Regulatory

SBP Invites Fintechs to Test Payment Innovations Under Regulatory Sandbox With Applications Open Until November 30

Regulatory NextWallet Desk -
The State Bank of Pakistan is accepting applications for its second Regulatory Sandbox cohort, including innovations in payments, AI and digital remittances.

Pakistan Raises Cash Reporting Threshold To Rs3 MillionAas Regulators Expand Financial Crime Monitoring And Virtual Asset Oversight

Regulatory NextWallet Desk -
Pakistan has raised the mandatory cash transaction reporting threshold from Rs2 million to Rs3 million as part of wider anti-money laundering reforms.
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Pakistan Adds PVARA To Anti-Money Laundering Framework To Improve Crypto Oversight And Terror Financing Controls

Regulatory NextWallet Desk -
Pakistan has approved adding PVARA to the Anti-Money Laundering Act framework, expanding oversight of virtual assets and financial crime risks.

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.

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.