Ashraf Mahmood Wathra: Payment systems and correspondent banking in the SAARC region Speech by Mr Ashraf Mahmood Wathra, Governor of the State Bank of Pakistan, at the National Institute of Banking & Finance (NIBAF), Islamabad, 16 May 2016. *  *  *  Ladies and Gentlemen: Assalam-o-Alaikum and Good Morning.
This work has now been completed and the project is proceeding to the next phase which entails thinking about the most suitable transition approach to be adopted by South Africa. As its work is advancing, the MPG intends to keep all stakeholders informed of its progress and the next steps, and this is why we are here today.