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State rolls out plans to ensure efficiency on Northern Corridor

The Corridor plays a bigger role in accelerating the economies of East African Community. ....

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Senators fault state of Malaba and Busia customs posts

•Busia and Malaba customs offices currently collect around Sh10 billion annually •Challenges include power blackouts, lack of water and inadequate staffing ....

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Protectionism policy impeding intra-EAC trade

EAC total trade increased by 13.4 percent in 2022 ....

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Details of state department with no development budget

The department has been allocated Sh718m for recurrent spending ....

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SBP's framework to induce environmental, social risk management

SBP’s framework to induce environmental, social risk management
Business
April 29, 2021
KARACHI: The State Bank of Pakistan (SBP) is formulating a regulatory guidance with assistance from the World Bank s private sector arm to enhance knowledge and capacity of banks on environmental and social risk management, people familiar with the matter said on Wednesday.
The framework will offer guidance on how banks integrate climate change and other sustainability concerns into their risk management systems. Pakistan sustainable banking project, the first of its kind, is in progress and is the SBP’s important initiative around green finance.
“The SBP is now working with IFC on the Pakistan sustainable banking project,” a SBP’s spokesperson confirmed with The News. ....

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