ISLAMABAD ( Channel News Pakistan) Pakistan has signed a memorandum of understanding with cryptocurrency exchange Binance to investigate the “tokenisation” of up to $2 billion in sovereign bonds, T-bills, and commodities reserves in order to increase liquidity and attract investors, the finance ministry announced on Friday. Tokenization is the processRead More →
ISLAMABAD (Reuters) — As the government cranks up efforts to upgrade the country’s financial system, State Bank of Pakistan (SBP) Governor Jameel Ahmad announced on Wednesday that the institution intends to start a pilot for a digital currency and is completing legislation to regulate virtual assets. Central banks across theRead More →
ISLAMABAD – The federal cabinet has given the final approval for the import of 500,000 tons of sugar in an effort to stabilize the market and keep prices under control. According to the Ministry of National Food Security, all required procedures have been completed, and the process of importing sugarRead More →
HONG KONG (Reuters) — China’s finance ministry announced on Sunday that it will limit government purchases of medical gadgets from the European Union that surpass 45 million yuan ($6.3 million) in value, in response to Brussels’ own restrictions last month. Tensions between Beijing and Brussels have risen, with the EuropeanRead More →
WASHINGTON (AP) — Rick Woldenberg anticipation he had appear up with a cinch plan to assure his Chicago-area educational toy aggregation from Admiral Donald Trump’s massive new taxes on Chinese imports. “When he appear a 20% tariff, I fabricated a plan to survive 40%, and I anticipation I was actualityRead More →
The federal government has announced a comprehensive plan to safeguard national trade interests and lessen the economic impact of the United States’ 29% tax on Pakistani goods. A specialist working group and a high-level steering committee have been established by Prime Minister Shehbaz Sharif to solve the matter diplomatically andRead More →
Prime Abbot Shehbaz Sharif on Thursday appear a above abatement for calm consumers of electricity, slashing the ability assessment by Rs 7.41 per unit, appear the Channel News Pakistan Shehbaz Sharif additionally appear to cut the electricity amount for automated consumers by Rs7.59 per unit. After the abridgement in theRead More →
All foreign countries, even key US friends, would suffer at least 10% tariffs. China faces 54% tariffs, the EU 20%, Japan 24%, and the UK 10%. Beijing promises countermeasures, warning that falling tariffs may “endanger” global economic progress. Australia criticizes tariff as ‘not the act of a friend’ US PresidentRead More →
US President Donald Trump appear Monday abrupt tariffs on imports from countries affairs oil and gas from Venezuela, a castigating admeasurement that could hit China and India, amid others, and sow beginning all-around barter uncertainty. Since abiding to the White House in January Trump has unleashed tariffs on US alliesRead More →
Rejection comes as Islamabad struggles to accommodated the altitude for accepting a staff-level agreement. The International Monetary Fund (IMF) has angry bottomward Pakistan’s appeal to abate taxes on acreage transactions, sources accustomed with the negotiations said on Monday. The bounce comes as Islamabad struggles to accommodated the altitude for acceptingRead More →
