ISLAMABAD: Adviser to Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh presided over a meeting to grant more incentives to overseas Pakistanis who are sending remittances to Pakistan.
During the meeting Special Assistant to Prime Minister on Overseas Pakistanis Zulfiqar Ali Bukhari and high officials of State Bank of Pakistan and other commercial banks were also present.
The participants of the meeting reviewed difficulties being faced by overseas Pakistanis in sending money to Pakistan through banking channels. The participants also forwarded their proposals to resolve this issue.
The participants of the meeting agreed that these proposals after in-depth discussion will be forwarded to Economic Coordination Committee (ECC) for approval.
Earlier, Pakistan Post Office Department (PPOD) has entered in an arrangement with National Bank of Pakistan under the umbrella of Pakistan Remittance Initiative (PRI). Now Remittance Beneficiaries’ can collect their remittance payments sent from abroad using NBP Remittance Services from the Pakistan Post Office locations free of charge.
Customers can collect their foreign remittances without paying any charges from the Pakistan Post locations by providing original CNIC of the beneficiary, PIN Code/Secret PIN number, expected amount of remittance payment and remitter’s name and details.
Meanwhile, customers wishing to send their remittances through Pakistan Post’s selected branches can visit any of National Bank’s correspondents and request a cash transaction for NBP.
The booking agent will provide a secret code/PIN number to the remitter. The remitter has to share the PIN number with the customer and inform them about the exact amount send in Pakistani Rupees. The transactions can be sent free of charge (above US$200) and can be collected for Free from either National Bank of Pakistan or any participating Pakistan Post Office location.
Electricity price may rise as Discos seek extra fuel cost charge
ISLAMABAD: Electricity consumers may face higher power bills starting in May, as power distribution companies have requested the national energy...
