Remittances are transfers of money by foreign workers to their home countries. The World Bank officially estimates that migrants from developing countries sent from abroad, Home Remittances more than US$ 223 billion to their families during the Year 2005, a figure more than twice the level of international aid. Remittances are playing an increasingly larger role in the economies of many countries.

Around 130,000 people leave our country annually, opening up many avenues to enrich the stream of home remittances.

Therefore under the present circumstances where enhanced volumes of funds are flowing in from abroad, Bank Alfalah is proactively seeking to be an important conduit to facilitate the growth of sizeable business.

Our Home remittances unit is strategically proactive in diminishing the informal channels of transfer of funds.

Our strength of correspondent banking relationship plays a pivotal role in augmenting the quality of our remittance services. We continue to offer unprecedented and most efficient services to our clients.