A visual representation of the Bitcoin digital cryptocurrency. – AFP / File Islamabad: The Pakistan State Bank (SBP) expressed clarification on cryptocurrencies “deemed illegal” in Pakistan, claiming that its 2018 opinion has not declared illegal virtual assets (EVA), but has only warned its regulated entities of their dealing due to “the absence of legal and … Read more
Islamabad: Friday, the federal government succeeded in adopting a bill, amending the law on civil servants. Under Bill 2025 civil servants (modification), clause 15A was added after article 15 of the law, which makes officials of the 17th year compulsory to the 22nd year to declare all their national and foreign assets. In accordance with … Read more
A currency dealer counts US dollars at a store in Karachi, May 19, 2022. — AFP The country’s foreign exchange assets also include gold reserves of $5.5 billion. Commercial bank liquid reserves of $4.7 billion are not included. Increase in foreign exchange reserves due to strict import restrictions: expert. KARACHI: Pakistan’s total foreign exchange assets … Read more
Prime Minister of Thailand Paetongtarn Shinawatra declared Friday more than $400 million in assets, his party said, including more than 200 designer handbags worth more than $2 million and at least 75 luxury watches worth nearly $5 million. Paetongtarn, the youngest daughter of telecommunications billionaire and former Prime Minister Thaksin Shinawatra, took office in September … Read more
A unit of the Kuwait Petroleum Corporation. — AFP/File KUFPEC will “recover its investments” by selling assets. The company’s decision has raised serious concerns among policymakers. PEL also confirms having made advance payments to KUFPEC. ISLAMABAD: Kuwait Foreign Petroleum Exploration Company (KUFPEC) has started the process of exiting Pakistan’s oil and gas sector by selling … Read more