KARACHI (Channel News) – For the first time, Pakistan’s heavy vehicle imports have hit a historic high, with buses and trucks seeing a significant increase this fiscal year. According to figures issued by the State Bank of Pakistan (SBP), bus and truck imports totaled $262.4 million in the first 11Continue Reading
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 processContinue Reading
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 theContinue Reading
(Reuters) – On Wednesday, India’s space authority gave Starlink a licence to begin commercial operations in the nation, removing the sole remaining regulatory obstacle for the satellite operator to join the market. Elon Musk’s company has been waiting for commercial licensing in India since 2022. It acquired a critical launchContinue Reading
(Webdesk) Britain’s financial regulator has fined digital bank Monzo 21 million pounds ($28.57 million) for poor financial crime protection, including accepting users who named landmarks such as Buckingham Palace as their location. Monzo failed to maintain adequate controls to reduce the risk of financial crime as it developed fast, accordingContinue Reading
Riyadh, Saudi Arabia (AP) In a speech in Saudi Arabia, President Donald Trump pushed Iran to choose a “new and better path” as he presses for a fresh nuclear deal. During a four-day trip to the Middle East, Trump stated at a US-Saudi investment conference that he wishes to avoidContinue Reading
The United States has placed export restrictions on 70 firms from eight different nations, including 19 from Pakistan. On Tuesday, the US added six subsidiaries of Inspur Group, China’s top cloud computing and big data service provider, as well as dozens of other Chinese firms to its list of exportContinue Reading
(Reuters) – According to The Information, OpenAI and Meta Platforms have had separate meetings with Reliance Industries about prospective partnerships to extend their artificial intelligence products in India. According to The Information, a partnership between Reliance Jio and OpenAI to distribute ChatGPT was being negotiated. Two persons acquainted with theContinue Reading
Meta has launched a new tool on Facebook that lets content producers to earn money from public story views, boosting the platform’s monetization potential. The tool is only available to creators who have previously participated in Facebook’s content monetization program. It allows them to generate income from existing material thatContinue Reading
Google Wallet has officially opened in Pakistan, providing consumers with a smooth digital payment experience across the country. Google Wallet is more than simply a contactless payment tool; it is also a comprehensive digital storage solution for payment cards, IDs, transport passes, event tickets, and other items. Google Wallet’s user-friendlyContinue Reading
