With the new central repository at SBP for information on external investment, the requirement for paper-based recordkeeping at banks should be eliminated
Reform IDF572
DescriptionBefore: 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.
DepartmentState Bank of Pakistan - SBP
Jurisdiction / LocationFederal - Entire Pakistan
SectorAll Sectors
Start Date04-02-2026
Target Deadline
Date Enacted
Implementation StatusIn Progress
Progress 0%
CCORR Direction
Cost Savings PKR (Mil.)
Evidence