Please refer to State Bank of Pakistan’s FD Circular Letter No. 3 and 5 dated August 05 and August 24, 2022, respectively regarding Prime Minister Relief fund, 2022 to collect funds for helping our fellow citizens devastated by ongoing rains and floods across the country.
2. In this regard, it has been decided that all issuing and acquiring banks/microfinance banks/payment schemes operating in Pakistan shall not charge any transaction related charges like Interchange Reimbursement Fee (IRF), Merchant Discount Rate (MDR), Merchant ID Fee, Scheme Fee, Inter Bank Fund Transfer (IBFT) Fee, or any other payment related fee that may be applicable on transactions made for donations / payments to Prime Minister Relief Fund 2022.
3. The issuing and acquiring banks/microfinance banks/payment schemes are advised to meticulously comply with these instructions.
4. Please acknowledge receipt of this Circular Letter via an email to [email protected].