*ISLAMABAD - In the **State Bank of Pakistan crackdown against money laundering, heavy penalties on 10 private banks have been imposed.* *The State Bank of Pakistan has imposed over Rs850 million penalties on 10 private banks over “deficiencies” in the areas of anti-money laundering ...

ISLAMABAD: (APP) Minister for Commerce, Engineer Khurram Dastgir Khan Tuesday directed the representatives of banks to furnish viable proposals for the facilitation of banking transactions for trade with Iran within a month.The Minister was chairing a meeting with State Bank of Pakistan (SBP) and ...