A quiet but significant change has reshaped how banking information moves inside Pakistan’s financial system. SBP bank data access, once blocked by strict confidentiality law, is now written into the Income Tax Ordinance 2001, and it is already affecting how banks report large transactions. Background Pakistan’s banking confidentiality framework goes back decades, built on laws such as the Banking Companies Ordinance 1962 and the Protection of Economic Reforms Act 1992. Those laws made customer banking records largely off-limits to outside authorities, including tax officials, unless a specific legal process was…
Read MoreSBP Bank Data Access Explained: How Pakistan’s New Data Hub Actually Works
