BAJK remittances touch up to Rs. 4 billion: President.

MUZAFFARABAD -- Bank of Azad Jammu and Kashmir (BAJK) has claimed that its remittances (home remittances) had been increased and crossed a record highest level of Rs 4.6 billion due to the strong confidence of expatriates of the region and effective strategy of the institution.

The President and Chief Executive officer (CEO) of the Bank Khawar Saeed said after agreements with Western Union, remittances were increasing.

In a review meeting related to the business promotion of the bank held here on Tuesday, Khawar Saeed said that the remittances in the year 2019 were only Rs 800 million. However, he said the Bank entered into an agreement with Western Union to receive remittances from abroad and the volume was...