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 →
(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 launchRead More →
(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, accordingRead More →
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 avoidRead More →
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 exportRead More →
(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 theRead More →
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 thatRead More →
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-friendlyRead More →
According to Inter-Services Public Relations (ISPR), Pakistani security forces killed nine terrorists in two different intelligence-based operations (IBOs) in the province of Khyber Pakhtunkhwa (KP). The first operation was carried out in the Mohmand District in response to intelligence allegations that militants were present. Seven terrorists were killed as securityRead More →
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, ChiefRead More →
