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Articles for tag: dollarpegged, financial, Liberty, pact, Pakistan, Signs, Stablecoin, Subsidiary, world

January 14, 2026

News Desk

Pakistan signs pact with World Liberty Financial subsidiary for dollar-pegged stablecoin

Finance Minister Muhammad Aurangzeb (right) and Zach Witkoff sign a memorandum of understanding on January 14, 2026 to explore innovation in digital finance. — X/@PakistanVARA The Ministry of Finance signs an agreement with SC Financial Technologies. The agreement will explore the “emerging digital payments architecture”: PVARA. World Liberty CEO Zach Witkoff in Pakistan for talks. ISLAMABAD: The federal government on Wednesday signed a memorandum of understanding (MoU) with SC Financial Technologies LLC, an associated entity of World Liberty Financial, to explore the use of World Liberty’s stablecoin for cross-border transactions. The Pakistan Virtual Asset Regulatory Authority (PVARA) said in a

January 5, 2026

News Desk

Financial investments and capital gains

Short-term capital gains do not bode well for the growing economy where millions are underemployed or unemployed LAHORE: The current macroeconomic environment is promoting a private debt-financed consumption boom through new borrowing at a low policy rate. People have increased consumption by borrowing through commercial banks. They have been buying consumer durables for the past two years. This consumption is also supported by a boom in the stock market as the PSX index hovers around 176,000. The index has jumped to around 52% in calendar year 2025. Rising stock prices create a sensation among investors and they perceive themselves as

December 30, 2025

News Desk

Australian cricket ‘faces huge financial hit’ after Melbourne Test carnage

Australia’s Travis Head (left) smiles after being dismissed on day two of the fourth Ashes Test between Australia and England at the Melbourne Cricket Ground, Melbourne, December 27, 2025. — AFP Cricket Australia is reportedly facing a significant financial loss after the fourth Ashes Test at the Melbourne Cricket Ground (MCG) wrapped up in two days, with the CA chief saying the short Test matches were “bad for business”. England registered their first Test win in Australia since 2011 as they stunned the hosts by four wickets in the match over two days. CA is likely to take a loss

December 18, 2025

News Desk

Global financial crime investigators visit Canada after record bank fine

The interviews included executives from TD Bank, which last year paid the largest fine ever to settle a US money-laundering case. What would normally be a regular once-a-decade review has raised concerns in Ottawa and Toronto’s financial sector, the sources said, as Canada weighs TD’s $3 billion fine. The visit also coincided with new charges against fugitive Canadian Olympic snowboarder turned alleged cocaine kingpin Ryan Gamou. A negative report from the Financial Action Task Force, an international crime watchdog, could hurt Canada’s foreign investment and the country’s reputation as Prime Minister Mark Carney tries to boost productivity and make the

November 19, 2025

News Desk

Air India pushes to use Chinese airspace amid growing financial woes over Pakistan ban

An Air India Airbus A350 is displayed at the Wings India 2024 aviation show at Begumpet Airport, Hyderabad, India, January 18, 2024. — Reuters The closure of Pakistan’s airspace costs Air India $455 million in profits annually. Passengers move to foreign carriers due to shorter flight times. India is considering a call to diplomatically ask China for an alternative route. NEW DELHI/HONG KONG: Air India is lobbying the Indian government to persuade China to let it use a sensitive military airspace zone in Xinjiang to shorten routes as the financial toll of a ban on Indian carriers from flying over

October 19, 2025

News Desk

China says US hacking has threatened financial, telecommunications infrastructure

Beijing has stepped up spying warnings as relations with the US and other Western nations sour China urges its citizens to be vigilant against foreign attacks and report suspicious activities to the authorities. PHOTO: PEXELS China accused the United States on Sunday of conducting cyber attacks on Beijing’s national time center that could cause severe damage to critical economic and telecommunications infrastructure. Beijing has stepped up warnings about espionage in recent years as relations with the United States and other Western nations have soured. Chinese authorities have found “irrefutable evidence” of efforts by the US National Security Agency (NSA) to

October 19, 2025

News Desk

Unhealthy diets, financial problems contributing to silent diabetes in Pakistan’s youth

In this photo taken on September 19, 2023, people eat biryani at a restaurant in Karachi. — AFP/File Financial strain, double jobs and unhealthy diets are pushing people in their 20s and 30s into undiagnosed diabetes, and many only discover their condition when they land in hospitals with severely blocked heart vessels and uncontrolled blood pressure. The News reported on Sunday. Speaking at the briefing, which was held during the annual conference of the Endocrine Society of Pakistan, senior diabetologists and internal medicine specialists said that emergency wards regularly see young patients in their late twenties and early thirties with

October 11, 2025

News Desk

Financial tsar is headed to us for the IMF, World Bank talks amid fresh rescue

Finance Minister Aurangzeb speaks during the Reuters interview at the IMF World Bank’s annual meetings in Washington on April 25th 2025 – Reuters Finmin to participate in over 65 events, forums during a 6 -day visit. Aurangzeb will meet IMF MD in the Forum Menap: Ministry of Finance. Aurangzeb to hold meetings with Chinese, United Nations, Saudi counterparts. Finance Minister Muhammad Aurangzeb departed for the United States to attend the annual meetings of the International Monetary Fund (IMF) and the World Bank, the Treasury said on Saturday. The visit comes as Pakistan continues negotiations on an early staff at the

September 23, 2025

News Desk

Pakistan’s poverty reduction has stopped in the midst of financial disorders: World Bank

Pakistan’s sharp decline in poverty has stopped in recent years due to economic vibrations and the lack of structural reforms, the World Bank said on Tuesday. The international lender said that between 2001 and 2015, a wave of urbanization helped reduce the national poverty rate from 64% to 22% by 2019, as agricultural workers were transferred to informal urban jobs in areas such as transport, construction and trade. However, this progress has since slowed down, with poverty rising to 25% by 2024. “The development model that supported the initial decline in poverty has proved inadequate to maintain progress,” said a

September 22, 2025

News Desk

Should Pak-China financial bonds be improved?

Islamabad: Pakistan-China’s relationship is unique and multidimensional. It covers almost all areas, but security, defense, diplomatic and economic aspects dominate the rest. The story shows that the relationship has done extremely well in defense and diplomacy. A closer look reveals that success in these areas depends on three basic elements or logic. Security, diplomatic and defensive relationship are based on three elements: geostrategic, geopolitical and common values. Careful analysis shows that they provide a strong base. In the words of President Xi, this has cultivated a brotherly, terrible and durable relationship. Can withstand any situation both countries can trust each

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