KARACHI: The State Bank of Pakistan (SBP) has initiated a home remittances incentive scheme for banks in order to facilitate overseas Pakistanis to use formal banking channels while sending remittances to Pakistan.
As per the circular issued, the main motive is to market home remittances to provide incentive for banks and financial institutions.
According to details, PKR 0.50 will be rewarded to exchange companies and banks for each incremental USD over five percent growth for the present year in comparison to the previous financial year.
Similarly, PKR 0.75 will be rewarded per each incremental USD to banks and exchange companies for over 10 percent growth in the current financial year.
PKR 1 will be rewarded for each incremental USD with 15 percent growth.
The government is working to facilitate overseas Pakistanis to send remittances in an effective and hurdle free manner.
For more news, visit Graana.com
Quetta: The Executive Committee of the National Economic Council (Ecnec) on Tuesday approved the Balochistan…
Rawalpindi: Phase I of the Rawalpindi Ring Road project is nearing completion, while the Rawalpindi…
Islamabad’s Capital Territory is set to get its own Capital House in Sector F-5 following…
ISLAMABAD: The Capital Development Authority (CDA) has approved an 85% increase in the house rent…
Karachi: Prime Minister Shehbaz Sharif announced on Monday that the federal government, in partnership with…
Islamabad: The Capital Development Authority (CDA) has officially begun handing over developed plots to allottees…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
