KARACHI: The central bank has permitted the banks to remit Saudi riyal of the Haj group organisers, having allocated quota by the Ministry of Religious Affairs and Interfaith Harmony for current year.
The State Bank of Pakistan (SBP) also issued a list of HGOs with their quota under the Private Haj Scheme 2015. The banks, on being approached, will open a new rupee account in the name of enlisted HGO specifically for the purpose of Haj related remittances to Saudi Arabia.
While opening and operating these accounts, banks are advised to strictly follow SBP’s guidelines and ensure compliance of all related rules and regulations issued from time to time.
The banks will have to obtain all necessary documents from the concerned enlisted HGO including authenticated copies of quota allocation letters issued by the ministry. The bank account of the enlisted HGO will be opened in its business name with suffix “Haj”.
