pakistan

Central Bank of Pakistan puts prohibition on Bitcoin & Virtual Currencies.

The central bank of Pakistan, i.e. State Bank of Pakistan, ended months of neutral stance by formally issuing a notice on Bitcoin &/or Virtual Currencies. In a Banking Policy & Regulations Department (BPRD) Circular # 3 of 2018, State Bank of Pakistan has officially put a Prohibition of Dealing in Virtual Currencies/Tokens. It also confirms …

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Agent Network Accelerator Research – Pakistan Country Report | helix-institute.com

This report provides valuable insights for the digital financial sector in Pakistan and recommendations for developing sustainable networks of mobile money agents. It also highlights the key findings on the mobile money agent landscape in Pakistan. The second wave of the survey for Pakistan, funded by Karandaaz Pakistan, investigates how Pakistan’s mobile money market has evolved …

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Pakistan to sign 98-state convention for tax information exchange – Offshore News Flash

Pakistan is now going to be signing a tax-information exchange treaty, which would allow the Government of Pakistan to know about all the bank accounts (of Pakistani Citizens) that are overseas. Just like FATCA (Foreign Account Tax Compliance Act) that the US has. Source: Pakistan to sign 98-state convention for tax information exchange – Offshore …

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Pakistan on 8th position with $20.1 billion remittances | Pakistan Today

This is an interesting article that covers the growing remittances of Pakistan well, but fails to mention a couple of things what is contributing this growth. Let’s face it, if you think Pakistan’s human capital export to the Middle East is skyrocketing, you’re sadly mistaken. It is not. Black-to-White. Let’s get the elephant out of the …

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Why traditional card scheme acquiring will not work in Pakistan

In Pakistan there are four payment gateways: HBL’s CyberSource (VISA) MCB MIGS (MasterCard) UBL’s payment gateway that gets routed via a processor in Dubai Bank Alfalah MIGS (MasterCard) There was an effort by NIB Bank to acquire MIGS processing services, but VISA would not give acquiring rights to NIB. Infact VISA has made it clear, …

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