Pakistan Streamlines Banking Onboarding Procedures to Boost Ease of Doing Business
The Board of Investment and Financial Authorities Have Introduced Risk Based KYC and Digital Verification to Simplify Bank Account Opening for Businesses.
SECP Proposes Biometric and IBAN Verification for Digital Investor Onboarding to Curb Financial Crime
The Securities and Exchange Commission of Pakistan introduces a new framework for multi-biometric verification and IBAN-based investor onboarding to enhance AML compliance.
SECP Signs MoUs with Askari Bank and NayaPay for Digital Corporate Onboarding
The Securities and Exchange Commission of Pakistan partners with Askari Bank and NayaPay to digitize and simplify the corporate bank account opening process.
SBP Expands Roshan Digital Accounts to All Foreign Individuals and Corporate Entities
The State Bank of Pakistan has amended its onboarding framework to allow all non-resident individuals and foreign companies to open Roshan Digital Accounts.
SECP Triples Sahulat Account Limits to Boost Retail Digital Investing
SECP raises Sahulat Account investment limits to 3 million rupees, simplifying stock market access for small investors and aligning with global retail models.
Finance Minister Calls for Reduced Bank Reliance, Wider Participation in Debt Markets
Finance Minister Muhammad Aurangzeb has urged reforms to reduce bank dominance in Pakistan’s debt markets, focusing on lower issuance costs, digital onboarding and broader investor participation.
SBP Launches Unified Digital Framework to Simplify Bank Account Opening for Individuals and Businesses
The State Bank of Pakistan has introduced a streamlined digital framework for customer onboarding, reducing paperwork and improving turnaround times for individuals and businesses opening accounts, while also pushing digital payment acceptance across merchants nationwide.