US tech multibillionaires — including Elon Musk, Mark Zuckerberg, and Jeff Bezos — were given prime positions at Donald Trump’s inauguration on Monday, in an unprecedented demonstration of their power and influence in the White House. The tech tycoons, whose companies are among the world’s most valuable, have spent the ten weeks since the election courting favour with Trump, marking a dramatic
The outflow of profit and dividends on foreign investments surged 114 per cent during the first half of the current fiscal year. The profit repatriation was primarily restricted in FY24 to contain the country’s fast-depleting foreign exchange reserves. Foreign investors widely criticised the government policy, and the International Monetary Fund (IMF), among other harsh conditions, asked Pakist
President-elect Donald Trump is planning to use his executive powers to reduce the regulatory burden faced by cryptocurrency companies and promote digital asset adoption in his first few days in office, according to three people briefed on the plan. Trump, who courted crypto cash on the campaign trail with promises to be a "crypto president," is expected to sign an executive order creating a cr
In December 2024, the US Bureau of Industry and Security imposed a new set of export controls on Chinese companies, escalating tensions between the two countries to a new level. After Beijing retaliated with a ban on export of rare earth metals, the matter apparently receded – but only to be fought in cyber space. A couple of weeks ago, the US Treasury department reported a hacking incident whe
It is a rare day in Pakistan when a major newspaper does not carry a story on the International Monetary Fund (IMF), its pronouncements, and its demands. The Fund has acquired a pivotal role in the management of Pakistan's economy. Two questions need to be asked: First, how is it that a group of remote international bureaucrats can dictate economic policies to the government? And second, are Pakis