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Summary SBP had termed report reckless.
(Dunya News) – State Bank of Pakistan (SBP)—nearly two years ago— had categorically rejected World Bank’s (WB) report pertaining to alleged money laundering into India while citing it as reckless, fabricated and untrue, observed Dunya News.
In an announcement made on September-21, 2016, a sum of $20000 was transferred from Pakistan to India in fiscal year 2014-15 whereas $327000 were transferred from India to Pakistan during the same period.
Likewise, $11600 were transferred from Pakistan to India in FY 2016-17 whereas $319000 were transferred from India to Pakistan.
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