ACE Money Transfer
ACE Money Transfer
20 Oct 2026
The Pasban Remittance Reward Scheme encourages formal remittances to Pakistan.
The scheme offers PKR 16 billion in annual prizes, including a first prize of PKR 100 million.
Eligible beneficiaries must receive at least US$100 equivalent in remittances per month for three consecutive months, subject to the official rules.
The first draw is scheduled for 15 January 2027, covering eligible remittances received from October to December 2026.
Participation is free, but meeting the eligibility criteria does not guarantee winning a prize.
What if sending money home could bring an extra opportunity? For millions of overseas Pakistanis, sending money home is more than a financial transaction. It is how they help their parents manage household expenses, support their children’s education, contribute to medical bills, and stay connected with the people who matter most.
These contributions also play an important role in Pakistan’s economy.
“According to the State Bank of Pakistan (SBP), workers’ remittances reached a record US$41.6 billion in FY2025–26, representing an increase of 8.6% from US$38.3 billion in the previous fiscal year. This reflects the continuing importance of money sent home by Pakistanis living and working abroad.” The Pasban Remittance Reward Scheme encourages formal remittances to Pakistan and also aims to strengthen the country’s foreign exchange reserves.
Now, there is another development for overseas Pakistanis sending money home, their families receiving remittances in Pakistan, and anyone trying to understand how the Pasban Remittance Reward Scheme works. Announced by the SBP on 25 September 2026, it gives eligible beneficiaries a chance to win cash prizes through quarterly draws, with a total prize pool of PKR 16 billion annually. The top prize is PKR 100 million.
Eligible beneficiaries must receive at least US$100 equivalent in remittances per month for three consecutive months, subject to the official rules. The first draw is scheduled for 15 January 2027 and will cover eligible remittances received from October to December 2026. Participation is free, but meeting the eligibility criteria does not guarantee winning a prize.
Below, you’ll find how the scheme works, who qualifies, how entries are calculated, the prize tiers and draw schedule, and the main conditions, exclusions, and practical points senders and recipients should know before relying on eligibility.
The Pasban Remittance Rewards Scheme (PRRS) is an industry-wide initiative introduced under the patronage of the State Bank of Pakistan, led by the Pakistan Banks’ Association (PBA), and supported by participating banks, with 27 participating banks and 1LINK, including HBL, UBL, and Samba Bank.
Its purpose is to encourage overseas Pakistanis and their families to receive money through formal banking channels in a secure and convenient way when sending and receiving money across borders.
Under the scheme, people in Pakistan who receive qualifying home remittances into eligible accounts can receive draw tokens for quarterly cash-prize draws, and eligible beneficiaries receive draw tokens based on qualifying remittance transactions. If an eligible entry is selected and the beneficiary passes the required verification, the prize is credited to the winning account.
Here is the basic process:
An individual sends money to Pakistan through a qualifying formal remittance channel.
The funds are processed by a participating bank and credited directly to beneficiary accounts, such as an eligible Pakistani rupee bank account or wallet.
If the transaction and account meet the scheme’s requirements, one token or entry is generated for every USD 100 of qualifying remittance.
Eligible entries are included in the relevant quarterly draw.
Selected winners undergo verification before receiving their prizes.
One important distinction: The person receiving the money in Pakistan is generally the beneficiary of the scheme, not the person sending it from abroad. An exception applies when someone living abroad sends money to their own eligible Pakistani rupee account and meets the scheme’s conditions.
Participation is free, and qualifying entries do not guarantee a prize.
One of the scheme’s main features is its quarterly prize pool of PKR 4 billion, giving eligible recipients a chance to win exciting cash rewards, with 2,521 winners selected in each draw. Across four quarterly draws, the total announced annual prize pool amounts to PKR 16 billion, and participants may win exciting prizes through the scheme.
The prize structure is as follows:
| Prize category | Number of winners per draw | Prize per winner |
|---|---|---|
| First prize | 1 | PKR 100 million |
| Second prize | 20 | PKR 25 million |
| Third prize | 100 | PKR 10 million |
| Fourth prize | 2,400 | PKR 1 million |
| Total | 2,521 | PKR 4 billion in total |
The prizes are cash prizes only, awarded in Pakistani rupees and paid into the winning accounts after verification, subject to applicable tax deductions. Eligible recipients can also receive exciting prizes through quarterly draws under the scheme.
