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SBP Directs Blocking Payments for Subscribing Indian Online Contents

State Bank of Pakistan has banned online payment for subscribing Indian entertainment content.

In a circular issued to all banks, the SBP directed to block the payment to Indian content.

The central bank said that the decision had been taken on the directives of federal cabinet to stop different modes of payments including credit cards for subscribing Indian content in Pakistan including Zee5 video-on-demand service.

“In this regard, it is advised to ensure meticulous compliance of aforementioned instructions of the government of Pakistan and submit compliance status to PSD, SBP by November 13, 2020,” the central bank said.

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