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SBP to discontinue airtime incentive for USD remittances

Sep 22, 2023

The incentive of airtime equivalent to Rs2 per USD allowed by the Government of Pakistan will no longer be available or valid after thirty days, the latest circular issued by the Banking Policy & Regulations department of State Bank of Pakistan (SBP) notified today.

SECP revamps Shariah governance framework

Sep 22, 2023

The Securities and Exchange Commission of Pakistan (SECP) has notified the Shariah Governance Regulations, 2023, revamping the regulatory framework by combining and repealing the earlier Shariah Governance Regulations, 2018 and the Shariah Advisors Regulations, 2017, according to a press release issued today.

Govt hikes petrol prices by Rs26

Sep 18, 2023

The caretaker government on Friday hiked the petrol and High-Speed Diesel (HSD) prices by Rs26.02 and Rs17.34 per litre to Rs331.38 and Rs329.18 per litre, respectively, according to the notification issued by Ministry of Finance.

Key Pakistan Market Stats and Economic Indicators

Sep 18, 2023

Market Data and Economic Indicators

MG Morning Breeze: Updates to Skim before Market

Sep 18, 2023

Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

RTX to take $3 billion charge on Pratt & Whitney engine problem, shares tumble 8%

Sep 18, 2023

Pratt & Whitney’s parent said an engine manufacturing issue will hit its pretax results by $3 billion this quarter.

Shipping giant Maersk is seeing tentative signs of a bounce back in global trade

Sep 18, 2023

Consumers in the U.S. and Europe have been key drivers in the demand uptick, Vincent Clerc told CNBC’s Silvia Amaro, and those markets have continued to “surprise on the upside.”

Vipshop Teams Up with TNC to Pursue Sustainable Ecological Conservation Strategies

Sep 5, 2023

Vipshop, a leading online discount retailer for brands in China ("Vipshop" or the "Company"), has forged a partnership with The Nature Conservancy (TNC). As a founding benefactor of Beijing's Miyun Close-to-Nature Forest Management and Bird Habitat Optimization Project, Vipshop commits to financing the initiative in its inaugural year.

Supporting AIPF 2023's Strategic Vision, BRI Strengthens Its Position as a Leading Force in Sustainable Finance with Over IDR 732.3T in ESG Loans

Sep 5, 2023

PT Bank Rakyat Indonesia (BRI) Persero Tbk. (IDX: BBRI) is at the forefront of sustainable financing in Indonesia.

NEC APAC & TASConnect revolutionize the way organizations measure and manage working capital

Sep 5, 2023

NEC Asia Pacific (NEC APAC), the regional headquarters of leading information and communications technology provider NEC Corporation (HQ: Japan) in Southeast Asia, signed a strategic agreement with TASConnect, a wholly owned subsidiary of SC Ventures Holdings Limited – Standard Chartered's innovation, fintech investment and ventures arm – to develop a joint technology solution that seeks to revolutionize the way organizations measure, monitor, manage and enhance financial performance, ultimately driving sustainable growth and improving their organization's working capital efficiency.

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