Pakistan’s Rupee Crisis – How It Impacts Remittances From Greece

Pakistan's economy has faced significant turbulence in recent years, with the Pakistani rupee (PKR) losing value against the US dollar and other foreign currencies. For overseas Pakistanis living in Greece, especially those supporting families back home, these currency fluctuations can significantly impact the value of money transfer from Greece to Pakistan. Understanding how the rupee crisis affects international money transfers is crucial to ensuring your hard-earned money has maximum impact.

In this article, we explore the causes of the rupee crisis, its effect on remittances, and how Pakistani expatriates in Greece can make the most of their transfers using secure channels like ACE Money Transfer.

Understanding the Rupee Crisis in Pakistan

Pakistan's rupee crisis is rooted in several interlinked economic issues, including:

• High Inflation: Rising fuel and food prices have weakened the purchasing power of the rupee.
• Trade Deficit: A larger gap between imports and exports has drained foreign currency reserves.
• Political Instability: Frequent leadership changes and fiscal mismanagement have shaken investor confidence.
• Debt Repayments: Heavy reliance on external debt has pressured the rupee further.

According to the State Bank of Pakistan, the PKR lost more than 20% of its value against the dollar in 2024 alone. This ongoing depreciation creates uncertainty for families relying on remittances.

Impact On Remittances From Greece

Over 40,000 Pakistanis reside in Greece, many of whom regularly send money to Pakistan from Greece. The rupee’s devaluation affects remittance dynamics in several ways:

• Higher Exchange Rates: While it seems like more PKR is received, inflation offsets the gain.
• Increased Frequency of Transfers: Families may require more frequent remittances due to rising living costs.
• Shift to Formal Channels: With increased scrutiny on the black market, people prefer secure, regulated options.

If you send money to Pakistan online from Greece, it's essential to consider both the exchange rate and the local economic climate in Pakistan to ensure your family gets the full benefit.

Why Choose Formal Channels Like ACE?

Amid a financial crisis, using trusted and licensed remittance services is more important than ever. ACE Money Transfer offers a safe, efficient, and cost-effective way to support your loved ones.

Advantages of Using ACE:

• Excellent Exchange Rates: Get better rates compared to local money changers.
• No Hidden Fees: Transparent pricing with no surprise deductions.
• Faster Transfers: Most transactions are completed within minutes.
• Flexible Delivery Options: Choose from bank deposits, cash pickups, or mobile wallets.
• Trusted by Thousands: Rated 4.8+ ratings on Trustpilot.

With online money transfer from Greece to Pakistan made so simple, it’s easy to provide timely support, even during financial instability.

Real Value: Crypto, Hawala, or ACE Money Transfer

Using ACE ensures your funds arrive safely, legally, and with full accountability.

How to Remit Money to Pakistan from Greece (Step-by-Step)

Sending money through ACE is easy and can be done in minutes. Here’s how:

1. Sign Up: Create a free account online or via the ACE mobile app.
2. Add a Recipient: Enter your beneficiary’s bank or mobile wallet details.
3. Choose Amount & Method: Select how much to send and the delivery option.
4. Pay & Confirm: Use your card or bank to complete the payment.
5. Track Transfer: Get real-time updates until the money is delivered.

Whether you’re supporting monthly household expenses or making one-time payments and  want to send money to Pakistan online from Greece quickly and worry-free, ACE is the best option.

Pakistan's rupee crisis has reshaped how overseas Pakistanis approach remittances. While a weaker rupee might mean more PKR per euro, inflation quickly reduces real purchasing power. That’s why it's essential to choose a dependable service for your transfers.

ACE Money Transfer offers reliability, security, and great exchange rates to help you support your family when it matters most. 

Ready to send money the safe way? Try ACE Money Transfer today and experience the difference!

FAQs

Will I get more PKR if the rupee value drops further?

Yes, technically, but inflation in Pakistan often cancels out the benefit. It’s best to use services with good exchange rates and no hidden fees.

Can I send money to Pakistan online from Greece without visiting an agent?

Absolutely! ACE Money Transfer allows online transfers through their website and app, without needing to visit a physical office.

Is ACE Money Transfer safe to use during economic crises?

Yes, ACE is fully regulated and has a strong reputation for secure and fast transactions, even during financial uncertainty.

Are informal money transfer channels illegal in Pakistan?

Yes, methods like Hawala are unregulated and considered illegal by Pakistani authorities. They carry legal and financial risks.

How can I track my money transfer to Pakistan?

ACE provides real-time tracking through its website and app, ensuring transparency every step of the way.