

SECP Halts Crescent Star Insurance’s Guarantees Business Over Regulatory Violations
The Securities and Exchange Commission of Pakistan (SECP) has officially ceased the guarantees business of Crescent Star Insurance Limited under…

SBP Forms Financial Institutions Resolution Department to Address Sector Challenges
The State Bank of Pakistan (SBP) has announced the establishment of the Financial Institutions Resolution Department (FIRD), a specialized unit…

FBR Launches Faceless Customs Assessment System at Karachi to Enhance Transparency
The Federal Board of Revenue (FBR) is set to revolutionize customs operations in Pakistan with the launch of the Faceless…

Federal Reserve Lowers Target Range for Federal Funds Rate to 4.25%-4.50%
The Federal Reserve has reduced its target range for the federal funds rate by 0.25 percentage points, bringing it down…

Cabinet Reviews Dual Nationals’ Eligibility for Key SBP Positions Under New Amendment
The Federal Cabinet has formed a special committee to review proposed amendments to the State Bank of Pakistan (SBP) Act,…

SECP Delegation Visits China to Strengthen Capital Market Collaboration
A high-level delegation from Pakistan, led by Securities & Exchange Commission of Pakistan (SECP) Chairman Akif Saeed, is currently visiting…

SBP Likely to Take Cautious Approach to Interest Rate Cuts Amid Economic Challenges
The State Bank of Pakistan (SBP) is expected to adopt a measured approach to reducing the policy rate, despite significant…

SBP Restructures Banking Supervision, Introduces Cyber Risk Management Unit
The State Bank of Pakistan (SBP) has announced a significant restructuring of its Banking Supervision Group to enhance regulatory oversight…

SBP Restructures Banking Supervision and Launches New Cyber Risk Department
In a strategic move to enhance its regulatory oversight and strengthen its response to emerging risks in the financial sector,…

ESRB Highlights Rising Financial Stability Risks Amid Geopolitical and Economic Uncertainty
During its 56th regular meeting on November 28, 2024, the General Board of the European Systemic Risk Board (ESRB) raised…