SBP
PM orders full digitisation of foreign remittances
PM Shehbaz Sharif directed SBP and stakeholders to fully digitise worker remittances, up from an already 92% digital share. Mobile banking users have hit 137m and merchant digital transactions are up 300% year on year, easing WHT and documentation compliance.
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About State Bank of Pakistan (SBP)
Pakistan's central bank. It sets monetary policy, manages foreign exchange and remittances, and regulates the banking system through which most withholding taxes are collected.
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