The State Bank of Pakistan (SBP) wrote letters to heads of commercial banks directing them to open accounts for mosques, non-governmental, non-profit organizations and charities, reported 24NewsHD TV channel on Thursday.
Stakeholders have expressed their concern over the non-opening of mosques’ accounts.
The trend of not opening accounts is a barrier to financial inclusion and documenting the economy. Hence, banks were directed to provide equal opportunities to all and also open Trust Societies and Associations bank accounts.
The SBP also advised banks to urge the unregistered mosques to get registered.
Reporter: Ashraf Khan