UAE GDP Growth is Expected to Double in 2022 to 7.6 percent
The United Arab Emirates (UAE’s) real GDP growth in 2021 was 3.9 percent, data showed. The UAE’s economic growth is…
SAMA Completes Connectivity to Social Development Bank through “Tanfeeth” Program
The Saudi Central Bank (SAMA) announced the completion of connectivity to the Social Development Bank via “Tanfeeth” program. The underlying…
ADB Advises Pakistan to Provide Targeted Subsidies, Enhance Tax-to-GDP Ratio
The Asian Development Bank (ADB) has suggested Pakistan to provide targeted subsidies to mitigate inflationary pressure on people; bring about…
Pakistani Men’s Garments Export to China Increases 29 percent in Q1 of 2023
Pakistani men’s garment export to China experienced a significant growth of 29 percent in the first quarter of 2023. This…
SECP and ICAP Hold Capacity Building Session on Sustainability Disclosures and Reporting
The Securities and Exchange Commission of Pakistan (SECP) in partnership with Institute of Chartered Accountants of Pakistan (ICAP) held an…
Workers’ Remittances Accumulated to US$2.2 billion in April 2023
Workers’ remittances recorded an inflow of US$2.2 billion during April 2023. In terms of growth, during April 2023, workers’ remittances…
SAMA: Insurance Sector Grew by 26.9 percent in 2022
The Saudi Central Bank (SAMA) issued the 16th Saudi Insurance Market Annual Report. The report highlights the insurance sector’s performance…
China Holds Rates, Adds More Liquidity as Recovery Struggles
China’s central bank rolled over maturing medium-term policy loans while keeping the interest rate unchanged on May 15, 2023, as…
EU States Approve World’s First Comprehensive Crypto Rules
European Union states on May 16, 2023 gave the final nod to the world’s first comprehensive set of rules to…
SIBL Applies to SECP for Conversion into a Shariah Compliant Entity
After the announcement of the Federal Shariat Court Judgement last year, the Securities and Exchange Commission of Pakistan (SECP) has…