pakistan
Pakistan ends ‘Sohni Dharti Remittance Scheme’
Key takeaways
- Add ARY News on Google AAResize The State Bank of Pakistan (SBP) has discontinued the ‘Sohni Dharti Remittance Scheme’, bringing to an end a program that had been in operation for more than four and a half years.
- The SBP has issued a circular to banks and exchange companies across Pakistan, notifying them of the scheme’s termination.
- Speaking on the development, Malik Bostan said the program should not have been discontinued, as he believes it was a valuable incentive for overseas Pakistanis.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize The State Bank of Pakistan (SBP) has discontinued the ‘Sohni Dharti Remittance Scheme’, bringing to an end a program that had been in operation for more than four and a half years.
The SBP has issued a circular to banks and exchange companies across Pakistan, notifying them of the scheme’s termination.
The Chairman of the Exchange Companies Association of Pakistan, Malik Bostan, has expressed concern over the decision to terminate the Sohni Dharti remittance scheme, claiming that the scheme was withdrawn under pressure from the International Monetary Fund (IMF).
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