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.
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.
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.
State Bank of Pakistan 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 … Read more
State Bank of Pakistan 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 … Read more
State Bank of Pakistan 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 … Read more
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. A new amendment has been made part to the Income Tax Ordinance, 2001 through Tax Laws (Third Amendment) Ordinance, 2021. The Federal Board of Revenue (FBR) issued Circular No. 07 … Read more
State Bank of Pakistan KARACHI: The State Bank of Pakistan (SBP) on Thursday said it imposed monetary penalty of Rs525.23 million on eight commercial banks for violating regulatory provisions. The SBP imposed penalty during quarter ended June 30, 2021 on the following banks: 01. An amount of Rs11.1 million has been imposed as penalty on Bank Alfalah Limited. The … Read more
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 … Read more
KARACHI: State Bank of Pakistan (SBP) has imposed a monetary penalty of Rs272 million on four commercial banks for violating regulatory instructions related to Know Your Customer (KYC) and AML/CFT. According to details of significant enforcement action by the central bank issued on Wednesday, the SBP imposed penalty on the four banks during first quarter … Read more