Asad calls for promoting remittances through formal channels

Asad calls for promoting remittances through formal channels
Shares

Finance Minister Asad Umar has said that there is a need for taking necessary measures for promoting remittances through formal banking channels to improve the economy. 

Chairing a high level meeting in Islamabad, he asked the Federal Board of Revenue and the State Bank of Pakistan to finalize proposals and incentives for promoting remittances through formal channels .

The Finance Minister entrusted the National Bank of Pakistan with the task to devise a mechanism for opening of bank accounts by all Pakistani workers, both at home and the country of their employment with the facility of debit cards.

He directed the National Database Registration Authority to present a concrete proposal on its technology based initiatives on the issue.

 

Pakistan