Karachi, Sept. 28 -- The country's banking industry, jointly with the State Bank of Pakistan (SBP) and under the aegis of the Pakistan Banks Association (PBA), launched the Pasban Remittance Rewards, a nationwide incentive scheme designed to recognise the invaluable contribution of overseas Pakistanis while encouraging greater remittance flows through formal banking channels.

The Scheme was announced at a launch event at the SBP, chaired by Mr Jameel Ahmad, Governor, SBP, in the presence of senior bankers and government officials.

Governor SBP said the SBP and the Government have been working closely with the PBA over the past few months to develop a self-sustaining and market-oriented remittance scheme that can continue to facilitate, ...