MPC, SBP Decides to Raise the Policy Rate by 300 Basis Points
At its meeting held on March 2, 2023, the Monetary Policy Committee (MPC) of State Bank of Pakistan decided to…
PBA Announces Launch Date for Shared eKYC Project Following Agreement Signing
The Pakistan Banks’ Association (PBA) has announced the commencement of the first phase of the Shared eKYC Project, set to…
In Presence of SAMA Governor: AMLPC Holds its Monthly Meeting
In the presence of Ayman Alsayari, governor of the Saudi Central Bank (SAMA) and chairman of the Anti-Money Laundering Permanent…
Biden Nominates Former MasterCard CEO Ajay Banga to Head World Bank
US President Joe Biden on February 23, 2023, nominated former MasterCard CEO Ajay Banga to become president of the World…
Turkiye Slashes Policy Rate by 50 Basis Points as Country Continues to Reel from Earthquake
Turkiye’s central bank on February 23, 2023, slashed its policy rate by 50 basis points from 9 percent to 8.5…
US Mortgage Interest Rates Jump to Highest Level Since November – MBA
The average interest rate on the most popular US home loan rose last week to its highest since November as…
US Regulators Warn Banks to be on Alert for Crypto-related Liquidity Risks
Top US banking regulators issued a fresh warning to banks to be on guard for any liquidity risks from cryptocurrency-related…
Pak-China Desert Locust Control Cooperation Helps Protect Crops in Pakistan
Thanks to the joint efforts of both Pakistan and China, the desert locusts plague has finally been brought under control…
Automobile Prices Up By 149 Percent During 2018-23
Pakistan Business Forum (PBF) said on February 22, 2023, that automobile sector had raised the prices by 149 percent during…
SECP Issues Diagnostic Report on Islamic Finance
The Securities and Exchange Commission of Pakistan (SECP) has released a diagnostic report to document key issues and challenges for…