AIRLINK 78.39 Increased By ▲ 5.39 (7.38%)
BOP 5.34 Decreased By ▼ -0.01 (-0.19%)
CNERGY 4.33 Increased By ▲ 0.02 (0.46%)
DFML 30.87 Increased By ▲ 2.32 (8.13%)
DGKC 78.51 Increased By ▲ 4.22 (5.68%)
FCCL 20.58 Increased By ▲ 0.23 (1.13%)
FFBL 32.30 Increased By ▲ 1.40 (4.53%)
FFL 10.22 Increased By ▲ 0.16 (1.59%)
GGL 10.29 Decreased By ▼ -0.10 (-0.96%)
HBL 118.50 Increased By ▲ 2.53 (2.18%)
HUBC 135.10 Increased By ▲ 2.90 (2.19%)
HUMNL 6.87 Increased By ▲ 0.19 (2.84%)
KEL 4.17 Increased By ▲ 0.14 (3.47%)
KOSM 4.73 Increased By ▲ 0.13 (2.83%)
MLCF 38.67 Increased By ▲ 0.13 (0.34%)
OGDC 134.85 Increased By ▲ 1.00 (0.75%)
PAEL 23.40 Decreased By ▼ -0.43 (-1.8%)
PIAA 26.64 Decreased By ▼ -0.49 (-1.81%)
PIBTL 7.02 Increased By ▲ 0.26 (3.85%)
PPL 113.45 Increased By ▲ 0.65 (0.58%)
PRL 27.73 Decreased By ▼ -0.43 (-1.53%)
PTC 14.60 Decreased By ▼ -0.29 (-1.95%)
SEARL 56.50 Increased By ▲ 0.08 (0.14%)
SNGP 66.30 Increased By ▲ 0.50 (0.76%)
SSGC 10.94 Decreased By ▼ -0.07 (-0.64%)
TELE 9.15 Increased By ▲ 0.13 (1.44%)
TPLP 11.67 Decreased By ▼ -0.23 (-1.93%)
TRG 71.43 Increased By ▲ 2.33 (3.37%)
UNITY 24.51 Increased By ▲ 0.80 (3.37%)
WTL 1.33 No Change ▼ 0.00 (0%)
BR100 7,493 Increased By 58.6 (0.79%)
BR30 24,558 Increased By 338.4 (1.4%)
KSE100 72,052 Increased By 692.5 (0.97%)
KSE30 23,808 Increased By 241 (1.02%)

KARACHI: The State Bank of Pakistan (SBP) has announced the launch of Diamond Category in the Sohni Dharti Remittance Programme to enhance inflows.

Effective from September 22, 2023, a new ‘Diamond’ category has been added in the Sohni Dharti Remittance Programme (SDRP). The new category is in addition to existing three categories namely, ‘Green’, ‘Gold’ and ‘Platinum’.

According to SBP, the then Finance Minister Ishaq Dar in his budget speech for FY24 had announced the addition of Diamond category with enhanced reward points and provision of other benefits like arms licence of non-prohibited bore, preferential treatment at Pakistan embassies/airports and gratis passport to the Diamond Category holders.

Remittance schemes: Rs20bn out of Rs80bn allocation released to SBP: minister

SDRP is a point-based loyalty programme in which remitters accumulate reward points by sending remittances through formal channels (SBP regulated entities).

Reward points can be redeemed by remitter and their beneficiary for availing free of cost products and services i.e. Emigrant Registration fee at Bureau of Emigration & Overseas Employment; duty payment of imported mobile sets and vehicles to Federal Board of Revenue; School fee by Overseas Pakistanis Foundation (OPF); and renewal fee of passports at Directorate General of Immigration & Passports.

Moreover, benefits on redeeming reward points can also be availed on international air tickets and extra luggage charges by Pakistan International Airlines; life insurance/takaful premium payment at State Life Insurance Corporation; and purchases made at Utility Stores Corporation of Pakistan.

Copyright Business Recorder, 2023

Comments

Comments are closed.

Ghareeb Awam Sep 24, 2023 07:15am
These are the meanest steps one can imagine. We shall never learn, never.
thumb_up Recommended (0)
Ahmad Sep 24, 2023 10:59am
@Ghareeb Awam, how so ? Can you please elaborate with technical verbosity , on the 'empirical' inference you've deduced from your discernment, that how in the world it is mean rather than giving off nothing and letting them supply money to the hundi hawala holders ?
thumb_up Recommended (0)
Ch K A Nye Sep 25, 2023 09:53am
@Ahmad, ALL these reward point benefits can easily be bought with the extra funds generated by remitting through hawala/hundi. These so called benefits are worthless gimmicks.
thumb_up Recommended (0)