On 15 March 2017, the Pakistan Federal Board of Revenue issued Notification S.R.O. 166 (I)/2017 on final amendments to the Income Tax Ordinance for the implementation of the OECD's Common Reporting Standard (CRS) for the automatic exchange of financial account information. Under CRS, countries collect information on financial accounts of non-resident's and exchange that information with the respective countries that have also adopted the standard and have entered into an agreement for exchan…