State Bank of Pakistan extends home remittance services

News Image

MG News | November 27, 2019 at 11:11 AM GMT+05:00

0:00

November 27, 2019 (MLN): State Bank of Pakistan via notification informed to all Authorized Dealers in Foreign Exchange regarding extension in Home Remittance Services.

According to F.E. Circular No. 11 dated October 22, 2018, overseas Pakistanis have been allowed to remit Business to Customer (B2C) and Customer to Business (C2B) transactions through home remittance channel.

In order to further facilitate freelancers and pensioners, it has been decided that, henceforth, following transaction limits shall apply:

S.No.

Transaction Type

Transaction Limit

Business-to-Customer (B2C)

1

Freelance of Computer and Information System Services

Equivalent to up to USD 5,000/individual/month

2

Other Freelance Services

Equivalent to up to USD 5,000/individual/month

3

Pension Transactions

Equivalent to up to USD 2,500/individual/month

It is notified that all other instructions on the subject shall remain unchanged. Further, Authorized Dealers are advised to bring the same to the notice of all their constituents.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 134,299.77
290.06M
0.39%
517.42
ALLSHR 84,018.16
764.12M
0.48%
402.35
KSE30 40,814.29
132.59M
0.33%
132.52
KMI30 192,589.16
116.24M
0.49%
948.28
KMIALLSHR 56,072.25
387.69M
0.32%
180.74
BKTi 36,971.75
19.46M
-0.05%
-16.94
OGTi 28,240.28
6.19M
0.21%
58.78
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,720.00 119,450.00
115,635.00
4850.00
4.26%
BRENT CRUDE 69.39 69.50
68.55
0.75
1.09%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.10
1.14%
ROTTERDAM COAL MONTHLY 108.75 108.75
108.75
0.40
0.37%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.40 67.54
66.50
0.83
1.25%
SUGAR #11 WORLD 16.29 16.43
16.20
0.03
0.18%

Chart of the Day


Latest News
July 11, 2025 at 05:41 PM GMT+05:00

PSX Closing Bell: Bulls Serenade The Bourse


July 11, 2025 at 05:06 PM GMT+05:00

UBL doubles profit to Rs65bn in 1HCY25


July 11, 2025 at 04:19 PM GMT+05:00

Ideal Spinning Mills to exit spinning business


July 11, 2025 at 04:12 PM GMT+05:00

OMO Result: SBP injects Rs1.72tr


July 11, 2025 at 03:38 PM GMT+05:00

Weekly SPI increases by 0.95%



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg