The Presidents/Chief Executives (Banks/DFIs),All Banks.

Dear Sirs/Madam,

SBP REMITTANCE FACILITY TO BANKS

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. 1,000/- per transaction for each fund transfer instruction with immediate effect.

All other instructions on the subject shall, however, remain unchanged.

Please acknowledge receipt.