SBP Cancels Glaxy Exchange License for Serious Regulatory Violations
The State Bank of Pakistan has revoked the license of Glaxy Exchange with immediate effect due to serious regulatory violations, barring the company from conducting foreign exchange business nationwide.
NIBAF Pakistan Conducts Corporate Training on Islamic Financing Solutions for Sustainable Growth
NIBAF Pakistan organized a one-day training program on Islamic Financing Solutions for Corporate Success, equipping corporate and government professionals with Shariah-compliant strategies for sustainable growth.
Mobilink Microfinance Bank Officers Receive Specialized CRS and FATCA Compliance Training from NIBAF
Mobilink Microfinance Bank (MMBL) officers participated in a focused CRS and FATCA training conducted by NIBAF, enhancing compliance with international tax reporting standards and regulatory alignment.
State Bank of Pakistan Revokes License of Muhammadi Exchange Company
The State Bank of Pakistan has revoked the license of Muhammadi Exchange Company to operate in the foreign exchange market, reinforcing regulatory oversight and compliance in the financial sector.
NIBAF Pakistan Hosts One-Day AML-360 Training Program for YAP Pakistan Officials
NIBAF Pakistan conducted a one-day AML-360 training program for YAP Pakistan officials in Lahore, enhancing their understanding of Anti-Money Laundering frameworks, compliance strategies, and fintech-specific risk management.
NIBAF Launches Inaugural Internal Audit Certification Program to Advance Technological Excellence in Banking
The National Institute of Banking and Finance (NIBAF) has successfully launched its first Internal Audit Certification Program, empowering audit professionals from commercial banks and the State Bank of Pakistan with advanced skills in AI, RPA, cybersecurity, and fintech risk management.
SECP Issues Circular to Standardize Corporate Bank Account Opening
The Securities and Exchange Commission of Pakistan (SECP) has introduced a standardized board resolution format for corporate bank account openings, aiming to reduce compliance delays, improve transparency, and accelerate digital transformation in the financial sector.
SECP Proposes Faster Approvals for Right and Bonus Shares to Boost Corporate Efficiency
The SECP has proposed sweeping changes to speed up approvals for right and bonus share issuances in Pakistan, aiming to streamline corporate processes and strengthen market transparency.
Adamjee Insurance to Divest 6.5% Stake in Adamjee Life to Meet PSX Free-Float Rule
Adamjee Insurance announces the sale of a 6.5% stake in its subsidiary Adamjee Life Assurance via off-market transactions to comply with PSX free-float regulations, reducing its ownership from 90% to 83.5%.