

France Provides Euro 180 million for NTDC Transmission Lines, Grid Stations Projects
France has provided Euro 180 million soft loan to Pakistan for financing the National Transmission and Dispatch Company (NTDC) transmission…

Pakistan Economic Survey 2022-23 Launched
Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar on June 8, 2023 formally launched the ‘Pakistan Economic Survey…

CBUAE and Bank CEOs Convened to Discuss Initiatives and Preparations of the Financial Sector to Support the UAE’s Hosting of COP28
His Excellency Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), convened with CEOs of UAE banks…

Immigration Can Help Keep Down UK Inflation, Says IMF Deputy
Immigration that fills gaps in the domestic jobs market can help push down UK inflation, the deputy head of the…

NAMLCFTC Discusses the FATF Action Plan Updates
The UAE National Anti-Money Laundering and Combatting Financing of Terrorism and Financing of Illegal Organizations Committee (NAMLCFTC) on June 06,…

The Reserve Bank of Australia Increases Cash Rate Target by 25 Basis Points
At its meeting on June 06, 2023, the Board decided to increase the cash rate target by 25 basis points…

Bank of Canada Raises Policy Rate by 25 Basis Points, Continues Quantitative Tightening
The Bank of Canada on June 07, 2023 increased its target for the overnight rate to 4.75 percent, with the…

SECP Grants NOC for Launching Four VPS Fund Schemes for KP Govt Employees
The Securities and Exchange Commission of Pakistan (SECP) has granted no objection certificates (NOCs) on June 06, 2023 the trust…

State Bank of Pakistan Renews the Status of VIS and PACRA as Eligible External Credit Assessment Institutions (ECAIs)
State Bank of Pakistan on June 06, 2023 has renewed the status of the two credit rating agencies operating in…

USAID to Provide $445.6 million to Pakistan under Five-year DOAG Program
The USAID will provide US$445,600,000 to Pakistan during next five years under bilateral Development Objectives Assistance Agreement (DOAG) for the…