ISLAMABAD: Despite record remittances of $38.3 billion in FY25, the government has decided to reduce the reward paid to banks and exchange companies facilitating overseas inflows through official channels, the State Bank of Pakistan (SBP) informed the Senate Standing Committee on Finance on Wednesday.

SBP Deputy Governor Inayat Hussain told the committee that the reward structure — previously set at 20, 27, and 35 riyals per incremental transaction — has now been revised to a flat rate of 20 riyals across all transaction sizes. Moreover, the minimum eligible transaction threshold is being raised from $100 to $200.

Senator Saleem Mandviwalla, who chaired the meeting, noted that while remittances had doubled since the launch of the Pakistan........

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