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Business

February 10, 2018

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NBP, BE&OE, OPF & SLIC collaborate

KARACHI: The National Bank of Pakistan (NBP), Bureau of Emigration and Overseas Employment (BE&OE), Overseas Pakistanis Foundation (OPF) and State Life Insurance Corporation (SLIC) signed an agreement for BE&OE Protectorate Fee Collection system, a statement said on Friday.

This is a major step forward by the four organisations to offer an interoperable digital solution, enabling the citizens of Pakistan who are traveling abroad for employment to pay their protectorate fee through NBP digital platform, it added.

The agreement was signed by Saeed Ahmed, CEO / president of NBP; Shoaib Mir, chairman of SLIC; Habib Gilani, managing director of OPF; and Kashif Noor, director general of BE&OE in the presence of senior officials from all the organisations.

This initiative will not only open fee collection at numerous branchless banking outlets of partner organisations of NBP, but will also remove the previously practiced manual mechanism of payment through three banks. This, in turn, will facilitate the intending one million annual overseas employment emigrants of Pakistan, it added.

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