Govt decides to provide digital banking facility to Overseas Pakistanis: Zulfi

The government has decided to provide a digital banking facility to overseas Pakistanis, informed Zulfi Bukhari, Special Assistant to Prime Minister for Overseas Pakistan and Human Resources.

The SAPM said that overseas Pakistanis will now be able to make direct banking payments and investments in the country. Bukhari said that the government is giving the Pakistani overseas community a great opportunity to invest in the country.

The initiative would allow Overseas Pakistanis to operate all the banking functions without coming to Pakistan. The government wants to make the Overseas Pakistani community a key stakeholder in the country's development, he added.

Bukhari was of the view that the digital banking facility was a long-standing demand of overseas Pakistanis. This plan has been prepared according to the vision of Prime Minister Imran Khan.

A number of measures to facilitate the digital payments mechanism earlier the State Bank of Pakistan decided to introduce a new mechanism to enable the companies in the country to make instant payments for acquiring digital services from the globally recognized digital service provider companies

In a statement, the State Bank said now the local companies can access various services from these global companies instantly without any regulatory approval process. The SBP said the aim of introducing this new mechanism is to further enhance the ease of doing business in the country.