Islamabad: At the launch of regulations for Electronic Money Institutions (EMIs), the Deputy Governor for State Bank of Pakistan (SBP) Jameel Ahmad said, State Bank of Pakistan (SBP) was working on a concept of issuing digital currency by 2025.
The idea of digital currency will help promote financial inclusion and reduce inefficiency and corruption. It will be of benefit to all the stakeholders in trade and commerce. Welcoming to risk taking, it will fundamentally transform economy.
The Finance Minister emphasized on the importance of cyber security as a single incident could lose confidence to the economy and the banking system. SBP and FIA have been asked to ensure effective cyber security.
EMIs will be licensed by the central bank for the issuance of e-money. The central bank will also be fully digitized and technology equipped by 2030. EMIs will offer innovative digital payment solutions and services to the industry, said SBP’s Director Payment Systems Department Sohail Jawad.
For news and updates keep on visiting Graana blog
Karachi: The State Bank of Pakistan (SBP) has indicated that it will maintain a cautious…
The Pakistan Engineering Council and the Capital Development Authority have agreed to collaborate on raising…
Feb 7 (Reuters): Saudi Arabia on Saturday unveiled a wide-ranging investment package for Syria covering…
Islamabad: The Federal Board of Revenue (FBR) has issued revised valuation rates for immovable properties…
Riyadh: Saudi Arabia has completed what it described as a global first in capital market…
Rawalpindi: The Rawalpindi Development Authority (RDA) has introduced strict safety measures for all construction sites…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
