KARACHI: Prime Minister Shahid Khaqan Abbasi said that Government of Pakistan is taking several strategic initiatives to promote inflow of home remittances in the country. ’In continuation of our efforts, I am pleased that GOP in collaboration with the SBP and financial industry is launching a scheme for promotion of home remittances through m-wallets, he said.
The Prime Minister said that the scheme will help in channelising home remittances through Branchless Banking (BB) channels. ‘It will help achieve twin objectives’, said the PM, ‘Firstly, it will facilitate the populace by the provision of home remittances in swift, convenient and cost-effective manner by utilising the network of BB agents across Pakistan; secondly, it will help enhance the usage of m-wallets and creation of digital accounts.’ PM Abbasi also announced government’s budgetary support to incentivise home remittances through M–Wallet accounts.
Prime Minister of Pakistan Shahid Khaqan Abbasi launched the State Bank of Pakistan (SBP) Policy for the promotion of SME Finance at SBP headquarters here on Friday.
While addressing the launching ceremony he said that policy for promotion of SME finance will play a pivotal role in developing and promoting a vibrant SME sector in Pakistan. ‘Promotion of SME financing can significantly contribute towards GDP growth, boost employment and improve livelihoods,’ he said.
The Prime Minister praised SBP for taking this important initiative and said that small and medium enterprises are among priority sectors for their significant role in any economy. Adding further, he said that ‘policy for promoting SME financing will also have a deepening effect on Pakistan’s economy in shape of SME’s contribution towards foreign exchange earnings through exports for the country’. Prime Minister reiterated that this policy will bring betterment and financial strength for the under-served SME sector.
