The direct answer: the State Bank of Pakistan has launched the Pasban Remittance Reward Scheme, offering Rs. 16 billion in cash prizes annually to overseas Pakistanis who send remittances home through official banking channels. For Gulf-based investors already funding property purchases in Islamabad and Bahria Town through bank transfers, this scheme adds a direct financial incentive on top of the usual benefits of using formal channels.
What the Scheme Actually Offers
Pasban replaces the older Sohni Dharti Scheme with a new, self-sustaining, market-oriented reward model. Here’s how it works:
- Minimum qualification: you need to receive at least $100 per month for three consecutive months within a quarter through a formal banking channel.
- Entry-based system: every qualifying remittance earns digital entries, and larger transfers earn proportionally more entries into the draw.
- Prize structure per quarter:
| Prize Tier | Number of Winners | Amount Per Winner |
|---|---|---|
| First | 1 | Rs. 100 million |
| Second | 20 | Rs. 25 million |
| Third | 100 | Rs. 10 million |
| Fourth | 2,400 | Rs. 1 million |
That works out to 9,600 winners of Rs. 1 million or more annually, distributed through quarterly draws worth Rs. 4 billion each.
Why This Matters for Overseas Property Investors
If you’re an overseas Pakistani in the UAE, Saudi Arabia, Qatar, or Kuwait and you regularly send money home to fund a rental property purchase, a renovation, or ongoing property management fees, this scheme rewards exactly the kind of banking behavior you’re likely already engaged in.
No extra effort required for eligible investors. If you’re already transferring funds through a Pakistani bank account for property-related expenses — down payments, construction costs, or T2R management fees — you’re automatically building up entries, provided your monthly transfer meets the $100 minimum.
It reinforces the case for formal banking channels. Investors who’ve been tempted to route money through informal channels for convenience now have an added financial reason to stick with regulated banks.
It reflects broader currency stability. SBP’s foreign exchange reserves have climbed to $21.4 billion, a sharp turnaround from under $3 billion in February 2023, and FY26 remittances hit a record $41.6 billion. For Gulf-based buyers, this signals a steadier rupee and more predictable transfer conditions when moving money for property purposes.
What to Do If You’re Investing From Abroad
- Route all property-related transfers through a registered Pakistani bank account to qualify for scheme entries automatically.
- Consolidate remittances where possible rather than splitting them across multiple channels, since the entry count scales with transfer volume.
- Keep records of your monthly transfers in case you need to verify eligibility for a prize draw.
- Work with a property manager who can confirm formal payment trails for renovation costs, rent collection, and maintenance fees, keeping everything bank-verifiable.
The Bigger Picture
This scheme is part of a broader push by SBP and the government to strengthen formal financial channels as remittances continue climbing. For overseas Pakistanis already investing in Bahria Town Islamabad, DHA Islamabad, or Airbnb properties, Pasban is a low-effort bonus layered on top of an already improving investment climate.
Time2Rent works closely with overseas Pakistani investors in the Gulf, managing rental income, transfers, and property upkeep with fully documented, bank-verifiable transactions.
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