CBK Announces Joining of the Second Group of Banks to GCC Cross-border Payment System (AFAQ)
Following its efforts to develop cross-border payment systems and deploy advanced technologies to enhance efficiency, minimize reliance on financial systems…
Third of World in Recession this Year, IMF Head Warns
A third of the global economy will be in recession this year, the head of the International Monetary Fund (IMF)…
Saudi Central Bank Launches Open Banking Lab
The Saudi Central Bank (SAMA) announced the launch of the Open Banking Lab according to the Open Banking Framework issued…
Amazon CEO Says Job Cuts to Exceed 18,000 Roles
Amazon.com Inc’s layoffs will now increase to more than 18,000 roles as part of a workforce reduction it previously disclosed,…
Standard Chartered Becomes First Foreign Bank to Trade Bond Futures in China
Chartered Plc’s China unit said it had become the first foreign bank to trade treasury bond futures in the country…
Almubarak Named “The Best Central Bank Governor of the Year 2023 For the Middle East”
The Banker magazine named H.E. Fahad Almubarak, Governor of the Saudi Central Bank (SAMA), as the Best Central Bank Governor…
FBR Achieves Unprecedented Growth of 66 Percent in Direct Taxes Collection During the Month of December 2022 Compared to December 2021
Federal Board of Revenue (FBR) has demonstrated a remarkable revenue collection performance in the first six months of the current…
SECP Issues Consolidated Circular for Modaraba Sector
In a bid to improve efficiency and compliance in the Modaraba sector, the Securities and Exchange Commission of Pakistan (SECP)…
Investment under CPEC to Reach $62 Billion by 2030: Report
The total planned investment under China Pakistan Economic Corridor (CPEC) is $62 billion between FY2015 and FY2030, out of which…
Trade Deficit Narrows by 32.6 percent in 1st Half of FY23
The trade deficit witnessed a decline of 32.6 percent during the first half of the current fiscal year as compared…