A SBP circular Saturday said for purpose of opening of dedicated Home Remittance Payment Centres, State Bank has decided to enhance scope of Permanent Booths as given in Para-22 (Chapter-2) of Branch Licensing Policy (BLP) which was revised in terms of BPRD Circular No.15 of 12th October, 2007.

Therefore, following sub-Para (iv) has been added to para-22 (Chapter 2) of BLP with immediate effect:

iv) Payment to Home Remittance beneficiaries via cash, demand draft and pay orders. In addition, such Home Remittance Payment Centers (permanent booths) would also be allowed to perform functions of Sales & Service Centers as mentioned in Para- 19 of the BLP.

All other instructions on Branch Licensing Policy shall remain unchanged, circular added.-