With the new central repository at SBP for information on external investment, the requirement for paper-based recordkeeping at banks should be eliminated
Reform ID		F524
Description		Before: Authorized Dealers were required to both upload external investment data to SBP's Performance Evaluation System for Investment Abroad and simultaneously maintain physical paper-based records of the same information for 10 years. This dual paper-and-digital recordkeeping requirement was redundant, costly, and created unnecessary storage and compliance burdens for banks.
Department		State Bank of Pakistan - SBP
Jurisdiction / Location		Federal - Entire Pakistan
Sector
Start Date
Target Deadline		15-04-2026
Date Enacted
Implementation Status		In Progress
Progress		0%
CCORR Direction
Cost Savings PKR (Mil.)
Evidence