Tag: regulatory

Pakistan Crypto Regulator Seeks Shariah Distinction Between Speculative Tokens and Real-World Assets

PVARA Chairman Bilal bin Saqib engages Jamia Darul Uloom to distinguish between speculative cryptocurrencies and asset-backed digital tokens following a recent fatwa.

Financial Consortium Secures Milestone PKR 4.76 Billion Financing Facility for Tech Manufacturing Expansion

The Bank of Punjab and InfraZamin Pakistan lead a banking consortium to close a major 10-year Islamic syndicated facility for Air Link and Select Technologies.

Bank Negara Malaysia Mandates Shift to Single Interoperable QR Payment Standard by 2028

Bank Negara Malaysia issues the Interoperable Fund Transfer Framework to phase out proprietary QR networks and consolidate digital payments on PayNet DuitNow infrastructure.

SECP Approves Second SPAC IPO to Boost Capital Market Listings

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

1LINK and PTA Partner to Streamline License Fee Collections via 1BILL Payment Rail

1LINK collaborates with Pakistan Telecommunication Authority to enable seamless, real-time license fee collections through the 1BILL digital platform.

PVARA Opens Public Consultation for Draft Virtual Asset Services Regulations 2026

The Pakistan Virtual Asset Regulatory Authority launches public feedback on its draft 2026 framework for cryptocurrency exchanges and custodians.

Pakistan Proposes Massive Reduction in Withholding Tax on International Card Transactions to Boost Documentation

The Pakistani government proposes a ninety percent cut in withholding tax on international debit and credit card transactions in the federal budget to discourage hundi channels.

SECP Launches Certificate of Statutory Compliance Framework for Corporate Verification

The Securities and Exchange Commission of Pakistan SECP introduces a formal Certificate of Statutory Compliance CSC to verify company registration and filing status.

SECP and Islamic Development Bank Launch New Framework for Shariah Compliant Agri Financing

The Securities and Exchange Commission of Pakistan releases a landmark report on Shariah compliant agricultural financing to support farmers through fintech and non bank lenders.

SECP Launches Reports on Shariah Compliant Digital Financing to Boost Fintech Innovation

The Securities and Exchange Commission of Pakistan releases a new report on Shariah compliant digital financing developed with IsDBI to modernize the non bank sector.

Payoneer Workforce Management Named Leader in IEC Group 2026 Global EOR Study

Payoneer Workforce Management achieves leader status in the IEC Group 2026 Global EOR study for its innovative digital infrastructure and global hiring solutions.

State Bank of Pakistan and EXIM Bank Collaborate to Strengthen National Export Refinance Framework

The State Bank of Pakistan and EXIM Bank of Pakistan enhance the Export Refinance Facility to support national exporters and drive foreign exchange growth through strategic financial reforms.