PESHAWAR (Pajhwok): Pakistani banks have frozen accounts of more than 200 religious schools in compliance with instructions from the central bank, a media report said on Monday.
The State Bank of Pakistan (SBP) has ordered the freeze to track sources of seminaries’ funding and choke terror financing under the National Action Plan, The Express Tribune reported.
Banks have stopped opening fresh accounts for seminaries before they are registered under a new mechanism introduced by the Religious Affairs Ministry, according to the newspaper.
An unnamed official . . .
