SECP Publishes Draft Regulations to Prohibit MLM, Pyramid and Ponzi Schemes in Pakistan
The Securities and Exchange Commission of Pakistan has issued draft regulations to outlaw multi-level marketing, referral marketing, pyramid and Ponzi schemes, inviting public feedback within 14 days.
SECP Introduces Life Insurance Policy Finder Service to Enhance Consumer Access
SECP, in collaboration with CDC and IAP, launches the Life Insurance Policy Finder Service to help the public locate life insurance policies of deceased relatives, ensuring timely claims and beneficiary support.
Banking Mohtasib Provides Rs 1.46 Billion Relief to Customers Amid Rising Fraud Concerns
The Banking Mohtasib Pakistan has provided Rs 1.46 billion in relief to customers by resolving over 28,700 complaints in the first ten months of 2025, while urging vigilance against financial fraud and cybercrime.
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.
President’s Rulings on Banking Appeals Declared Final, Reinforcing Legal Authority of Banking Mohtasib
Legal Adviser to the President of Pakistan, Justice (Retd) Irfan Qadir, reaffirmed that the President’s decisions on appeals against the Banking Mohtasib’s rulings are final and cannot be challenged in court, marking a strong stance on upholding accountability and trust in Pakistan’s financial justice framework.