Millions of Pakistanis risk losing access to their digital bank accounts and wallets starting October 25, 2025, as the State Bank of Pakistan’s (SBP) new biometric verification rules take effect.
The updated regulations, outlined in BPRD Circular No.1 of 2025, make biometric verification the primary identification method for all customers of banks, digital banks, microfinance institutions, and electronic money platforms.
The move aims to streamline account onboarding while strengthening Pakistan’s compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) standards.
Previously, customers were granted up to 60 days to complete verification before their accounts were restricted. However, starting October 25, accounts without biometric verification will be blocked immediately, preventing users from sending or receiving money.
Experts warn that millions of accounts, including Roshan Digital Accounts and foreign currency accounts, may be affected by the change.
The SBP’s Consolidated Customer Onboarding Framework now applies universally to both in-branch and digital onboarding, ensuring that all customers—local or overseas—undergo the same due diligence process.
All SBP-regulated financial institutions were given a three-month compliance period to update their systems and procedures, but the central bank has issued no extension to the deadline.
Officials said the decision is aimed at improving the integrity, transparency, and security of Pakistan’s financial system amid the rise of digital banking.
Failure to comply will result in temporary service suspension, and customers will need to complete their biometric verification at the nearest bank branch or authorized service point before regaining full access to their accounts.
