NIBAF Strengthens Compliance Knowledge with Training on SBP Regulations for Commercial Remittances
NIBAF Pakistan conducted a focused training session on SBP Regulations for Commercial Remittances on October 21, 2025, in Karachi. Led by Mr. Ejaz Ahmed Qadri, the program enhanced participants’ understanding of regulatory frameworks, compliance standards, and best practices for cross-border transactions.
FBR Dismisses Inland Revenue Officer Over Mishandling of Rs238.4 Billion Tax Fraud Probe
The Federal Board of Revenue (FBR) has dismissed an Inland Revenue officer for mishandling a Rs238.4 billion tax fraud case involving M/s New Metro Footwear Co. and others. The officer was found negligent in conducting the investigation, prompting his removal after a detailed disciplinary inquiry.
State Bank of Pakistan Revokes License of Muhammadi Exchange Company
The State Bank of Pakistan has revoked the license of Muhammadi Exchange Company to operate in the foreign exchange market, reinforcing regulatory oversight and compliance in the financial sector.
NIBAF Pakistan Hosts One-Day AML-360 Training Program for YAP Pakistan Officials
NIBAF Pakistan conducted a one-day AML-360 training program for YAP Pakistan officials in Lahore, enhancing their understanding of Anti-Money Laundering frameworks, compliance strategies, and fintech-specific risk management.
SECP Introduces Standardized Financial Statement Formats for Life and Non-Life Insurers
The Securities and Exchange Commission of Pakistan has rolled out new financial statement formats for life and non-life insurance companies, aligning the sector with IFRS 17 standards and global reporting practices.
SECP Hosts Strategic Roundtable on the Future of Takaful in Pakistan’s Evolving Financial Landscape
The SECP hosted a strategic roundtable in Karachi to shape the future of Takaful in Pakistan, uniting key industry leaders, global brokers, Shariah scholars, and policymakers to accelerate Shariah-compliant insurance growth and align it with its Five-Year Strategic Plan.
NIBAF holds specialized Training of Trainers session on consumer protection and fair treatment in banking
NIBAF Pakistan conducted a specialized Training of Trainers session in Karachi to enhance understanding of consumer protection frameworks and promote fair treatment of customers across the banking sector.
SBP introduces new framework to ensure fair banking practices and protect consumers across Pakistan
The State Bank of Pakistan has unveiled a new regulatory framework to strengthen consumer protection and fair business practices in the banking sector, ensuring transparency, accountability, and trust.
Govt to Open Power Market in 2026, Allowing Consumers to Choose Electricity Providers
The government plans to liberalize the electricity market in 2026, enabling consumers to choose their power suppliers and fostering competition in Pakistan’s energy sector.
State Bank of Pakistan Named Resolution Authority for Banks, MFBs, and DFIs Under New Amendments
State Bank of Pakistan has been officially designated as the resolution authority for banks, microfinance banks, and development finance institutions through amendments to the Banking Companies Ordinance 1962. The central bank has issued detailed resolution planning guidelines to strengthen financial stability and manage distressed institutions more effectively.