Regulatory

SBP Opens Cohort Two Sandbox for AI Financial Services Innovation in Pakistan Until November 30

Regulatory NextWallet Desk -
The State Bank of Pakistan invites applications for Regulatory Sandbox Cohort 2, focusing on AI-driven financial services, credit assessment and fraud detection, with a deadline of November 30, 2026.

Swich Encourages Fintechs To Apply For SBP Regulatory Sandbox As Second Cohort Accepts Applications 

Regulatory NextWallet Desk -
Swich reflects on its participation in the State Bank of Pakistan’s first Regulatory Sandbox cohort and encourages fintechs to apply for the second round.
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SBP Introduces Pakistan Express Clearing System To Digitize Cheque Processing Across Pakistan by April 2027

Regulatory NextWallet Desk -
State Bank of Pakistan launches PECS to digitize cheque clearing through image-based processing, with nationwide implementation planned by April 2027.

PSX and ICAP Discuss Green Taxonomy And ESG Disclosure Requirements For Pakistan Cement Sector

Regulatory NextWallet Desk -
PSX and ICAP hold a consultative session on Pakistan Green Taxonomy requirements and revised SECP ESG Disclosure Guidelines for the cement sector.

SBP Adopts AAOIFI Tawarruq Standard and Issues New Guidelines for Islamic Banking Institutions Across Pakistan

Regulatory NextWallet Desk -
The State Bank of Pakistan has adopted new Tawarruq standards and issued guidelines to improve Shariah compliance across Islamic financial institutions.

SECP Creates Corporate Intelligence Unit to Identify Ponzi Schemes and Unlicensed Financial Activities Across Pakistan

Regulatory NextWallet Desk -
SECP has approved a Corporate Intelligence Unit to identify suspected financial fraud, monitor public information and protect investors from illegal schemes.

Pakistan and Mashreq Bank Explore Digital Finance, Financial Inclusion, and Potential Further Panda Bond Issuances

Regulatory NextWallet Desk -
Pakistan and Mashreq Bank have discussed digital banking, financial inclusion, blockchain, Sukuk and potential additional Panda bond issuances.

SECP Issues Targeted Financial Sanctions Guidebook To Improve Compliance And Prevent Illicit Financial Activities In Pakistan

Regulatory NextWallet Desk -
SECP has issued a Targeted Financial Sanctions Guidebook to help regulated entities screen customers, freeze designated assets and comply with Pakistan’s AML/CFT/PF requirements.