SBP & PBA Launch Rs 16 billion Pasban Remittance Rewards Scheme
Governor State Bank of Pakistan, Mr. Jameel Ahmad, has officially inaugurated a self-sustaining, market-based initiative offering substantial annual cash prizes to families receiving remittances through formal channels
Introduced under the auspices of the Pakistan Banks Association (PBA), the "Pasban Remittance Rewards Scheme" distributes 16 billion PKR (approximately 212 million AED) annually to overseas Pakistanis and their families. The scheme is funded entirely by Pakistan's banking industry, building on their ~100 billion PKR annual commitment to support the external sector, and places zero burden on the national exchequer.
Remittances remain a crucial economic pillar for Pakistan, supporting millions of families with household expenses, healthcare, and education. Highlighting the macroeconomic impact, Governor Ahmad noted that workers' remittances reached a record US$41.6 billion in FY26, which has been instrumental in rebuilding the nation's foreign exchange (FX) reserves to US$21.4 billion.
Quarterly Prize Structure
The prize structure operates on a quarterly basis, with a total of 4 billion PKR distributed in each fully digital and auditable draw.
| Prize Tier | Amount per Winner | Total Winners per Quarter |
|---|---|---|
| First Prize | 100 Million PKR | 1 |
| Second Prize | 25 Million PKR | 20 |
| Third Prize | 10 Million PKR | 100 |
| Fourth Prize | 1 Million PKR | 2,400 |
| Total Winners Per Quarter: | 2,521 (Over 10,000 annually) | |
Eligibility & Entry Rules
To qualify, beneficiaries must receive their remittances through formal banking channels directly into a bank account or wallet in Pakistan.
- Minimum Requirement: Receive a minimum of $100 USD (or equivalent) for three consecutive months within a single quarter (e.g., $100 in October, $100 in November, $100 in December).
- Proportional Entries: The system rewards higher amounts by granting additional digital entry tickets. For example, receiving $100 in month one, $200 in month two, and $300 in month three yields six total entries.
- Exclusions: Over-the-counter cash collections, Roshan Digital Account (RDA) inflows, and remittances sent to foreign currency accounts are explicitly excluded.
Zero Cost Participation
Participation in the Pasban Scheme is entirely automatic and free. No participating bank will require any fee, ticket purchase, hidden payment, or minimum account balance to enter the draw.
Regional Prize Allocations
To ensure equitable distribution, the scheme features dedicated prize allocations based on the region from which the remittances are sent:
Important Dates & Results
The inaugural qualifying period runs from October 1, 2026, to December 31, 2026. The first official draw for participants meeting the criteria during this window is scheduled for January 15, 2027.
Draw results will be announced publicly on the official website: 1link.net.pk/pasbanrewards and across official bank social media handles.
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