Bank of Canada Maintains Policy Rate, Continues Quantitative Tightening
The Bank of Canada April 12, 2023 held its target for the overnight rate at 4.50 percent, with the Bank…
Pak-China Joint Lab Established to Build AI Transportation System
Shan Dong Joao Tong University (SDJTU) and the National University of Sciences and Technology (NUST) launched the project of a…
Workers’ Remittances Were Higher by 27.4 percent (m/m) in March 2023
Workers’ remittances recorded an inflow of US$2.5 billion during March 2023. In terms of growth, during March 2023, remittances increased…
SBP Releases First and Second Quarterly Report of Payment Systems for FY23
State Bank of Pakistan released its first and second quarterly report of Payment Systems for the Fiscal Year 2022-23(FY23) on…
Pakistan’s Copper Export to China Increased 16.5 percent in Jan-Feb 2023
Copper and articles thereof have seen an increase in exports to China from Pakistan in recent years. In the first…
SECP Publishes Digital Lending Applications Whitelist
On April 12, 2023 Pursuant to Google’s updated policy for digital lending apps from Pakistan, the Securities and Exchange Commission…
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…