SECP Mandates UBO Disclosures to Align Pakistan Banking and Corporate Governance with IMF Standards
The SECP has launched a nationwide drive requiring companies to disclose Ultimate Beneficial Owners by April 30, 2026, to curb illicit financial flows and meet IMF benchmarks.
Audit Exposes Rs10.2 Billion Irregularities and Governance Failures in Zarai Taraqiati Bank Limited
The Auditor General of Pakistan has uncovered Rs10.2 billion in financial irregularities, loan defaults, and governance failures at Zarai Taraqiati Bank Limited (ZTBL). The report reveals weak oversight, unverified loan disbursements, and arbitrary write-offs, urging a high-level inquiry to restore transparency and accountability in the state-run agricultural bank.