Regulatory

HugoBank Receives SBP Approval to Begin Pilot Digital Banking Operations

Regulatory webdesk -
HugoBank has received SBP approval to begin pilot operations, allowing it to test digital banking products with a limited customer base.

SBP Caps Digital Payment Charges at Petrol Pumps to Boost Raast Adoption

Regulatory webdesk -
SBP has capped card payment charges at fuel stations and directed banks to expand Raast QR acceptance until January 31, 2027.
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PayPak Cards May Become Mandatory for Government Salaries and Subsidies

Regulatory webdesk -
1LINK has proposed mandatory PayPak cards for government salaries, subsidies and public payments as Pakistan expands domestic digital payment infrastructure.

Lahore High Court Rules P2P Crypto Trading Alone Is Not Illegal

Regulatory webdesk -
Lahore High Court rules that P2P crypto transactions and receiving related funds in bank accounts alone do not constitute fraud or electronic crime.

SBP Holds Policy Rate Unchanged at 11 Point 5 Percent Amid Economic Recovery and Geopolitical Risks

Regulatory webdesk -
State Bank of Pakistan maintains the policy rate at 11 point 5 percent as the Monetary Policy Committee balances moderating inflation, improving FX reserves, and Middle East conflict risks.

New SECP Digital KYC Framework Via IBAN Verification Facilitates Fast Investor Onboarding

Regulatory webdesk -
The Securities and Exchange Commission of Pakistan introduces IBAN-based digital verification to simplify customer onboarding and modernize the financial ecosystem.

National Accountability Bureau and Securities and Exchange Commission of Pakistan Strengthen Regulatory Ties

Regulatory webdesk -
The leadership of NAB and SECP meet at the corporate regulator head office to enhance institutional cooperation and coordinate frameworks.

SECP Approves Second SPAC IPO to Boost Capital Market Listings

Regulatory webdesk -
The Securities and Exchange Commission of Pakistan approves the LSE SPAC-II initial public offering marking the fourteenth market listing for the fiscal year.