Saudi Economy Grew in 2022, Supported by Resilient Financial System
The Saudi Central Bank (SAMA) issued the Financial Stability Report 2023, which highlights key local and global economic developments and…
CBUAE Maintains the Base Rate at 5.15 percent
The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility…
Federal Reserve Issues – Federal Open Market Committee (FOMC) Statement
Recent indicators suggest that economic activity has continued to expand at a modest pace. Job gains have been robust in…
AI ‘Godfather’ Prof Yan LeCun Says it Would Not Take Over the World
One of the three “godfathers of AI” has said it would not take over the world or permanently destroy jobs.…
New Zealand: Economy Slips into Recession After Interest Rate Hikes
New Zealand’s economy has fallen into recession after the country’s central bank aggressively raised interest rates to a 14-year high.…
SECP Registers 2,539 Companies in May 2023
The Securities and Exchange Commission of Pakistan (SECP) registered 2,539 new companies in May 2023, bringing the total number of…
Commissioner SECP Meets with Special Secretary Finance GoKPK
SECP team, led by Commissioner, Mr Mujtaba Ahmad Lodhi paid a visit to Special 1Secretary Finance, Government of Khyber Pakhtunkhwa…
MPC, SBP Decides to Keep the Policy Rate Unchanged at 21 percent
The Monetary Policy Committee (MPC) decided to keep the policy rate unchanged at 21 percent on June 12, 2023. The…
Karandaaz and Vizpro Join Hands to Digitization of Retailer to Distributor Payments
Karandaaz a prominent organization at the forefront of promoting financial inclusion and driving digital transformation in Pakistan, has announced its…
Workers’ Remittances Accumulated to US$2.1 billion in May 2023
Workers’ remittances recorded an inflow of US$2.1 billion during May 2023. In terms of growth, during May 2023, remittances decreased…