Tag: financial innovation Pakistan

Pakistan’s Virtual Assets Regulatory Authority (PVARA) has begun deliberations on lifting the State Bank of Pakistan’s 2018 ban on cryptocurrencies. The authority’s first board meeting also set out a roadmap for licensing, regulation, AI-driven risk management, and global integration of Pakistan’s virtual asset ecosystem.

KT Bank Pakistan has officially rebranded to Buraq Bank Pakistan Limited, following approval from SECP. The bank aims to launch soon with a focus on Islamic banking, technology-driven solutions, and trust-based services.

InfraZamin Pakistan, Sunridge Foods, and BankIslami have launched Pakistan’s first fully subscribed Agri-Infrastructure Sukuk worth PKR 2 billion at a PSX gong ceremony. This AAA-rated, Shariah-compliant issuance aims to boost agricultural modernization and sustainable infrastructure development through capital market innovation.

Pakistan’s central bank plans to pilot a digital currency and finalize legislation to regulate virtual assets, signaling a major push to modernize its financial system and embrace blockchain technology.