PBA Advances Shared eKYC Platform to Revolutionize Customer Onboarding
Pakistan Banks’ Association (PBA) has announced significant progress in the development and implementation of its Shared Electronic Know Your Customer…
AAOIFI Accounting Board issues Exposure Draft of Financial Accounting Standard on ‘Promotional Gifts and Prizes’
The Accounting Board (AAB / the board) of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) has officially…
Developing Asia’s 2023 Growth Outlook Upgraded to 4.9 percent
The Asian Development Bank (ADB) has raised its economic forecast for developing economies in Asia and the Pacific, after robust…
First Ijarah Sukuk Auction At PSX results In Resounding Success
The first primary market auction of the government of Pakistan one-year Ijarah Sukuk at Pakistan Stock Exchange (PSX) has resulted…
SECP’s ‘International Insure Impact Conference 2023’ Concludes
The Securities and Exchange Commission of Pakistan (SECP) hosted the International InsureImpact Conference 2023 on December 13-14, 2023. On the…
HBL Recognized As Leading Remittance Mobilizing Bank Of Pakistan
HBL has been recognized by the Pakistan Remittance Initiative (PRI) as the ‘Leading Remittance Mobilizing Bank of Pakistan’. The Bank…
ECB Publishes Study On Environmental Impact Of Euro Banknotes
The European Central Bank (ECB) on December 11, 2023, published an environmental footprint study of euro banknotes as a payment…
CBUAE Joins the Gulf Payments System ‘AFAQ’
The Central Bank of the UAE (CBUAE) on December 12, 2023, in Abu Dhabi joined “AFAQ” Payments System, which is…
Federal Reserve Issues FOMC Statement
Recent indicators suggest that growth of economic activity has slowed from its strong pace in the third quarter. Job gains…
BOE Maintains Bank Rate At 5.25 Percent
The Bank of England’s Monetary Policy Committee (MPC) set monetary policy to meet the 2 percent inflation target, and in…