SBP governor for working groups on taxation issues

Author: APP

Governor, State Bank of Pakistan (SBP), Dr. Reza Baqir on Wednesday recommended the formation of working groups to address specific issues related to taxation in digital financial services, integration of government agencies with Raast system and the availability of seamless internet connectivity across Pakistan.

State Bank of Pakistan organized fourth Stakeholders’ meeting on the Digital Financial Ecosystem, which was chaired by SBP Governor, Dr. Reza Baqir. The goal behind these stakeholders’ meetings is to accelerate the agenda on promoting digital financial services in Pakistan and support coordination in cross cutting issues, said SBP statement here. The meeting was attended by Chairman Federal Board of Revenue, Country Director of the World Bank, representatives from Accountant General of Pakistan Revenue, Controller General of Accounts, Ministry of IT and Telecommunications, NADRA, Pakistan Telecommunications Authority, Karandaaz, and CEOs/Presidents of Banks, Microfinance Banks and Electronic Money Institutions, and several other stakeholders.

Governor Baqir appreciated stakeholders’ support particularly the support extended to SBP by the World Bank, FBR and financial institutions in moving forward the drive for digital financial services. The Governor also informed participants that despite COVID-19 disruptions, SBP has been diligently working with its partner institutions to keep to the roadmap.

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