{"id":61382,"date":"2020-02-13T15:38:48","date_gmt":"2020-02-13T10:38:48","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=61382"},"modified":"2020-02-13T15:38:49","modified_gmt":"2020-02-13T10:38:49","slug":"sbp-increases-remittance-limit-freelancers-working-foreign-firms","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/sbp-increases-remittance-limit-freelancers-working-foreign-firms.html","title":{"rendered":"SBP increases remittance limit for freelancers working with foreign firms"},"content":{"rendered":"\n<p>Lahore: The State Bank of Pakistan (SBP) has increased the remittance limit for freelancers working for foreign firms from USD 5,000 to USD 25,000 per month, a news source reported. <\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/govt-facilitate-banks-increasing-remittances.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Govt to facilitate banks for increasing remittances (opens in a new tab)\">Govt to facilitate banks for increasing remittances<\/a><\/p>\n\n\n\n<p>This increased limit would allow workers to receive larger transaction amounts, in order to encourage freelancers to conduct business-to-customer transactions through the official <a href=\"http:\/\/zameen.com\/news\/spb-increases-transaction-limits-home-remittances.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"home remittance (opens in a new tab)\">home remittance<\/a> channels. This measure would also expand the volume of workers\u2019 remittances coming back to the country. <\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/sbp-records-all-time-high-foreign-investments-govt-securities.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"SBP records all-time-high foreign investments in govt securities (opens in a new tab)\">SBP records all-time-high foreign investments in govt securities<\/a><\/p>\n\n\n\n<p>According to the statement issued by the SBP, the rise in the limit will facilitate freelancers to receive greater value of funds through a more economical and efficient home remittances channel. It added that this effort would also help the country receive foreign exchange flows through former banking channels. <\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/pakistan-remittance-initiative-makes-sending-money-home-cheaper.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Pakistan Remittance Initiative makes sending money home cheaper (opens in a new tab)\">Pakistan Remittance Initiative makes sending money home cheaper<\/a><\/p>\n\n\n\n<p>Furthermore, the SBP stated that increasing the limit would\nalso allow the freelancers to broaden their businesses and operations. The\ncentral bank added that it would also help them to add other additional\nfreelancers to their workforce \u2014 creating employment opportunities in the\ncountry. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: The State Bank of Pakistan (SBP) has increased the remittance limit for freelancers working for foreign firms from USD 5,000 to USD 25,000 per month, a news source reported. Read: Govt to facilitate banks for increasing remittances This increased limit would allow workers to receive larger transaction amounts, in order to encourage freelancers to conduct business-to-customer transactions through the official home remittance channels. This measure would also expand the volume of workers\u2019 remittances coming back to the country. Read: SBP records all-time-high foreign investments in govt securities According to the statement issued by the SBP, the rise in the limit will facilitate freelancers to receive greater value of funds through a more economical and efficient home remittances channel. It added that this effort would also help the country receive foreign exchange flows through former banking channels. Read: Pakistan Remittance Initiative makes sending money home cheaper Furthermore, the SBP stated that increasing the limit would also allow the freelancers to broaden their businesses and operations. The central bank added that it would also help them to add other additional freelancers to their workforce \u2014 creating employment opportunities in the country.<\/p>\n","protected":false},"author":68,"featured_media":60606,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[19175,19176,4294,6066],"persona":[],"class_list":{"0":"post-61382","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-details-on-sbp-increases-remittance-limit-for-freelancers-working-with-foreign-firms","8":"tag-freelancers","9":"tag-remittance","10":"tag-sbp"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SBP increases remittance limit for freelancers working with foreign firms - Zameen News<\/title>\n<meta name=\"description\" content=\"The State Bank of Pakistan (SBP) has increased the remittance limit for freelancers working for foreign companies from USD 5,000 to USD 25,000 per month.\" \/>\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\/sbp-increases-remittance-limit-freelancers-working-foreign-firms.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBP increases remittance limit for freelancers working with foreign firms - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The State Bank of Pakistan (SBP) has increased the remittance limit for freelancers working for foreign companies from USD 5,000 to USD 25,000 per month.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/sbp-increases-remittance-limit-freelancers-working-foreign-firms.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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