SBP Issues NOCs to Five Applicants for Establishing Digital Banks
State Bank of Pakistan (SBP) has issued no objection certificates to the following five (05) applicants for establishing digital banks:…
Three-Day Pak-Russia Intergovernmental Commission Meeting Begins to Promote Cooperation
The 8th meeting of the Pakistani-Russian Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation commenced in Islamabad on January…
SBP Facilitates Entities and Freelancers to Enhance Export of Software, IT & IT Enabled Services
To facilitate exporters of software, IT & IT Enabled Services, State Bank of Pakistan (SBP) has amended its foreign exchange…
World Bank Warns Global Economy Could Tip into Recession in 2023
The World Bank slashed its 2023 growth forecasts on January 10, 2023, to levels teetering on the brink of recession…
Cryptocurrency: UK Treasury Considers Plan for Digital Pound
The government is considering introducing a national cryptocurrency or “digital pound”, the economic secretary to the Treasury has told MPs.…
CBUAE Issues New Guidance on AML/ CFT for Licensed Financial Institutions
The Central Bank of the UAE (CBUAE) has issued new guidance on anti-money laundering and combating the financing of terrorism…
Workers’ Remittances during H1FY23 Remained Behind the Cumulative Inflow during H1FY22
According to the press release issued by the State Bank of Pakistan on January 13, 2023, the Workers’ remittances recorded…
SECP Chairman Stresses upon Improving Service Standards of the Insurance Industry
The Chairman Securities and Exchange Commission of Pakistan (SECP) Akif Saeed emphasized improving the corporate image of the insurance industry…
SECP Apprises Digital Lenders on New Regulatory Requirements
The Securities and Exchange Commission of Pakistan (SECP) briefed the non-banking finance companies (NBFCs) on improved regulatory requirements, recently imposed…
19.7 million Mobile Phones, Smart Devices Manufactured Locally in Calendar Year 2022
Pakistan’s local mobile industry witnessed remarkable growth as the companies have manufactured around 19.7 million mobile phones and smart devices…