Tag: financial regulation

PRAL, in collaboration with the Lahore Chamber of Commerce & Industry (LCCI), held a successful awareness seminar on FBR’s Digital Invoicing Registration & Integration to help businesses transition smoothly to real-time tax compliance. The initiative marks another milestone in Pakistan’s journey toward a transparent, technology-driven taxation system.

As Pakistan’s financial sector rapidly digitizes, the State Bank of Pakistan is stepping beyond traditional oversight, launching a regulatory sandbox to foster fintech innovation while filling the void left by outdated data protection laws.

The Senate Finance Committee has called on Pakistani banks to prioritize PayPak, the country’s local payment card, over international networks like Visa and MasterCard. This move aims to strengthen domestic payment systems and curb foreign exchange outflows.