The scheme also divides the second, third, and fourth prize categories into regional pools based on the country from which the remittance originates. These regions are the Gulf Cooperation Council (GCC), the United Kingdom, Europe, North America, and other countries. The first prize is open to eligible entries from all regions.
It is worth remembering that the prize figures represent potential winnings, not guaranteed payments. The draws are random, and having more entries does not ensure that an account will win, even though entrants may be selected for exciting prizes.
Receiving money from abroad does not automatically make every transaction eligible. The scheme has specific requirements that beneficiaries should understand before assuming they qualify.
The beneficiary’s eligible account must receive home remittances worth at least USD 100, or the equivalent in Pakistani rupees, in each of three consecutive months within the relevant draw period.
For example, if your account receives qualifying remittances of at least US$100 equivalent in October, November, and December 2026, it may meet the monthly threshold for the first draw, provided all other conditions are satisfied. Under the scheme rules, for every USD 100 of qualifying remittance received, one digital token is generated.
The requirement applies to the account rather than a single sender. Therefore, eligible remittances from different people can count towards the monthly requirement when credited to the same bank account.
The funds must be credited directly to an eligible Pakistani rupee bank account in the beneficiary’s name, or to a qualifying joint account or wallet, subject to the scheme’s conditions, because participation is beneficiary-led and account-based. Once the funds are credited, tickets generate against beneficiary accounts under the scheme’s account-based participation model.
The money must also be processed through a participating bank, and the eligibility criteria are beneficiary-led rather than sender-led. The beneficiary’s own bank or wallet provider does not necessarily have to be the same institution as the participating bank that processes the remittance.
The scheme covers people who receive eligible home remittances through formal banking channels, including banks and exchange companies authorised by the relevant regulator, as well as money transfer providers that meet the applicable scheme’s eligibility requirements, provided the transaction is processed by a participating bank and credited to the eligible account.
This provides a way to receive funds and may offer opportunities to earn rewards, subject to the applicable scheme’s eligibility criteria and terms and conditions.
A transfer collected in cash at a bank branch, exchange company, or agent does not qualify under the scheme; only eligible transactions processed through a participating bank qualify.
Transactions must be genuine and cannot be reversed, cancelled, returned, duplicated, or otherwise disqualified under the official terms.
Certain accounts and individuals are also excluded. For example, Roshan Digital Account inflows and foreign-currency accounts are not eligible. Specific employees, officers, and directors connected with participating institutions and the scheme are also excluded under the rules.
For the full eligibility requirements, consult theofficial Pasban Remittance Rewards Scheme website.
Once a qualifying remittance is received, the scheme’s transparent process uses system-generated draws and can issue draw tokens based on the transaction’s value in US dollars.
Under the published scheme rules, the entry calculation works as follows:
| Value of an eligible remittance | Entries generated |
|---|---|
| Below US$100 | 0 |
| US100–US149 | 1 |
| US150–US249 | 2 |
| US250–US349 | 3 |
| US500–US599 | 5 |
| US$1,000 | 10 |
The value used for the calculation is determined by converting the credited rupee amount into US dollars using the SBP daily exchange rate applicable to the transaction’s processing date, and draw tokens are generated based on qualifying remittance transactions.
Each draw token gives draw token eligible beneficiaries a chance to enter the scheme's transparent prize process through system generated draws.
However, generating entries is not the same as qualifying for the draw. The beneficiary’s account must still meet the requirement of receiving at least US$100 equivalent in each of three consecutive months during the relevant quarter.
Entries from eligible transactions are provisional until the quarterly eligibility conditions are checked. Beneficiaries receive draw tokens based on those transactions, but they are non-transferable, cannot be bought or sold, and do not carry over to the next draw.
Most importantly, more entries provide more opportunities in the draw, but no number of entries guarantees a win.
The scheme commenced on 1 October 2026, and the first draw is scheduled for 15 January 2027.
The first draw covers eligible remittances received between 1 October and 31 December 2026.
Subsequent draws are scheduled quarterly, ordinarily on the 15th of the month following the end of each quarter, subject to the official timetable and any applicable changes.
The scheme’s published schedule lists the subsequent draws for April, July, and October 2027.
Beneficiaries should check the official 1LINK website and announcements from participating banks for the latest dates and results, as the scheme continues on the published timetable unless changed by the authorities, with any end date subject to further announcement.
No separate registration or entry purchase is required. According to the scheme’s published information, participation is automatic when the account and remittance meet the eligibility requirements.
