The State Bank of Pakistan (SBP) announced the launch of a new price verification portal by Pakistan Single Window (PSW). This initiative aims to bolster banks' due diligence against trade-based money laundering and terrorist financing, improving the verification of import and export prices. Banks are mandated to integrate with the portal by July 31, 2026, to enhance transparency and curb illicit financial flows. This move could strengthen the official foreign exchange market, potentially supporting PKR stability by reducing informal trade channels.
بحوالہ / Source: www.brecorder.com