Finance Act 2019: SBP to assist Customs against illegal fund transfers
ISLAMABAD: State Bank of Pakistan (SBP) will assist customs authorities in prevention of illegal inward or outward transfers of funds. According to Finance Act, 2019 a new Section 32C has been inserted to Customs Act, 1969, which stated: “32C. Mis-declaration of value for illegal transfer of funds into or out of Pakistan.- (1) Without prejudice […]