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Articles for tag: assets, billion, Binance, deal, investigate, Pakistan

December 13, 2025

News Desk

Pakistan, Binance to investigate ‘deal’ of up to $2 billion in assets

A smartphone with a Binance logo displayed and a representation of cryptocurrencies is placed on a keyboard in this image. — Reuters/File NOCs are not a full license to operate: PVARA. The minister says the move shows a commitment to innovation. PVARA emphasizes early regulation to ensure transparency. ISLAMABAD: Pakistan has signed a memorandum of understanding with Binance to explore “packaging” up to $2 billion in the country’s assets, the finance ministry said on Friday. “The MoU establishes a framework for exploring potential collaboration on blockchain-based contribution and distribution of Pakistan’s real and sovereign assets,” a statement issued by the

December 12, 2025

News Desk

The government will make public the assets of senior officials online

An employee counts Pakistani rupee notes at a bank in Peshawar, Khyber Pakhtunkhwa. — Reuters/File Points 17-22 should indicate domestic, foreign assets The Ministry reports that the IMF has informed about new measures to combat fraud. Banks to review employee assets as part of AML efforts. ISLAMABAD: The finance ministry announced on Friday that the details of assets of high-ranking officials will be accessible online to the public by the end of 2026. The assets of federal and provincial officials will be reviewed as part of the anti-money laundering (AML) framework, the ministry said in a statement. The finance ministry

November 5, 2025

News Desk

Zohran Mandani’s assets revealed

New York City Democratic Mayor-elect Zohran Mamdani greets campaign workers and volunteers at the Someday Bar on November 4, 2025 in the borough of Brooklyn in New York. — AFP New York Mayor-elect Zohran Mamdani has reported a relatively modest financial profile as he prepares to lead the United States’ largest city, with official disclosures showing limited assets and a modest lifestyle. The 34-year-old democratic socialist won the New York mayoral race on Tuesday, capping a meteoric rise from a little-known state lawmaker to one of the country’s most visible Democratic figures. More than 2 million ballots, including early voting,

October 5, 2025

News Desk

IMF directs Govt to create a system of disclosure of assets for officers by the end of the year

This file photo taken on January 26, 2022, shows the stamp for the International Monetary Fund (IMF) in Washington, DC. – AFP Employees found that they were submitting false information to deal with sanctions, detectors. Pakistan, IMF Mull revised the GDP growth target of 3.9% from 4.2%. The IMF calls on Govt to comply with the deadline for the publication of the GCD report. ISLAMABAD: The mission of the International Monetary Fund (IMF) asked Pakistan to comply with the publication of the Diagnostic Evaluation Report of Governance and Corruption (GCD) within the prescribed deadline, The news reported on Tuesday. Requiring

July 7, 2025

News Desk

Why the royal assets of Saif Ali Khan can slip on state care

Karachi: In a decisive shift in the battle of Bhopal Royal Eneritance, Madhya Pradesh’s Supreme Court has deleted a 25 -year -old court ruling that had recognized actress Bollywood Saif Ali Khan and his family as legal heirs of the royal ownership of the former Nawab. According to Hindustan TimesJustice Sanjay Dwivedi has now ordered the trial court to launch new proceedings and resolve the matter within a year. “After this order, Saif Ali Khan and his family – the two sisters and his mother – cannot claim the ownership of Bhopal’s ownership. The court will now decide, after hearing

June 8, 2025

News Desk

Pakistan aims to lead to the struggle of digital assets

Listen to the article Islamabad: Pakistan’s Foreign Minister for encryption and blockchain bilal bin Saqib met with leading US officials and legislators this week in Washington to enhance digital assets, blockchain regulation and economic innovation. The minister had discussions with Senator Cynthia Lummis, a key architect of US encryption legislation, along with Senators Bill Hagerty, Rick Scott, Tim Sheehy and Jim Justice, all well -known supporters for Blocchain innovation. He also dealt with discussions with members of the Committee on Financial Services of the House and White House consultants, according to a press release issued on Friday. “Pakistan is not

June 4, 2025

News Desk

Minister Crypto meets US Digital Assets Manager, discussing Pakistan’s future

Listen to the article Foreign Minister for CRYPTO, Blockchain and Pakistan Council Managing Director Bilal bin Saqib met with Council Executive Director Trump for digital assets, Robert Bo ‘Hines at the White House and discussed the strategic alignment of digital assets, Bitcoin and the future of decentralized infrastructure. During the meeting, both sides expressed a common interest in promoting co -operation between the US and Pakistan in the digital innovation of assets, regulatory cohesion and emerging economic technologies, a press release issued by the Treasury here on Wednesday. They also discussed ways to support the innovation ecosystems that strengthen youth

May 31, 2025

News Desk

SBP refuses to declare illegal virtual assets

A visual representation of digital bitcoin encryption. – AFP/file Islamabad: Pakistani State Bank (SBP) issued clarification on “cryptocurrencies considered illegal” in Pakistan, saying that 2018 of Counseling did not illegally declare virtual assets (VAS), but only warned its regulated entities. In its press release, the Central Bank stated that its advice has requested banks, Development Funding Institutions (DFIS), microfinance institutions, electronic financial institutions (EMIS) and other financial services providers to safeguard consumer and financial system. “The advice was published exclusively for the protection of their regulated entities and customers, not because VAS was declared illegal,” SBP said. The clarification comes

March 14, 2025

News Desk

Pakistan inaugurates Crypto Council to regulate blockchain, digital assets

Listen to the article The Pakistani government was officially launched by the Pakistani Crying Council (PCC) to regulate and integrate blockchain technology and digital assets into the country’s financial system, according to a statement by the Directorate of Finance. The announcement follows the recent appointment of Bilal Bin Saqib as head of the Council Minister of Finance. The PCC is an initiative supported by the government aimed at regulating, promoting and integrating blockchain and encryption innovation in Pakistan’s economic context. A statement by the Department of Finance described the Council’s recommendation as an important step in the country’s efforts to

December 24, 2024

News Desk

Kuwait oil firm seeks exit from Pakistan, sells key assets

A unit of Kuwait Petroleum Corporation. — AFP/File KUFPEC to “recoup its investments” by selling assets. The company’s decision has raised serious concerns among policy makers. PEL also confirms making advances to KUFPEC. ISLAMABAD: Kuwait Foreign Petroleum Exploration Company (KUFPEC) has begun the process of exiting Pakistan’s oil and gas sector by selling its major assets to Pakistan Exploration (Private) Limited (PEL) for around $60 million, according to a senior official of the Ministry of Energy. talk to The News on Monday. “Foreign E&P companies are increasingly frustrated, mainly because of the huge cyclical debt in the gas sector, which

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