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Navigating into a bright economic future

UAE Exchange offers overseas Pakistanis instant, secure and convenient money transfer options, while on the move

A nation, which has seen many changes in its socio-economic landscape, still stands strong and is poised to witness the fastest rate of economic growth in the world. Accelerating this transition is the Pakistani Diaspora who constitutes around 8 million, of which 3.5 million live in the GCC.
Born out of the partition of the Indian sub-continent in 1947, today, Pakistan is the world's sixth most populous nation with an estimated population of over 191.71 million. With globalisation opening up many new channels and opportunities, millions of Pakistanis had emigrated to various countries abroad during the 1970s and 1980s. World Bank, in its 2014 report, stated that the total global remittance was $583 billion, of which Pakistan received $17 billion.
Given the role and magnitude of remittances, it has been increasing not just at the macroeconomic level, but also among recipient households as the high growth of remittances is of great value for the country struggling to improve its foreign exchange reserves. Since the launch of the Pakistan Remittance Initiative (PRI) in 2009, the key to the facilitation in remittances has always been 'nearer to remitter and nearer to beneficiary'. Thus, to keep the remittance money flowing, banks and other financial institutions like  UAE Exchange have streamlined their exchange and transfer processes, thereby, supporting and contributing its best towards anchoring Pakistan's economy. 
UAE Exchange, which contributes 6 per cent to the global remittance volume, enables free remittance facility for the Pakistani community. Today, an overseas Pakistani can instantly transfer money in a timely, adequate, secure and convenient mode, while on the move. They can send money to Pakistan by choosing from a repertoire of services offered by UAE Exchange like FLASHremit (instant direct money transfer to the beneficiary's bank account), Xpress Money and Western Union (instant money transfer as cash payout to any location), or Money2anywhere.com (the online money transfer portal). A Pakistan expatriate can also avail gocash, a MasterCard-powered six currency prepaid international travel card that enables exchange rate lock facility and helps the customer from any exchange rate fluctuation, thereby, making travel hassle-free.
Being a socially responsible corporate,    UAE Exchange also provides secure savings option. Smart Pay (the WPS-compliant leading payroll solution), credit card and utility bill payments, mobile top-ups are other services offered by the brand. Known for its excellent customer service and widest network among remittance brands, UAE Exchange has 750+ branches, of which 140 branches are in the UAE, in 32+ countries and serves 7.9+ million customers.
The brand also has strong correspondent relationship with over 140 global banks, of which 13 are in Pakistan and includes Habib Bank Limited, Allied Bank Limited, Askari Bank Limited, Bank Alfalah Limited, Bank of Punjab, MCB Bank Limited, National Bank of Pakistan, Standard Chartered Bank, United Bank Limited, Dubai Islamic Bank Pakistan Limited, NIB Bank Limited, Bank Al Habib Limited, and Summit Bank Limited.
As Pakistan celebrates its Independence Day, UAE Exchange, on this happy occasion, salutes the courage and hard work of all the overseas citizens of Pakistan who have walked that extra mile to bring a smile and empower their loved ones.