CAB Recorded $654 million Surplus in March 2023
The Current Account Balance (CAB) recorded a $654 million surplus in March 2023 against a deficit of $36 million in…
SBP Directs Banks to Implement Sindh Finance (Amendment) Act for Electricity Duty Recovery
The State Bank of Pakistan (SBP) has instructed all banks and microfinance banks to adhere to the guidelines set forth…
PBA Submits Recommendations for Federal Budget 2023-2024 to FBR
The PBA Office has finalized and submitted its recommendations for the Federal Budget of the fiscal year 2023-2024. After thorough…
Bitcoin Pushes Past $30,000 As Investors Eye End of Rate Rises
Major cryptocurrency bitcoin breached the key $30,000 level for the first time in 10 months on April 12, 2023, adding…
Alibaba Shows Off its Generative AI Tech, to Roll Out in All Apps
Alibaba Group Holding Ltd on April 12, 2023 showed off its generative AI model – its version of the tech…
Huawei Plans to Develop 50,000 ICT Talents in South Asia
China’s telecommunication giant Huawei plans to develop 50,000 information and communication technology (ICT) talents in South Asia in the next…
E-Payments Share Exceeds FSDP’s Target Set by SAMA for 2022
The Saudi Central Bank (SAMA) announced that the share of electronic payments in retail sector reached 62 percent of total…
Bank of Canada Maintains Policy Rate, Continues Quantitative Tightening
The Bank of Canada April 12, 2023 held its target for the overnight rate at 4.50 percent, with the Bank…
Pak-China Joint Lab Established to Build AI Transportation System
Shan Dong Joao Tong University (SDJTU) and the National University of Sciences and Technology (NUST) launched the project of a…
Workers’ Remittances Were Higher by 27.4 percent (m/m) in March 2023
Workers’ remittances recorded an inflow of US$2.5 billion during March 2023. In terms of growth, during March 2023, remittances increased…