KARACHI (web desk) - The state financial institution of Pakistan (SBP) has categorically denied a information object published in a leading English language newspaper referring to the undeclared 18 bank money owed of Pakistan Tehreek-i-Insaf (PTI) to the Election commission of Pakistan (ECP).

A press launch issued with the aid of the primary financial institution states: "SBP neither continues the database of banks’ person accountholders nor possesses any associated records / report thereof. Banks being the custodian of customers’ records may additionally directly offer this statistics to various organizations, on case-to-case foundation, as per technique laid down underneath the respective legal guidelines. Therefore, it is out of question that SBP has suggested 18 undeclared bank money owed of PTI out of total 26 to the ECP as mentioned by using a English language newspaper."

"In reality, throughout July 2018 ECP approached SBP for assistance to gain the bank money owed related records of PTI from 2009 to 2013 as consistent with fee’s mandate enshrined within the charter of Islamic Republic of Pakistan and the Election Act, 2017. SBP while discharging of its obligations advised all banks to offer the required records / records immediately to ECP through due date, as in keeping with method laid down beneath the regulation."