ISLAMABAD: The Jazz spokesman has said that charges on banking transactions via JazzCash are regulated by the State Bank of Pakistan. Clarifying a news report published in The News and the Daily Jang, claiming JazzCash has imposed a new fee of Rs 5 on all transactions, the spokesman said that in a May 12 circular, the central bank provisioned a charge of 0.5% of the transaction amount (up to a maximum of PKR 100) on cash deposit transactions into mobile wallets for all branchless banking operators, including JazzCash.
JazzCash implemented the change on June 1, ensuring proper communication through its website and informed retailers via SMS prior to the implementation of this charge, the spokesman explained, adding it is important to note that no new fees were imposed on any other transactions as stated in the .—
China reaffirms ironclad strategic partnership with Pakistan and acknowledged pivotal role in promoting peace in the...
CJP Afridi unveiled comprehensive judicial reform agenda under National Judicial Committee
DPM Dar says resolutions of United Nations lied at heart of conflict between Pakistan and India
SBP has endorsed scheme’s design to ensure effective outreach and compliance with eligibility criteria
Imran Khan has been behind bars since August 2023 after he was sentenced in multiple cases
Sources say tax collection target for July 2025 was envisaged at Rs748bn, with expectations of tax machinery