Comprehensive plan in place to promote FinTech environment in Pakistan: Chairman SECP


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ISLAMABAD: The Security and Exchange Commission of Pakistan (SECP) Chairman, Aamir Khan on Tuesday said that the institution has developed a comprehensive and coherent policy for the promotion of the FinTech environment. 

Speaking at the webinar on “Second Cohort of SECP’s Regulatory Sandbox”,  Aamir Khan said that the regulatory authority would provide a controlled environment to conduct experimental tests in order to develop products, controls and regulatory oversight.  The webinar was organised by SECP. 

As per Aamir Khan,  FinTech has immense potential for growth and expansion in the financial sector. However, the new developments would also pose challenges for regulators and supervisors. 

He further highlighted the mechanism of the SECP’s Regulatory Sandbox and gave details regarding the application procedure, eligibility criteria and the evaluation process. 

 

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CPEC Chairman for establishing tech institutes along SEZs


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ISLAMABAD: Asim Saleem Bajwa, Chairman China Pakistan Economic Corridor (CPEC) Authority informed that various technological institutions will be established along Special Economic Zones (SEZs) developing under CPEC.

Taking on to Twitter, the chairman informed that the tech institutes will equip youth with new skills and will provide them various jobs under CPEC projects.

The Chairman also said that Gwadar Technical Institute is being developed at a rapid pace.

Further, the Chairman also stated that the inclusion of 17,000MW electricity will make Pakistan abundant in electricity resources and the country will also be able to export it.

 

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