Tag: Central Data Hub

State Bank Gains Access To Centralized Bank Transaction Data System To Report Transactions Above Rs100 Million

Income Tax Ordinance amendment lets SBP run a central data hub, requiring banks and EMIs to report transactions above Rs100 million for tax matching.

Banks And Electronic Money Institutions To Upload Large Transactions To Central Hub

FBR mandates banks and electronic money institutions to e-upload data on deposits and withdrawals above Rs100 million to a new Central Data Hub for tax matching.