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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    The Central Bank of Pakistan signs a memorandum of understanding with the Arab Monetary Fund to faci

    Rocky
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    The Central Bank of Pakistan signs a memorandum of understanding with the Arab Monetary Fund to faci Empty The Central Bank of Pakistan signs a memorandum of understanding with the Arab Monetary Fund to faci

    Post by Rocky Sat 04 Nov 2023, 1:44 pm

    The Central Bank of Pakistan signs a memorandum of understanding with the Arab Monetary Fund to facilitate payments

    The Central Bank of Pakistan signs a memorandum of understanding with the Arab Monetary Fund to faci 37696
    Headquarters of the Central Bank of Pakistan



    Arab and international
       


    Economy News - follow-up
    The Central Bank of Pakistan and the Arab Monetary Fund signed a memorandum of understanding during a ceremony hosted by the Director General and Chairman of the Board of Directors of the Arab Monetary Fund, Abdul Rahman bin Abdullah Al Humaidi, and the Governor of the Central Bank of Pakistan, Jamil Ahmed, in Abu Dhabi, United Arab Emirates, to facilitate the transfer of cross-border payments between the Arab world and Pakistan from Through organized, effective and safe channels .
    The Pakistani News Agency explained that the memorandum of understanding aims to establish a framework for cooperation between the “Banna” payment platform (the payment system operated by the Regional Corporation for Clearing and Settlement of Arab Payments owned by the Arab Monetary Fund) and the “Rast” platform, which is the instant payment system in Pakistan .
    Both “Banna” and “Rast” aim to link their instant payment services to facilitate the transfer of cross-border payments between the Arab world and Pakistan through regulated, efficient and secure channels. This solution will spread the benefits of instant cross-border payments to individuals and institutions, and strengthen economic and trade relations. And investment between the Arab region and Pakistan .
    This comes after the head of the International Monetary Fund mission in Pakistan, Nathan Porter, last Thursday, praised the Pakistani government’s commitment to achieving the first quarter goals, and praised its efforts and measures taken in some vital areas. During a meeting with Pakistani Interim Finance Minister Dr. Shamshad Akhtar, Porter stressed the importance of continuing these efforts to stay on the right track to achieve economic stability for the country .
    According to a press release by the Pakistani Ministry of Finance, Dr. Shamshad Akhtar welcomed the delegation and agreed with it regarding progress achieved in the standby arrangements. The Minister briefed the Fund's mission on the financial measures taken by the government to improve the economic situation .
    The inflation rate declined in Pakistan in October, as the authorities reduced fuel prices and imposed strict measures on currency hoarders to control prices .
    Bloomberg reported that consumer prices slowed in Pakistan by 26.89 percent during last October, compared to the same month in the previous year, according to data issued by the Pakistan Bureau of Statistics .
    These numbers are in line with the expectations of the Central Bank, which expected a decline in the gains of price increases in October, due to the reductive adjustments in fuel prices and the easing of food costs .
    The Pakistani government reduced gasoline prices last month by 40 rupees per litre, to reduce the cost of living for citizens .


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    Added 11/04/2023 - 7:57 PM
    https://economy-news.net/content.php?id=37247
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