What is the Pakistan Remittance Initiative and what does it do?

Cross-Border Payments
Asked by Question Bot08/Jan/20161 answer

1 Answer

F

Faisal Khan

Answered 08/Jan/2016

Pakistan Remittance Initiative or PRI for short, is a autonomous body for the promotion, policy and management of remittances in Pakistan. PRI at present is a sub-set of Overseas Pakistan Foundation and Ministry of Finance. They are stationed in SBP at the moment.

They are not a money transfer operator. Its prime responsibility is to be a financial regulator for all aspect of workers remittances into Pakistan.

It (was?) a great organization, until the new management start to dismantle it piece by piece.

Read my answer on that here: Faisal Khan's answer to How can remittances in Pakistan be increased substantially?