In order to bring about account code standardization and
efficiency in processing of payments for domestic as well
as cross border transactions, State Bank of Pakistan has
decided to implement International Bank Account Number (IBAN)
standard in Pakistan that is an international standard (ISO
13616) for identifying bank accounts across borders.
The attached IBAN guidelines contain details for IBAN generation,
validation and implementation timelines. These guidelines
have been developed in consultation with PBA nominated committee
on IBAN. All participants are advised to ensure implementation
of IBAN as per given timelines..
Please acknowledge receipt.
IBAN Implementation Guidelines.