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Transfast, a leading cross-border payments company with presence in over 140 countries, has actually partnered with Habib Bank Limited (HBL), the biggest commercial bank with over 1700 branches in Pakistan, to facilitate expatriates around the globe to send out money to Pakistan.

The remittance facility in between Transfast and HBL is currently available to the Pakistani expatriates globally. This partnership further strengthens Transfast's network in Pakistan as well as gives an option to customers to obtain money from over 1700 branches of Habib Bank throughout Pakistan.

" HBL is one of the most esteemed financial institutions in Pakistan and also it is an honor to partner with them. Transfast is fully committed to use competitive pricing, fast transfer of funds as well as customized customer engagement," stated Samir Vidhate, SVP & MD, Transfast. "Through this partnership we will supply our Pakistani customer base with easier and also obtainable methods to collect money from any kind of branch of HBL in Pakistan and also to send out money to any checking account in the country."

Faisal Noor Lalani, Head International Banking, HBL remarked" I would love to take this opportunity to give thanks to Mr. Vidhate for coming to Pakistan. I look forward to providing full support to the whole teams of both the institutions in my capacity, to make our partnership rewarding. This is a proud moment for HBL as this brand-new arrangement will certainly be beneficial to all the customers who seek to make fast international money transfers to HBL Pakistan. Together, we anticipate giving excellent solutions to our consumers with commitment to banking quality for a far better tomorrow.".

Remittances make up 6% of Pakistan's GDP and the government has actually supplied several incentives to encourage a lot more cash flow into the country. According to initial estimates from the State Bank of Pakistan, the country obtained a record $21.84 billion in remittances in 2019. That number is expected to increase as analysts predict that more than eight million overseas Pakistanis will certainly continue to send out cash back home with remittances poised to hit $23 billion.

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