Ombudsperson Fines State Bank of Pakistan Rs500,000 for Denying Paternity Leave Under 2023 Law
Federal Ombudsperson Fauzia Viqar fines SBP Rs500,000 for unlawfully denying 30 days’ paternity leave, calling it workplace discrimination and a violation of the Maternity and Paternity Leave Act 2023.
SBP Enforces Mandatory H.S. Codes in Trade Transactions to Combat Money Laundering Risks
The State Bank of Pakistan has made H.S. Codes and detailed product information mandatory in all trade-linked financial instruments, aiming to combat trade-based money laundering, enhance transparency, and strengthen the country’s financial oversight framework.