State Bank of Pakistan

Pakistan warms up to digital assets with new bill

Finance

Steve Kaaru

15 November, 2024

Pakistan warms up to digital assets with new bill

The new State Bank of Pakistan Act allows the top bank to issue a CBDC and legalizes digital currencies, but...

Pakistan adopts blockchain KYC platform for financial institutions

Business

Wahid Pessarlay

31 December, 2023

Pakistan adopts blockchain KYC platform for financial institutions

Pakistan's central bank has approved blockchain KYC for banks, boosting security and efficiency with privacy measures, uniformity, cost savings, and...

Pakistan’s central bank confirms CBDC development, seeks to catch up with industry pioneers

Business

Wahid Pessarlay

26 July, 2023

Pakistan’s central bank confirms CBDC development, seeks to catch up with industry pioneers

The State Bank of Pakistan’s CBDC pilot is expected to be carried out in stages, roping in the Pakistani commercial...

Pakistan set to impose blanket ban on digital currencies

Business

Wahid Pessarlay

25 May, 2023

Pakistan set to impose blanket ban on digital currencies

Part of the conditions set by the Financial Action Task Force to remove Pakistan from its “grey list” was the...

Pakistan banks to develop blockchain-based eKYC platform

Business

Wahid Pessarlay

10 March, 2023

Pakistan banks to develop blockchain-based eKYC platform

eKYC platform Consonance will rely on blockchain to provide banks and financial institutions with a standardized framework to carry out...

Pakistan draws up laws in preparation for CBDC launch in 2025

Business

Wahid Pessarlay

9 December, 2022

Pakistan draws up laws in preparation for CBDC launch in 2025

Pakistan is set on launching its CBDC by 2025, releasing new guidelines—with help from World Bank—for non-bank entities to aid...

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Gavin Lucas

18 Dec 2024

State Bank of Pakistan

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