State Bank bars banks from blocking accounts without legal grounds

ISLAMABAD – The State Bank of Pakistan has instructed all banks not to block customers’ accounts without a valid legal reason, approval from the competent authority, and proper verification. The directive was submitted to the Islamabad High Court as part of a compliance report following a court order. Justice Arbab Muhammad Tahir had directed the […] The post State Bank bars banks from blocking accounts without legal grounds appeared first on Daily Pakistan English News.