The Asian Development Bank (ADB) has approved a $700 million policy-based loan to support reforms aimed at strengthening Pakistan’s insurance sector and expanding financial protection across the country. In an official statement, the Manila-based lender said the programme, titled the Insurance Transformation Programme, is designed to reduce protection gaps, expand insurance coverage, and encourage greater […]
financial reforms
Finance minister urges faster capital market development
ISLAMABAD: Finance Minister Muhammad Aurangzeb has directed the Securities and Exchange Commission of Pakistan (SECP) to accelerate the development of capital market in order to broaden financing options and strengthen investor confidence. Read More: SECP operationalises Capital Market Development Fund The directive was issued during a meeting with the SECP’s new leadership, led by Chairman Kabir […]
SBP steps up engagement on digital assets with PVARA
Pakistan’s push to regulate and adopt digital assets gained momentum on Thursday as the State Bank of Pakistan (SBP) held a meeting with the chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA). The engagement marked another step towards shaping a formal virtual assets framework in the country. Read More: Virtual-assets watchdog weighs withdrawing SBP’s crypto ban […]