{"id":64205,"date":"2020-04-17T10:14:00","date_gmt":"2020-04-17T05:14:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=64205"},"modified":"2020-04-16T18:18:57","modified_gmt":"2020-04-16T13:18:57","slug":"sbp-raises-fees-remittances-exchange-banks","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/sbp-raises-fees-remittances-exchange-banks.html","title":{"rendered":"SBP raises fees on remittances for exchanges, banks"},"content":{"rendered":"\n<p>Karachi: The State Bank of Pakistan (SBP) has raised the charges for remittances transferred through domestic\/international commercial banks and currency exchanges \u2013 in a bid to shore up the country&#8217;s cash inflows through legal channels, a news source reported. <\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/govt-exempts-foreign-remittances-withholding-tax.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Govt exempts foreign remittances from withholding tax (opens in a new tab)\">Govt exempts foreign remittances from withholding tax<\/a><\/p>\n\n\n\n<p>According to details, the government has doubled the funds transfer fee to SAR 20 (approximately USD 5) for international fund transfer firms \u2013 on a transaction between USD 100-200 to Pakistan. Previously the charges were paid on a minimum amount of USD 200 \u2013 now reduced to USD 100. <\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/measures-boosting-remittances-official-banking-channels-approved.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Measures for boosting remittances via official banking channels approved (opens in a new tab)\">Measures for boosting remittances via official banking channels approved<\/a><\/p>\n\n\n\n<p>The move is expected to have a dual effect of incentivising overseas Pakistanis to send money home \u2013 even if it\u2019s a smaller amount \u2013 through legal means. Pakistan has attracted remittances worth PKR 17 billion for the first 9 months of current fiscal year. As per reports, an additional amount, estimated at USD 7-8 billion, is also sent illegally through hundi\/hawala annually.\u00a0 <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The State Bank of Pakistan (SBP) has raised the charges for remittances transferred through domestic\/international commercial banks and currency exchanges \u2013 in a bid to shore up the country&#8217;s cash inflows through legal channels, a news source reported. Read: Govt exempts foreign remittances from withholding tax According to details, the government has doubled the funds transfer fee to SAR 20 (approximately USD 5) for international fund transfer firms \u2013 on a transaction between USD 100-200 to Pakistan. Previously the charges were paid on a minimum amount of USD 200 \u2013 now reduced to USD 100. Read: Measures for boosting remittances via official banking channels approved The move is expected to have a dual effect of incentivising overseas Pakistanis to send money home \u2013 even if it\u2019s a smaller amount \u2013 through legal means. Pakistan has attracted remittances worth PKR 17 billion for the first 9 months of current fiscal year. As per reports, an additional amount, estimated at USD 7-8 billion, is also sent illegally through hundi\/hawala annually.\u00a0<\/p>\n","protected":false},"author":57,"featured_media":60606,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[4669,26538],"persona":[],"class_list":{"0":"post-64205","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-banks","9":"tag-sbp-raises-fees-on-remittances-for-exchanges","10":"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 raises fees on remittances for exchanges, banks - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: The State Bank of Pakistan (SBP) has raised the charges for remittances transferred through domestic\/international commercial banks and currency\" \/>\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-raises-fees-remittances-exchange-banks.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBP raises fees on remittances for exchanges, banks - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: The State Bank of Pakistan (SBP) has raised the charges for remittances transferred through domestic\/international commercial banks and currency\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/sbp-raises-fees-remittances-exchange-banks.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-17T05:14:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/SBP.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Muhammad Farhad\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Muhammad Farhad\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SBP raises fees on remittances for exchanges, banks - Zameen News","description":"Karachi: The State Bank of Pakistan (SBP) has raised the charges for remittances transferred through domestic\/international commercial banks and currency","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/sbp-raises-fees-remittances-exchange-banks.html","og_locale":"en_US","og_type":"article","og_title":"SBP raises fees on remittances for exchanges, banks - Zameen News","og_description":"Karachi: The State Bank of Pakistan (SBP) has raised the charges for remittances transferred through domestic\/international commercial banks and currency","og_url":"https:\/\/www.zameen.com\/news\/sbp-raises-fees-remittances-exchange-banks.html","og_site_name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_published_time":"2020-04-17T05:14:00+00:00","og_image":[{"width":1170,"height":400,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/SBP.jpg","type":"image\/jpeg"}],"author":"Muhammad Farhad","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Muhammad Farhad","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/sbp-raises-fees-remittances-exchange-banks.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/sbp-raises-fees-remittances-exchange-banks.html"},"author":{"name":"Muhammad Farhad","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/9fc1132e74cdd346f201633b8d1cebc9"},"headline":"SBP raises fees on remittances for exchanges, banks","datePublished":"2020-04-17T05:14:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/sbp-raises-fees-remittances-exchange-banks.html"},"wordCount":170,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/sbp-raises-fees-remittances-exchange-banks.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/SBP.jpg","keywords":["banks","SBP raises fees on remittances for exchanges"],"articleSection":["Notices &amp; Announcements"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/sbp-raises-fees-remittances-exchange-banks.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/sbp-raises-fees-remittances-exchange-banks.html","url":"https:\/\/www.zameen.com\/news\/sbp-raises-fees-remittances-exchange-banks.html","name":"SBP raises fees on remittances for exchanges, banks - Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/sbp-raises-fees-remittances-exchange-banks.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/sbp-raises-fees-remittances-exchange-banks.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/SBP.jpg","datePublished":"2020-04-17T05:14:00+00:00","description":"Karachi: The State Bank of Pakistan (SBP) has raised the charges for remittances transferred through domestic\/international commercial banks and currency","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/sbp-raises-fees-remittances-exchange-banks.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/sbp-raises-fees-remittances-exchange-banks.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/sbp-raises-fees-remittances-exchange-banks.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/SBP.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/SBP.jpg","width":1170,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/sbp-raises-fees-remittances-exchange-banks.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"SBP raises fees on remittances for exchanges, banks"}]},{"@type":"WebSite","@id":"https:\/\/www.zameen.com\/news\/#website","url":"https:\/\/www.zameen.com\/news\/","name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","description":"","publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zameen.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.zameen.com\/news\/#organization","name":"Zameen.com","alternateName":"Zameen","url":"https:\/\/www.zameen.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","width":600,"height":300,"caption":"Zameen.com"},"image":{"@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ZameenPK","https:\/\/x.com\/ZameenProperty","https:\/\/www.instagram.com\/zameenpk\/"]},{"@type":"Person","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/9fc1132e74cdd346f201633b8d1cebc9","name":"Muhammad Farhad","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/13eadb15a0125b6648e56703aaf7543058fea376b06a73209cde68f09b9b093d?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/13eadb15a0125b6648e56703aaf7543058fea376b06a73209cde68f09b9b093d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/13eadb15a0125b6648e56703aaf7543058fea376b06a73209cde68f09b9b093d?s=96&d=mm&r=g","caption":"Muhammad Farhad"},"description":"Muhammad Farhad is a Content Developer at Zameen.com.","url":"https:\/\/www.zameen.com\/news\/author\/farhad-hassan"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/64205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/comments?post=64205"}],"version-history":[{"count":1,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/64205\/revisions"}],"predecessor-version":[{"id":64207,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/64205\/revisions\/64207"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/60606"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=64205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=64205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=64205"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=64205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}