penalty Archives - Pkrevenue.com

SBP Penalizes Four Commercial Banks with Rs 83.16 Million for Regulatory Violations

October 24, 2023October 24, 2023Shahnawaz Akhter

Karachi, October 24, 2023 – The State Bank of Pakistan (SBP) has taken strict measures against four commercial banks, imposing a total monetary penalty of Rs 83.16 million due to regulatory violations.

Lady Customs Officer Penalized for Inefficiency and Misconduct at Islamabad Airport

September 5, 2023September 5, 2023Mrs. Anjum Shahnawaz

Islamabad, September 5, 2023 – The Federal Board of Revenue (FBR) has imposed a significant penalty on a lady customs officer Ms. Faiza Naeem, an Appraising Officer stationed at the Air Freight Unit, Islamabad International Airport.

SBP’s Regulatory Crackdown: 11 Banks Slapped with Rs 575 Million in Fines

July 27, 2023July 27, 2023Shahnawaz Akhter

Karachi, July 27, 2023 – The State Bank of Pakistan (SBP) has taken a firm stance against regulatory violations in the banking sector, imposing a total monetary penalty of Rs 575 million on 11 banks during the first half (January – June) of calendar year 2023.

SBP penalizes five banks with Rs224 million for regulatory violations

May 24, 2023May 24, 2023Faisal Shahnawaz

Karachi, May 24, 2023 – The State Bank of Pakistan (SBP) has taken strict action against five commercial banks for violating regulatory provisions, including anti-money laundering (AML) laws.

SBP imposes penalty of Rs109 million on four banks

April 27, 2022April 27, 2022Faisal Shahnawaz

KARACHI: The State Bank of Pakistan (SBP) has imposed an amount of Rs109 million as monetary penalty on four banks for violating regulatory provisions, including anti-money laundering (AML) and countering financing of terrorism (CFT). READ MORE: SBP imposes Rs1.45 billion penalty on 18 banks in 2021 The central bank on Wednesday issued details of monetary […]

SBP imposes Rs1.45 billion penalty on 18 banks in 2021

February 11, 2022February 11, 2022Faisal Shahnawaz

KARACHI: The State Bank of Pakistan (SBP) has imposed Rs1.45 billion as monetary penalty on 18 financial institutions for violating regulatory provisions during the year ended December 31, 2021. According to data compiled by PkRevenue.com related to significant action taken during the year 2021, the SBP imposed Rs1.45 billion as monetary penalty on 18 financial […]

SBP imposes penalty of Rs58 million on five banks

February 8, 2022February 8, 2022Hamza Shahnawaz

KARACHI: The State Bank of Pakistan (SBP) has imposed penalty of Rs58 million on five commercial banks for violating regulatory provisions during quarter ended December 31, 2021. According to an official note released on Tuesday, the SBP said it had imposed penalty on five commercial banks, included: Bank Alhabib Limited, The Bank of Punjab, Standard […]

Non-filing penalty of each day default implements

October 16, 2021January 23, 2024Faisal Shahnawaz

ISLAMABAD: A penalty of Rs1,000 each day of default has been implemented from Saturday after the expiry of return filing date on October 15, 2021.

SBP imposes monetary penalty on eight banks

August 5, 2021November 17, 2023Faisal Shahnawaz

KARACHI: The State Bank of Pakistan (SBP) took decisive action on Thursday, announcing hefty monetary penalties totaling Rs525.23 million against eight commercial banks for violating regulatory provisions during the quarter ended June 30, 2021.

MCB Bank pays penalties amounting Rs191.76 million

March 6, 2021March 6, 2021Mrs. Anjum Shahnawaz

KARACHI: MCB Bank has paid an amount of Rs191.76 million as penalties for various regulatory violations during the year ended December 31, 2020. According to financial results released by the bank for the year ended December 31, 2020, the bank paid the amount of Rs191.76 million to the State Bank of Pakistan (SBP) as penalties […]

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