Tag: incentives for banks

NEW INCENTIVES UNVEILED TO BOOST GLOBAL REMITTANCES

ISLAMABAD: To promote increased remittance inflows through official banking channels, the State Bank of Pakistan (SBP) has suggested performance-based incentives for banks and exchange companies. The deputy governor of SBP stated that the existing incentives, which are transaction-based, need to be changed to place a greater emphasis on performance during a recent meeting of the […]