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
Garha Mor, a notable landmark in Vehari, Punjab, Pakistan, is significant in its location, accessibility,…
Located in the center of Wah Cantt, Aslam Market is a vibrant commercial hub that…
Located in the bustling heart of Lahore, Abid Market is a landmark shopping area well…
ISLAMABAD, Nov 16 (APP): The Chairman of the Capital Development Authority (CDA), Muhammad Ali Randhawa,…
Islamabad, Pakistan— IMARAT Group, a leading real estate developer and innovator in Pakistan, announces the…
Amma Tower, located in the bustling area of Saddar in Karachi, is a unique blend…
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.
