LAHORE: National Bank of Pakistan’s (NBP) Senior Executive Vice President Khalid Bin Shaheen has revealed that the banks remittance portfolio has reached over Rs160 billion per annum.
Addressing a press briefing here at a local hotel, Shaheen said that besides working closely with various multilateral agencies for countrywide cash transfer initiatives that support low income individuals, disaster affected families and other international social initiatives; tremendous growth is witnessed in the domestic remittance business with a three-fold increase in the number of transactions and a five-fold growth in overall volumes during the last five years.
He said that bulk remittances originate from Saudi Arabia, United Arab Emirates, United States of America, United Kingdom and other GCC countries.
The key destinations in Pakistan are Sialkot, Gujranwala, Mardan, Gujrat and Rawalpindi. It wouldn’t be wrong to say that our coverage of branch network is widest and the most effective in rural areas.
Global Home Remittance is playing a significant role in contributing to the economic growth, livelihood and prosperity of Pakistanis all around the world.
NBP now over a couple of years is equally playing a major role in helping the growth of home remittances to Pakistan through its streamlined and trusted services. It is working continuously to develop innovative ideas into service features that allow to process and payout remittances even faster resulting in greater customer satisfaction.
NBP having the most penetrated network in Pakistan, providing comprehensive domestic distribution of remittances to beneficiaries across Pakistan.
A number of renowned international exchange houses and money transfer companies from across the world, including the Middle East, Europe, Asia-Pacific and America, have been using our services with utmost trust and satisfaction.
