26/10/2026
The State Bank of Pakistan Launches Pasban Remittance Reward Scheme with Rs16 Billion in Annual Cash Prizes
Governor State Bank of Pakistan has inaugurated the Pasban Remittance Reward Scheme offers Rs16 billion in annual cash prizes to recognize and reward remittance customers using banking channels for home remittances sent to Pakistan. The scheme is funded entirely by the banking industry and does not entail any burden on the national exchequer. It encourages overseas Pakistanis to use formal banking channels for sending remittances to their families and loved ones in Pakistan.
Workers’ remittances are the backbone of millions of families across Pakistan. They help meet household expenditures, support education and healthcare, and provide resources for investment and economic opportunity.
The Governor appreciated the contributions of overseas Pakistanis and highlighted the exceptional performance of workers’ remittances, which reached a record US$41.6 billion in FY26, compared with US$21.7 billion in FY19, nearly doubling over the period.
The Government and the SBP have undertaken a range of policy and reform measures to support this turnaround. The Government has introduced Home Remittance Incentive Schemes over the years to encourage the use of formal channels. These schemes helped develop the market, brought more financial institutions into the ecosystem, expanded Pakistan’s domestic and global reach, and strengthened the infrastructure needed to process growing volumes of remittances. The initiative would help maintain the attractiveness of formal channels while recognizing the important contribution of overseas Pakistanis to Pakistan’s economy. The Governor also appreciated the Pakistan Banks Association and the banking industry for their partnership in developing and launching the scheme.
The draw results will be announced publicly on the following dedicated webpage of the Scheme, and on the websites and official social media handles of banks and PBA:
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