STATEMENT: ACE Money Transfer and Bank AL Habib partner again to strengthen Pakistan's economy

(Information sent by the signatory company).

STATEMENT: ACE Money Transfer and Bank AL Habib partner again to strengthen Pakistan's economy

(Information sent by the signatory company)

- ACE Money Transfer and Bank AL Habib partner again to empower overseas Pakistanis and strengthen Pakistan's economy this Ramadan

MANCHESTER, England, March 28, 2024 /PRNewswire/ -- ACE Money Transfer, a leading remittance provider based in Manchester, United Kingdom, and Bank AL Habib, one of Pakistan's leading commercial banks, have joined forces once further to encourage overseas Pakistanis to send money home through legal channels, while offering them the opportunity to earn substantial rewards. 25 Umrah packages are offered, allowing winners to perform the holy pilgrimage during the holy month. The grand prize: Two lucky winners will each receive a cash prize of Rs 1 crore.

The importance of legal remittances

Legal remittances contribute significantly to Pakistan's foreign exchange reserves, contributing to economic growth and stability. In contrast, informal channels for sending money can be unreliable and pose security risks. Remittances are a vital lifeline to Pakistan's economy and by incentivizing legal transfers through such rewards during Ramadan, ACE Money Transfer and Bank AL Habib play a key role in supporting national development and ensuring the well-being of a lot of families.

How to participate?

The process is simple. The sender must send money to Pakistan via the ACE Money Transfer app or website from the United Kingdom, Europe, Canada or Australia to any Bank AL Habib account or choose cash pickup at one of over 1,100 branches from Bank AL Habib in Pakistan and use the promo code “UMRAH” while creating the transaction. The offer is valid during the month of Ramadan 2024.

Rashid Ashraf, CEO of ACE Money Transfer, said: "This collaborative effort transcends mere transactions. It recognizes the profound significance of Ramadan, a time for spiritual reflection, generosity and strengthening family ties. At ACE Money Transfer "We are proud to revitalize our long-standing partnership with Bank AL Habib and offer incredible opportunities to overseas Pakistanis while contributing to the economic well-being of Pakistan."

Aun Ali, Group Head - Business at Bank AL Habib, said "We are pleased to announce the launch of the media campaign in collaboration with ACE Money Transfer during the holy month of Ramadan. The campaign showcases our commitment to building a meaningful relationship with our customers and encourage them to use legal channels to send money to Pakistan.

Ali Zafar, ambassador of the campaign, shared his thoughts: "I am honored to be associated with this initiative. During Ramadan, the spirit of giving is at its peak, and these contributions must reach their recipients safely. Through "By using legal channels like ACE Money Transfer and Bank AL Habib, overseas Pakistanis can ensure that their hard-earned money makes a real difference in their country and at the same time strengthens Pakistan's economy."

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