{"id":63822,"date":"2020-04-09T10:00:00","date_gmt":"2020-04-09T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=63822"},"modified":"2020-04-08T17:51:56","modified_gmt":"2020-04-08T12:51:56","slug":"sbp-abolishes-service-charges-payment-cards-covid-19-donations","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/sbp-abolishes-service-charges-payment-cards-covid-19-donations.html","title":{"rendered":"SBP abolishes service charges on payment cards for COVID-19 donations"},"content":{"rendered":"\n<p>Lahore: The State Bank of Pakistan (SBP) has abolished its service charges on payment cards in a bid to facilitate donation disbursements to the government\u2019s recently established COVID-19 relief fund, a news source reported. Specifying further, it has intimated that service charges will not be applicable on debit, credit, and prepaid cards used for this purpose.<\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/covid-19-pandemic-relief-fund-2020-set-up.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"PM sets up COVID-19 Pandemic Relief Fund-2020; asks nation to donate generously (opens in a new tab)\">PM sets up COVID-19 Pandemic Relief Fund-2020; asks nation to donate generously<\/a><\/p>\n\n\n\n<p>To this effect, SBP has asked all affiliate banks to abolish Merchant Discount Rate (MDR), Merchant ID Fee, Interchange Reimbursement Fee (IRF), and on-boarding fee currently applicable on transactions directed to the relief fund.<\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/covid-19-relief-measure-balochistan-waives-pkr-1484-mn-taxes-fy-2019-20.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"COVID-19 relief measure: Balochistan waives off PKR 1,484 mn in taxes for FY 2019-20 (opens in a new tab)\">COVID-19 relief measure: Balochistan waives off PKR 1,484 mn in taxes for FY 2019-20<\/a><\/p>\n\n\n\n<p>Moreover, the central bank has notified that &#8220;likewise, withdrawal of Service Charges on Donations\/ Payments to Supreme Court of Pakistan\u2019s Diamer Bhasha and Mohmand Dam Fund through Payment Cards. It has been decided that the scope of the Circular issued previously would also cover Payments\/Donations made to the Prime Minister\u2019s as well as provincial governments\u2019 Covid19 Pandemic Relief Funds&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: The State Bank of Pakistan (SBP) has abolished its service charges on payment cards in a bid to facilitate donation disbursements to the government\u2019s recently established COVID-19 relief fund, a news source reported. Specifying further, it has intimated that service charges will not be applicable on debit, credit, and prepaid cards used for this purpose. Read: PM sets up COVID-19 Pandemic Relief Fund-2020; asks nation to donate generously To this effect, SBP has asked all affiliate banks to abolish Merchant Discount Rate (MDR), Merchant ID Fee, Interchange Reimbursement Fee (IRF), and on-boarding fee currently applicable on transactions directed to the relief fund. Read: COVID-19 relief measure: Balochistan waives off PKR 1,484 mn in taxes for FY 2019-20 Moreover, the central bank has notified that &#8220;likewise, withdrawal of Service Charges on Donations\/ Payments to Supreme Court of Pakistan\u2019s Diamer Bhasha and Mohmand Dam Fund through Payment Cards. It has been decided that the scope of the Circular issued previously would also cover Payments\/Donations made to the Prime Minister\u2019s as well as provincial governments\u2019 Covid19 Pandemic Relief Funds&#8221;.<\/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":[15017],"tags":[25631],"persona":[],"class_list":{"0":"post-63822","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-details-on-sbp-abolishes-service-charges-on-payment-cards-for-covid-19-donations","9":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SBP abolishes service charges on payment cards for COVID-19 donations - Zameen News<\/title>\n<meta name=\"description\" content=\"SBP has abolished its service charges on payment cards in a bid to facilitate donation disbursements to the government\u2019s recently established COVID-19 relief fund.\" \/>\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-abolishes-service-charges-payment-cards-covid-19-donations.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBP abolishes service charges on payment cards for COVID-19 donations - Zameen News\" \/>\n<meta property=\"og:description\" content=\"SBP has abolished its service charges on payment cards in a bid to facilitate donation disbursements to the government\u2019s recently established COVID-19 relief fund.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/sbp-abolishes-service-charges-payment-cards-covid-19-donations.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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