Askari Bank Enables Real-Time Cross-Border Payments for DHA Islamabad–Rawalpindi

Askari Bank has partnered with Singapore-based cross-border payments company Nium to enable real-time international payments for Defence Housing Authority Islamabad–Rawalpindi (DHAI-R). The initiative aims to make property instalment and bill payments more convenient for overseas Pakistanis.

The agreement was signed by DHAI-R Secretary Brigadier (Retired) Khurrum Javed and Askari Bank Head of Remittances and Emerging Business Treasury Nasir Hussain. M. Iqbal Ghori, CFO of DHAI-R, and Aamer Nazir, Head of Group Financial Services at Askari Bank, attended the signing ceremony alongside senior executives from both organisations.

Digital Platform to Streamline International Payments

The integrated platform connects Askari Bank, Nium and DHAI-R to facilitate cross-border payments. It supports automated fund routing, real-time reference validation and straight-through processing.

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As a result, overseas customers can benefit from a more streamlined process for paying property instalments and bills. The solution also replaces conventional SWIFT-based transfers with a faster, digitally enabled payment process.

Strengthening Digital Remittance Services

The initiative forms part of Askari Bank’s Home Remittance Products and Services. It reflects the bank’s focus on expanding digital payment capabilities through technology and strategic partnerships.

By connecting banking services with DHAI-R’s payment requirements, the partnership aims to improve convenience for overseas Pakistanis and simplify international property-related transactions.