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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
There are currently 8 DFS deployments in Pakistan (2015):1
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
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
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
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
Phone: (+92) 51-9100260-3
Fax: (+92) 51-9100251
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.