GIBRALTAR, Jan. 7, 2022 /PRNewswire/ — Crypto derivatives markets have been heating up in recent years as investors have shown a strong appetite for leveraged asymmetric crypto trades. According to a recent crypto trading industry report (2021 Q3) released by Token Insight, over $52 trillion in derivatives contracts were traded in the first three quarters […]
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Sindh Govt Has Failed to Stop Urea Smuggling: Minister
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Federal Minister for Industries, Makhdum Khusro Bakhtiar, has said that smuggling of urea fertilizer is due to the weak trace and track system of the Sindh Government.He said that the federal government, in collaboration with provincial governments, ha…
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SBP Relaxes Banking Regulations & Process to Prevent COVID-19 Spread
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As a precautionary measure to avoid the spread of COVID-19, the State Bank of Pakistan (SBP) has announced a relaxation — effective from January 1, 2022, in various banking rules, regulations, and processes till June 30, 2022.According to a notificatio…
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FBR to Probe Data of 15 Million Citizens as Govt Tightens the Noose Around Tax Evaders
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The Federal Board of Revenue (FBR) has revealed that the government has formulated a new strategy to catch tax evaders and take action against them.According to FBR, a total of 15 million people will be dealt with in stages. FBR said it had approached …
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Central Bank Dubs Price Stability as the Key Objective of SBP Amendment Bill
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In its clarification about the controversial State Bank of Pakistan (SBP) Amendment Bill, SBP has stated that the proposed amendment has identified the domestic price stability as the primary objective of the bank, followed by financial stability and s…
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IMF to Defer Sixth Review of $6 Billion Loan as Pakistan to Complete Prior Actions Yet
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The International Monetary Fund (IMF) executive board is likely to delay the sixth review of the $6 billion Extended Fund Facility (EFF) on account of delay in implementation of some of the prior actions by the government, official sources told ProPaki…
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FIA Directed to Make Chaman Border Functional
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A parliamentary panel on Friday directed the Federal Investigation Agency (FIA) to make Chaman Border functional to facilitate people on both sides of the border.The meeting of the Senate Standing Committee on Interior was held under the Chairmanship o…
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Economy Suffers as Govt Fails to Prevent Smuggling of Goods From India and Iran
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Despite its efforts, the government has failed to stop the smuggling of goods from India and Iran into Pakistan, causing the economy to bear the brunt in terms of revenue and industrial output.Sources in the Federal Board of Revenue (FBR) told ProPakis…
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Ministry of Commerce Plans to Create an E-Commerce Business Facilitation Hub
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The Ministry of Commerce has planned to create an e-commerce business facilitation hub by ensuring facilitation for freelancers, e-commerce initiatives, and startups through effective coordination with SECP, FBR, and SBP.Pakistan announced its first-ev…
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SPI-Based Weekly Inflation Rises Due to Increase in Food and POL Prices
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The Sensitive Price Indicator (SPI) for the week ended 6 January 2022, recorded an increase of 0.08 percent, stated the Pakistan Bureau of Statistics (PBS).During the week, out of 51 items, prices of 25 (49.02 percent) items increased, 7 (13.73 percent…