ISLAMABAD: In a move to curb economic activity by non-filers, banks will be prohibited from allowing cash withdrawals exceeding a specified limit from the accounts of ineligible persons, as outlined in the amended Finance Bill (2025-26).
This new regulation will take effect from July 1, 2025, and targets non-filers specifically.
The amendment revises Section 114C (Restrictions on Economic Transactions by Certain Persons) of the Finance Bill 2025-26.
Previously, the original bill proposed that banks would be barred from opening or maintaining existing current, savings, or investor portfolio securities accounts—excluding Asaan and Pensioner Accounts—for individuals designated by the Federal Board of Revenue (FBR).
Read More : https://epaper.brecorder.com/2025/06/27/1-page/1055203-news.html
