{"id":59125,"date":"2019-12-27T15:16:26","date_gmt":"2019-12-27T10:16:26","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=59125"},"modified":"2020-09-25T13:01:32","modified_gmt":"2020-09-25T08:01:32","slug":"pakistan-remittance-initiative-makes-sending-money-home-cheaper","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pakistan-remittance-initiative-makes-sending-money-home-cheaper.html","title":{"rendered":"Pakistan Remittance Initiative makes sending money home cheaper"},"content":{"rendered":"<p>Lahore: The federal government has introduced the Pakistan Remittance Initiative (PRI) that will make it cheaper for overseas Pakistanis to send remittances back to the country, a news source reported. In this regard, the Pakistan Post Office Department (PPOD) and the National Bank of Pakistan have entered in to an arrangement under the PRI \u2014 allowing Remittance Beneficiaries to collect their payments sent from abroad free of charge.<\/p>\n<p><strong>Read<\/strong>:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/pm-economic-team-discuss-measures-to-boost-remittances.html\" target=\"_blank\" rel=\"noopener noreferrer\">PM, economic team discuss measures to boost remittances<\/a><\/p>\n<p>The beneficiaries will use the NBP Remittance Services from the Pakistan Post Office locations across the country. The collectors will have to provide their original CNIC number, PIN Code\/Secret PIN Number, remitter\u2019s name and other details, and amount of remittance expected.<\/p>\n<p>Those seeking to send their remittance through a selected branch of the Pakistan Post can visit NBP\u2019s correspondents and request a cash transaction for NBP. The booking agents will provide the remitters with a PIN Code, which they will have to share with the receiver, along with the exact amount of payment in Pakistani Rupees. For payments over USD 200, the remitter can send them free of charge, and the receiver can collect these without any cost from either NBP or Pakistan Post locations.<\/p>\n<p><strong>Read<\/strong>:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/spb-increases-transaction-limits-home-remittances.html\" target=\"_blank\" rel=\"noopener noreferrer\">SBP increases transaction limits for home remittances<\/a><\/p>\n<p>While inaugurating the PRI, Prime Minister Imran Khan stated that overseas Pakistanis using this system will obtain rewards for using legal channels in order to send money. He added that the government has directed the ambassadors to <a href=\"https:\/\/www.zameen.com\/news\/sbp-announces-alternative-to-biometric-verification-for-overseas-pakistanis.html\" target=\"_blank\" rel=\"noopener noreferrer\">facilitate overseas individuals<\/a> in every way possible.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: The federal government has introduced the Pakistan Remittance Initiative (PRI) that will make it cheaper for overseas Pakistanis to send remittances back to the country, a news source reported. In this regard, the Pakistan Post Office Department (PPOD) and the National Bank of Pakistan have entered in to an arrangement under the PRI \u2014 allowing Remittance Beneficiaries to collect their payments sent from abroad free of charge. Read:\u00a0PM, economic team discuss measures to boost remittances The beneficiaries will use the NBP Remittance Services from the Pakistan Post Office locations across the country. The collectors will have to provide their original CNIC number, PIN Code\/Secret PIN Number, remitter\u2019s name and other details, and amount of remittance expected. Those seeking to send their remittance through a selected branch of the Pakistan Post can visit NBP\u2019s correspondents and request a cash transaction for NBP. The booking agents will provide the remitters with a PIN Code, which they will have to share with the receiver, along with the exact amount of payment in Pakistani Rupees. For payments over USD 200, the remitter can send them free of charge, and the receiver can collect these without any cost from either NBP or Pakistan Post&hellip;<\/p>\n","protected":false},"author":68,"featured_media":34938,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[14676],"persona":[],"class_list":["post-59125","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-developments","tag-details-on-pakistan-remittance-initiative-makes-sending-money-home-cheaper","cat-15016-id"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pakistan Remittance Initiative makes sending money home cheaper - Zameen News<\/title>\n<meta name=\"description\" content=\"Lahore: The federal government has introduced the Pakistan Remittance Initiative (PRI) that will make it cheaper for overseas Pakistanis to send\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/pakistan-remittance-initiative-makes-sending-money-home-cheaper.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pakistan Remittance Initiative makes sending money home cheaper - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Lahore: The federal government has introduced the Pakistan Remittance Initiative (PRI) that will make it cheaper for overseas Pakistanis to send\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pakistan-remittance-initiative-makes-sending-money-home-cheaper.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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