Pakistan

Stakeholders say new measures are too harsh, will stop all vehicle imports

Food, fuel rates also edge higher; weekly inflation inches up 0.22%

Gold prices drop Rs2,000 per tola, mark first weekly loss in 10 weeks globally

Emirates marks 40 years since first flight to Karachi as PIA awaits privatisation

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Cabinet body approves reconstitution of SOE boards, appointment of directors

Pakistan holds mineral assets of up to $8tr, but sector contributes only 3% of GDP

Eye cooperation in shipbuilding industry and boost to maritime linkages

Mutual fund selling, upcoming futures rollover contribute to 1,286-point fall

FinMin underlines need for enhancing formal remittance channels for Pakistani diaspora

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Pakistan receives $1.8156b in first-quarter inflows

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Pending cases fall to 56,169 as reforms boost efficiency

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Citizens who have not yet completed biometric verification for their digital bank accounts and wallets may face service disruptions from October 25 as new regulations introduced by the State Bank of Pakistan (SBP) in July take effect. The regulations, introduced through BPRD Circular No.1 of 2025, had mandated streamlining of account opening and customer onboarding processes by all institutions under the SBP’s regulatory ambit, including Banks, DFIs, MFBs, Digital Banks, and EMIs. As per the circular, issued on July 25, all SBP-regulated entities (REs) need to “streamline the account opening/customer onboarding process and improve the customer experience”. One of the new requirements introduced was that biometric verification of the account or wallet operator should be made the primary verification method for all accounts and digital wallets. The prevailing system had allowed operators to take up to 60 days to complete biometric verification before a debit block was imposed on their account. With the new regu...