SBP invites applications for First Cohort of Regulatory Sandbox to foster Innovation

MG News | August 25, 2025 at 11:41 PM GMT+05:00

0:00

August 25, 2025: The State Bank of Pakistan (SBP) has officially opened applications for the first cohort of its Regulatory Sandbox (RSB), a strategic initiative aimed at promoting innovation in the country’s financial sector while ensuring consumer protection and financial stability.

In line with the SBP Vision 2028, the central bank has announced three key focus areas for this inaugural cohort:

1. Technology-enabled solutions for inward remittances

2. Open Banking

3. Remote onboarding of merchants

The Regulatory Sandbox provides a controlled environment where individuals and firms can test innovative financial products, services, or business models with live customers under SBP’s supervision. The initiative is expected to help both innovators and regulators better understand emerging technologies and their impact on Pakistan’s evolving fintech landscape.

Interested applicants are encouraged to submit proposals that align with the above themes. Applications will be accepted from August 25 to October 5, 2025, and must be submitted via email to regulatory.sandbox@sbp.org.pk

Related News

RDA attracts $185m in July

SBP reserves increase by over $11m in a week

Name	Price/Vol	%Chg/NChg
KSE100	148,815.31 210.52M	-0.45% -677.75
ALLSHR	91,673.12 691.85M	-0.34% -314.97
KSE30	45,206.45 71.88M	-0.69% -311.96
KMI30	210,332.14 78.15M	-0.63% -1334.91
KMIALLSHR	60,685.87 348.12M	-0.54% -328.43
BKTi	42,003.35 40.78M	-0.82% -349.19
OGTi	29,991.46 5.84M	-0.60% -180.33

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	110,450.00	110,450.00 110,000.00	-460.00 -0.41%
BRENT CRUDE	68.74	69.07 67.57	1.01 1.49%
RICHARDS BAY COAL MONTHLY	92.00	0.00 0.00	2.35 2.62%
ROTTERDAM COAL MONTHLY	99.85	0.00 0.00	0.00 0.00%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	64.75	64.76 64.69	-0.05 -0.08%
SUGAR #11 WORLD	16.39	16.57 16.30	-0.09 -0.55%