CBUAE Hosts Sixth Annual Meeting Of The CEBRA International Trade And Macroeconomic Program
His Excellency Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), on November 20, 2023, inaugurated the…
Saudi Central Bank And People’s Bank Of China Establish A Bilateral Currency Swap Arrangement
The Saudi Central Bank (SAMA) and the People’s Bank of China have signed a three-year agreement to establish a bilateral…
Indonesia’s Balance Of Payments Improving, External Sector Stability Maintained
Indonesia’s Balance of Payments (BOP) improved in the third quarter of 2023 despite increasing global economic uncertainty. Indonesia’s BOP in…
SBP Issues Standardization Of Purpose List For Domestic Electronic Fund Transfers
Payment Systems Policy and Oversight Department (PSP&OD) of State Bank of Pakistan (SBP) vide their circular letter issued on November…
Microsoft Introduces Its Own Chips For AI, with Eye On Cost
Microsoft, on November 15, 2023, announced a duo of custom-designed computing chips, joining other big tech firms that – faced…
Inflation Slows In United Kingdom To 4.6 percent As Government Pledge Met
United Kingdom (UK) inflation fell sharply in October to its lowest rate in two years, largely due to lower energy…
Broken Food System Costs Pakistan Almost $162 billion a Year
The total quantified hidden costs of the agri-food system for Pakistan amount to approximately $161.8 billion, constituting around 15 percent…
Expert Committee Formed To Finalize Modalities For GDS Trading On PSX
The Ministry of Finance has established a committee, comprising experts from the financial sector on November 15, 2023, to finalize…
Pakistan, IMF Reach Agreement On Second Tranche Of $700 Million Under SBA
The International Monetary Fund (IMF) staff and the Pakistani authorities have reached a staff-level agreement on the first review under…
Meezan Bank Limited Collaborates With SAFCO Microfinance Company Private Limited (SMCL) For The Launch Of Islamic Microfinance Services
In a significant development for Islamic finance, Meezan Bank, Pakistan’s leading Islamic bank has joined hands with SAFCO Microfinance Company…