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Articles for tag: collaborations, committed, cooperation, economic development, enhancing, financial, global stakeholders, goals, Governor, household, inclusion, SBP

January 14, 2025

News Desk

SBP is committed to enhancing financial inclusion

KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmad reaffirmed the central bank’s commitment to increasing financial inclusion through strong collaboration with both global and domestic stakeholders. He made these remarks in a meeting on Monday with the CEO of the Alliance for Economic Inclusion (AFI) Dr. Alfred Haning, who was on a visit to Pakistan. Ahmad highlighted the third edition of the National Financial Inclusion Strategy (NFIS) 2024-2028 released by the SBP recently. He stressed that the central bank will promote efforts to strengthen financial inclusion through digitization and reduce the gender gap in finance. SBP has been a

December 16, 2024

News Desk

SBP governor sees inflation picking up after 3 to 4 months

State Bank of Pakistan Governor Jameel Ahmad. — X/@StateBank_Pak Ahmed says the risk factors remained despite a decline in headline inflation. Adding the next rise in inflation would not be a concern. “It takes 4-6 quarters to see the full impact of policy rate changes.” After the State Bank of Pakistan cut its key policy rate to 13 percent due to falling inflation, central bank governor Jameel Ahmed said on Monday that inflation is expected to pick up after remaining low for the next three to four months. Ahmed, speaking of Geo News “Aaj Shahzeb Khanzada Kay Saath”, said the

October 2, 2024

News Desk

Forex reserves rise to cover imports for 2 months, SBP governor confirms

SBP Governor Jameel Ahmad addressing a press conference in this undated picture. — AFP/File Liquid foreign exchange reserves now stand at $10 billion according to the SBP. SBP chief says IMF disbursement eased pressure on rupee. Ahmad says the fall in inflation has had a positive impact on monetary policy. Pakistan’s foreign exchange reserves have risen to cover two months’ worth of imports after the arrival of the first tranche of the International Monetary Fund’s (IMF) 37-month loan deal under the $7 billion Expanded Facility (EFF), Governor State Bank of Pakistan (SBP) Jameel Ahmed said on Wednesday. In a much-needed

August 21, 2024

News Desk

Sindh governor supports manufacturing sector

KARACHI: The Governor of Sindh, Kamran Tessori, has reaffirmed his commitment to support initiatives that promote the development of the manufacturing sector and contribute to the economic development of the country. During a visit to the Indus Motor Company (IMC) plant, Tessori lauded the company’s achievements in localization, its contribution to the local automotive industry and its impact on the national economy and employment generation. “It was a remarkable experience to visit Indus Motor and witness first-hand their state-of-the-art plant which has set a benchmark in the automotive industry of Pakistan,” he said. “The company’s significant capital and human resources

August 10, 2024

News Desk

Bangladesh’s chief justice and central bank governor resigned amid protests

Protesters gather at the Supreme Court premises demanding the resignation of Chief Justice of Bangladesh Obaidul Hasan in Dhaka, August 10, 2024. — Reuters An adviser to the interim government urges protesters to remain peaceful “The resignation of the governor of the Central Bank Abnur Rouf was not accepted”. 4 deputy governors were forced to resign after protests days ago. Bangladesh’s judge and central bank governor have resigned, officials said Saturday, as student protests that forced Prime Minister Sheikh Hasina out widened to target more officials appointed during her tenure. Chief Justice Obaidul Hasan resigned, law ministry adviser Asif Nazrul

March 29, 2024

News Desk

پل ہٹانے اور متاثرہ افراد کی مدد کرنے کا فیصلہ

فوٹو بشکریہ بین الاقوامی میڈیا  میری لینڈ کے گورنر ویس مور کی جانب سے بالٹی مور پُل کے گرنے کے بعد اس کے ملبے کو ہٹانے اور متاثرہ افراد کی مدد کرنے کا اعلان کیا گیا ہے۔ گورنر ویس مور نے حال ہی میں ایک نیوز کانفرنس کے دوران کارگو جہاز کے ٹکرا جانے کے بعد بالٹی مور پل کے ملبے کو صاف کرنے کے اپنے منصوبے کی ابتدائی تفصیلات فراہم کی ہیں۔ میری لینڈ کی مدد کے لیے کی گئی درخواست پر بائیڈن انتظامیہ نے ایمرجنسی فنڈز میں60 ملین ڈالر کی منظوری دی ہے۔ گورنر ویس مور نے بتایا

March 24, 2024

News Desk

Governor of Sindh to facilitate businessmen

KARACHI: Sindh Governor Kamran Khan Tessori, while underlining the need for collective efforts to change the mindset of entrepreneurs, stressed that the rulers and representatives of the states should realize that Pakistan will progress only when the business community prospers, which it will be possible when all entrepreneurs and industrialists are given special status and due respect. “It has always been my wish and I am trying very hard to implement that the business community has a special status in the Pakistan Blue Book, which would leave the rulers no choice but to wholeheartedly respect the business community and consult

January 18, 2024

News Desk

IMF debt dilemma looms after election: former SBP governor

“IMF will have to decide whether to pull the plug on Pakistan or not,” says Reza Baqir A customer talks to a shopkeeper selling groceries at a market in Karachi, Pakistan, June 8, 2023. — Reuters Reza Baqir says the IMF faces a tough choice after Pakistan’s referendum. “The IMF will have to decide whether to pull the plug or not.” The Fund argues that Pakistan’s debt is sustainable. The International Monetary Fund (IMF) faces tough choices on how to deal with Pakistan after February’s elections and how to assess the country’s debt situation, former central bank governor Reza Baqir

December 19, 2023

News Desk

Texas governor signs law making illegal immigration a crime

Texas authorities have arrested immigrants on state misdemeanor charges of criminal trespassing Migrants seeking asylum in the United States gather on the banks of the Rio Bravo River as the Texas National Guard blocks the crossing at the border between the United States and Mexico, seen from Ciudad Juarez, Mexico, December 5, 2023. — Reuters The new legislation is due to come into effect in March next year. The legislation sparks a potential clash with the Biden administration. It is unclear whether the DOJ will sue Texas over the new law. Texas Gov. Greg Abbott on Monday signed tough legislation

November 23, 2023

News Desk

New York Governor Kathy Hotchul rules out terrorism

A search of the scene revealed no explosives and no terrorist connection, the FBI says A vehicle explosion at the Rainbow Bridge border crossing between the US and Canada on Wednesday. —CNN WASHINGTON: Authorities have ruled out terrorism in the Rainbow Bridge car explosion that killed two people on the New York state-Ontario route in Niagara Falls on Wednesday. The incident had sent shockwaves through a security scare that closed four US-Canada border crossings. Hours later, federal and state authorities said investigators had found no evidence of terrorism, although the circumstances surrounding the Rainbow Bridge crash remained unclear, leaving it

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