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Daily Archives: January 7, 2022

Trading Crypto Derivatives? Five Things to Note When Choosing a Platform

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 […]

Govt Extends Deadline For Exchanging Old Banknotes

With a view to facilitating the public, the federal government upon recommendation of the State Bank of Pakistan (SBP) has extended the last date for exchanging old banknotes of Rs. 10, 50, 100, and 1000 by one year to December 31, 2022.Previously, the…

Economy Suffers as Govt Fails to Prevent Smuggling of Goods From India and Iran

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…

NAB, FIA to Have Full Jurisdiction to Investigate SBP Officials

The Ministry of Finance stated on Friday that the amendments proposed to the State Bank of Pakistan (Amendment) Bill were in line with the international best practices and aligned to the ground realities in Pakistan.In a detailed clarification about th…

IMF to Defer Sixth Review of $6 Billion Loan as Pakistan to Complete Prior Actions Yet

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…

Central Bank Dubs Price Stability as the Key Objective of SBP Amendment Bill

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…