KARACHI: The State Bank of Pakistan (SBP) has directed banks to open new accounts within two days as part of efforts to enhance financial inclusion and improve customer experience.

In a statement, the SBP said it has simplified the account opening process for both individuals and businesses, and instructed regulated entities (REs) to offer digital payment acceptance solutions to merchants operating in-store and online.

“State Bank has advised regulated entities to ensure that the turnaround time for new account opening does not exceed two days for the general public,” said........

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