Karandaaz Pakistan Collaborates with SBP to Propel Digital Banking and Financial Inclusion
Karandaaz Pakistan highlights its collaboration with SBP to develop digital banking regulations, driving financial inclusion, supporting fintech innovation, and advancing Pakistan’s digital financial ecosystem.
SBP Clarifies Two-Hour Cooling Period in Digital Fund Transfers to Prevent Fraud
SBP clarified that digital fund transfers in Pakistan are instant, with a two-hour cooling period applied only to branchless banking cash-outs and usage, serving as a safeguard against fraud.
Pakistan’s Digital Rupee in 2025: Between Promise, Risk, and Japan’s Soramitsu Experiment
Pakistan prepares to pilot its digital rupee in partnership with Japan’s Soramitsu, exploring trust, inclusion, and Shariah compliance. Lessons from China, India, and Nigeria highlight both opportunities and risks for Pakistan’s CBDC journey.
Pakistan Moves Toward Legalizing Virtual Assets as SBP Confirms Citizens Can Buy Digital Currencies
The State Bank of Pakistan has confirmed that citizens can now buy virtual assets, while a new regulatory framework and the Pakistan Virtual Assets Regulatory Authority (PVARA) are being developed to oversee the sector. The Senate is reviewing the Virtual Assets Bill 2025 amid debates over regulation and innovation.
FBR Imposes New Tax Filing Duties on Couriers, Payment Channels, and Online Marketplaces
The Federal Board of Revenue has rolled out new compliance rules for couriers, payment intermediaries, and online marketplaces, making quarterly and monthly tax statements mandatory under updated Income Tax Rules 2002.
SBP Pushes Banks and REs to Digitize Merchant Payments Under New Onboarding Framework
State Bank of Pakistan introduces digital onboarding framework and directs banks to offer payment acceptance tools like Raast QR and POS to boost merchant digitization.