SBP Pushes Banks Toward Basel III Phase II Reforms to Bolster Sector Resilience
The State Bank of Pakistan has directed banks to implement Basel III Phase II reforms, focusing on credit risk, leverage ratios, and transparency, with a parallel run starting September 2025 to strengthen financial sector resilience.
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.