Wednesday, July 24, 2024

Governor SBP Chairs SAARCFINANCE Seminar on Big Data in Economic Policy

Governor of the State Bank of Pakistan (SBP), Mr. Jameel Ahmad, inaugurated the SAARCFINANCE Seminar focusing on the transformative potential of Big Data in economic policy. Held in Islamabad, the event convened distinguished delegates and subject matter experts from the SAARC region to explore the impact of Big Data on shaping economic policies.

In his keynote address, Governor SBP underscored the significant role of effective data utilization in fostering sustained economic growth, poverty reduction, and improved living standards across the diverse SAARC region. He highlighted the growing importance of Big Data in central banking and financial inclusion, citing examples of its application in economic analysis and fraud detection within SBP.

- Advertisement -

Governor SBP also addressed legal and regulatory challenges surrounding privacy and confidentiality, advocating for robust data protection laws and investments in technological infrastructure and skilled human resources.

Furthermore, he called for collaborative efforts among SAARC member nations to foster a data-driven culture, ensuring inclusive benefits and responsive policies. Governor SBP expressed optimism in the role of multilateral bodies like SAARC in setting industry standards for Big Data analytics adoption.

The seminar featured distinguished experts from organizations such as the IMF, World Bank, IFC, Arab Monetary Fund, Meta, Google, and the Pakistan Bureau of Statistics. Keynote speeches were delivered by Dr. Naeem Uz Zafar, Chief Statistician of PBS, Mr. Matthew Sal from IFC, and Dr. Ishart Hussian, former Governor of SBP, among other public policy experts, who discussed opportunities and potential use cases of Big Data in Pakistan and the SAARC Region.

Stay updated with the latest and breaking news directly on your mobile phone by joining Headline PK's WhatsApp group!

For the most recent updates, don't forget to follow us on Twitter @Headline_pk. You can also find us on Facebook, Instagram, and YouTube.



Izaan Zubair
Izaan Zubair
With a passion and curiosity for technology, Izaan is a seasoned writer with four years of experience. His expertise lies in translating complex tech updates into engaging stories. Beyond technology, Izaan keeps a finger on the pulse of worldly news, crafting exclusive narratives that inform and inspire his readers.

Latest stories


Highlights of the Week

Engro Fertilizers Launches Rahbar Helpline for Farmer Support and Complaints

Engro Fertilizers Limited, one of the leading fertilizer manufacturers...

Pakistan Lifts Ban on Passports for Asylum Seekers

Deputy Prime Minister and Foreign Minister Ishaq Dar announced...

Tehreek Tahafuz Ayen-i-Pakistan Announces Nationwide Protests

The Tehreek Tahafuz Ayen-i-Pakistan (TTAP) has announced nationwide protests...

Trump Recovering from Ear Gunshot Wound, Says Former Physician Ronny Jackson

Former US President Donald Trump’s former physician, Ronny Jackson,...
Join our Whatsapp Group for Exclusive News!
Join our Whatsapp Group for Exclusive News!