Seminar On Pakistan Remittance Market | GIFT University

Seminar On Pakistan Remittance Market

A seminar was jointly conducted by State Bank of Pakistan (SBP) and Dollar East Exchange Company on December 08, 2016, at Seminar Hall, GIFT University. The speaker, Mr. Moin ud Din, Head – PRI, State Bank of Pakistan, highlighted the developments in formal channels with respect to home remittances, while dissuading the illegal channels of money transfer.

Pakistan Remittance Initiative (PRI) was jointly launched by SBP, Ministry of Finance, and Ministry of Overseas Pakistanis in 2009 to create an ownership structure for remittances in the country. Since its inception, PRI took various measures that helped achieve the highest annual average growth or highest compound annual average growth rate amongst the top 20 remittance recipient countries during 2009 –2016.

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