Saturday , July 20 2019
Breaking News
Home / Business / Expats to operate bank accounts without biometric verification: SBP
Expats to operate bank accounts without biometric verification: SBP

Expats to operate bank accounts without biometric verification: SBP

ISLAMABAD: 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 Zulfikar Abbas Bukhari in a tweet on Thursday.

He 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 in order to block fake bank accounts and to discourage money laundering and terror financing.