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Zulfi for digital challenger bank to boost remittances

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Staff Reporter
Islamabad

Highlighting immense potential and importance of remittances in the national development, Special Assistant to the Prime Minister (SAPM) on Overseas Pakistanis and Human Resource Development Sayed Zulfikar Abbas Bukhari has reiterated the need for setting up a digital challenger bank to bring significant improvement in foreign currency reserves of the country.

He, once again, laid the stress on the initiative on his twitter account while sharing some statistics that showed rapid growth of Pakistan’s remittances in the world.

“These numbers show the importance and potential of overseas remittances that’s yet to be realised.

For the past two years I have been emphasising that Pakistan needs a digital challenger bank.

For a country like Pakistan that’s the way forward if we are to optimise remittances,” the SAPM tweeted.

The present government is striving hard to boost remittances by incentivizing the overseas Pakistanis.

‘Roshan Digital Account’ has recently been launched by the government to encourage the expats to send their hard earned money through banking channels.

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