Recognising the global shift toward digital finance, the government of Pakistan has recently initiated concrete steps to legalize cryptocurrency. This shift gained momentum following the Crypto Council’s resolution to develop…
Syria plans to print a newly-designed currency in the UAE and Germany instead of Russia, three sources said, reflecting rapidly improving ties with Gulf Arab and Western states as a…
Crypto currencies have been around for more than a decade now. Frequent fluctuations in their values during this time describe their nature - volatile, for sure. Crypto currency has always…
In the year 2016 an operational limit to the debt-ceiling was introduced whereby the annual federal deficit (excluding grants) was not to exceed 4% of GDP over the period FY2018-21…
Hard currencies like the US dollar, Euro, pound, are independent free floats, and their value contingent on demand and supply which may fluctuate daily. However monetary authorities, be it a…
The market has recently seen a decline in the value of PKR in relation to USD. This has been happening non-stop for the past few weeks. Around $7.5 billion is…
September 2023 holds some significant importance for Pakistan, marked by a series of notable events. In the first week of this month, we witnessed unusual and rapid surge in the…
A spurt in the US dollar and China’s defence of the yuan are forcing Asian central banks to step up interventions in their weakening currencies, and one clear casualty is…
It’s a shame that market pundits have been busy scandalising JP Morgan’s involvement with the late, notorious sex trafficker Jeffery Epstein — especially after a US judge’s approval late last…
Iraq’s local currency has been on a two-month rollercoaster ride following a tightening of procedures for international transfers, with some blaming Washington for the dinar’s woes. While the official exchange…
