Tagged: Reza Baqir

Digital Banking: State Bank of Pakistan Might Provide Virtual Accounts to Overseas Pakistanis to Help them Manage their Finances

June 7, 2020 @ 10:05 pm By Omar Faridi |

The State Bank of Pakistan (SBP), the nation’s central bank, recently revealed that it’s looking into whether it should provide digital bank accounts to Pakistanis residing abroad. Reza Baqir, the reserve bank’s governor, noted that overseas Pakistanis won’t have to be physically in the country… Read More

State Bank of Pakistan Announces New Digital Payments Adoption Strategy to Enable Greater Financial Inclusion, Especially for Women

November 14, 2019 @ 11:43 pm By Omar Faridi |

The State Bank of Pakistan, the nation’s central bank, has announced the development of a new national digital payment systems strategy that is aimed at promoting financial inclusion, especially for women. Cash transactions dominate Pakistan’s $300+ billion economy, with most people receiving their salaries in… Read More