Senate committee discusses remittance scheme changes and potential fees
Most outlets reported on the Senate Standing Committee's discussion regarding the discontinuation of the Pakistan Remittance Initiative (PRI) scheme and its implications for remittance inflows. Daily Pakistan highlighted the potential for overseas Pakistanis to face remittance fees, while Business Recorder focused on the financial aspect, noting that banks may remit USD 800 million to money transfer operators abroad. The framing varied slightly, with one emphasizing the impact on individuals and the other on the institutional financial adjustments.
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Senate body informed: Banks may remit USD800m to money transfer operators
ISLAMABAD: Pakistani Banks are likely to remit around USD 800 million to money transfer operators abroad to facilitate remittance inflows, following the discontinuation of the Pakistan Remittance Initiative (PRI) scheme by the government. This was revealed by Senator Saleem Mandviwalla, while chairing a meeting of the Senate Standing Committee on Finance and Revenue, here on Tuesday. Mandviwall...
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Overseas Pakistanis may face remittance fees as govt ends financial scheme
ISLAMABAD – Important revelations have emerged during a meeting of the Senate Standing Committee regarding the system for receiving remittances sent to Pakistan from abroad. The committee was informed that Pakistani banks pay around $800 million annually to overseas banks for receiving remittances. Senator Saleem Mandviwalla said local banks have to pay hefty charges to […] The post Overseas Pa...
2 articles from 2 outlets, 25 Aug–26 Aug 2026. Headlines and links belong to their outlets — HarZaviya links out and never copies article text. What does % identical mean?