Participation is subject to the official scheme rules, which may change. Individual banks or service providers may apply their own charges; check the latest official terms and applicable fee schedules before participating.
This is an important point because scammers may attempt to take advantage of people who hear about a large cash prize.
If someone contacts you claiming that you have won and asks you to pay a fee to register, release your prize, or process a payment, do not pay them. Never share your PIN, password, card details, or one-time password (OTP) with someone claiming to represent the scheme.
According to the official scheme information, the beneficiary’s own bank or wallet provider contacts them through its official channels if their account is selected. The published results identify winning entry numbers without publicly disclosing names, account numbers, or other personal details. A selected entry must still pass the required checks before a prize is paid.
For overseas Pakistanis, loved ones abroad could help recipients not only receive money but also have a chance at rewards when eligible transfers qualify. However, it does not change the fundamental purpose of a remittance: helping family members and meeting financial needs back home.
Before sending money from your loved ones through formal banking channels, it is still important to understand the available transfer methods, applicable fees, exchange rates, delivery options, and receiving arrangements.
If your family member hopes to qualify for Pasban, check that the transfer route is eligible, that the funds will be credited directly to an eligible Pakistani rupee account or wallet, and that the monthly requirements can be met, since qualifying transfers may be an added benefit but should still be checked against the official rules. Do not assume that every transfer or payout method qualifies.
ACE Money Transfer provides international money transfer services for people sending money to Pakistan and other supported destinations. If you are considering a transfer, you can explore the available options and check the current exchange rate and applicable fees on the ACE Money Transfer website. Exchange rates fluctuate, and the rate you receive may differ from any rate quoted. Check the live rate on the ACE website before sending.
Any claim that a particular ACE transfer or receiving arrangement qualifies for Pasban should be verified against the current scheme rules and the relevant participating-bank arrangements before you rely on it.
It is an industry-wide initiative of the Pakistan Banks’ Association (PBA) in collaboration with participating banks and supported by the State Bank of Pakistan. The scheme aims to make home remittances more rewarding for beneficiaries. Eligible beneficiaries can receive draw tokens for quarterly cash-prize draws when they meet the scheme’s requirements.
Generally, the recipient in Pakistan whose eligible account receives the remittance is the beneficiary. A person living abroad may also qualify when sending money to their own eligible Pakistani rupee account, subject to the scheme rules.
The eligible account must receive at least US$100 equivalent in remittances in each of three consecutive months within the relevant draw period, alongside the other eligibility conditions.
No. Under the published rules, the money must be credited directly to an eligible account or qualifying wallet. Collecting the remittance in cash over the counter does not qualify.
No. Roshan Digital Account inflows and foreign-currency accounts are excluded from the scheme.
No. A person can win only one prize per draw, even if they have qualifying entries across multiple accounts or banks. However, they may qualify for future quarterly draws.
The first draw is scheduled for 15 January 2027 and covers eligible remittances received from 1 October to 31 December 2026.
Check the official 1LINK Pasban website and announcements from participating banks. If your account is selected, your bank or wallet provider will contact you through its official channels and verify your eligibility before paying the prize.
No. Entries provide opportunities to participate in the draw, but the winners are selected through a random process. No account is guaranteed to win.
Every remittance sent home represents a commitment to the people who depend on it. Pakistan’s record US$41.6 billion in workers’ remittances during FY2025–26 demonstrates the scale of this contribution, while the Pasban Remittance Reward Scheme introduces another potential benefit for eligible recipients.
If you or your family want to understand whether you qualify, start by checking the official terms, confirming the receiving account and transfer arrangements, and keeping track of the relevant monthly requirements. Remember that participation is free, eligibility is conditional, and winning a prize is never guaranteed.
And before your next transfer, take a moment to review your available options, current exchange rates, fees, and delivery methods.
Because sending money home is about more than completing a transaction. It is about making informed decisions for the people who matter most.
Disclaimer: This article is intended for general informational and educational purposes only and should not be construed as legal, regulatory, tax, business, or financial advice. While reasonable efforts have been made to ensure that all facts, figures, and data are accurate and valid as of the date of publication, no warranty or guarantee is given as to the ongoing completeness, accuracy, or currency of the information.
The content is based on information available at the time of publication. Regulations, government policies, market conditions, and service offerings may change over time and vary across jurisdictions and providers. As a result, some information may no longer be current or applicable. Readers should independently verify all information and consult qualified professional advisors before making any financial, legal, or business decisions.
