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JS / Pakistan Remittance Initiative

Pakistan Remittance Initiative

In order to provide an ownership structure in Pakistan for remittance facilitation, State Bank of Pakistan (the central bank), Ministry of Overseas Pakistanis and Ministry of Finance launched a joint initiative called Pakistan Remittance Initiative (PRI) in early 2009. This initiative has been taken to achieve the objectives of (a) facilitating and supporting efficient flow of workers’ remittances and (b) catering for other financial services needs of Overseas Pakistanis and their families back home.

The subject analysis led PRI to formulate a comprehensive strategy aimed at greater commitment of financial sector towards remittance services and resultant inculcation of remittance facilitation culture, transparency of remittance market with adequate consumer protection, and efficiency of payment system infrastructure.

PRI is also encouraging financial institutions in Pakistan to enhance their outreach overseas for collection of remittances through new remittance related arrangements with entities already collecting remittances for other corridors.

For complaints and suggestions related to remittances please contact.

Tel: +92-21-111-727-774 (021-111-SBP-PRI)
Fax: +92-21-99221527
Email: [email protected] , [email protected]