SBP Simplifies Overseas Remittance Rules to Cut Delays and Improve Banking Efficiency
State Bank of Pakistan relaxes foreign remittance rules, allowing banks to send salaries and professional fees abroad without prior SBP approval, aiming to improve efficiency and ease compliance.
BOP joins hands with Al Jazira Exchange UAE to enhance global remittance network for overseas Pakistanis
The Bank of Punjab strengthens its international remittance network through a new partnership with Al Jazira Exchange UAE, ensuring faster and more secure money transfers for overseas Pakistanis.
BOP and Onyx Exchange UAE collaborate to enhance remittance transfers for overseas Pakistanis
The Bank of Punjab partners with Onyx Exchange UAE to enhance secure, fast, and reliable remittance transfers to Pakistan, strengthening financial connectivity for overseas Pakistanis.
SBP sets new $200 limit for remittance rebates under revised incentive scheme starting July 2025
The State Bank of Pakistan has revised its rebate scheme for financial institutions handling home remittances, setting a new minimum transaction size of $200 with a flat SAR 20 rebate, aiming to strengthen formal remittance flows and compliance from July 2025.