Mobile Wallets and Digital Bank Accounts Without Biometric Verification to Be Blocked From October 25
The State Bank of Pakistan’s new biometric verification regulations take effect on October 25, 2025, with unverified mobile wallets and digital bank accounts facing immediate service blocks under the updated customer onboarding framework.
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.
Pakistan Establishes Crypto Council to Regulate Digital Assets Under New Framework
The government of Pakistan has established the Pakistan Crypto Council to develop a regulatory framework for digital assets, aiming to bring cryptocurrency into the legal system, ensure transparency, and align with global standards while maintaining Islamic financial principles.
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.
Pakistan’s Virtual Asset Authority Reviews SBP Crypto Ban in Landmark First Meeting
Pakistan’s Virtual Assets Regulatory Authority held its first board meeting, signaling a potential reversal of the State Bank’s crypto ban. The authority aims to regulate virtual assets, promote innovation, and align with global AML/CFT standards.
FBR Tightens Digital Transaction Integration Rules for Sales Tax Registered Businesses
The Federal Board of Revenue (FBR) has tightened sales tax compliance rules, requiring all integrated businesses to offer debit/credit card, QR code, and other digital payment options, register all outlets with its system, and issue real-time e-invoices, with strict penalties for violations.
Naveed Sultan Urges National Digital Policy for Pakistan to Unlock Fintech Growth and Global Competitiveness
Naveed Sultan, Professor at Imperial Business School and former Citigroup executive, calls for a national digital policy to drive fintech growth, e-governance, and financial inclusion in Pakistan, highlighting the need for an integrated and strategic approach to digital transformation.
Pakistan Accelerates Towards Regulated Digital Asset Landscape
Pakistan’s Finance Division, in collaboration with the Pakistan Crypto Council and key regulatory bodies, is fast-tracking the development of a comprehensive legal framework for digital and virtual assets. This initiative aims to establish clear governance, licensing protocols, and robust investor protections, aligning the nation with international best practices in the burgeoning digital economy.