Ms. Saima Hameed Leads Digital Banking Innovations at SBP

Ms. Saima Hameed, Joint Director of the Banking Policy and Regulations Department at the State Bank of Pakistan (SBP), boasts an impressive 22-year career in the banking sector. Her extensive experience includes eight years in commercial banking and 14 years in various pivotal roles at the Central Bank of Pakistan.

As Joint Director of the Exchange Policy Department-SBP, Ms. Hameed has been instrumental in shaping and implementing policies related to foreign direct investment (FDI), remittances, and other crucial areas. Her notable contributions include significant roles in SBP’s initiatives such as the Roshan Digital Account and the digitization of Proceeds Realization Certificates for inward remittances.

A Certified Professional Trainer, Ms. Hameed actively conducts knowledge-sharing sessions on SBP policies and initiatives. Her expertise in foreign exchange (FX) policy is well-documented through numerous articles in SBP publications and her role in preparing the IMF’s Annual Report of Exchange Arrangements & Exchange Restrictions.

In her sessions, Ms. Hameed delves into the variety of digital bank accounts available in both Pakistani Rupees (PKR) and foreign currencies. For PKR, options include the Asaan Mobile Account (AMA) and the Freelancer Digital Account (FDA). For foreign currencies, offerings range from Freelancer Digital Accounts to Offshore Bank Accounts for individuals and entities.

Ms. Hameed also provides insights into permissible transactions via internet and mobile banking, detailing regulations for various digital banking products. These encompass credit and debit cards for point-of-sale and e-commerce transactions, Raast (Pakistan’s Instant Payment System), and the Naya Pakistan Certificates. Additionally, she covers the Roshan series, which includes Apna Ghar, Apni Car, Equity Investment, Samaji Khidmat, and Pension Plan.

For more detailed information, you can refer to the https://www.sbp.org.pk/psd/pdf/PS-Review-Q1FY24.pdf 

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