Participating banks will be able to perform assessments of their customers using information available at any other bank using the new platform.
March 4, 2023The arrangement will enable Chinese and Pakistani companies and FIs use RMB in cross-border transactions, thereby promoting trade and investment between the two countries.
November 3, 2022IFRS 9 will prompt a one-off increase in banks' loan-loss provisioning, diminishing shareholder capital. Banks will also be pressured by increased taxes.
July 19, 2022The laws cover the handling of forfeited properties and assets, and the transfer of money laundering cases to specialised agencies.
May 15, 2021State Bank of Pakistan guidelines to promote a “compliance culture” in banks and encourage the adoption of a risk-focused approach to compliance.
August 10, 2017Pakistan is considering creating a Council of Financial Regulators that will provide a forum for open dialogue and discussion between regulators on financial markets.
September 20, 2015Government officials have ordered the State Bank of Pakistan to stop commercial banks from misusing the term ‘politically exposed persons’ (PEPs) to deny financial services to citizens.
August 20, 2015