Thailand Strengthens Financial Policies to Address High-Risk Transactions and Sanctions Risks
The Anti-Money Laundering Office (AMLO) and the Bank of Thailand (BOT) are intensifying efforts to mitigate risks within the Thai…
AVM Muhammad Amir Hayat Reappointed as Acting CEO of PIA Amid Privatization Efforts
Air Vice Marshal (AVM) Muhammad Amir Hayat has been reappointed as the Acting Chief Executive Officer (CEO) of Pakistan International…
AAOIFI Issues Five Governance Standards on Shari’ah Governance
The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) has announced the issuance of five new governance standards on…
SBP Introduces Revised Regulatory Framework for Exchange Companies to Strengthen Governance and Compliance
The State Bank of Pakistan (SBP) has introduced a revised and consolidated Regulatory Framework for Exchange Companies (RFEC), aimed at…
SBP’s Final Deadline for National Prize Bond Redemption Approaches on December 31, 2024
The State Bank of Pakistan (SBP) has issued a reminder to the public that the final deadline for redeeming, encashing,…
SBP Sets December 31 Deadline for National Prize Bond Redemption
The State Bank of Pakistan (SBP) has issued a reminder to the public that December 31, 2024, marks the final…
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…