Governor SBP Dr. Reza Baqir unveils Asaan Mobile Account to enable opening of branchless banking accounts

Governor State Bank of Pakistan, Dr. Reza Baqir, unveiled the Asaan Mobile Account (AMA) today in a launch ceremony held at SBP headquarters Karachi. AMA allows opening of a branchless banking account by dialing a simple code *2262# on a mobile phone. The account holder can then deposit money in his or her account at any branchless banking agent and use the same for transactions through mobile phone. AMA is an initiative of State Bank of Pakistan (SBP) to achieve National Financial Inclusion Strategy (NFIS) target of promoting digital financial inclusion in the country. AMA has been launched with the key support of various stakeholders including PTA, NADRA, Branchless Banking (BB) Providers, Cellular Mobile Operators (CMOs) and Virtual Remittance Gateway (VRG). VRG has been licensed jointly by SBP and PTA under the regulations for mobile banking interoperability. The launch ceremony was chaired by Dr. Reza Baqir, Governor SBP and addressed by Ms. Sima Kamil, Deputy Governor SBP, Chairman PTA Major General (R) Amir Azeem Bajwa HI (M), Chairman NADRA Mr. Muhammad Tariq Malik and Mr. Ikram Sehgal, Chairman VRG. The ceremony also witnessed signing of a Memorandum of Understanding (MoU) among 13 branchless banking service providers. The MoU was signed to affirm their commitment in facilitating customers through continued collaboration for more innovations in line with NFIS vision.

While speaking on the occasion, Dr. Reza Baqir thanked the stakeholders for their contributions that culminated into the successful launch of the AMA initiative. He said that AMA is expected to bring a significant increase in bank account opening and the lack of internet access or proximity to branchless banking outlets/bank branches would no longer be barriers for Pakistanis to access financial services. Accounts can now be opened simply by dialing a USSD code *2262# from any mobile phone (smart or simple feature phone) through any mobile network, without requiring internet connectivity. Customers will have the choice to choose from any of the 13 branchless banking service providers that are currently offering AMA. 

Governor Baqir highlighted that the AMA would play an important role in enhancing digital access and use of formal financial services in the country. He added that Pakistan has over 187 million biometrically verified mobile subscribers with Tele-density of around 85%, however; there are only 106 million 3G/4G subscribers with mobile internet penetration standing at 48%. This gives us the potential market of around 81 million mobile subscribers which don’t have access to internet and could become users of AMA if provided with the right value proposition. 

AMA will particularly help low income segments with non-digital phones and no access to internet to enjoy banking as it offers a simpler process, such as dialing a code, to avail financial services. Moreover, AMA will be a highly suitable platform to onboard Pakistani women customer segments as well since they face greater obstacles in accessing formal financial services due to mobility, cultural and documentation issues. AMA with its ease of use will be instrumental in bringing the next 50 million Pakistanis under the banking ambit. 

This initiative is also in line with Government of Pakistan’s holistic approach of “Digital Pakistan” initiative to enhance access & connectivity, digital infrastructure, and innovation. Now, the Government will also have the option to use this channel for disbursing money under the flagship poverty alleviation Ehsaas Program to reach 15 million beneficiaries.

Rampant corruption mars KW&SB

 By Abdul Qadir Qureshi 

(Pakistan News & Features Services)

Corruption and mismanagement at the Karachi Water and Sewerage Board (KW&SB) seem to have become so rampant and the menace was only to grow further to the extent of being irreversible if most drastic action was not initiated to overcome it. 

The situation in this public utility organization is reported to have reached its present stage due to malpractices carried out at the behest of the various political parties who desired to have their maximum possible control at this organization as they considered it a goose delivering golden eggs. 

A number of official documents containing disgusting material verified the growing concerns about the ruining of this particular organization which enjoyed good reputation in the past in the absence of political interventions. 

One of documents showed the name of one Aijaz Kazmi, a Superintending Engineer (BS-19), in his last quarter of service, getting himself posted in BS-20 as Deputy MD Planning on OPS basis in gross violation of order of Supreme Court and is maneuvering to get himself promoted to BS 20. 

According to the documents, next to him ready to join the cruise and ride on the BS-20 slots, were Mohammed Saqib and Shoaib Tughlaq, both enjoying BS-20 OPS as DMD and Secretary KWSB, against the orders of the Supreme Court. They were believed to have made their way from low clerical ranks and through out of turn promotions. 

They were shown in lower cadre rank until 2006-07 when more than 100 tax officers (BS-17) in the 1987 to 1094 had 15 to 20 years of service. Shoaib and Tughlaq, with some other clerks, jumped to grade BS-18 in Accounted and Administration, allegedly by tempering the records. 

Shakil Qureshi, Tariq Latif, Ayub Shaikh, Hashim Abbas, Khurram Shahzad, thought to be enjoying blessings of a political party, have reportedly extended total support for Aijaz Kazmi. They were also believed to be supported MD Asadullah and Prof Sarosh Lodhi, Vice Chancellor of NED University, who is also a member of KWSB. The Board’s HR Committee headed by Abdul Kabir Kazi and the Managing Director was also toeing similar line in promotion proposal. 

The documents revealed that Aijaz Kazmi and some others were facing enquiry on the order of Chief Minister, having been charge sheeted by the Chief Secretary for causing loss of billions of rupees to exchequer. The projects of K4, S3, Dhabeji Pumping, 35 MW Power Generation, Rehabilitation of Filter Plants and 100 MGD and 65 MGD projects have either failed or left incomplete, causing grave losses of government funds, due to the rampant corruption culture at the KW&SB. 

Meanwhile The Chief Secretary Sindh has submitted lists under enquiry officers in the High Court on court direction, advising that these officers could not be be considered for promotion. A notification issued by the Local Government has also reasserted that officers will not be considered for potion until cleared/exonerated from enquiries.