Going from strength to strength, the partnership between ACE Money Transfer and Habib Bank Limited (HBL) knows no bounds. This time the two financial giants have entered into a venture to facilitate the Pakistani diaspora residing in the UK, Europe, Canada, Australia, and Switzerland. These Pakistani migrants send money to Pakistan as a routine, but this time doing so will lead them to win a Toyota Fortuner 2.7G and one of the 10 iPhone 14 Plus!
This is one of the most exciting offers by ACE Money Transfer in collaboration with one of the leading commercial banks in Pakistan, HBL.
Read on to learn the exciting details and easy steps to follow to stand a chance to participate in the campaign.
A Brief Background About Pakistani Diaspora Residing In Developed Countries
Pushed by a host of reasons and issues, about 9 million Pakistani migrants are residing in developed countries, including those listed above. They earn a living and send money to Pakistan to support their families financially. Poverty, needless to say, deprives them of some essentials for affording which these Pakistani migrants work abroad.
And the tech-driven era today demands having a car for your and your family’s convenient commuting and a smartphone for staying connected with your loved ones and doing other activities on your smartphone the time demands.
In this context, having a chance to win either of these two necessities just free of cost is no less than a dream come true.
The Flow Of Remittances Into Pakistan And The Dip Remittances Took
Pakistani migrants poured $31.2 billion in FY22 into the Pakistani economy. But, due to the global economic slowdown, the flow of remittances to Pakistan declined and continues to dip. Some statistics are pertinent here:
- In July-October 2022, remittances fell to $9.9 billion.
- It was an 8.6% dip from the previous year in the same period when remittances were $10.827 billion.
- Reports suggest that if the decline continues, the volume of remittances will remain close to $30 billion in FY23, which will be lower than the $31 billion in FY22.
Shrinking Job Market For Migrants
One of the critically important reasons for the decline in remittances is the job loss migrants face in other countries due to the global economic slowdown.
Fast Depleting Resources
International political dynamics are such that when a war breaks out between two powerful countries, it strains the resources that are otherwise required to keep economies viable because resources are diverted to fuel conflict.
Confusing To Choose The Best Means To Transfer Funds
With limited means and owing to the fear of losing a job, one gets more conscious of transferring funds to avoid online fraud. So, the flow of remittances comes to a halt. But here’s where the PRI Initiative comes into play.
Let’s see how.
Pakistan Remittances Initiative (PRI)
To facilitate the flow of remittances, the State Bank of Pakistan (SBP), the Ministry of Finance (MoF) and the Ministry of Overseas Pakistanis (MoOP) have taken the initiative called the PRI to enhance the flow of remittances by achieving the following:
- Facilitating the fast, convenient, and efficient flow of remittances in a cost-effective way
- Creating viable investment opportunities for Pakistani migrants
ACE Money Transfer And HBL Partner To Further The PRI
Both the financial giants have joined hands to:
- a) Further expand PRI on the ground
- b) Cost-effectively offer services by offering live and competitive currency exchange rates with a low fee.
In a remittance transfer, these two factors potentially affect your transfer’s cost-effectiveness.
But this is not it.
The amazing catch comes now!
The Exciting Campaign To Win Prizes You Could Only Dream About Until Now
Your online money transfers to Pakistan via ACE Money Transfer from the listed countries above to any of the 1,700 plus branches of HBL as a cash deposit or cash pickup before March 15th will make you eligible to enter the lucky draws scheduled across the campaign duration.
In these draws, winners will be selected to receive the prizes by meeting the terms and conditions detailed out below.
So, make sure to make as many entries as possible but remember that many entries to one recipient in one day will count as one.
Therefore, send remittances in small chunks regularly or to different recipients if you want to make many entries in a single day.
This will increase your chances of winning.
Awards include one Toyota Fortuner 2.7G and 10 iPhone 14 Plus.
The winner of the Toyota Fortuner could nominate anyone in Pakistan to receive the prize on their behalf.
ACE Money Transfer – Your Platform To Win Your Dream Prizes With Exceptional Regular Remittances Services
ACE Money Transfer takes into cognisance the aspirations and needs of its valued customers and thus designs such campaigns regularly in addition to offering them safety, low fees, live exchange rates, and an unbelievable speed of 7 seconds to transfer funds to Pakistan from anywhere in the world.
So, what are you waiting for? Send money to Pakistan and stand a chance to win these huge prizes now!
- Declining remittances
(Why are remittances falling? – Business – DAWN.COM)
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