Tag: remittances

Visa convenes Pakistan banking and fintech leaders to discuss stablecoin adoption, regulatory frameworks, and the future of digital asset settlements in the country.

PVARA launches a regulatory sandbox for virtual assets, providing a controlled environment for testing tokenisation, stablecoins, remittances, and Web3 solutions under regulatory oversight.

Pakistan’s finance ministry teams up with Visa to digitize government payments, enhance financial inclusion, and support cashless transactions as part of ongoing economic reforms.

Pakistan’s Roshan Digital Account (RDA) initiative recorded $205 million in gross inflows in October 2025, signaling sustained investor confidence from overseas Pakistanis and continued growth in digital banking and investment channels.

IFC and PFN are partnering for the Financial Sector Regulatory Sandbox Workshop on October 2, 2025, to share global experiences and private sector insights on open banking, remittances, and merchant onboarding, aiming to accelerate fintech innovation in Pakistan.

Remittances through the Roshan Digital Account crossed $10.7 billion by July 2025, supported by strong overseas investments and robust debt auction participation, while the rupee and gold markets reflected mixed trends.

Taptap Send has introduced an in-app donation feature for Pakistani expats in the US, UK, and Europe, enabling direct contributions to verified charities in Pakistan. The new fintech offering simplifies Zakat, Sadqah, and Qurbani giving by integrating secure donations into its trusted mobile remittance platform.

Pakistan's burgeoning freelance sector generated $400 million in foreign exchange remittances during the outgoing fiscal year (FY2024-25), as revealed by the Economic Survey. This highlights the digital economy's expanding role, supported by government initiatives like e-Rozgaar centers, National Incubation Centers, and the DigiSkills.pk program, which are empowering a new generation of digital workers and entrepreneurs.

Pakistan's Special Assistant to the Prime Minister on Crypto and Blockchain met Errol Musk to discuss the nation's digital asset agenda, sparking discussions on its ambitious plans for a Bitcoin Reserve, stablecoin use, and a new regulatory framework amidst a significant electricity allocation for crypto mining.

 Foreign remittances during the month of July FY2021 rose to $ 2768.1 million as compared to $ 2027.9 million...

Secretary Finance Naveed Kamran Baloch stated that a timely action and coordinated efforts by the Government of Pakistan and...