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State Bank Raises Currency Transaction Report Threshold to Rs3 Million

November 13, 2026 • 13 minutes ago •

KARACHI: The State Bank of Pakistan (SBP) has announced an increase in the Currency Transaction Report (CTR) threshold to Rs3 million, effective immediately. This adjustment raises the previous threshold of Rs2 million as outlined in the Financial Monitoring Unit (FMU) Guidelines for Reporting Entities 2021.

Under the new regulations, reporting entities are now required to report only cash transactions that meet or exceed the specified amount to the FMU. The SBP emphasized that timely and accurate reporting is crucial for developing quality financial intelligence reports, which play a vital role in combating financial crimes.

This change is significant for businesses and financial institutions, as it reduces the volume of transactions that need to be reported, potentially easing administrative burdens. However, it also underscores the importance of compliance with the Anti-Money Laundering Act of 2010, which mandates that all CTRs must be filed with the FMU within seven working days of the transaction.

As the SBP continues to refine its regulatory framework, stakeholders can expect further developments aimed at enhancing financial transparency and integrity in the banking sector. The implications of this change will be closely monitored by financial analysts and institutions across the country.

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