Recommendation to start digital bank accounts for foreign Pakistanis

by May 26, 2020Business0 comments

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A special meeting of the economic think tank was chaired by Finance Advisor Abdul Hafiz Sheikh, which recommended the introduction of digital bank accounts for foreign Pakistanis.

According to a statement issued by the Finance Ministry, a proposal to continue the experience of Pakistan Build Certificate was also presented at the meeting, while recommendations were also made for introducing new schemes for foreign Pakistanis.

According to the statement, recommendations were also made at the meeting to address FATF’s concerns about digital banking.

According to a statement from the Finance Ministry, the think tank has decided to finalize all recommendations soon.

The statement said that the think tank’s recommendations would be included in the budget, while the suggestions would be included in the budget speech.

According to a statement from the Finance Ministry, Shaukat Tareen and Sultan Allana proposed to increase temporary relief. The Forum also proposed to increase the loan coverage for SMEs.

The statement said that to encourage the housing sector, the think tank recommended continuing.

The Finance Ministry said that Governor SBP appreciated the recommendations of the committee.

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