SBP Extends IFRS-9 Implementation Deadline Following PBA’s Request
In a recent development, the State Bank of Pakistan (SBP) has issued a circular extending the deadline for the implementation…
ICBC to Continue to Promote International Operations
Despite facing geopolitical risks, rising unilateralism and protectionism and strengthened requirements for compliance management this year, the Industrial and Commercial…
Global Central Banks Keep Up Inflation Fight in March
The pace of interest rate hikes by major developed and emerging market central banks continued at a healthy clip in…
Deputy Governor Paul Beaudry to Leave the Bank of Canada
The Bank of Canada announced on April 04, 2023 that Deputy Governor Paul Beaudry will leave the bank at the…
China’s Economy Forecast to Grow 5 percent as Household Demand Recovers
China’s economic growth is expected to increase to 5 percent in the current year, following the lifting of COVID-19 restrictions…
SAMA Awards License to Payment Fintech Company
The Saudi Central Bank (SAMA) licensed ‘Rasid Payments Company for Financial Technology’ to provide payment solutions through point of sales…
Meta Releases AI Model That Can Identify Items Within Images
Facebook-owner Meta published an artificial intelligence model on April 05, 2023 that can pick out individual objects from within an…
Pakistan, China Ought to Join Hands to Face Climate Change
Despite contributing less than 1 percent of global emissions, Pakistan was among the 10 countries most affected by the climatic…
ADB Sees Pakistan’s Economic Recovery with Robust Reforms
Asia Development Bank (ADB) on April 04, 2023 said Pakistan’s economy continued to face strong headwinds but it had the…
Pakistan, Italy Sign Rs 500 million Agreement for Improved Healthcare of Children, Women Under BISP
Pakistan and Italy on April 04, 2023 reached an agreement under which funds amounting to Rs 500 million would be…