Pakistan, UK firms join hands to offer digital remittance services

At a time when remittances to Pakistan slow down, a leading mobile financial services company has partnered with a global digital money transfer firm to attract 5% of total remittance flow to the country. Announcing the formal launch of digital remittance services, in partnership with UK-based WorldRemit, Mobilink International Remittance …

APBF suggests incentives for overseas Pakistanis

Lahore: As the remittances have registered a decline of more than 36 percent, the All Pakistan Business Forum (APBF) has suggested the government to announce incentives for oversees Pakistanis so that the drop in foreign remittances could be controlled, besides boosting investment in the country by Pakistani expatriates. APBF president …

OPC Punjab offers low-risk investment opportunities

Commissioner Overseas Pakistanis Commission (OPC) Punjab Afzaal Bhatti has said that Punjab Province offers most lucrative and low-risk opportunities for investors specially in the field of energy, agriculture, livestock & dairy development, mines & minerals, tourism and infrastructure. According to the spokesperson of the OPC during a meeting with Ambassador …

Overseas remittances ‘WHT on bank transactions may encourage hundi system’

Pakistan Businessmen and Intellectuals Forum’s (PBIF) president Mian Zahid Hussain has apprehended that many overseas Pakistanis might prefer using hundi system over legal banking channels in the wake of withholding tax (WHT) imposed on bank transactions. In a statement issued on Monday, the PBIF chief said that though the government …

Inauguration of MCB branch in Dubai

Finance Minister Ishaq Dar has inaugurated a branch of MCB Bank in Dubai heralding its first wholesale banking operations in the United Arab Emirates (UAE). The inaugural ceremony was attended by Sheikh Nahyan Mubarak al Nahyan, Deputy Governor State Bank of Pakistan Riaz Riazuddin, UAE Central Bank officials and a …

Pakistan’s first ‘International Remittance Doorstep Delivery’ Service

 Pakistan’s first and largest branchless banking service and a joint venture between Tameer Micro Finance Bank and Telenor Pakistan, Easypaisa has collaborated with the International Remittance partner Xpress Money to launch Pakistan’s first international remittance doorstep delivery service for its customers.   The Easypaisa International Home Transfer facility provides the safety …