The State Bank of Pakistan has decided to disclose significant enforcement actions through its website.
Enforcement actions are an integral part of a regulatory regime, which involves the imposition of monetary penalties and other actions against institutions and individuals for violations of laws, rules, regulations, guidelines or directives issued by SBP from time to time.
In order to bring more transparency and strengthen market discipline, SBP has decided to disclose significant enforcement actions through the SBP website.
Meanwhile, SBP on Tuesday injected Rs245.5 billion into the money market for three days as reverse repo purchase through its open market operation.
In another notification, SBP informed that it will remain closed from 12th to 15th August (Monday to Thursday) on the occasion of Eidul Adha. It may, however, be noted that August 17 (Saturday) will be observed as working day.