Stay updated with the latest breaking Fintech & Banking news, IT exports, freelance policies, and digital innovation in Pakistan.
The State Bank of Pakistan has officially doubled the Minimum Capital Requirement (MCR) for locally incorporated commercial banks to PKR 20 billion and established a PKR 10 billion requirement for DFIs by December 31, 2030, to fortify systemic capital buffers and drive banking sector consolidation.
The State Bank of Pakistan has officially launched SMEConnect and mandated that all SME loan applications across commercial banks and DFIs must be routed exclusively through this single digital platform, superseding previous branch-level requirements under Regulation R-6.
The State Bank of Pakistan has operationalized SMEConnect under SH&SFD Circular No. 08 of 2026, establishing an exclusive centralized digital window for all SME credit applications and withdrawing individual bank digital portal rules.
State Bank of Pakistan (SBP) mandates the Technology Risk Management Framework (TRMF) for all Electronic Money Institutions (EMIs) and Payment System Operators (PSOs), enforcing zero-trust architecture, HSM encryption, and domestic datacenter residency.
Pakistan Single Window (PSW), Pakistan Customs, and State Bank of Pakistan (SBP) mandate the Trade Information Portal 2.0 and automated B2B cross-border clearance APIs, cutting port dwell times from 8 days to 18 hours.
State Bank of Pakistan (SBP) and 1LINK enforce the Universal Raast Person-to-Merchant (P2M) dynamic QR standard across 150,000+ merchant POS terminals, slashing acquirer MDR fees to zero.
State Bank of Pakistan (SBP) and SECP notify the National Open Finance and Account Aggregator Regulations 2026, enabling citizen-consented financial data portability across banks, capital markets, and fintech lenders.
State Bank of Pakistan (SBP) issues binding regulations requiring payment gateways, digital acquirers, and e-commerce platforms to replace stored card numbers with Visa, Mastercard, and PayPak cryptographic network tokens.
The State Bank of Pakistan (SBP) awards full commercial commencement charters to five Digital Retail Banks (DRBs), inaugurating the era of branchless neobanking with mandatory active-active domestic cloud architectures and instant Raast integration.
The State Bank of Pakistan (SBP) officially operationalizes the Raast Direct Debit and Auto-Debit Mandate API, empowering local software companies, SaaS platforms, edtech startups, and utility providers to collect automated recurring payments directly from bank accounts.
The State Bank of Pakistan (SBP) marks a historic milestone by approving the nation's first fully digital Islamic microfinance banking license, paving the way for Shariah-compliant financial inclusion powered by cutting-edge fintech.
The State Bank of Pakistan (SBP), in coordination with PVARA and commercial banking partners, has officially commenced the pilot phase of its National Digital Asset Custody framework and Wholesale Digital Rupee (CBDC) interbank settlement network.
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