SECP Pushes Digitalisation and Sukuk Reforms to Broaden Financial Access
SECP Chairperson Akif Saeed has announced new reforms to strengthen Pakistan’s Sukuk market and accelerate financial digitalisation, with initiatives such as digital account openings, retail digital Sukuk, and expanded bank participation in capital markets.
Islamabad High Court Suspends SECP Directive Against United Insurance Company
The Islamabad High Court has suspended SECP’s directive that halted United Insurance Company’s guarantee business operations, granting interim relief to the insurer while legal proceedings continue.
FBR Introduces Comprehensive Customs Audit Overhaul with Data-Driven Risk Strategy
The Federal Board of Revenue has launched a sweeping reform of its customs audit framework under S.R.O.1655(I)/2025, introducing a unified, data-driven approach to enhance compliance, transparency, and alignment with global trade standards.
SBP Agrees in Principle to Legalize Digital Currencies as Pakistan Moves Toward Regulatory Framework
The State Bank of Pakistan (SBP) has agreed in principle to legalize digital currencies, paving the way for a new regulatory framework under the proposed Virtual Assets Bill 2025.
SECP Issues Regulatory Framework for Digital AMCs to Undertake DAMS
The Securities and Exchange Commission of Pakistan (SECP) has introduced new requirements for Digital Asset Management Companies (Digital AMCs) to offer Digital Asset Management Services (DAMS), setting conditions for licensing, digital platforms, and operational standards.
SBP Revokes License of Money Masters Currency Exchange Over Regulatory Violations
The State Bank of Pakistan (SBP) has revoked the license of Money Masters Currency Exchange Company (Pvt.) Limited, citing serious violations of regulatory requirements and prohibiting the firm from operating any foreign exchange business across the country.
SECP Outlines Phased Roadmap for ISSB Standards Adoption in Pakistan
The Securities and Exchange Commission of Pakistan (SECP) has shared its phased roadmap for adopting ISSB sustainability reporting standards, signaling its proactive role in aligning with global ESG practices and strengthening regional cooperation under the OIC framework.
SECP Mandates Phased Adoption of Shariah-Compliant Trading for Licensed Entities
The Securities and Exchange Commission of Pakistan has directed institutional investors and licensed entities to gradually adopt Shariah-compliant brokerage services, with a phased plan beginning in 2025 to align financial markets with Islamic principles.
SBP Sets Special Cash Reserve Account Remuneration Rate at 3.27% for September 2025
The State Bank of Pakistan has fixed the Special Cash Reserve Account remuneration rate at 3.27% for September 2025, applicable to deposits raised under FE-Circular 25 of 1998.
Sindh Chief Justice Calls for Legal Amendments to Address Virtual Assets and Cryptocurrency Cases
Sindh High Court Chief Justice Muhammad Junaid Ghaffar has emphasized the urgent need for legislative amendments to effectively handle cases related to cryptocurrencies and virtual assets in Pakistan, citing gaps in existing laws and regulatory uncertainties.