Bank of Azad Jammu and Kashmir, remittances crossed the highest level of 6 billion
Muzaffarabad (Dharti News) Bank of Azad Jammu and Kashmir’s remittances (home remittances) have crossed the highest level of 4.6 billion rupees due to the strong confidence of Kashmiri immigrants and effective strategy of the institution, which is a record. After Haria (RIA) and Money Gram (Money Gram), the remittances are increasing recently after the agreement with Western Union (Western Union) for receiving remittances from abroad. In 2019, remittances were only 80 crore rupees. President and Chief Executive Officer of the bank, Mr. Khawar Saeed, while presiding over a review meeting, said that after 2019, remittances have increased by about 4 billion rupees. This increase in remittances is the highest ever since the bank’s inception, which is a reflection of the strong confidence of overseas expatriate customers in the bank. The bank is achieving other business goals including remittances while expanding the business network. Under the patronage of the state’s financial institution, the independent government, particularly the chairman of the board of directors, the bank made tremendous progress.