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World Bank’s $70 Million Connected Punjab Programme Faces Regulatory Delays
Punjab’s $70 million Connected Punjab programme faces a series of regulatory and institutional requirements, including new artificial intelligence (AI) oversight, data protection and cybersecurity frameworks,…
FIA Arrests Four in Karachi Over Illegal Currency Dealing
The Commercial Banking Circle (CBC) of the Federal Investigation Agency (FIA) has arrested four suspects in Karachi for alleged illegal currency dealing, media reported on…
Meezan Bank Moves 7.5 Million Cards to New SmartVista Payments Platform
Meezan Bank (PSX: MEBL) just took a major step in upgrading its digital banking infrastructure. Meezan Bank successfully migrated its entire payments business to BPC’s…
FIA Arrests Bank Branch Manager, Four Others in Hundi-Hawala Raid
The Federal Investigation Agency (FIA) Anti-Corruption Circle Karachi has arrested five people, including a private bank branch manager, in a raid on the bank’s branch…
Gujrat Bank Fraud Victims Occupy House of Manager Who Fled
Victims of an alleged financial fraud by a private bank manager in Gujrat have reportedly occupied the house of the accused, who is believed to…
Pakistan to Tighten Digital Payment Rules Under Cashless Initiative
The government has decided to revise the definitions of active digital payment users and merchants and seek tax policy reforms to accelerate Prime Minister’s Cashless…
SECP Introduces New Rules to Curb Terrorist Financing
The Securities and Exchange Commission of Pakistan (SECP) has issued a new guidebook directing its regulated entities to strengthen measures against terrorist financing and other…
IMF Warns AI Stock Crash Could Shake Global Financial Stability
The International Monetary Fund has warned that a sudden crash in AI stock prices could send shockwaves through the entire global financial system. The organization…
Restaurants and Coffee Shops Refusing Digital Payments Face PRA Crackdown
The Punjab Revenue Authority (PRA) has decided to strengthen its Vigilance Wing and expand digital monitoring to stop tax evasion through digital payment transactions and…
Private Bank Manager Flees to US After Allegedly Taking Rs800 Million
A private bank branch manager has fled to the United States after taking up to Rs800 million from account-holders under the pretext of investment. Local…
Banks Refund Rs. 1.2 Billion to Customers in Nine Months
The Banking Mohtasib Pakistan has resolved 29,001 complaints in favor of bank customers, involving refunds worth Rs. 1.2 billion, during the first nine months of…
Roshan Digital Account Inflows Reach $14.16 Billion
Gross inflows into Pakistan’s Roshan Digital Accounts (RDAs) reached a record $14.16 billion by the end of September 2026, increasing by $251 million during the…
