KARACHI: The State Bank of Pakistan (SBP) has announced to launch of a “Challenge Fund” for technology adoption & digitalization of SME banking to support innovative solutions for SME banking in the country. The SBP has been taking measures to facilitate banks in improving access to finance for the SME sector and as a part…
Karachi, October 11, 2024: The State Bank of Pakistan (SBP) has announced significant updates to the reporting requirements for Authorized Dealers in the foreign exchange market, following an amendment under Para 33 of Chapter 12 of the Foreign Exchange (FE) Manual. Effective immediately, Authorized Dealers are now required to submit specific statements . Appendix V-20…
Islamabad, October 11, 2024: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb presided over a crucial meeting of the Cabinet Committee on State-Owned Enterprises (CCoSOEs) today at the Finance Division. The meeting focused on enhancing the management and categorization of state-owned entities to improve their efficiency and effectiveness. A significant agenda item was the…
Ashgabat, October 11, 2024: During a pivotal meeting with Numan Kurtulmus, Speaker of the Turkish Parliament, President Asif Ali Zardari emphasized the importance of improving railroad connectivity between Pakistan and Turkiye as a means to enhance trade, economic cooperation, and people-to-people contacts. The discussion took place on the sidelines of the International Forum on “Interrelation…
Islamabad, October 11, 2024: In a meeting held today in Islamabad, Barrister Danyal Chaudhry, Parliamentary Secretary on Information and Broadcasting, expressed optimism about the upcoming Shanghai Cooperation Organization (SCO) summit, highlighting its potential to strengthen business ties between China and Pakistan. The meeting included representatives from the Pakistan Overseas Chinese Association and the China-Pakistan Youth…