PAK CB Transition to Virtual Network

Published on: Mar 11, 2025

On Mar. 7, PAK CB digitized end-to-end request/proposal process.

  • PAK CB digitized end-to-end process of receiving requests, proposals from regulated entities (REs), issuing regulatory decisions through regulatory approval system (RAS).
  • Also established a service desk system, an end-to-end complaint management portal, to resolve REs' concerns regarding PAK CB hosted portals, including RAS.
  • Transition
  • To enhance security, PAK CB will shift RAS and service desk from web-based access to VPN-based access, requiring REs to procure multifactor authentication (MFA) licenses.
  • REs should promptly acquire MFA accounts for a smooth transition and compliance.
  • Effectiveness
  • The transition will be effective from May 30, 2025.
Regulators
PAK CB
Entity Types
Bank
Reference
Cir Lt BPRD 7/2025, 3/7/2025
Functions
Complaints; Cyber; Operations; Reporting; Technology
Countries
Pakistan
Category
State
N/A
Products
Banking
Rule Type
Final
Regions
AP
Rule Date
Mar 7, 2025
Effective Date
May 30, 2025
Rule ID
246104
Linked to
N/A
Reg. Last Update
Mar 7, 2025
Report Section
International