Resolving issues related to proof of address
Reform IDF545
DescriptionThe SBP framework addresses proof of address constraints by allowing use of address information from SECP certificates of incorporation and CNIC, reducing reliance on utility bills and lease agreements for low-risk customers. The CCOF introduces provisions to eliminate utility bill proof of address for low-risk customers.
DepartmentState Bank of Pakistan - SBP
Jurisdiction / LocationFederal - Entire Pakistan
SectorAll Sectors
Start Date
Target Deadline
Date Enacted
Implementation StatusCompleted
Progress 100%
CCORR Direction
Cost Savings PKR (Mil.)
Evidence