• In 1947, Pakistan gained its independence from the United Kingdom.1
[1] CIA (2017) Pakistan, available at


  • 796,095 sq km

  • The capital is Islamabad.


  • 202m (2016 est.)


  • Urdu and English are the official languages.


  • US$988.2 billion (2016 est.)

  • Per Capita: US$5,100 (2016 est.)

Financial Inclusion (2015)2

  • 9% of adults have a financial account

  • 8% have a bank account

  • 1% have a DFS account

[1] CIA (2017) Pakistan, available at
[2] Intermedia (2015) Data Finder
  • There are currently 8 DFS deployments in Pakistan (2015):1

    • Telenor Easypaisa

    • Mobilink Mobicash

    • UBL Omni

    • Ufone/Upayment

    • Zong Timepay

    • HBL Express

    • Mobile Paisa

    • MCB Mobile

  • DFS was first introduced into Pakistan in October of 2009 by Telenor with Easypaisa. Over the next six years, 7 other DFS platforms joined the market with Mobile Paisa and MCB Mobile the last to join in January of 2014.1

  • By March of 2014, DFS transactions reached approximately 26m with an aggregate value of nearly Pkr 140,000m. This represents an increase of 350% and 325% for the number of transactions and aggregate value, respectively from September of 2011.1

  • As of Dec. 2016, mobile phone density in Pakistan was estimated to be 70%.2

1 USD = 105 PKR



[1] Karandaaz (2015) Using Mobile Money to Promote Financial Inclusion in Pakistan, available at

[2] PTA (2017) Telecom Indicators, available at

Central Bank: State Bank of Pakistan

  • The State Bank of Pakistan (SBP) is the central bank of Pakistan.

  • Under the SBP Act, it is mandated to regulate the monetary and credit system of Pakistan and to foster its growth.


I.I. Chundrigar Road

Karachi, Pakistan

Phone: U.A.N.: 111-727-111



AML: The Financial Monitoring Unit of Pakistan

  • The Financial Monitoring Unit (FMU) of Pakistan is the central agency in the country responsible for receiving, analyzing and disseminating to the investigatory and supervisory authorities, disclosures of financial information concerning suspected proceeds of crime and alleged money laundering offenses and the financing of any activities or transactions related to terrorism.

  • It was established under section 6 of the Anti-Money Laundering Ordinance-2007.


SBP Main Building, 2nd Floor

I.I Chundrigar Road

Karachi - Pakistan

Phone: 021-32453162



Communications: Pakistan Telecommunication Authority

  • The Pakistan Telecommunication Authority (PTA) was established in 1996 under the Telecommunication (Re-Organization) Act No. XVI.

  • The PTA is tasked with regulating the establishment, operation and maintenance of telecommunication systems, and the provision of telecom services in the country.


Competitions Board: Competition Commission of Pakistan

  • The Competition Commission of Pakistan (CCP) was established on October 2, 2007 under the Competition Ordinance, 2007, which was promulgated in November 2009.

  • The CCP prohibits abuse of a dominant position in the market, certain types of anti-competitive agreements, and deceptive market practices.

  • It also reviews mergers of undertakings that could result in a significant lessening of competition.

  • In addition to the CCP’s advocacy efforts, the Commission seeks to promote voluntary compliance and develop a ‘competition culture’ in the country’s economy.


7th Floor South

ISE Towers 55-B, Jinnah Avenue

Islamabad, Pakistan

Phone: (+92) 51-9100260-3

Fax: (+92) 51-9100251

Legal System1

  • The Pakistani legal system is a common law system with Islamic law influence.

DFS Model Type2

  • The State Bank of Pakistan allows only the bank-based DFS. The regulations were revised in 2011 and again in 2016.


  • In 2016, the State Bank of Pakistan released Regulations for Mobile Banking Interoperability, encouraging interoperability in DFS.



[1] CIA (2017) Pakistan, available at

[2] SBP (2016) Branchless Banking Regulations, available at

[3] SBP (2016) Regulations for Mobile Banking Interoperability 2016, available at

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