Make Payments in PKR - Pakistani Rupee
Pay in Pakistani Rupees (PKR)
Mondial Change allows you to make international payments in PKR (Pakistani Rupee) with ease. Manage your Pakistani Rupee beneficiaries, track your transactions in real-time, and enjoy a secure online platform. We do not apply any exchange commission on your PKR operations (a spread is applied on the exchange rate, which slightly degrades the interbank rate on the currency pair traded). Your client rate is always communicated transparently before the validation of each of your transactions.
Receive Payments in Pakistani Rupee (PKR)
It is currently not possible to receive payments in PKR.
Mondial Change Answers All Your Questions About Payments in Pakistani Rupees (PKR)
What is the timeframe for a PKR payment to be credited to the beneficiary's account?
It generally takes a minimum of 2 business days for a Pakistani Rupee transfer to be credited to the beneficiary's account. However, these timeframes are not contractual, and our partners responsible for the execution and routing of payments cannot be held liable if PKR payments are credited beyond 2 business days to the beneficiary's account. External events such as processing delays by intermediary banks, public holidays, execution time, or compliance checks can significantly impact payment receipt times.
What are the fees for a payment in Pakistani Rupee (PKR)?
The fees applied to Pakistani Rupee (PKR) transfers generally range from 0 to 10 euros depending on the agreement with Mondial Change's trading desk. The rate mainly depends on your annual PKR exchange volume and the number of Pakistani Rupee payments made during the year.
Are there minimum or maximum amounts for payments in Pakistani Rupee (PKR)?
Mondial Change and its partners verify that your Pakistani Rupee flows are consistent with the data declared during account opening and consistent with your activity volume to ensure compliance and security. If restrictions apply to transaction volumes, they will be communicated to you well before the validation of your operations.
What are the specific rules for executing a payment in Pakistani Rupee (PKR)?
For PKR payments via the SWIFT network, the following information must be provided at a minimum:
• Full name of the beneficiary
• Full address of the beneficiary
• Local account number
• SWIFT code of the beneficiary bank
• Reason for payment
Is it possible to modify a payment in Pakistani Rupee (PKR) after it has been executed?
Yes, it is possible with some of our partners to modify a payment in Pakistani Rupee (PKR) even after it has been sent in SWIFT. If you have, for example, made an error in the beneficiary's name or account number, the correction is made through a SWIFT amendment. If the payment was not executed via the SWIFT network, then it is not possible to make such amendments, and you must wait for the payment to be returned if applicable.
What are the public holidays when payments in Pakistani Rupee (PKR) cannot be executed?
5 February: Kashmir Solidarity Day
23 March: Pakistan Day
Variable date: Eid al-Fitr (end of Ramadan – several days)
1 May: Labour Day
14 August: Independence Day
Variable date: Eid al-Adha (Festival of Sacrifice – several days)
Variable date: 9 and 10 Muharram (Ashura – 2 days)
Variable date: Mawlid (Birth of Prophet Muhammad)
9 November: Iqbal Day (sometimes observed)
25 December: Christmas Day and birthday of Muhammad Ali Jinnah
History of the Pakistani Rupee
The Pakistani Rupee (PKR) has been the official currency of Pakistan since 1947, following its independence from British Raj. Initially linked to the British Pound, it gradually evolved towards a floating exchange rate regime. The word "rupee" derives from the Sanskrit "rūpya" meaning stamped money. Since its inception, the PKR has experienced numerous periods of instability, mainly due to trade imbalances, geopolitical tensions, or inflation. Despite this, it remains a symbol of national identity and a pillar of the local economy.
Monetary Policy of the Pakistani Rupee
The State Bank of Pakistan (SBP) is the authority responsible for the country's monetary policy. Its objective is to ensure price stability while supporting economic growth. It uses instruments such as the policy rate, reserve requirements, and open market operations to influence the money supply and exchange rates. The PKR operates in a flexible exchange rate regime but is subject to occasional interventions by the central bank. Pakistan faces structural challenges such as external debt, continuous currency depreciation, and dependence on energy imports.
Characteristics of the Pakistani Rupee
The Pakistani Rupee (PKR) is primarily used in domestic transactions, with limited international use. It is subdivided into 100 paisas, although these are rarely used. The banknotes in circulation feature national figures such as Muhammad Ali Jinnah, the country's founder. Due to economic instability, the PKR experiences high volatility in foreign exchange markets, prompting many local businesses to hedge against currency risk. Despite this, the PKR remains deeply rooted in Pakistan's economic and social system.