Send Money from Malaysia to Pakistan — Best MYR/PKR Rates

Your recipient in Pakistan can receive PKR in several ways. The fastest method depends on whether they have a bank account, a mobile wallet, or need cash:

• Bank Account (IBFT) — Interbank Funds Transfers to all Pakistani banks via RAAST payment system.
• EasyPaisa / JazzCash — Mobile wallet delivery widely used across Pakistan for instant receipt.
• Cash Pickup — Available through HBL, MCB agents, Western Union, and local exchange companies.

Confirm the delivery method with your recipient before you send. Most providers let you choose the method during checkout, but the fee and speed can vary — bank transfers are typically cheapest, cash pickup is typically fastest.

There is no single 'best' provider — the right choice depends on whether you prioritise the recipient amount, the fee, the speed, or the institution type.

• If you want the most for your money: Wise delivered the highest recipient amount in our most recent live snapshot.
• If you only care about the lowest fee: Maybank has the cheapest upfront fee at MYR 10.00, though check the recipient amount before assuming it's the best deal.
• If you'd rather use a bank: Maybank is one of the licensed bank options in this corridor — slower (typically 1–3 days) and usually more expensive than money-transfer operators, but some senders prefer the familiarity.

Recommendations refresh with the live data above. The provider that wins today may not win tomorrow — always check the live table immediately before sending.

Pakistan's rules around inbound foreign currency are usually permissive for personal remittance, but it's worth knowing the framework:

• SBP Roshan Digital — State Bank of Pakistan's Roshan Digital Account allows overseas Pakistanis to receive and invest remittances through a special account.

In the MYR to PKR corridor right now, 3 providers are competing for your transfer — and the gap between the best and worst deal is ₨9,653 on a RM1,000 send. Wise delivers ₨67,135 while Public Bank Berhad delivers only ₨57,482. That difference comes almost entirely from rate margin, not the headline fee.

The mid-market rate — the one banks use among themselves — is currently 1 MYR = 68.0887 PKR. At that rate, RM1,000 would convert to exactly ₨68,089. Wise's rate of 68.0887 means a margin of roughly 0.00%, while Public Bank Berhad's rate of 59.3824 embeds a 12.79% margin. Even small-sounding percentages add up: on a RM5,000 transfer, that worst-case margin costs you ₨48,263 compared to the best option.

Here is an insight specific to this corridor: the provider with the lowest upfront fee (Maybank at MYR 10.00) is not the same as the provider that delivers the most PKR (Wise). That is because Maybank recovers its cost through the exchange rate. This is exactly why fee-only comparisons mislead — the "Recipient gets" column in the table above is the only number that captures both the fee and the rate margin in a single figure.