{"id":368166,"date":"2025-12-24T05:08:10","date_gmt":"2025-12-24T05:08:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/368166\/"},"modified":"2025-12-24T05:08:10","modified_gmt":"2025-12-24T05:08:10","slug":"imf-remittance-mandate-for-pakistan-sparks-shadow-banking-fears","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/368166\/","title":{"rendered":"IMF remittance mandate for Pakistan sparks shadow banking fears"},"content":{"rendered":"<p><a class=\"ArticleTag_articleTag__P1Zo7\" href=\"https:\/\/asia.nikkei.com\/business\/finance\" data-trackable=\"primary-tag\" data-dark-mode=\"false\" rel=\"nofollow noopener\" target=\"_blank\">Finance<\/a><\/p>\n<p class=\"NewsArticleHeader_newsArticleHeaderSubtitle__ZlvPp\" data-trackable=\"subhead\" data-dark-mode=\"false\">Cutting bank incentives risks a reemergence of informal transfer channels: experts<\/p>\n<p><img decoding=\"async\" class=\"image-main img-fluid ImageNew_imageNewImageResponsive__f1VTu\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/12\/https:\/\/cms-image-bucket-productionv3-ap-northeast-1-a7d2.s3.ap-northeast-1.amazonaws.com\/images\/0\/0.jpeg\" alt=\"20251223 Pakistan rupee notes\" width=\"780\" height=\"auto\" loading=\"eager\"\/><\/p>\n<p class=\"NewsArticleCaption_newsArticleCaption__fxo8v\" data-trackable=\"caption\" data-dark-mode=\"false\" style=\"display:block\">Pakistani\u00a0rupee\u00a0notes are counted at a bank in Peshawar in August 2023. Economists are worried that the IMF might inadvertently persuade overseas Pakistanis to forgo the formal banking sector and send money home through informal back channels. \u00a9 Reuters<\/p>\n<p>ADNAN AAMIR<\/p>\n<p>December 24, 2025 10:26 JST<\/p>\n<p data-dark-mode=\"false\" class=\"Paragraph_paragraph__2p1wC\">ISLAMABAD &#8212; The International Monetary Fund has asked Pakistan to gradually scale back government spending on foreign remittance incentives, prompting experts to warn that such a move could weaken the appeal of formal transfers and encourage the reemergence of backstreet channels.<\/p>\n","protected":false},"excerpt":{"rendered":"Finance Cutting bank incentives risks a reemergence of informal transfer channels: experts Pakistani\u00a0rupee\u00a0notes are counted at a bank&hellip;\n","protected":false},"author":2,"featured_media":368167,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,8878,99,164,199641,28874,174521,15299,137779,140790,58144],"class_list":["post-368166","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-banking","tag-business","tag-economy","tag-fears","tag-imf","tag-mandate","tag-pakistan","tag-remittance","tag-shadow","tag-sparks"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/368166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=368166"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/368166\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/368167"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=368166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=368166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=368166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}