ISLAMABAD: The federal government is preparing to withdraw several incentives previously offered to overseas Pakistanis for sending remittances through official channels, according to sources cited by Business Recorder.
During a briefing to the Economic Coordination Committee (ECC) on June 27, 2025, the Finance Division highlighted that five remittance incentive initiatives are currently being implemented by the State Bank of Pakistan (SBP) and the Pakistan Remittance Initiative (PRI).
Among these, the TT Charges Scheme is the government’s primary program, which ensures zero-cost remittance transfers for both senders and recipients on eligible transactions. Under the incentive structure approved by the ECC in August 2024, the scheme currently offers a reimbursement of 20 Saudi Riyals for every remittance transaction of $100 or more. Additionally, it provides an extra SAR 8 per transaction for growth of up to 10% or $100 million (whichever is lower) over the previous year. A further SAR 7 per transaction is offered for remittance growth beyond that threshold.
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