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FATCA & CRS

Common Reporting Standard (CRS)

In September 2016, Pakistan has signed the Multilateral Convention on Mutual Administration Assistance in Tax Matters and became 104th signatory to the Convention. FBR worked closely with local as well as international stakeholders and finalized Common Reporting Rules and notified the same vide S.R.O. 166 (I)/2017 dated March 15, 2017. With this, Pakistan has adopted the global Standard for Automatic Exchange of Financial Account Information in Tax Matters commonly known as the Common Reporting Standard (CRS) as developed by the By Organization for Economic Cooperation and Development (OECD).

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Most Popular Products

Current Account can be opened in one of the listed currency below with no restriction in the number of withdrawal and deposits.

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Al Baraka Business Plus Account has evolved with time to offer ease, flexibility and a wide range of unmatched free services. This product is specially tailored to match all the daily needs of business class and individual customers.

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Al Baraka Shafqaat Account has been introduced as socially responsible banking services for most valued segments of our society in order for them to make their routine transactions with premium customer support along with healthy return on their investment. Al Baraka is the only full-fledged Islamic bank to offer such account services for the target market mentioned herein. This account comes along with a wide range of free services and benefits.

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Al Baraka Mahana Barkah Account provides regular stream of halaal monthly income for lower and middle group customers with the same convenience and services of a regular savings account.

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