{
  "id": 9888947,
  "title": "Rs16bn bank-funded remittance reward scheme unveiled",
  "url": "https://urgent.news/2026/09/25/rs16bn-bank-funded-remittance-reward-scheme-unveiled-9888947",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-25T23:59:12.000Z",
  "source": {
    "name": "Dawn Business",
    "slug": "dawn-business",
    "url": "https://www.dawn.com/news/2032695/rs16bn-bank-funded-remittance-reward-scheme-unveiled"
  },
  "original_language": "en",
  "account": "State Bank Governor Jameel Ahmad inaugurated the Pasban Remittance Reward Scheme, a Rs16bn initiative from the banking sector to reward recipients of formal home remittances. The quarterly draws will award prizes totaling Rs4bn, with over 10,000 winners annually. Each draw offers a top prize of Rs100m, twenty Rs25m prizes, one hundred Rs10m prizes, and two thousand four hundred Rs1m prizes. To qualify, beneficiaries must receive at least $100 in remittances in each of three months within a quarter. The inaugural draw is set for Jan 15, 2027, for remittances received between Oct 1 and Dec 31, 2026. The scheme aims to encourage formal remittance channels, benefiting Pakistan's economy and families.",
  "summary": "• Rs4bn to be distributed among 2,521 winners in each quarterly draw • Each raffle to award Rs100m top prize; twenty Rs25m, 100 Rs10m and 2,400 Rs1m prizes • Beneficiaries receiving at least $100 in each of three months qualify automatically • First draw on Jan 15 next year for remittances received from Oct 1 to Dec 31 • Cash-over-counter, RDA remittances excluded from scheme KARACHI: State Bank…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Dawn",
        "title": "Rs16bn bank-funded remittance reward scheme unveiled",
        "url": "https://urgent.news/2026/09/25/rs16bn-bank-funded-remittance-reward-scheme-unveiled",
        "published": "2026-09-25T23:59:12.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}