GIC Problems in Pakistan

[GMP97]

Have you received your certificate now?

He has received his visa by now its what problem are you facing though? You have to become a filer and open US dollar account

 

[m0waiss]

He has received his visa by now its what problem are you facing though? You have to become a filer and open US dollar account

I sent my GIC remittance on 11 Feb but it has been rejected because it wasn't in CAD currency.

 

[m0waiss]

I sent my GIC remittance on 11 Feb but it has been rejected because it wasn't in CAD currency.

Please help me, I'm facing really hard time now.

 

[m0waiss]

hi I am heera from Pakistan can someone tell me I am facing the same problem which bank is best for moving money to Canada.well recently I transferred money to Canada but they rejected my money because money was not in canadain currency.i opened us dollar account in js bank but the bank manager did not know how to change us dollar in canadain dollar

Hii.
I'm facing same problem, please help me if you got any way to tackle this.

 

[Farazahsheikh]

I sent my GIC remittance on 11 Feb but it has been rejected because it wasn't in CAD currency.

Very common reason for rejection. It's actually the intermediary bank that converts USD to CAD before it reaches Canada. Ask your bank to fix this issue for you and waive off the charges incurred due to rejected transaction because it is their fault.

 

[m0waiss]

Very common reason for rejection. It's actually the intermediary bank that converts USD to CAD before it reaches Canada. Ask your bank to fix this issue for you and waive off the charges incurred due to rejected transaction because it is their fault.

Bro i told them whole scenario but they are asking for more info.
Actually the banking staff here in Pakistan just want "Pakki pakai kheer" no matter what other person is facing.

 

[Shahbaz9900]

Hii.
I'm facing same problem, please help me if you got any way to tackle this.

Bro pass me your what's app number or contact me. 00971559010493

 

[Taimoor rana]

Is it compulsory to have the same Address for bank account in pak for GIC as on Proof of Acceptance Letter?

 

[Farazahsheikh]

Is it compulsory to have the same Address for bank account in pak for GIC as on Proof of Acceptance Letter?

No. The address in your bank account should match your CNIC/Passport, but what is the most important is that it should match the address in your Canadian bank account.

 

[Taimoor rana]

I sent my GIC remittance on 11 Feb but it has been rejected because it wasn't in CAD currency.

Did your bank converted the pkr to cad before sending GIC?

 

[GMP97]

Did your bank converted the pkr to cad before sending GIC?

thats the job of the intermediate bank they are supposed to do it

 

[shahidhamid24]

ABL

Become an unemployed filer and open an account in any of the banks here. Try to go for HBL, ABL, SC or any other renowned bank.

ABL Manager doesn't know how to transfer to Canadian bank. except he said that you should transfer money from Canada.

 

[m.suhaibhameed]

Hi Guys,

Good to have this forum. Need help concerning the GIC as well. I am applying for Winter 2021 intake in Ontario. I have become the filer as suggested by the banks and ready to pursue my case. The only issue I am facing is that Meezan Bank says that 5% of my total amount that I am sending for GIC will be deducted as advance tax, since the purpose of GIC is studying (directly or indirectly), so the tax is liable. However, when I asked the banker from UBL, he deliberately told me to not mention anything about studies and just claim to send money for personal use; this way your tax would not be deducted. Can someone suggest, what is going on, and how to go about it?

Thanks in advance.

 

[omarasimd005]

Salam,

This is for all of you. You can transfer money via transferwise to any foreign account from your pakistani bank account.

That is the best option for all of you.

 

[m.suhaibhameed]

Salam,

This is for all of you. You can transfer money via transferwise to any foreign account from your pakistani bank account.

That is the best option for all of you.

Are you sure it will be accepted by the foreign banks? Have you tried it? Also any taxes that are implied on it?