Remittance incentives to banks abolished as IMF steps in

• No reward points under SDRP KARACHI: The State Bank has abolished the incentives paid to banks for increasing remittances, after the amount grew to a level that came under the IMF’s radar. The SBP issued a circular on Thursday announcing that the Sohni Dharti Remittance Programme (SDRP) had been discontinued. “No further reward points under SDRP will be awarded from the start of FY27, from July 1, 2026,” the SBP said. Accordingly, eligible transactions processed up to June 30, 2026, will ...

By none@none.com (Shahid Iqbal)