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Monday, April 15, 2024

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State Bank of Pakistan issues environmental and social risk management implementation manual

PAKISTAN: The State Bank of Pakistan (SBP) has issued the Environmental and Social Risk Management Implementation Manual for Financial Institutions, to ensure compliance with minimum standards for environmental & social risk management in the financial sector, under its green banking guidelines.

Banks and development financial institutions are expected to fully implement environment and social risk management within three years of the issuance of the manual.

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