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Northern Nigeria fuel tanker explosion claims over 140 lives
MAJIYA (Nigeria), October 17 2024: A devastating explosion killed more than 140 people in northern Nigeria after a fuel tanker overturned in the town of Majiya, Jigawa state, on Tuesday. The tragic incident unfolded when the tanker, attempting to avoid another vehicle, crashed, spilling fuel. As fuel gushed out, residents gathered to collect it, unaware…
SME Banking: SBP Launches “Challenge Fund”
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…
SBP Implements new reporting requirements for authorized dealers
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…
Finance minister chairs key meeting on state-owned enterprises
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…
Pakistan and Saudi Arabia to deepen economic cooperation
ISLAMABAD, October 10 2024: Pakistan and Saudi Arabia have reaffirmed their commitment to enhancing cooperation in key areas such as the economy, agriculture, mining and information technology. Both sides underlined the need to work together to build a prosperous and peaceful future for the region as well as for the Islamic World. This was discussed…