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
The Ittefaq Group of Industries' family members founded Ittefaq Hospital in Lahore. Mian Muhammad Sharif…
Tando Bago is a town in Pakistan that is tucked away in the center of…
Amidst the fertile plains of Punjab, Pakistan, lies Aminpur Bangla, a town brimming with potential…
Jhal Magsi District is a gem of a city located in the central region of…
About 90 kilometers south of Multan, Jalalpur Pirwala is a city and tehsil capital housing…
ISLAMABAD: Chaudhry Muhammad Ali Randhawa, the newly appointed Chief Commissioner of Islamabad, wasted no time…
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.
