Please
refer to PSD Circular No.01 dated August 22, 2009 regarding
Payment and Settlement of Home Remittance Transactions under
Pakistan Remittance Initiative (PRI).
Keeping
in view the problems faced by banks in crediting beneficiary
accounts on the same day, particularly, for the second batch
due to time and resource constraints, the timelines for
both the batches have been revised. The revised Annexure-A
of reference circular is attached.
New
timelines will be observed from January 04, 2010. All other
instructions on the subject shall, however, remain unchanged.
Please
acknowledge the receipt.
Annexure
A