SBP introduced Basic Banking Account (BBA), requiring commercial banks operating in Pakistan to offer BBA to facilitate and provide basic banking facilities to the low income people in Pakistan. A typical BBA can be opened with a minimum deposit of Rs1,000 carrying no fee, no limit of minimum balance and offering full ATM facility. 2.
Looking ahead, from somewhat of a longer-term perspective, an uptrend in total cash earnings is expected to gradually become evident, accompanied by a pick-up in scheduled cash earnings, including base pay, on the back of the improvement in corporate profits and the rise in inflation expectations, in addition to tighter labor supply and demand conditions brought about by economic recovery.