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FOREIGN REMITTANCE INITIATIVE
Launching of Home Remittance Payments Service at Pakistan Post Office Locations in Collaboration with National Bank of Pakistan.

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Pakistan Remittance Initiative

The Govt. of Pakistan is constantly looking for new ways to make it convenient for Pakistanis living at home and abroad to receive and send money. Pakistan Post Office Department (PPOD) has recently entered in an arrangement with National Bank of Pakistan under the umbrella of Pakistan Remittance Initiative (PRI). Now Remittance Beneficiaries’ can collect their remittance payments sent from abroad using NBP Remittance Services from the Pakistan Post Office locations free of charge (for the list please click here).

Pakistan has the sixth largest diaspora population in the world, with approximately 7.6 million Pakistanis living abroad. Pakistan received over $20 billion in remittances in FY2018, representing almost 7% of the country’s GDP

Requirements for Collection of Remittance Payments

Customers/Beneficiaries can collect their foreign remittances without paying any charges from the PPOD locations by providing the following:

  • Original CNIC of the Beneficiary
  • PIN Code/Secret PIN Number
  • Expected amount of remittance payment
  • Remitter’s Name and details
Instructions for Remitters

Customers wishing to send their remittances through Pakistan Post’s selected branches can visit any of National Bank’s correspondents (list provided below) and request a cash transaction for National Bank of Pakistan. The booking agent will provide a secret code/PIN number to the remitter. The remitter has to share the PIN number with the customer and inform them about the exact amount send in Pakistani Rupees. The transactions can be sent free of charge (above US$200) and can be collected for Free from either National Bank of Pakistan or any participating Pakistan Post Office location.

 

List of Partner Exchange Houses/Banks Abroad:

Tie-Up Name

Country

Logo

Tahweel Al Rajhi – Bank Al Rajhi

KSA

Ersal Money Transfer- Al inma Bank

KSA

Enjaz – Bank Al Bilad

KSA

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Quick Pay- National Commercial Bank

KSA

A picture containing clipart  Description automatically generated

Telemoney-Arab National Bank

KSA

A picture containing clipart  Description automatically generated

FAWRI- Bank Al Jazira

KSA

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Speed Cash- SAMBA Bank

KSA

IME

Global

Xpress Money

Global

A picture containing clipart  Description automatically generated

Transfast

Global

EZ Remit (BFC Bank)

Global

A picture containing clipart  Description automatically generated

RIA Financials Services Limited*

Global

A picture containing clipart  Description automatically generated

Instant Cash

Global

UAE Exchange

UAE

A picture containing clipart  Description automatically generated

Al Fardan Exchange

UAE

A close up of a logo  Description automatically generated

Cash Express- Al Ansari Exchange

UAE

National Exchange Company (NEC)

UAE

Belhasa Global Exchange

UAE

Index Exchange

UAE

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Orient Exchange

UAE

Al Rostamani International Exchange

UAE

Al Ghurair Exchange

UAE

Universal Exchange

UAE

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Sharaf Exchange

UAE

LULU Exchange

UAE

Queen Bee Capital

Japan

PFG Forex Pty Ltd

Australia

Kuwait Bahrain Exchange

Kuwait

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Kuwait Asian International Exchange

Kuwait

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Dollarco Exchange

Kuwait

Oman Exchange

Kuwait

Al Muzaini Exchange

Kuwait

Hamdan Exchange

Oman

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Global Money Exchange

Oman

A close up of a sign  Description automatically generated

Oman UAE Exchange

Oman

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Placid Express

USA

PayPal*

USA

U Remit International

Canada

Doha Bank

Qatar

Merchantrade

Malaysia

World Remit Limited

Global

 


 


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