PSD
Circular No 01/2012 |
April 10, 2012 |
The Presidents/Chief Executives (Banks/DFIs),
All Banks.
Dear Sirs/Madam,
SBP REMITTANCE FACILITY TO BANKS
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Please refer to Finance Department Circular No. 04 of 2007 dated December 18, 2007 whereby SBP levied a uniform rate of 0.07% on all funds transfers/remittances under Remittance Facility to banks.
This matter has been reviewed and it has been decided to charge a flat fee of Rs.1000/- per transaction for each fund transfer instruction with immediate effect.
All other instructions on the subject shall, however, remain unchanged.
Please acknowledge receipt.
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Yours faithfully,
Sd/-
(Zafar Iqbal)
Director
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