SBP has extended a number of measures taken to mitigate the impact of the coronavirus pandemic from their original deadline of 30th Jun to 31st Dec’21. SBP said it has decided to provide relaxations to ease the challenges faced by banks, development finance institutions, and microfinance banks, and their accountholders due to the ongoing impact of the Covid-19 in the country. The requirement for acknowledgment of physical presence of the customer for opening accounts without biometric verification may be relaxed by banks, in case of bank accounts of legal persons/ arrangements where the signatories (persons authorised to open or operate the accounts) are unable to travel to Pakistan amid COVID-19 restrictions.
8/6/2021