Hey Everyone,
This is Shahzaib Javaid. I have recently applied for my study permit under sds scheme. The process for me was really hectic, because the information available on the internet was really scarce and not correct.However, after all those problems i figured out a few things which will be really beneficial for you all.This will solve your problem for both tuition fees and GIC
Anyone applying for study permit under SDS scheme is required to buy a GIC. Now the problem is that the banks in Canada want us to transfer the money, minimum $10,000, and $200 for application purposes but this varies bank to bank. There are only two banks in canada, which are serving the needs of Pakistani students who wish to purchase GIC for Study permit: Scotia bank and Habib Canadian Bank. I used Scotia bank. The process starts with you filling an online form and then submitting it. They take around 1-2 days to then send you the wire transfer details. The main mistake that students do is that they fill this application wrong. Please write the same address that you have on you bank account in Pakistan. This is critical else the wire transfer will be rejected. I didn't make this mistake though.
Now everyone who has purchased a GIC from Pakistan did very little research and only went ahead with the information that they were given, that the money can only be transferred using a foreign currency account. This is where they are wrong. In fact, money can be remitted internationally through your normal PKR account.Every bank in Pakistan offers this and has rules for this. The only problem is that the people in Banks have very inadequate information so they guide us wrong.
So basically we, students are allowed to transfer upto $50,000 USD or equivalent in any currency to any foreign educational institute as a tuition fees and then again more money to any bank account for our living purposes. This GIC is meant to cater our living expenses hence it comes under that banner while tuition fees goes in the other.
This is the rule made by State bank of Pakistan.
I hope you guys find this useful. Though this is limited information, if this doesn't work, then contact me and i'll explain more.
Please pray for my visa.
My email id:
shahzaibjavaid23@gmail.com