SBP to Set Up System for Bank Transaction Data Access

The State Bank of Pakistan (SBP) is reportedly moving to establish a comprehensive system that will allow it to access bank transaction data. This initiative is expected to bolster financial monitoring capabilities and promote greater transparency within the banking sector. Such a measure could potentially impact the informal economy and tax compliance efforts. Increased financial oversight by the SBP might contribute to greater stability in the financial system, which could indirectly influence the USD/PKR exchange rate.

بحوالہ / Source: www.dawn.com