ISLAMABAD (Channel News Pakistan) – Finance Minister Muhammad Aurangzeb will oversee the Pakistan Crypto Council, which has been officially constituted by the federal government. According to the Ministry of Finance, the council’s goal is to formulate effective policies, encourage innovations, and maintain a safe financial system Bilal Bin Saqib, ChiefContinue Reading
SINGAPORE (Reuters) – Asia stocks gained on Friday, as global markets struggled to recover from a violent selloff, but gold reached a new high as global trade tensions escalated, making investors apprehensive and prompting a flight to safe-haven assets. Relief at the prospect of a US government shutdown buoyed marketsContinue Reading
ISLAMABAD (Channel News Pakistan) Another new Malaysian airline has announced the commencement of flight operations in Pakistan, Channel News Pakistan reported on Thursday. The Pakistan Civil Aviation Authority (CAA) has given Airasia authorization to operate flights. Airasia will resume flights to Karachi on May 30. Initially, the business plans toContinue Reading
On Wednesday, the Bank of Canada cut its main lending rate by 25 basis points to 2.75 percent, warning that “heightened trade tensions” might disrupt the year’s solid economic start. “The Canadian economy entered 2025 in a solid position,” with low inflation and “robust GDP growth,” the bank stated. “However,Continue Reading
Karachi (Channel News) Pakistan received a record $3.1 billion in remittances in February 2025, representing a 55 percent year-on-year increase from February 2014. This increase demonstrates the growing faith of Pakistanis living abroad in the country’s financial system, as well as the efficiency of initiatives that encourage formal remittances. SaudiContinue Reading
Prime Minister Shahbaz Sharif has said that deliberations on digital currency legislation in Pakistan are now underway. The comment was delivered at a meeting of the Economic Advisory Council, chaired by the Prime Minister and attended by a number of council members. The participants voiced trust in government initiatives andContinue Reading
Washington, D.C. (Reuter) : On Tuesday, US President Donald Trump stated that if Elon Musk, the wealthy CEO of Tesla (TSLA.O), so desired, he could purchase the social media app TikTok. Just before a rule requiring its Chinese owner, ByteDance, to sell the app on national security grounds or faceContinue Reading
Finance Minister Muhammad Aurangzeb confirms the news in an interview at the World Economic Forum’s annual gathering. Another step in Pakistan’s efforts to obtain much-needed funding was taken Tuesday when Finance Minister Muhammad Aurangzeb said that the nation has finalized conditions for a $1 billion loan from two Middle EasternContinue Reading
WASHINGTON (Reuters) — TikTok said on Sunday that it was restoring service after President-elect Donald Trump promised to reinstate the app’s access in the United States when he takes office on Monday. The comment came after US customers reported being able to access the Chinese-owned service’s website, but the farContinue Reading
On Friday, four of Canada’s largest lenders, along with six major US institutions, announced their withdrawal from a global climate alliance. The departures from the Net-Zero Banking Alliance began with Goldman Sachs’ statement on December 6, and they occur ahead of Donald Trump’s return to the White House next week.Continue Reading
