SBP Releases First and Second Quarterly Report of Payment Systems for FY23
State Bank of Pakistan released its first and second quarterly report of Payment Systems for the Fiscal Year 2022-23(FY23) on…
Pakistan’s Copper Export to China Increased 16.5 percent in Jan-Feb 2023
Copper and articles thereof have seen an increase in exports to China from Pakistan in recent years. In the first…
SECP Publishes Digital Lending Applications Whitelist
On April 12, 2023 Pursuant to Google’s updated policy for digital lending apps from Pakistan, the Securities and Exchange Commission…
SBP Extends IFRS-9 Implementation Deadline Following PBA’s Request
In a recent development, the State Bank of Pakistan (SBP) has issued a circular extending the deadline for the implementation…
ICBC to Continue to Promote International Operations
Despite facing geopolitical risks, rising unilateralism and protectionism and strengthened requirements for compliance management this year, the Industrial and Commercial…
Global Central Banks Keep Up Inflation Fight in March
The pace of interest rate hikes by major developed and emerging market central banks continued at a healthy clip in…
Deputy Governor Paul Beaudry to Leave the Bank of Canada
The Bank of Canada announced on April 04, 2023 that Deputy Governor Paul Beaudry will leave the bank at the…
China’s Economy Forecast to Grow 5 percent as Household Demand Recovers
China’s economic growth is expected to increase to 5 percent in the current year, following the lifting of COVID-19 restrictions…
SAMA Awards License to Payment Fintech Company
The Saudi Central Bank (SAMA) licensed ‘Rasid Payments Company for Financial Technology’ to provide payment solutions through point of sales…
Meta Releases AI Model That Can Identify Items Within Images
Facebook-owner Meta published an artificial intelligence model on April 05, 2023 that can pick out individual objects from within an…