Pakistan Needs Sustained Macro-Fiscal, Structural Reforms to Overcome Economic Challenges
The World Bank (WB) on April 04, 2023 said that Pakistan required committed efforts for sustainable macro-fiscal and structural reforms…
Pakistan’s Exports to Afghanistan Increase 17.0 percent in 8 Months
Pakistan’s export of goods and services to Afghanistan witnessed an increase of 17.0 percent during the first eight months of…
Pakistani Textile Merchants Explore Chinese Market
Pakistan has been exporting cotton and yarn to China for 40 to 50 years and now Pakistani textile merchants are…
SECP Seeks Comments on Draft Amendments to NBFC Regulations, 2008
The Securities and Exchange Commission of Pakistan (SECP) has proposed on April 5, 2023 amendments in the Nonbanking Finance Companies…
CBUAE Raises the Base Rate at 25 Basis Points
The Central Bank of the UAE (CBUAE) has decided to raise the Base Rate applicable to the Overnight Deposit Facility…
Saudi Central Bank’s Decision on Repo and Reverse Repo Rate
The Saudi Central Bank has decided to raise the rate of Repurchase Agreement (Repo) by 25 basis points to 5.50…
CBUAE Launches the Central Bank Digital Currency Strategy “The Digital Dirham”
The Central Bank of UAE (CBUAE) jointly held a signing ceremony with G42 Cloud and R3 to mark the commencement…
14th Compliance and Anti-Money Laundering Seminar Kicks Off
Under the patronage of H.E. Mr Ayman Alsayari, Governor of the Saudi Central Bank (SAMA) and Chairman of the Anti-Money…
Banking Turmoil Has Potential to Trigger Financial Crisis
Australia and New Zealand Banking Group’s CEO said on March 27, 2023 that the latest turmoil in the global banking…
Huawei Makes Breakthrough in EDA Design Tools for 14nm Chips
Huawei has developed electronic design automation (EDA) tools for chips produced at and above 14-nanometer (nm) technology with domestic partners,…