SBP Injects Rs2.43 Trillion into Market via Reverse Repo and Shariah-Compliant OMO to Stabilize Liquidity
In a significant move to stabilize market liquidity, the State Bank of Pakistan (SBP) injected Rs2,429.65 billion into the financial…
US Regulator Clarifies Stance on Crypto Dealings for Banks
The Federal Deposit Insurance Corporation (FDIC) has clarified its position on banks’ involvement with cryptocurrency, revealing that while it advised…
World Bank Highlights Rising Poverty in Pakistan, Calls for Urgent Reforms
The World Bank’s latest report, Poverty Projections for Pakistan, has revealed a troubling surge in poverty rates in the country,…
KIBOR Rates for January 3, 2025: Key Insights for Borrowing Costs in Pakistan’s Interbank Market
The State Bank of Pakistan (SBP) has released the Karachi Interbank Offered Rates (KIBOR) on January 3, 2025, providing a…
PSX Issues Comprehensive Guidelines on Stock Splits for Listed Companies
The Pakistan Stock Exchange (PSX) has announced the issuance of comprehensive guidelines for stock splits, following approval from the Securities…
Parwaaz Partners with CreditBook to Empower SME Retailers Through Flexible Financing
Parwaaz Financial Services has joined forces with CreditBook in a strategic partnership aimed at transforming the financial landscape for Small…
Meezan Bank Partners with Ekkel AI to Revolutionize Banking with Generative AI
Meezan Bank, Pakistan’s leading Islamic bank, has announced a transformative partnership with Ekkel AI to harness the power of Generative…
Central Bank of Oman Approves Open Banking Regulations and 2025 Budgets
The Central Bank of Oman (CBO) concluded its fourth Board of Governors meeting for the year on December 29, 2024,…
Mashreq Becomes First Digital Retail Bank to Launch Pilot Operations in Pakistan
Mashreq Pakistan has made history by becoming the first bank to launch pilot operations as a digital retail bank in…
Uraan Pakistan Plan Targets $5 Billion from Gig Economy and ICT Exports
The ambitious “Uraan Pakistan” 13th Five-Year Plan (2024-2029) sets a transformative goal of generating $5 billion through freelancing and the…