Expats exempted from biometric verification of bank accounts

SBP

The State Bank of Pakistan (SBP) 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 was revealed by Special Assistant to the Prime Minister on Overseas Pakistanis and Human Resource Development Sayed Zulfiqar Abbas Bukhari in a tweet. He expressed hope that the step would facilitate Pakistani diaspora living across the globe. Earlier, the SBP had asked Pakistani banks to register all their account holders through biometric verification to block fake bank accounts for discouraging money laundering and terror financing.

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Author: ApnayOnline

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