• Login
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion
No Result
View All Result
Time of Pakistan
No Result
View All Result
Home Business Banking & Finance

Finance Ministry to Release Rs 5 bln to private banks: Dar

ToP by ToP
November 18, 2013
in Banking & Finance, Featured
0
Finance Ministry Ishaq Dar
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Finance Ministry Ishaq DarFederal Finance Minister Senator Ishaq Dar on Sunday presided over a high level meeting at the State Bank of Pakistan (SBP) here to review the progress on measures taken to increase remittances to the country.

The meeting was attended by SBP Governor Yaseen Anwar, chief  executives of private banks and senior officials of Ministry of Finance, said a statement issued here. The Finance Minister directed the SBP to release a sum of Rs 5 billion to private banks in lieu of remittance charges due to them. This amount, the Finance Minister said, would be reimbursed  by the  Ministry of Finance by Monday  positively.

Ishaq Dar expressed  satisfaction over the increase in remittances  by Pakistanis working abroad. He said that the Pakistan Remittance Initiative (PRI) should redouble its efforts so that the remittances exceed the target set by the government. The Finance Minister expressed the confidence that with the release of  Rs 5 billion to private banks, they would be able to continue providing  free of charge services to Pakistanis for sending money to their loved ones at home. The Government of Pakistan, he said, would continue to bear service charges involved in transfer of money by Pakistanis working abroad.

This would also ensure that they transmit their money through banking channel which helps in increasing the foreign exchange reserves of the country. The Finance Minister also directed the SBP Governor to come up with  new products to increase remittances and their prompt and reliable transfer to Pakistan. -App

Previous Post

Colombo Conundrum

Next Post

Search Engines to Block Abuse Images

ToP

ToP

Related Posts

Entertainment

Hareem Shah reveals why Sheikh Rasheed never married

by Jameel Ahmad
April 12, 2021
COVID-19: Pakistan, World Bank in Talks for $200 Million Loan
Banking & Finance

COVID-19: Pakistan, World Bank in Talks for $200 Million Loan

by Jameel Ahmad
March 18, 2020
‘Biggest-Ever’ Fraud Detected in National Savings Schemes
Banking & Finance

‘Biggest-Ever’ Fraud Detected in National Savings Schemes

by Jameel Ahmad
November 5, 2018
Bank Alfalah Posts Impressive Results for the Half Year
Banking & Finance

Bank Alfalah Posts Impressive Results for the Half Year

by Jameel Ahmad
August 28, 2018
Top 10 Animals That Are At The verge Of Extinction
Featured

Top 10 Animals That Are At The verge Of Extinction

by Jameel Ahmad
July 1, 2017
10 Fastest Cars In The World
Featured

10 Fastest Cars In The World

by Jameel Ahmad
April 1, 2017
10 Deadly Fireworks Disasters Ever
Featured

10 Deadly Fireworks Disasters Ever

by Jameel Ahmad
June 11, 2016
Next Post
Google images

Search Engines to Block Abuse Images

Popular Stories

  • Welcome to Ghas Mandi: Asia’s largest gambling den

    Welcome to Ghas Mandi: Asia’s largest gambling den

    0 shares
    Share 0 Tweet 0
  • Bodybuilding Champion Found Happiness in God, not Competition

    0 shares
    Share 0 Tweet 0
Time of Pakistan

About Times Of Pakistan

kralbetbetturkeyikimislibahis1xbetm.infohipas.infohttps://www.wiibet.com/restbetcdn.com

Other Categories

  • Beautiful Pakistan
  • Fashion News
  • Funny News
  • Viral Videos
  • Weird News

Recent Posts

  • 11th J.A. Zaman Memorial Open – Powered by Gem Golfers
  • Imran Khan and Bushra Bibi Sentenced to Jail in £190 Million Case
  • World’s Largest Submarine Cable Arrives in Pakistan: Could This End Internet Woes?

Times Of Pakistan © 2024. Design & Developed by E2E Solution Providers.

No Result
View All Result
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In