• No reward points under SDRP • TTCIS also discontinued; banks to keep transfers free for users
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• No reward points under SDRP
• TTCIS also discontinued; banks to keep transfers free for users
KARACHI: The State Bank has abolished the incentives paid to banks for increasing remittances, after the amount grew to a level that came under the IMF’s radar.
The SBP issued a circular on Thursday announcing that the Sohni Dharti Remittance Programme (SDRP) had been discontinued.
KARACHI: Prime Minister Shehbaz Sharif on Saturday directed the finance ministry to release funds on a priority basis for the…
Overseas Pakistanis struggle as remittance cap hinders repatriation of funds
Inflows jump 15.4pc in January, second-highest this fiscal year
“In terms of growth, remittances increased by 15.4pc on a year-on-year basis,” the central bank said.
Highest share of around $1bn received from Saudi Arabia.
High interest rates, rising T-bill yields, and external pressure are forcing fiscal discipline and more realistic planning.
