You can send Pakistani Rupee (PKR) from your KAST account to bank accounts in Pakistan using KAST Pay. This article explains how to send PKR to a bank account, what fees and processing times apply, and what to do if your payout doesn't arrive as expected.
How Do I Send PKR from KAST?
With KAST Pay, sending Pakistani Rupee (PKR) to a bank account is quick and simple:
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| 3. Select Fast payout. | |
| 4. Choose PKR as your payout currency. | |
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5. Accept the Terms and Conditions, then tap Continue. 6. You may be asked to provide additional information or documents, such as your Tax Identification Number (TIN), Proof of Address (PoA), Source of Funds (SoF), or Social Security Number (SSN). |
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| 7. Enter the amount you want to send. | |
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8. Choose whether to transfer to your own account or to someone else, enter recipient’s details
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| 9. Review the details and confirm your transaction. |
Your USDC will be converted to PKR using the current exchange rate. You'll see the exchange rate, fees, and estimated delivery time before confirming the payout.
What Are the Fees for PKR Payouts?
KAST uses transparent pricing for PKR payouts.
| Fee Type | Amount |
|---|---|
| FX Conversion Fee | 1% |
| Transfer Fee (Fixed) | $2 |
The following benefits also apply:
- Your first 3 payouts are free
- Payouts above $5,000 are free
What Are the Minimum and Maximum Limits for PKR Payouts?
| Limit Type | Amount |
|---|---|
| Minimum payout | 500 PKR |
| Maximum payout | 1,000,000 PKR |
Which Banks Can Receive PKR Payouts?
PKR payouts are sent through the IBFT banking network in Pakistan. You can send PKR to bank accounts that support incoming IBFT transfers, including accounts with banks such as HBL (Habib Bank Limited), United Bank Limited (UBL), and MCB Bank.
đź’ˇ Tip: Always confirm the recipient's account details before sending to avoid delays or failed payouts.
How Long Does It Take for PKR Payouts to Arrive?
PKR payouts are typically processed by the end of the business day.
Processing times may vary depending on:
- Banking hours
- Weekends and public holidays
- Recipient bank processing schedules
You'll receive a notification once your payout has been completed.
Can I Send PKR to Someone Else's Bank Account?
Yes. You can send PKR to your own bank account or to another person's bank account in Pakistan.
Before confirming the payout, double-check:
- Recipient name
- Bank name
- Account number
- Any additional beneficiary information requested
Incorrect details may result in delays or failed payouts.
What If My PKR Payout Hasn't Arrived?
If your payout hasn't arrived after the expected processing time:
- Check your transaction history in the KAST app.
- Confirm the payout status.
- Verify the recipient's bank details.
- Contact the recipient bank to check whether the transfer is pending.
If the payout still cannot be located, contact KAST Concierge for assistance.
Frequently Asked Questions
Do I Need to Complete KYC Before Sending PKR?
Yes. You must complete KAST identity verification (KYC) before you can send PKR payouts. Depending on your country of residence or account activity, KAST may also ask you to provide additional documents, such as Proof of Address (PoA) or Source of Funds (SoF), before your payout can be processed.
What Network is Used for PKR Payouts?
PKR payouts are sent through Pakistan's Inter Bank Funds Transfer (IBFT) network. This network enables electronic transfers between participating bank accounts across Pakistan.
Why is My PKR Payout Taking Longer Than Expected?
Most PKR payouts are processed by the next business day, but delays can sometimes occur. Processing times may be affected by weekends, public holidays, banking hours, or the recipient bank's internal processing schedule.
Can I Cancel or Edit a PKR Payout After Confirming It?
No. Once you confirm a PKR payout, it begins processing and cannot be canceled or edited. Always review the recipient's banking details carefully before submitting the transfer.
What Happens if My Payout Fails?
If your payout cannot be completed, the funds will be returned to your KAST account once the payment has been reversed. This commonly happens when the recipient's bank details are incorrect or incomplete.
Can I Send PKR From Anywhere?
You can send PKR payouts from supported countries where KAST services are available. You must also have completed KYC verification and not be located in a prohibited jurisdiction.