Finance Minister Calls for Reduced Bank Reliance, Wider Participation in Debt Markets
Finance Minister Muhammad Aurangzeb has urged reforms to reduce bank dominance in Pakistan’s debt markets, focusing on lower issuance costs, digital onboarding and broader investor participation.
SBP Launches Unified Digital Framework to Simplify Bank Account Opening for Individuals and Businesses
The State Bank of Pakistan has introduced a streamlined digital framework for customer onboarding, reducing paperwork and improving turnaround times for individuals and businesses opening accounts, while also pushing digital payment acceptance across merchants nationwide.