AI Hailed as Future of Banking in Pakistan

The Future Banking Forum Karachi 2026 highlighted artificial intelligence as the future of banking for Pakistan. With a population of 250 million and a median age of 23, the country stands to benefit greatly from AI's potential to drive financial inclusion. The forum convened banking, technology, and risk leaders to discuss digital transformation in Pakistan's financial sector.

Pakistani-Saudi entrepreneur Muhammad Ghazali Aqeeq expressed optimism about the financial sector's ability to make significant advancements due to its strong AI capabilities. Arif Siddique Khokhar, Federated GRC Advisor at TransVare Corporation, presented on the digital transformation of audit, governance, risk, and compliance.

His session showcased how digital platforms streamline these processes into a single, traceable environment. TransVare's Federated GRC Platform was highlighted for its seamless integration of audit, risk, controls, compliance, incidents, and remediation in a secure, private AI framework. This platform enables banking teams to quickly gain insights from audit, governance, and risk data while preserving data control, governance, and accountability.

AuditVare, a solution for internal audit in an AI-driven era, was presented as a key tool for Pakistan's financial sector. Its features include risk-based audit planning, workflow-driven audit engagements, evidence management, observation tracking, remediation follow-up, and executive reporting. Prominent industry leaders, including Kashif Alam Khan, President of ISACA Karachi, and Abdul Qadir, Executive Director of PwC Technology and Cyber Risk, voiced confidence in AI-enhanced internal audit within Pakistan's banking industry.