US EditionSBP revises Telegraphic Transfer charges scheme, raises limit to $200, includes ECs
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No fee on $200 remittances as SBP expands PRI to exchange companies
The State Bank of Pakistan (SBP) has officially included exchange companies in the Pakistan Remittance Initiative (PRI). This decision is expected to level the playing field between banks and exchange companies while encouraging a substantial increase in the inflow of foreign remittances through formal channels. The development was announced through Circular No. 4 issued by the SBP, which confirms that, alongside banks, exchange companies are no…
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