Deposit Protection Corporation Highlights Financial Stability in FY2023-24 Annual Report
The Deposit Protection Corporation (DPC), a subsidiary of the State Bank of Pakistan (SBP), has released its fourth Annual Report…
MCB Bank Appoints Muhammad Nauman Chughtai as New President and CEO
MCB Bank Limited (PSX: MCB) has officially announced the appointment of Muhammad Nauman Chughtai as its new President and Chief…
Private Sector Credit Surges by Rs151 Billion in a Week
Private sector credit (PSC) in Pakistan experienced a notable rise of Rs151.28 billion in a single week, reaching Rs10.68 trillion…
Pakistan and ADB Reaffirm Partnership in Climate Resilience and Development
On December 11, 2024, Pakistan’s Minister for Economic Affairs, Ahad Cheema, and Asian Development Bank (ADB) Country Director, Xiaoqin (Emma)…
SECP Unveils Strategic Action Plan 2024-2026 for Growth of Islamic Finance in Non-Bank Financial Sector
The Securities and Exchange Commission of Pakistan (SECP) has approved a comprehensive Strategic Action Plan for 2024-2026 aimed at accelerating…
National Cash Forum Launches Comprehensive Website for Cash-related Information
The National Cash Forum has unveiled a new website aimed at providing reliable and comprehensive information about cash-related topics. This…
Saudi Central Bank Launches Samsung Pay to Boost Digital Payments Ecosystem
The Saudi Central Bank (SAMA) has officially announced the launch of the ‘Samsung Pay’ service in Saudi Arabia, integrated with…
Rupee Marginally Declines Against US Dollar
The Pakistani rupee experienced a slight decline against the US dollar in the interbank market on Tuesday, depreciating by 0.03%.…
Pak-America Business Summit 2024 Strengthens Trade Ties and Economic Cooperation
The Rawalpindi Chamber of Commerce and Industry (RCCI), in collaboration with the Pak-America Business Forum (PABF), recently hosted the 5th…
ESRB Highlights Rising Financial Stability Risks Amid Geopolitical and Economic Uncertainty
During its 56th regular meeting on November 28, 2024, the General Board of the European Systemic Risk Board (ESRB) raised…