Daily Times
April 1, 2021
Governor State Bank of Pakistan (SBP), Dr Reza Baqir has proposed to form a panel to propose recommendations to accelerate the agenda on promoting digital financial services in the country and support coordination in cross-cutting issues.
Dr Reza Baqir said this while chairing the fourth Stakeholders’ meeting on the Digital Financial Ecosystem, organised by the SBP, on Wednesday. He appreciated stakeholders’ support particularly the support extended to SBP by the World Bank, Federal Board of Revenue (FBR) and financial institutions in moving forward the drive for digital financial services. He briefed the forum about the significant progress made on Raast (Pakistan’s Instant Payment System) and developments on its integration with various government agencies to achieve scale. The developments include integration of banks and microfinance banks on Raast, signing of a memorandum of understanding with CGA to digitise government payments. The governor S
SBP for setting up working groups
They will address issues of taxation on digital services, linking govt agencies with RAAST
APP
April 01, 2021
It is a misconception that SBP will be empowered unabatedly through the proposed Act to share financial or non-financial private information with any entity, particularly outside the country, said the Ministry of Finance. PHOTO: FILE
KARACHI:
State Bank of Pakistan (SBP) Governor Dr Reza Baqir has recommended the formation of working groups to address specific issues related to taxation on digital financial services, integration of government agencies with Raast system and availability of seamless internet connectivity across Pakistan.
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