In many circumstances, the relevant entities already have an entrepreneur providing photocopy services only a few places away. A visit to a bank to either deposit or withdraw funds is often never complete until a photocopy of the CNIC is provided. Almost every bank branch already has a photocopy machine, and a dedicated resource just to manage the same. The regulator has mandated that over-the-counter transactions are accompanied by a photocopy of CNIC, without any regard to the materiality of the amount. We can either be a photocopy nation, or we can be a nation that values productivity and efficiency over everything else.

Source: The Nation October 30, 2022 02:31 UTC