Launched in 2014, the Global Precipitation Measurement (GPM) mission aimed at ensuring the continuity with the Tropical Rainfall Measuring Mission (TRMM) launched in 1997 that has provided unprecedented accuracy in Satellite Precipitation Estimates (SPEs) on the near-global scale. Since then, various SPE versions have been successively made available from the GPM mission. The present study assesses the potential benefits of the successive GPM based SPEs product versions that include the Integrated Multi–Satellite Retrievals for GPM (IMERG) version 3 to 5 (–v03, –v04, –v05) and the Global Satellite Mapping of Precipitation (GSMaP) version 6 to 7 (–v06, –v07). Additionally, the most effective TRMM based SPEs products are also considered to provide a first insight into the GPM effectiveness in ensuring TRMM continuity. The analysis is conducted over different geomorphic and meteorological regions of Pakistan while using 88 precipitations gauges as the reference. Results show a clear enhancement in precipitation estimates that were derived from the very last IMERG–v05 in comparison to its two previous versions IMERG–v03 and –v04. Interestingly, based on the considered statistical metrics, IMERG–v03 provides more consistent precipitation estimate than IMERG–v04, which should be considered as a transition IMERG version. As expected, GSMaP–v07 precipitation estimates are more accurate than the previous GSMaP–v06. However, the enhancement from the old to the new version is very low. More generally, the transition from TRMM to GPM is successful with an overall better performance of GPM based SPEs than TRMM ones. Finally, all of the considered SPEs have presented a strong spatial variability in terms of accuracy with none of them outperforming the others, for all of the gauges locations over the considered regions.