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Telegraphic Transfer Charges Incentive Scheme

Coverage of Telegraphic Transfer Charges Incentive Scheme in the Nexus archive.

Earliest in view: Jul 3 · 02:24 UTCMost recent: Jul 3 · 02:24 UTC
Co-mentioned in this coverage
State Bank of Pakistanorganization1Sohni Dharti Remittance Programmetopic1IMForganization1Pakistan Remittance Initiativetopic1Exchange Companies Association of Pakistanorganization1Malik Bostanperson1remittancestopic1
Recent coverage
  • BUSINESSJul 3 · 02:24 UTCDAWN
    Remittance incentives to banks abolished as IMF steps in

    The State Bank of Pakistan (SBP) has abolished the Sohni Dharti Remittance Programme (SDRP) and Telegraphic Transfer Charges Incentive Scheme (TTCIS), effective July 1, 2026, following IMF scrutiny. The incentives, which cost up to Rs120bn annually, were discontinued to address concerns over non-performance-linked financial allocations. Banks will continue offering free remittance transfers to users despite the scheme’s termination.