Digital banking facility now available to overseas Pakistanis

ISLAMABAD: Special Assistant to Prime Minister for Overseas Pakistan and Human Resources Zulfi Bukhari has said that overseas Pakistanis will now be able to make direct banking payments and investments in the country, a national daily reported.

The government has decided to provide a digital banking facility to overseas Pakistanis, the SAPM informed. He also said that the government is providing an opportunity of investment to the Pakistani overseas community because the government wants to make the Overseas Pakistani community a key stakeholder in the country's development.

Earlier the State Bank of Pakistan (SBP) also 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. SBP said in a statement that the local companies were granted access of various services from 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.