MUZAFFARABAD: The state-owned Bank of Azad Jammu and Kashmir (BoAJK) has taken a significant step towards acquiring a scheduling licence and embracing digitalisation by signing a Memorandum of Understanding (MoU) with Silverlake Axis, a globally renowned Malaysian company.

The MoU was signed during a ceremony held in Kuala Lumpur, Malaysia, followed by an exchange of documents, according to a press release issued by BoAJK spokesperson Ghulamullah Kiyani on Thursday.