CBUAE Raises the Base Rate at 25 Basis Points
The Central Bank of the UAE (CBUAE) has decided to raise the Base Rate applicable to the Overnight Deposit Facility…
The Saudi Central Bank’s Decision on Repo and Reverse Repo Rates
Consistent with its mandate of preserving monetary stability, the Saudi Central Bank (SAMA) has decided to raise the rate of…
Federal Reserve issues Monetary Committee Statement
Economic activity expanded at a modest pace in the first quarter. Job gains have been robust in recent months, and…
ADB President Reaffirms ADB’s Continued Support for Pakistan
President Asian Development Bank (ADB), Masatsugu Asakawa on May 03, 2023 reaffirmed the bank’s continued support to Pakistan. The ADB…
Kuwaiti Investors Make Biggest FDI in Pakistan’s Takaful Sector
5th Pillar Family Takaful Limited, a newly licensed Takaful company, has received the largest ever Foreign Direct Investment (FDI) in…
FBR Signs Data Sharing Agreements with Sindh and Balochistan Boards of Revenue
In line with the vision of the Prime Minister to enhance efficiency and transparency in the tax collection system and…
SECP Introduces Regulatory Framework for ‘Online Only’ Brokers
The Securities and Exchange Commission of Pakistan (SECP) has approved the regulatory framework for online only brokers through amendments to…
State Bank of Pakistan Hosts 43rd SAARCFINANCE Governors’ Meeting and SAARCFINANCE Symposium – 2023
The 43rd SAARCFINANCE Governors’ Group Meeting was held on May 02, 2023 in Islamabad. Mr Jameel Ahmad, Governor State Bank…