SBP issues guidelines on resolution planning and core data requirements for banks
The State Bank of Pakistan has released guidelines on core information requirements for resolution planning, directing banks to prepare detailed data sets for orderly management of distressed institutions and strengthening financial stability.
NIBAF Conducts Training on Data Accuracy Validation in eCIB Reporting at Karachi Campus
NIBAF organized a one-day training session on “Data Accuracy Validation in eCIB Reporting” at its Karachi Campus, equipping commercial bank officers with practical knowledge on compliance, error detection, and data integrity for effective reporting.
SBP Pushes Banks Toward Basel III Phase II Reforms to Bolster Sector Resilience
The State Bank of Pakistan has directed banks to implement Basel III Phase II reforms, focusing on credit risk, leverage ratios, and transparency, with a parallel run starting September 2025 to strengthen financial sector resilience.
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.