Bank Makramah Limited Appoints Hussain Lootah As Board’s Chair
The Board of Directors (BoD) of Bank Makramah Limited (BML), formerly known as Summit Bank Limited, has appointed Abdulla Nasser…
ECB Publishes Study On Environmental Impact Of Euro Banknotes
Caretaker Minister for Finance, Revenue, and Economic Affairs, Dr Shamshad Akhtar on December 21, 2023, formally launched the Pakistan’s Export-Import…
CBUAE Issues UAE Islamic Finance Report 2023
The Central Bank of the UAE (CBUAE) on December 20, 2023, has issued the UAE Islamic Finance Report 2023 which…
BOE Maintains Bank Rate At 5.25 Percent
The Bank has released a final set of expectations for the Tokenization of Payment Cards and Storage of Primary Account…
MPC Decides To Raise Policy Rate To 42.5 Percent
The Monetary Policy Committee (MPC) of Central bank of Republic of Turkiye on December 21, 2023 announced to raise the…
SBP Introduces ‘Shared e-KYC’ For Banks
State Bank of Pakistan (SBP), over the years, has strengthened the AML/CFT regime including processes for ‘Know Your Customer (KYC)’…
PBA Advances Shared eKYC Platform to Revolutionize Customer Onboarding
Pakistan Banks’ Association (PBA) has announced significant progress in the development and implementation of its Shared Electronic Know Your Customer…
AAOIFI Accounting Board issues Exposure Draft of Financial Accounting Standard on ‘Promotional Gifts and Prizes’
The Accounting Board (AAB / the board) of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) has officially…
Developing Asia’s 2023 Growth Outlook Upgraded to 4.9 percent
The Asian Development Bank (ADB) has raised its economic forecast for developing economies in Asia and the Pacific, after robust…
First Ijarah Sukuk Auction At PSX results In Resounding Success
The first primary market auction of the government of Pakistan one-year Ijarah Sukuk at Pakistan Stock Exchange (PSX) has resulted…