State Bank of Pakistan launches Pasban Remittance Reward Scheme with Rs16 billion in prizes
The State Bank of Pakistan and the Pakistan Banks Association launched the Pasban Remittance Reward Scheme in Karachi on Friday.
Scheme funding and structure
The initiative is fully funded by the banking industry without any burden on the national exchequer. It offers Rs16 billion in annual cash prizes to reward customers using formal banking channels for home remittances.
Eligibility and prize details
A beneficiary account receiving at least USD 100 monthly for three consecutive months qualifies for a quarterly draw. The first quarter will feature 2,521 prizes totaling Rs4 billion with a top award of Rs100 million.
Launch timeline and goals
The scheme becomes effective on October 1, 2026, with the first draw scheduled for January 15, 2027. Officials aim to encourage overseas Pakistanis to send money through formal banking channels rather than informal routes.
All 2 outlets report consistently
No differences in figures, names or dates across these reports.
- Associated Press of Pakistan
- Business Recorder
Reported by
2 independent outlets. Headlines as published. Links open the original report.