Participants during the event in Dubai.

Business Bureau, Gulf Today

The second Pakistan Remittance Summit held in Dubai with the aim of discussing the innovative ideas to increase the remittance to Pakistan and discourage the illegal mode of money transfers like Hawala, Hundi and others causing 8 to 9 billion dollar loss to Pakistan economy annually.

The summit held in a local hotel had attended by the representatives Pakistani banks operating in the UAE, officials from different exchange houses and scores of experts from the financial sectors around the world.

The second Pakistan Remittance Summit 2019 organized by the top 5 Remittance Receiving Banks in Pakistan – Allied Bank Limited, MCB, National Bank of Pakistan ,United Bank Limited and Habib Bank Limited – under the patronage of Pakistan Remittance Initiative by State Bank of Pakistan.