SECP Apprises Digital Lenders on New Regulatory Requirements
The Securities and Exchange Commission of Pakistan (SECP) briefed the non-banking finance companies (NBFCs) on improved regulatory requirements, recently imposed…
19.7 million Mobile Phones, Smart Devices Manufactured Locally in Calendar Year 2022
Pakistan’s local mobile industry witnessed remarkable growth as the companies have manufactured around 19.7 million mobile phones and smart devices…
PSX Becomes Signatory of Women’s Empowerment Principles
In a positive move forward signifying Pakistan Stock Exchange’s (PSX) efforts to promote increased women participation, and gender equality, and…
NA Body Pass ‘Imports, Exports (Control) (Amendment) Bill, 2022’
The Standing Committee on Commerce of the National Assembly (NA) on January 10, 2023, unanimously passed the Imports and Exports…
WB Maintains Pakistan’s GDP Growth Forecast at 2 Percent for FY23
The World Bank in its latest report has forecast Pakistan’s real Gross Domestic Product (GDP) to grow at 2.0 percent…
SECP issues Guidelines for Offering Islamic Financial Services, 2023
In a landmark development for the growth of Islamic finance in the non-bank financial sector, the Securities and Exchange Commission…
CBK Announces Joining of the Second Group of Banks to GCC Cross-border Payment System (AFAQ)
Following its efforts to develop cross-border payment systems and deploy advanced technologies to enhance efficiency, minimize reliance on financial systems…
Third of World in Recession this Year, IMF Head Warns
A third of the global economy will be in recession this year, the head of the International Monetary Fund (IMF)…
Saudi Central Bank Launches Open Banking Lab
The Saudi Central Bank (SAMA) announced the launch of the Open Banking Lab according to the Open Banking Framework issued…
Amazon CEO Says Job Cuts to Exceed 18,000 Roles
Amazon.com Inc’s layoffs will now increase to more than 18,000 roles as part of a workforce reduction it previously disclosed,…