ISLAMABAD: Pakistan’s top digital assets regulator used a high-profile Zurich gathering of central bankers and financial policymakers this week to demand that emerging economies help write the rules governing tokenized finance, warning that developing nations risk being sidelined as wealthier countries race to set global standards for digital money.
Trending
Government debt growth hits 15-year low, finance adviser says
ISLAMABAD: Pakistan’s central government debt grew at its slowest pace in 15 years in the fiscal year ending June, the country’s finance adviser said on Friday, citing improvements in debt sustainability that he said had meaningfully reduced repayment risks in one of Asia’s most financially stretched economies.
Series of quakes shakes Pakistan; Hindu Kush tremor felt across provinces
ISLAMABAD: A 5.9-magnitude earthquake centred in Afghanistan’s Hindu Kush region shook Pakistan’s capital and large swathes of the country’s north on Saturday evening, authorities said, capping a day of seismic activity that had already left three people injured in the southwestern province of Balochistan.
US-Iran strikes shake Hormuz ceasefire; Pakistan urges lasting peace as oil tanker attacked
ISLAMABAD: The United States and Iran exchanged military strikes for the second time in days on Saturday after a cargo vessel was attacked in the Strait of Hormuz, casting doubt over a fragile ceasefire that diplomats spent months negotiating as Pakistan pressed its role as regional peacemaker.
Petroleum minister Malik defends fuel price freeze, promises consumer relief “soon”
ISLAMABAD: The petroleum minister on Saturday defended the government’s decision to keep petrol and diesel prices frozen at near-record levels, promising consumers that relief was likely in the coming days while dismissing accusations that Islamabad was shielding the oil industry at the public’s expense.
Security forces kill eight India-backed militants in Balochistan sweep
ISLAMABAD: Security forces killed eight militants, including a suicide bomber, in two intelligence-driven operations in the southwestern province of Balochistan over two consecutive days this week, the military said on Saturday, as Islamabad continued to press its accusation that India is sponsoring terrorism on its soil.
Imran Khan’s sister asks Islamabad High Court to end jailed ex-PM’s solitary confinement, cites near-blindness
ISLAMABAD: The sister of jailed opposition leader Imran Khan has petitioned a court in Islamabad to end his “unlawful solitary confinement”, alleging the former prime minister has lost most of his sight and has been denied family visits for six months.
GLOF threat looms over Pakistan’s north as heatwave accelerates glacier melt, authorities order evacuations
ISLAMABAD: Pakistan’s disaster management authority on Saturday warned of an acute risk of glacial lake outburst floods sweeping through the country’s mountainous north into the first week of July, directing provincial administrations to ready evacuation sites, place rescue teams on standby and restrict civilian movement near glaciers as an intense heatwave shows little sign of relenting.
PM Sharif accuses India of using proxies to destabilise country after ‘humiliating defeat’ May conflict
KARACHI: Prime Minister Shehbaz Sharif accused India on Saturday of resorting to covert operations and proxy forces to undermine stability in Pakistan, saying New Delhi had suffered a “humiliating defeat” in last year’s military confrontation and was now pursuing indirect means of aggression.
Millions mark Ashura peacefully across Pakistan under tight security
KARACHI/ISLAMABAD: Millions of Shia Muslims marked Ashura across Pakistan on Friday under one of the country’s most extensive security operations in recent memory, with authorities deploying more than 200,000 military, paramilitary and police personnel as processions in major cities concluded without incident.