The State Bank of Pakistan (SBP) has notified revisions in chapter 20 of the Foreign Exchange Manual to modernize foreign exchange regulations for facilitating startups, fintechs and exports in Pakistan.
Startup investments in Pakistan increased by 97 percent in 2020 as compared to 2019, according to data from MAGNiTT's 'State of Startup Funding - 2021 Emerging Venture Markets' Report.
The number of startup deals in Pakistan also went up by 45% this year as opposed to the general downward trend in the MENA region.
The State Bank of Pakistan (SBP) has finally granted approval to SadaPay, a Pakistani fintech startup, to officially begin its pilot operations in 2021.