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customer protection

SBP bars banks from unlawful account freezing

June 30, 2026 by maleeha zahid

The State Bank of Pakistan has directed banks across the country not to block customer accounts without legal authority, proper verification, and approval from the relevant competent authority. The new guidelines aim to protect account holders from unnecessary restrictions and ensure that banking actions remain fully compliant with the law. The decision follows an order […]

Filed Under: Business, Pakistan Tagged With: account freezing, bank accounts, banking rules, customer protection, Islamabad High Court, Latest, SBP guidelines

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