Tag: financial regulation

SBP Invites Public Feedback On Draft Open Banking Regulations To Expand Digital Financial Services Across Pakistan

Regulatory NextWallet Desk -
SBP has released draft Open Banking Regulations for consultation, proposing consent-based financial data sharing and third-party payment initiation.

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.

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.

Pakistan Advances Virtual Asset Regulation Through Licensing Sandbox and AI Infrastructure Development

VA & Blockchain NextWallet Desk -
Pakistan Virtual Assets Regulatory Authority Chairman Bilal Bin Saqib briefs Prime Minister Shehbaz Sharif and the Federal Cabinet on licensing, regulatory sandbox development, and AI-enabled oversight.

State Bank Of Pakistan Team Secures Fourth Place In Global Agentic Hackathon

Wired NextWallet Desk -
An SBP Digital Financial Services Group team placed 4th globally in the Agentic Payments and Oversight track of the C:>DIR Agentic Regulator Hackathon.

SECP Talk Series to Discuss Pakistan Insurance Industry Development and Growth

Wired NextWallet Desk -
SECP will host a talk series on Pakistan's insurance industry on September 15, featuring CEOs from TPL Insurance, State Life, and EFU Life.

SBP Rejects Claims Linking Raast To Money Laundering In Latest FATF Report

Regulatory NextWallet Desk -
SBP rejects claims that FATF identified Raast as a money-laundering channel, clarifying the report only referenced Raast as a domestic payment channel.

SBP Revises SME Definitions With Higher Turnover Limits Amid Regulatory Differences Across Pakistan

Regulatory NextWallet Desk -
SBP has raised SME turnover thresholds by up to 2.7 times, while Karandaaz highlights differences in definitions across regulators.

PVARA Chairman Bilal Bin Saqib Calls For AI Driven Regulation To Keep Pace With Financial Innovation

VA & Blockchain NextWallet Desk -
PVARA Chairman Bilal Bin Saqib outlines an AI-driven regulatory vision as artificial intelligence and tokenisation reshape financial markets.

SECP Hosts Transition Training Program For Army Officers On Corporate Financial Sector Regulations

Wired NextWallet Desk -
SECP hosts a transition training program for Army officers, providing insights into its regulatory mandate, corporate sector framework and financial ecosystem.

SECP Talk Series Explores Future Of Islamic Finance Halal Economy And Ethical Investment Globally

Regulatory NextWallet Desk -
SECP Talk Series features Yousuf Hassan Khalawi discussing Islamic finance, halal economy, sustainable development and ethical investment from a global perspective.