SBP allows expatriates to continue operating bank accounts without biometric verification

June 27, 2019 Off By Web Desk

The State Bank of Pakistan has allowed the expatriates to continue operating their bank accounts in the country without biometric verification after proving their identity as Overseas Pakistanis in their local banks.

This has revealed by Special Assistant to the Prime Minister on Overseas Pakistanis and Human Resource Development Sayed Zulfikar Abbas Bukhari in a tweet in Islamabad.

He has expressed hope that the step would facilitate Pakistani Diaspora living across the globe.

Earlier, the SBP had asked Pakistani banks to register their all account holders through biometric verification to block fake bank accounts for discouraging money laundering and terror financing.

Source: Radio Pakistan