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State Bank of Pakistan revises fee on funds transfers

Karachi: The State Bank of Pakistan (SBP) has revised the fee on funds transfers/ remittances under the Remittance Facility to banks.

It has been decided to charge a flat fee of Rs.1000/- per transaction for each fund transfer instruction with immediate effect, says PSD Circular No. 01/ 2012, issued to all banks/DFIs.

It may be added here that according to earlier instructions, the SBP had levied a uniform rate of 0.07% on all funds transfers/remittances under the Remittance Facility to banks.

For more information, contact:
Syed Wasimuddin
Chief Spokesman
State Bank of Pakistan (SBP)
Tel: +9221 3921 2562
Fax: +9221 3921 2563
Email: syed.wasimuddin@sbp.org.pk

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