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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

April 22, 2025

News Desk

Japanese companies invest in FPT’s NVIDIA Data Center in Vietnam, what is the weather today

Listen to the article Sumitomo Corp. And SBI Holdings, two major Japanese companies, announced their decision to make a 20% bet each to the FPT Smart Cloud Japan, a subsidiary of the leading Vietnam Company, FPT Group. The use of NVIDIA’s NVIDIA solutions at FPT Smart Cloud Japan highlights the importance of cutting -edge technology to satisfy the increasing requirements of AI industries that drives such as health care, education and construction. The investment, which will close in May 2025, aims to support the growing demand for artificial intelligence applications (AI) in the region. The FPT Smart Cloud Japan was

December 7, 2023

News Desk

SSGC plans IPO for LPG subsidiary

KARACHI: Sui Southern Gas Company (SSGC) has announced plans to list its subsidiary, SSGC LPG, on the Pakistan Stock Exchange (PSX) in the future. This move aims to facilitate new funding for current and upcoming projects by offering shares to the general public. In a disclosure to the PSX, the natural gas utility said the board of directors of Sui Southern Gas Company Limited (SSGCL) has approved “the conversion of the status of SSGC LPG (Private) Limited from Private Limited to Public Limited. This approval is granted to begin the process of issuing 33.33 million shares of common stock of

December 3, 2023

News Desk

SBP seeks protection for MFB deposits

KARACHI: The Deposit Protection Corporation (DPC) has suggested that microfinance bank (MFB) customer deposits should be safeguarded as they will be largely unsecured in the event of the collapse of any such financial institution. DPC, a subsidiary of State Bank of Pakistan (SBP), provides guarantees that customers of scheduled banks will get full refund of their deposits up to Rs 500,000 each. About 94% of the total 73 million account holders had deposits below or around half a million rupees as of June 2023. Scheduled banks include larger commercial, conventional and Shariah-compliant banks, but do not include MFBs. In its

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