The network structure needs to be updated and services to customers are starting to fall behind those available in other countries. In the past, the Reserve Bank has identified real-time internet payments, business-to-business payments and online payment mechanisms as examples where progress has been made overseas but not, to date, in Australia.
These complications could magnify vulnerabilities since the after affects of financial market turmoil is still unfolding even though the present slow down in advanced economies is already impacting demand for Asian exports including Pakistani exports.