Finance Minister Muhammad Aurangzeb met the new SECP leadership on Friday to discuss strengthening Pakistan’s capital markets. The meeting focused on regulatory reforms, diversifying financing sources, and boosting investor confidence across equity and debt markets. Aurangzeb emphasized collaboration to modernize market infrastructure and support sustainable economic growth. During the meeting, Aurangzeb highlighted the government’s integrated […]
financial regulation
SBP cancels licence of another exchange company
The State Bank of Pakistan (SBP) has cancelled the licence of Glaxy Exchange (Private) Limited for what it described as serious violations of regulatory instructions, marking the first such action against an exchange company in 2026 and adding to a growing list of firms forced out of the market. Read More: SBP cancels license of exchange […]
Dollar shortages push crypto demand higher
As dollar shortages persist in Pakistan’s open market, demand for digital dollar alternatives has accelerated, pushing many users towards crypto rails even as formal regulation remains a work in progress. While the Pakistan Virtual Assets Regulatory Authority (PVARA) continues deliberations on detailed rules, market activity has surged outside the regulatory perimeter, often facilitated by illegal […]
Zar stablecoin sparks debate on regulation and national interest
ISLAMABAD: The launch of Zar, a new stablecoin venture by Sadapay, backed by $12.9 million in seed funding, has reignited debates on balancing commercial innovation with national financial safeguards in Pakistan. The venture, funded by leading global investors including Andreessen Horowitz, Coinbase Ventures, and VanEck, aims to broaden access to capital inflows, particularly remittances. Read […]