CW Pakistan
  • Legacy
    • Legacy Editorial
    • Editor’s Note
  • Academy
  • Wired
  • Cellcos
  • PayTech
  • Business
  • Ignite
  • Digital Pakistan
  • DFDI
  • PSEB
  • PASHA
  • TechAdvisor
  • GamePro
  • Partnerships
  • PCWorld
  • Macworld
  • Infoworld
  • TechHive
  • TechAdvisor
0
0
0
0
0
Subscribe
CW Pakistan
CW Pakistan CW Pakistan
  • Legacy
    • Legacy Editorial
    • Editor’s Note
  • Academy
  • Wired
  • Cellcos
  • PayTech
  • Business
  • Ignite
  • Digital Pakistan
  • DFDI
  • PSEB
  • PASHA
  • TechAdvisor
  • GamePro
  • Partnerships
  • Computerworld

The SBP will release a mobile app to encourage remittance transactions.

  • August 25, 2021
Total
0
Shares
0
0
0
Share
Tweet
Share
Share
Share
Share

Shaukat Tarin, the Federal Minister of Finance and Revenue, presided over today’s meeting of the Cabinet’s Economic Coordination Committee (ECC).

The State Bank of Pakistan (SBP) would create a mobile application, NRLP, named after the National Remittance Loyalty Program, to sustain the positive trajectory of remittances, according to the meeting (NRLP).

According to pre-set parameters, the app will offer incentives/rewards to abroad Pakistanis for each remittance transaction.

Towards the end of October 2021, the application will be formally launched.

Before the Committee, the Secretary of Finance gave a detailed presentation on the National Remittance Loyalty Program (NRLP). He claimed that remittances are the economy’s backbone. The government and the State Bank of Pakistan (SBP) have taken strong policy measures to encourage abroad Pakistanis to send their hard-earned money through legitimate channels. This helped the country reach a new high of $29.4 billion in remittances in the previous fiscal year. It’s a strong indication of foreign Pakistanis’ faith in the country’s economy.

After careful consideration, the ECC approved the structure and calculated the NRLP’s financial impact in order to encourage reinvestment.

The ECC authorised the framework and calculated the financial impact of the NRLP after careful consideration in order to encourage remitters to transfer monies through formal channels, thereby bolstering the inflow of remittances.

Before the introduction, the Finance Minister directed that due diligence be conducted to ensure seamless integration with all service providers.

Sheikh Rasheed Ahmed, Federal Minister of the Interior, and Sheikh Rasheed Ahmed, Federal Minister of Privatization, Federal Ministers of Energy Muhammad Mian Soomro and Hammad Azhar, Federal Ministers of Planning and Development The meeting was attended by Asad Umar, PM’s Commerce Advisor, Abdul Razak Dawood, PM’s Institutional Reforms and Austerity Advisor, Dr. Ishrat Hussain, SAPM on Power & Petroleum, Tabish Gauhar, SAPM on Finance and Revenue, Dr. Waqar Masood, Federal Secretaries, and other senior authorities.

 

 

Source: propakistani.pk

Share
Tweet
Share
Share
Share
Related Topics
  • Economic Coordination Committee (ECC)
  • Finance Minister
  • NRLP
  • State Bank of Pakistan (SBP)
Previous Article
  • Computerworld

Aspects of digitization that are related to gender

  • August 25, 2021
Read More
Next Article
  • Computerworld

With Stacks, you can learn about the world of blockchain. XPLORE 1.0 from Pakistan

  • August 25, 2021
Read More
You May Also Like
Read More
  • Computerworld
  • Wired

 FBR Annual Report Exposes Discrepancies in Taxpayer Data for FY 2022-23

  • Press Desk
  • January 6, 2024
Read More
  • Computerworld
  • Wired

Punjab CM Launches E-Registry with 221000 Digital Registries

  • Press Desk
  • January 6, 2024
Read More
  • Computerworld

SEED Ventures Launches Impact Link  Program With Scottish Government

  • Press Desk
  • December 20, 2023
Read More
  • Computerworld
  • DEMO PAKISTAN
  • Ignite

5 students have been chosen for Japanese scholarships.

  • Press Desk
  • April 15, 2022
Read More
  • Computerworld
  • Ignite

The economy is booming: Bags from Pakistan Top ten rankings in terms of improving the business climate

  • Press Desk
  • April 15, 2022
Read More
  • Computerworld
  • DEMO PAKISTAN
  • Ignite

Shafqat Mahmood, Minister of Education, Launches IBCC E-Portal And Mobile App For Education Sector

  • Press Desk
  • April 15, 2022
Read More
  • Computerworld
  • DEMO PAKISTAN
  • Ignite
  • Technology

Shibli Faraz reports on PSQCA’s plans to launch an automated system to speed up the standardisation process.

  • Press Desk
  • April 15, 2022
Read More
  • Computerworld
  • DEMO PAKISTAN
  • Ignite
  • Technology

Teachers in Punjab now have access to an electronic transfer system.

  • Press Desk
  • April 15, 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trending Posts
  • CTRL+ALT+REVOLUTION: 30 Year Tech Retrospective
    • May 20, 2025
  • Pakistan National Assembly’s E-Office System Still Non-Operational After 10 Years
    • May 20, 2025
  • PPRA Trains 10,000+ Professionals in E-Procurement and Digital Public Procurement Systems
    • May 20, 2025
  • Innovista Partners with National CERT Under Cyber Innovation Ecosystem to Boost Pakistan’s Cybersecurity
    • May 20, 2025
  • Pakistan Software Export Board Reaches 20,711 Registered IT Companies as Sector Expands
    • May 20, 2025
about
CWPK Legacy
Launched in 1967 internationally, ComputerWorld is the oldest tech magazine/media property in the world. In Pakistan, ComputerWorld was launched in 1995. Initially providing news to IT executives only, once CIO Pakistan, its sister brand from the same family, was launched and took over the enterprise reporting domain in Pakistan, CWPK has emerged as a holistic technology media platform reporting everything tech in the country. It remains the oldest continuous IT publishing brand in the country and in 2025 is set to turn 30 years old, which will be its biggest benchmark and a legacy it hopes to continue for years to come. CWPK is part of the SPIN/IDG Wakhan media umbrella.
Read more
Explore Computerworld Sites Globally
  • computerworld.es
  • computerworld.com.pt
  • computerworld.com
  • cw.no
  • computerworldmexico.com.mx
  • computerwoche.de
  • computersweden.idg.se
  • computerworld.hu
Content from other IDG brands
  • PCWorld
  • Macworld
  • Infoworld
  • TechHive
  • TechAdvisor
CW Pakistan CW Pakistan
  • CWPK
  • CXO
  • DEMO
  • WALLET

CW Media & all its sub-brands are copyrighted to SPIN-IDG Wakhan Media Inc., the publishing arm of NCC-RP Group. This site is designed by Crunch Collective. ©️1995-2025. Read Privacy Policy.

Input your search keywords and press Enter.