ISLAMABAD: State Bank of Pakistan launches new incentive scheme for thefreelancers across the country.
In order to broaden the scope of business to customer transactions throughhome remittance channel, the State Bank of Pakistan has enhanced paymentlimits against freelance services from US$ 1500 per individual per month toUS$ 5000 per individual per month.
The enhancement is mainly aimed at further facilitating freelancers byallowing them to route their funds through the economical and efficientchannel of home remittances rather than keeping their funds with variousonline money transfer companies.
It would also help in diverting foreign exchange flows from informal toformal channels.
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Moreover, the transaction limit for pension receipts has been revised toUS$ 2500 per individual per month.
