Bilal Bin Saqib urges banks to embrace AI at LUMS dialogue
At a Lahore dialogue, Minister of State Bilal Bin Saqib said AI in banking sector tools for fraud, risk and service can help Pakistan build financial technology, not only buy it.
Minister of State and PVARA Chairman Bilal Bin Saqib urged Pakistani banks to invest in artificial intelligence at a PBA–LUMS dialogue in Lahore.
He said AI is already reshaping fraud detection, risk management, customer service, software engineering and day-to-day bank operations.
Pakistan’s annual remittances of about $41.6 billion make cheaper, better-supervised cross-border payments a priority, including Gulf corridors.
Saqib called for bank–university partnerships so local founders can test solutions and export technology rather than only import it.
He stressed coordination with the State Bank and other regulators, plus cybersecurity, consumer protection and accountability.