State Bank of Pakistan (SBP) Governor Dr Reza Baqir has been appointed as the Chairman of the Council of Islamic Financial Services Board (IFSB), Malaysia, for the year 2022. According to a statement issued by the central bank on today, Baqir’s appointment was approved by the IFSB Council in its 39th meeting held on December مزید پڑھیں

The pandemic has provided a breakup salve to the Big Four accountancy firms. On Thursday, KPMG reported annual revenue of $32.1 billion, 10% more than last year. Its advisory business, which helps clients with takeovers and restructurings, was the big earner. Its revenue ballooned to $13.7 billion, a 17% annual rise. KPMG’s traditional audit business مزید پڑھیں

Pakistani currency downward slide continued on Friday as the local unit edged lower by 0.06% to settle at Rs177.71 against the US dollar in the interbank market. The local currency surpassed Thursday’s record low of Rs177.61 due to increased demand from the importers and a lack of sufficient supplies. According to a poll of key مزید پڑھیں

 The dollar was largely unchanged in early European trade Friday ahead of the release of key U.S. inflation data, which could influence Federal Reserve monetary policy thinking into the new year. The euro , seen as vulnerable to a Federal Reserve hike especially if European rate rises lag, dropped 0.4% on Thursday and was steady مزید پڑھیں

The National Electric Power Regulatory Authority (NEPRA) on Thursday increased power tariff by Rs4.74 per unit on account of fuel charges adjustment (FCA) for October 2021. The FCA for October 2021 will be charged with the bill of December 2021, which will be paid by all consumer categories of distribution companies, except for lifeline of مزید پڑھیں

Investment bank Jefferies Financial Group on Wednesday asked staff to work from home again due to a spate of COVID-19 cases, raising questions about banks’ efforts to return to business as usual. U.S. banks have been more assertive than other industries in encouraging employees back to the office, but those plans have come under renewed مزید پڑھیں

Social media giant Weibo has made its Hong Kong stock market debut as Chinese technology firms come under intense pressure at home and abroad. Weibo’s shares fell by more than 6% in the first few minutes of trading. The firm joins other major Chinese technology companies, including Alibaba and JD.com, which are listed in both مزید پڑھیں

The world’s largest payment processor, on Wednesday launched a global crypto advisory service for clients such as banks and also merchants, as the adoption of digital currencies gains steam. The move by Visa comes against the backdrop of unprecedented investor demand for crypto services and the company’s latest offering is geared towards financial institutions eager مزید پڑھیں

China’s exports growth lost steam in November, pressured by a strong yuan, weakening demand and higher costs, but imports unexpectedly accelerated as the country scrambled to restock depleted commodities like coal. Exports rose 22% year-on-year in November, customs data showed on Tuesday, slower than the 27.1% jump in the previous month but faster than the مزید پڑھیں

Minister for Energy Hammad Azhar says the government is expecting five percent economic growth this year due to its prudent policies. In a video statement, he said the government made the national economy stable and a record increase in foreign remittance is being witnessed. He said Pakistan has dealt with Corona Pandemic in an effective مزید پڑھیں