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NADRA and SBP lead collaborative reforms for financial stability in Pakistan
Feb. 12, 2024, 5:36 p.m. | Ghulam Shabir Arain
Biometric Update www.biometricupdate.com
The State Bank of Pakistan (SBP) and the National Database and Registration Authority (NADRA) are leading transformative efforts in a strategic collaboration to strengthen Pakistan's economic resilience. The Federal Board of Revenue (FBR) and NADRA have partnered to extend the tax base through creative data integration, while the SBP has instituted a novel biometric verification requirement for foreign currency transactions above US$500. These recent developments demonstrate a dual-pronged strategy. Together, these efforts represent a comprehensive plan to tackle the country's …
authority bank base biometric identification biometrics biometrics news board civil collaboration data database data integration digital government digital id economic federal financial id for all in depth integration nadra national national id pakistan registration resilience revenue stability state strategic tax
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