The Presidents / Chief Executive Officers
All Banks

Dear Sirs / Madam,

Payment and Settlement of Home Remittance Transactions under Pakistan Remittance Initiative (PRI)

Please refer to PSD Circular No. 02 dated August 22, 2009 on the above subject. After the successful implementation of Payment Systems Architecture for Home Remittances Transactions among five banks (ABL, HBL, MCB, NBP and UBL), the following banks have been added as participants in this mechanism. Bank names and their respective bank codes are provided below.

Other banks in process of online inward home remittances may let us know their expected timeframe, with the approval of PRI camp Office (EPD), for making necessary arrangements. All other instructions on the subject shall, however, remain unchanged. The participating banks are required to ensure meticulous compliance. For any query, please contact PRI Camp Office/Payment System Department, SBP, Karachi.

Please acknowledge the receipt.