A business leader in one of Pakistan’s most export oriented cities, Sialkot, has complained to the State Bank of Pakistan (SBP) about the negative impacts of its recently launched Framework for Managing Risks of Trade Based Money Laundering and Terrorist Financing.

Sialkot is notable for its clustering of world-class sports goods companies, one of which supplied the footballs for the FIFA 2014 World Cup, while the city’s export focused surgical instrument manufacturing industry comprises hundreds of small- and medium-sized enterprises, supported by thousands of subcontractors and suppliers.

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