SBP Clarifies Two-Hour Cooling Period in Digital Fund Transfers to Prevent Fraud
SBP clarified that digital fund transfers in Pakistan are instant, with a two-hour cooling period applied only to branchless banking cash-outs and usage, serving as a safeguard against fraud.
DGTO Seeks Proposals for New Framework on Joint Chambers of Commerce & Industry at Global Level
The Directorate General of Trade Organisations (DGTO) has invited proposals from trade bodies to draft a new regulatory framework for Joint Chambers of Commerce and Industry (JCCIs). The move aims to address regulatory gaps, streamline licensing, and align Pakistan’s practices with global standards to boost bilateral trade and investment.
PSX and SECP Sign Strategic Partnership to Strengthen Market Surveillance
PSX and SECP have signed a strategic partnership granting SECP access to PSX’s advanced New Surveillance System. The collaboration aims to enhance market oversight, ensure transparency, and align Pakistan’s capital market with international standards.
PSX and SECP Partner to Strengthen Regulatory Oversight with Advanced Surveillance System
The Pakistan Stock Exchange and SECP have signed an MoU granting SECP direct access to PSX’s advanced surveillance system. The move enhances real-time monitoring of market activity, strengthens regulatory oversight, and aligns Pakistan’s capital markets with global standards.
FBR Plans Record-High Rewards to Empower Whistleblowers Against Tax Evasion
The Federal Board of Revenue is drafting new rules to dramatically increase whistleblower rewards, potentially up to Rs150 million, in a bid to uncover Pakistan’s vast shadow economy and expose tax dodgers.
Pakistan Legalizes Crypto with Licensing Framework for Exchanges
Pakistan has launched a licensing regime for cryptocurrency exchanges under the Pakistan Virtual Assets Regulatory Authority, signaling a new era of transparency, compliance, and foreign investment opportunities in the country’s digital finance sector.
SECP Proposes Major Amendments to Company Share Regulations to Safeguard Minority Rights
The Securities and Exchange Commission of Pakistan has proposed amendments to the Companies (Further Issue of Shares) Regulations, 2020, introducing new safeguards to protect minority shareholders, ensure transparency, and align Pakistan’s corporate governance practices with global standards.
Hyderabad Chamber Requests 48-Day Extension For Income Tax Filing Amid IRIS Portal Issues
HCSTSI urges federal government to extend income tax filing deadline by 48 days due to IRIS portal malfunctions and flooding in Punjab, KPK, and Sindh, citing hardships for traders and salaried taxpayers.
SECP Proposes Legal Framework for Licensing and Regulation of Waqf Management Companies
The Securities and Exchange Commission of Pakistan has proposed a new amendment to the Companies Act, 2017 to regulate Waqf management companies. The framework introduces modern Waqf structures, safeguards Shariah compliance, and opens pathways for Islamic social finance growth.
SECP Releases Detailed FAQs on Mergers, Amalgamations, and Winding Up of Companies
The Securities and Exchange Commission of Pakistan has issued detailed FAQs to guide companies, legal practitioners, and advisors on mergers, winding up, and revival processes, simplifying regulatory compliance and supporting corporate restructuring.