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SBP introducing new mechanism to enhance EODB

SBP introducing new mechanism to enhance EODB

KARACHI: State Bank of Pakistan has decided to introduce a new mechanism to enable the companies in the country to make instant payments for acquiring digital services from the globally recognized digital service provider companies

In a statement, the State Bank said now the local companies can access various services from these global companies instantly without any regulatory approval process.

The SBP said the aim of introducing this new mechanism is to further enhance the ease of doing business in the country.