Trade Based Financial Crime Compliance
Navigating the complexities of trade finance compliance—clarity, strategy, and risk mitigation in one essential guide.
In an effort to boost protection of the country’s dwindling foreign reserves, the government has directed all importers to secure permission from Pakistan’s federal finance ministry for the opening of LCs. The move was taken to supplement State Bank of Pakistan (SBP) restrictions which cover only 15% of the country’s imports.
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