FBR Launches Special Audit into Misuse of Customs Cash Rewards and Inadmissible Payments
The Federal Board of Revenue initiates a nationwide audit of cash rewards paid to customs officials following AGP reports of Rs 484 million in inadmissible disbursements.
SECP Approves New Annuity Products to Modernize Pakistan Retirement System and Financial Security
The Securities and Exchange Commission of Pakistan introduces a range of new annuity products including life-contingent and hybrid schemes to ensure stable post-retirement income.
State Bank of Pakistan Announces Bank Holiday on 1st Ramadan for Zakat Deduction
The State Bank of Pakistan declares a bank holiday on the first day of Ramadan 1447 A.H. for zakat deduction, with banks closed for public dealing while employees maintain normal operations.
Federal Government Appoints Imtiaz Haider as SECP Commissioner for Three-Year Term
The federal government has appointed seasoned capital markets expert Imtiaz Haider as Commissioner of the SECP for three years, bringing prior regulatory and stock exchange leadership experience back to the watchdog.
SBP Orders Banks and DFIs to Implement Pakistan Green Taxonomy for Green Banking Policies
The State Bank of Pakistan has instructed all banks and DFIs to adopt the Pakistan Green Taxonomy as the core framework for green banking policies, enhancing sustainable finance across the country.
Bank of Khyber Appoints Basharat Khan as Chief Compliance Officer to Strengthen Governance
Bank of Khyber appoints Basharat Khan as Chief Compliance Officer, reinforcing its commitment to regulatory compliance, risk management, and robust corporate governance standards in Pakistan’s banking sector.
NIBAF Hosts AML/CFT Training for Pak-China Investment Company’s MTOs to Strengthen Financial Compliance
NIBAF Pakistan organized a one-day training session on Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) for Management Trainee Officers of Pak-China Investment Company Limited (PCICL), aimed at enhancing awareness and compliance culture in Pakistan’s financial sector.
NIBAF Hosts Two-Day Prudential Regulations Training for Pak-China Investment Company’s MTOs
NIBAF Pakistan organized a two-day training on “Prudential Regulations – Corporate/Commercial Banking” for Pak-China Investment Company Limited’s MTOs, led by trainer Sayed Mahtab Haider, focusing on regulatory compliance and sound financial practices.
NCCPL to Collect Capital Gains Tax on October 30 for September Transactions
The National Clearing Company of Pakistan Limited will collect Capital Gains Tax on October 30 for September transactions, including PSX share disposals and mutual fund redemptions. Clearing members and AMCs have been instructed to ensure full compliance with NCCPL regulations.
NIBAF holds specialized Training of Trainers session on consumer protection and fair treatment in banking
NIBAF Pakistan conducted a specialized Training of Trainers session in Karachi to enhance understanding of consumer protection frameworks and promote fair treatment of customers across the banking sector.