Central Banking

Pakistan State Bank directs banks to set up ATM's

PAKISTAN - State Bank of Pakistan has directed all the domestic banks either to establish at least two auto-cash telling machine (ATMs) or join the existing Switch Network to ensure payment of salaries to government employees through ATM system.

Central banks direction to domestic banks is a part of a Task Force of the Ministry of Science and Technology that has floated the idea of the payment of salary and allowances to government employees through ATMs.

The central bank says that in order t

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