KARACHI (PR) - NBP has been declared No. 1 bank for settlement of Home Remittances under PRI Payment Mechanism of SBP with 32 percent share in the whole set up which comprises of 9 commercial banks including the big 5 Pakistan banks. In its recently released data, SBP/PRI acknowledged the key role played by NBP in delivering home remittances to beneficiaries across the country while providing full support to the initiatives of Govt of Pakistan and SBP/PRI. SBP/PRI introduces the PRI Payment Mechanism for settlement of interbank home remittance transactions through Real Time Gross Settlement (RTGS) system under SBP circular dated August 22, 2009. The management at NBP took it as a challenge and with the strong efforts and commitment of the team, NBP became the first bank to finalize the preliminary arrangements for RTGS and lead the whole Pakistani banking sector from the front. Since then, NBP has been acting as the central pillar which supports the entire system by processing over 32 percent of the total transactions settled under PRI Payment Mechanism so far.