Pakistan’s 37% YoY Remittance Surge: A Guide For Expats in Ireland

Pakistan has witnessed an impressive 37% year-on-year (YoY) rise in remittance inflows, a figure that has drawn attention globally. For Pakistanis living in Ireland – whether students, workers, or expats – this surge is more than just a headline. It impacts exchange rates, service demand, and how efficiently you can send money to Pakistan from Ireland.

In this blog, we break down what’s driving the increase, how it affects your financial decisions, and how you can ensure safer, faster, and more cost-effective money transfer to Pakistan from Ireland.

Why Remittances to Pakistan Are Surging

Government Policies Encouraging Legal Channels

The Pakistani government has implemented several initiatives to promote legal remittance transfers, including:

• Offering incentives to overseas Pakistanis who use official channels.
• Strengthening partnerships with international money transfer services.
• Cracking down on hundi/hawala systems.

These steps are pushing more senders to opt for formal digital remittance services.

Growing Overseas Workforce and Student Population

With more Pakistanis moving abroad for work and education, especially to countries like Ireland, the remittance base is growing. Irish-based Pakistanis often:

• Support families in Pakistan with monthly transfers.
• Fund education, health, and housing expenses.
• Invest in local property and businesses back home.

Exchange Rate Optimisation

A weaker Pakistani rupee has made foreign currency transfers more valuable in local terms. This has encouraged overseas residents to send money to Pakistan from Ireland online during favourable exchange conditions.

What This Surge Means for Pakistani Senders in Ireland

Increased Transfer Volumes

Higher volumes mean more competition among remittance service providers. For you, this often results in:

• Lower fees
• Better exchange rates
• Faster transfer times

Importance of Choosing Secure Digital Platforms

As more money flows across borders, the need for secure services grows. Choosing a trustworthy provider ensures:

• Your money reaches the right hands
• Compliance with Irish and Pakistani regulations
• Transparency in fees and exchange rates

Tips for Secure and Cost-Effective Remittance

Compare Providers Before Sending

Not all services offer the same rates or fees. Before you make a money transfer to Pakistan from Ireland, always compare options.

Key factors to check:

• Exchange rate
• Transfer time
• Transaction fees
• Customer support availability

Use Online Transfer Services

Digital platforms are becoming the go-to choice for many. If you send money to Pakistan from Ireland online, you benefit from:

• 24/7 access
• Mobile-friendly platforms
• Real-time tracking
• Instant notifications

Make sure to use platforms regulated by the Central Bank of Ireland and authorised to operate internationally.

Avoid Public Wi-Fi When Sending Money

Cybersecurity matters. Avoid making an online money transfer to Pakistan from Ireland over unsecured networks. Use secure, private Wi-Fi or mobile data.

Enable Two-Factor Authentication

Secure your remittance accounts with two-factor authentication (2FA) to reduce the risk of hacking and fraud.

Future Outlook for Remittances to Pakistan

The future looks optimistic for Pakistan’s remittance inflows. Factors that may continue this upward trend include:

• Stable political and economic policies encouraging digital remittance
• Technological improvements in money transfer apps
• Higher overseas employment rates, especially in the EU

According to the State Bank of Pakistan, digital transactions now make up a large portion of total remittance inflows, highlighting the country's shift towards modern financial ecosystems.

Final Thoughts: Send Smart, Stay Informed

If you live in Ireland and send money back home, staying updated on economic trends and transfer options is vital. The current remittance boom can work in your favour, provided you choose the right service. Opt for platforms that combine affordability, speed, and security for a hassle-free experience. Trusted by thousands, ACE Money Transfer holds a 4.8-star rating on Trustpilot with 129,000+ reviews, highlighting their superior remittance support.

FAQs

Why are remittances to Pakistan increasing?

The 37% rise is mainly due to government efforts to encourage legal transfers, improved digital services, and the depreciation of the rupee.

How can I send money to Pakistan securely from Ireland?

Use regulated digital platforms with two-factor authentication, encrypted connections, and transparent fee structures.

Are there any limits on how much I can send?

Limits vary by service provider and your account status. Most platforms allow generous daily and monthly caps for verified users.

What’s the best way to send money to Pakistan from Ireland online?

Look for platforms that offer competitive exchange rates, low fees, and fast delivery times, along with strong security measures.

How do I know if the remittance service is legal in Ireland?

Check if the provider is registered with the Central Bank of Ireland or licensed by international financial authorities.