02-22-2003, 12:40 AM
I was just commenting on the general business environment in Pakistan.
Yes, i do recognize that there is a growing awareness in Pakistan, especially in the banking sector, but before any such endeavor could be taken up by the banks, proper legistlation is also required to strengthen the hands of the banks going forward inthis direction. In the early and mid-90's with the advent of internet, western governments realized the potential of this medium and accordingly created appropriate legistlation. Sadly, although our government loves to blow its own trumpet, but it fails to provide appropriate legistlation.
As from what i've heard is, and hehehe... some of it is authentic insider info, although a lot has been splashed in the media about it, MCB and Habib Bank have yet to start remote account management through the internet. Check out the MCB and Habib Bank websites for more info. Yes, ATM facilities and services are being enhanced and within a year or two, we would even be able to buy a bakra through an ATM! <img src=icon_smile.gif border=0 align=middle>
SWIFT and wire services are being used for a number of years now. hmmm ... would like to know more about IBAN... can u point out a few websites on this subject to me?
E-card is just a safety precaution introduced by the credit card companies in the light of the recent cases of misuse of credit card numbers by some of our Pakistani brethren. Its just a sort of a supplementary credit card which can be used over internet in place of the regular card.
Yes, i do recognize that there is a growing awareness in Pakistan, especially in the banking sector, but before any such endeavor could be taken up by the banks, proper legistlation is also required to strengthen the hands of the banks going forward inthis direction. In the early and mid-90's with the advent of internet, western governments realized the potential of this medium and accordingly created appropriate legistlation. Sadly, although our government loves to blow its own trumpet, but it fails to provide appropriate legistlation.
As from what i've heard is, and hehehe... some of it is authentic insider info, although a lot has been splashed in the media about it, MCB and Habib Bank have yet to start remote account management through the internet. Check out the MCB and Habib Bank websites for more info. Yes, ATM facilities and services are being enhanced and within a year or two, we would even be able to buy a bakra through an ATM! <img src=icon_smile.gif border=0 align=middle>
SWIFT and wire services are being used for a number of years now. hmmm ... would like to know more about IBAN... can u point out a few websites on this subject to me?
E-card is just a safety precaution introduced by the credit card companies in the light of the recent cases of misuse of credit card numbers by some of our Pakistani brethren. Its just a sort of a supplementary credit card which can be used over internet in place of the regular card.
