Daryo Central Asia & Afghanistan’s Post

Pakistan records FDI of $219.2m in November. Foreign direct investment (#FDI) in Pakistan jumped by 27.14% to $219.2 million in November 2024 compared to $172.4m recorded a year ago, latest data issued by the State Bank of Pakistan (SBP) showed. Comparison on a month-over-month basis shows that the net inflow of FDI increased by 64.54% as compared to an inflow of $133.2m in the previous month. Read the full story at https://lnkd.in/eUzUM2VM

The State Bank of Pakistan's Monetary Policy Committee (MPC) is set to convene it's meeting on Monday, November 4, 2024 to review and decide on the country's monetary policy, with a focus on the key interest rate. With growing demands for a significant rate cut, all eyes are on this crucial decision and its potential impact on the economy. Stay tuned as we bring you the latest insights for the financial markets. . . . . #monetarypolicy #sbp #statebankofpakistan #interestrates #economicupdate #financialnews #pakistanbusiness #mpcmeeting #economyupdate #ratecut #zlk #zlksecurities #zlkislamic

Clear and widespread progress is being made across Africa. The Absa African Financial Markets Index (AFMI) 2024 reveals market development overall scores are up for 23 of the African countries covered – the highest share of improvers since the index began in 2017. Jeff Gable and Anthony Kirui of Absa CIB Absa Group say: "Deeper financial markets can help mitigate risks such as currency volatility, ease restrictions, and facilitate smoother transactions. The Absa AFMI looks to provide an easily accessible dataset to help promote these developments. See our blog report at https://lnkd.in/er9paijp To download the Absa African Financial Markets Index (AFMI) 2024 check here https://lnkd.in/ddi9TRye. Key improvements include 1) falling inflation, opening the way to lower interest rates and more accessible borrowing and 2) active steps to improve the financial markets, particularly FX markets. #Africa #Africaeconomy #FX #AFMI2024

The State Bank of Pakistan's Monetary Policy Committee (MPC) will convene today to review and decide on the country's monetary policy, with a focus on the key interest rate. With growing demands for a significant rate cut, all eyes are on this crucial decision and its potential impact on the economy. #monetarypolicy #sbp #statebankofpakistan #interestrates #economicupdate #financialnews #pakistanbusiness #mpcmeeting #economyupdate #ratecut #zlk #zlksecurities #zlkislamic

Yet another media report praising Malaysia's Central Bank for preserving monetary policy space, showing composure, and avoiding the herd effect by not mimicking the interest rate rise in neighboring Indonesia. Thanks to FMT News for considering my views. Bank Negara Malaysia Global Labor Organization University of Malaya #centralbank #overnightpolicyrate #monetarypolicy #subsidy #inflation https://lnkd.in/gmWCsTk6

🚨 Big News for Uzbekistan's Financial Sector! 🚨 The Central Banl of Uzbekistan has officially joined the Islamic Financial Services Board Islamic Financial Services Board (IFSB), according to a recent announcement from the regulator’s press service. This milestone opens the door for the Central Bank to gain valuable international insights and leverage best practices in regulating the growing Islamic financial services market. 🌍💡 The IFSB, founded in 2022 and headquartered in Kuala Lumpur, now counts 188 members from across the globe, including 81 regulators and 10 international governmental organizations. In related news, Kursiv Uzbekistan reports that the Central Bank of Uzbekistan has kept the key interest rate steady at 13.5%, continuing its focus on maintaining financial stability. 📊 This move signifies Uzbekistan's growing integration into the global financial landscape and its commitment to developing a robust, inclusive financial sector. 🌟 #Uzbekistan #CentralBank #IslamicFinance #IFSB #InterestRate #FinancialServices #GlobalIntegration #EconomicGrowth

The HKMA and the Central Bank of The UAE signed a Memorandum of Understanding (MoU) today to enhance co-operation between the Hong Kong and UAE financial services sectors. 🤝 Under the MoU, the two authorities aim to develop connectivity between the debt capital markets, enhance the exchange of expertise, facilitate cross-border debt securities issuances, and drive more investment activity in both markets. The agreement will also strengthen Hong Kong’s role as a gateway to both the Renminbi (RMB) and international debt markets. The two leaders, Eddie Yue, Chief Executive of the HKMA, and H.E. Khaled Mohamed Balama, Governor of the Central Bank of the UAE, shared their perspectives on the collaboration. Read more here: https://lnkd.in/gqdjuveM #HongKong #UAE #Investment #Connectivity #DebtCapitalMarket #Renminbi

Bangladesh Bank has introduced first ever guidelines for joint ventures with foreign partners, covering establishment, banking transactions, loans, financial reporting, and remittance policies. The guidelines require approval from the Bangladesh Investment Development Authority (BIDA) and notification to the Foreign Exchange Investment Department (FEID) of the central bank within 30 days. Loans from local branches and profit remittances require prior approval, while adherence to Bangladesh Financial Reporting Standards (BFRS) is mandatory. The rules aim to ensure transparency and proper financial practices in foreign investments. Read more: https://lnkd.in/gFp6AHgp #BangladeshBank #FEID #BFRS #firstever #DeepDive

Banking sector in Uzbekistan sees 22.3% decline in 1Q24 profit A significant aspect of this performance is the National Bank of Uzbekistan's share in the sector's profit, which reached 19.5%, up from 14% recorded at the end of 2023. 👉Details — https://lnkd.in/dPXFNJQ8 #Uzbekistan #BankingSector #Finance #ProfitDecline #NationalBankUzbekistan #NBU #EconomicTrends #FinancialPerformance #BankingNews #Investment #EconomicGrowth #BusinessNews #SMEs #MarketTrends

Important News (December 04, 2024) The International Monetary Fund (IMF) has greenlighted the release of $1.1 billion as the fourth tranche – nearly double the amount initially set – of its $4.7 billion loan programme to help Bangladesh steer out of its financial challenges. https://lnkd.in/gEk_CPNV #dailynews #bracepl #stockmarket