SBP to Establish Centralized Digital System for Banking and Tax Data
The State Bank of Pakistan will establish a centralized digital system to process banking information and transactions, with data from accounts crossing Rs100 million subject to automated tax cross-checking.
SBP to Establish Centralised Bank Data Repository Under New Tax Law Amendment
The State Bank of Pakistan will establish a secure centralised banking data repository under amendments to the Income Tax Ordinance, with transactions above Rs100 million subject to automated tax-data cross-matching.
Pakistan Seals Record Rs 1.29 Trillion Banking Deal to Tackle Circular Debt, Sets Stage for Deeper Reforms
Pakistan finalizes its largest-ever banking transaction of Rs 1.29 trillion to address power sector circular debt, marking a critical step in economic stabilization. PBA Chairman warns sustainable solutions depend on continuing governance and sector reforms.