SECP Unveils Strategic Action Plan 2024-2026 for Growth of Islamic Finance in Non-Bank Financial Sector
The Securities and Exchange Commission of Pakistan (SECP) has approved a comprehensive Strategic Action Plan for 2024-2026 aimed at accelerating…
Saudi Central Bank Launches Samsung Pay to Boost Digital Payments Ecosystem
The Saudi Central Bank (SAMA) has officially announced the launch of the ‘Samsung Pay’ service in Saudi Arabia, integrated with…
Pakistan Set to Lead Global Shift in Shariah-Compliant Financing, Says SECP Chairman
Pakistan is on track to become a global leader in Shariah-compliant financing, according to the Securities and Exchange Commission of…
ACE Money Transfer Recognized by SBP for High Remittance Volumes to Pakistan
ACE Money Transfer, a prominent global fintech in the remittance industry, has been recognized by the State Bank of Pakistan…
ZTBL Partners with Wateen to Strengthen Cybersecurity with New Security Operations Center
Zarai Taraqiati Bank Limited (ZTBL) has taken a significant step toward enhancing its cybersecurity infrastructure by partnering with Wateen to…
MCB Bank Partners with BPC to Enhance Digital Security with AI-Powered Fraud Prevention
MCB Bank Limited (MCB), one of Pakistan’s leading financial institutions, has partnered with BPC, a global leader in payment solutions,…
China Revises Narrow Money (M1) Definition for January 2025
The People’s Bank of China (PBOC) has announced a major adjustment to its calculation of narrow money (M1), set to…
Pakistan Set to Lead in Shariah-Compliant Financing, Says SECP Chairman
Pakistan is positioning itself to take the lead in the global Islamic finance sector, with the Securities and Exchange Commission…
Islamic Finance Key to Sustainable Growth and Climate Action: Ahsan Iqbal at IBA Forum
Planning Minister Ahsan Iqbal has emphasized the vital role of Islamic finance in fostering sustainable economic growth and addressing global…
Pakistan Banks’ Advance-to-Deposit Ratio Hits 47% Amid Aggressive Lending
The Advance-to-Deposit Ratio (ADR) of Pakistan’s banking sector reached a significant 47% as of November 15, 2024, reflecting a robust…