Central Banking

Pakistan soon to launch RTGS system

The president of telecoms company PTCL, Muhammad Abdullah Bamakhrama, has said it will soon provide its latest and state-of-the-art Real Time Gross Settlement (RTGS) system to the State Bank of Pakistan.

"The PTCL president assured (the SBP) of complete cooperation in providing latest and cutting edge telecom facilities and full technical assistance in this regard to all banks," said a Pakistan Telecommunication Co statement issued on Thursday after a meeting between the PTCL chief and central