AGL 40.39 Increased By ▲ 0.39 (0.98%)
AIRLINK 127.65 Increased By ▲ 0.61 (0.48%)
BOP 6.60 Decreased By ▼ -0.07 (-1.05%)
CNERGY 4.49 Decreased By ▼ -0.02 (-0.44%)
DCL 8.56 Increased By ▲ 0.01 (0.12%)
DFML 41.90 Increased By ▲ 0.46 (1.11%)
DGKC 87.10 Increased By ▲ 0.25 (0.29%)
FCCL 32.70 Increased By ▲ 0.42 (1.3%)
FFBL 65.10 Increased By ▲ 0.30 (0.46%)
FFL 10.23 Decreased By ▼ -0.02 (-0.2%)
HUBC 109.74 Increased By ▲ 0.17 (0.16%)
HUMNL 14.56 Decreased By ▼ -0.12 (-0.82%)
KEL 5.13 Increased By ▲ 0.08 (1.58%)
KOSM 7.54 Increased By ▲ 0.08 (1.07%)
MLCF 41.53 Increased By ▲ 0.15 (0.36%)
NBP 59.53 Decreased By ▼ -0.88 (-1.46%)
OGDC 194.10 Increased By ▲ 4.00 (2.1%)
PAEL 28.20 Increased By ▲ 0.37 (1.33%)
PIBTL 7.83 No Change ▼ 0.00 (0%)
PPL 151.76 Increased By ▲ 1.70 (1.13%)
PRL 26.52 Decreased By ▼ -0.36 (-1.34%)
PTC 16.07 No Change ▼ 0.00 (0%)
SEARL 82.23 Decreased By ▼ -3.77 (-4.38%)
TELE 7.50 Decreased By ▼ -0.21 (-2.72%)
TOMCL 35.40 Decreased By ▼ -0.01 (-0.03%)
TPLP 8.19 Increased By ▲ 0.07 (0.86%)
TREET 16.25 Decreased By ▼ -0.16 (-0.98%)
TRG 52.80 Decreased By ▼ -0.49 (-0.92%)
UNITY 26.50 Increased By ▲ 0.34 (1.3%)
WTL 1.25 Decreased By ▼ -0.01 (-0.79%)
BR100 9,941 Increased By 57.7 (0.58%)
BR30 30,868 Increased By 268.4 (0.88%)
KSE100 93,860 Increased By 504.8 (0.54%)
KSE30 29,077 Increased By 145.8 (0.5%)

The State Bank of Pakistan on Friday announced to impose service charge of Rs 200 per transaction in Pakistan Real-time Interbank Settlement Mechanism (PRISM) System from all direct participants. PRISM System, as a part of Payment Systems reforms, was implemented in July, 2008, by SBP with a significant initial investment in the project.
The system is working satisfactorily for the last two-and-a-half years for electronic settlement of funds and government securities transactions. However, to keep the system efficient, it needs to be maintained, and upgraded, in line with international practices. It has, therefore, been decided in consultation with the stakeholders to partially offset the maintenance and future upgradation costs, a nominal service charge of Rs 200 per transaction in PRISM System from all PRISM direct participants will be recovered, with immediate effect.
Transaction charges will be calculated and recovered on monthly basis on the third working day of following month from participant''s current account maintained at SBP BSC (Bank) Karachi Office. A "transactions charges recovery report" will also be subsequently sent to each PRISM participant for their information and record.

Copyright Business Recorder, 2011

Comments

Comments are closed.