The State Bank of Pakistan (SBP) Tuesday categorically rejected allegations of its involvement in money laundering.

The SBP in a statement said, “Apropos the statements made by Member National Assembly (MNA) Asad Umar, during a meeting of the National Assembly Standing Committee on Finance, Revenue, Economic Affairs, Statistics and Privatisation, it is unfortunate that allegations of involvement of State Bank of Pakistan (SBP) in money laundering have been made.”

It was also alleged by Mr Umar that SBP has not provided information for the last four months regarding investments made by Pakistanis in Dubai properties.