Crypto companies offering their customers eye-popping yields through so-called “staking” products are earning the ire of the US securities regulator who says such services should be registered. Crypto exchange Kraken on Feb 9 agreed to shutter its staking service for US customers and pay $30 million in penalties, as part of a settlement with the regulator, and investors are worried a broader ba
While many in the business world of Pakistan were eager to see an armoured saviour taking over the country to put things right, others wished to move out of the shadows of the past and partake in the process of economic restructuring to ensure sound foundations for future business growth and sustainable development. Even the enlightened corporate leaders fondly recalled the 60s, 80s and 2000s e
The State Bank of Pakistan’s (SBP) decision to reintroduce market-driven exchange rates from Jan 26 has started paying off dividends. After experiencing a massive, quick depreciation of 19.8 per cent value against the US dollar between Jan 26 and Feb 3, the rupee recovered 2.6pc of its lost value during the week ended on Feb 10. On that day it closed in the interbank market at Rs269.28 to a gre
In light of an unexpected relief in tax measures from the International Monetary Fund, the government has decided to take a proactive approach and implement tax and non-tax measures from Feb 15 instead of March 1 — the purported deadline proposed by the global lender — to secure quick release of $1.2 billion tranche. Ahead of the start of much-delayed talks, the government was expecting that th
Pakistan’s agriculture sector is short on growth and productivity compared to many other countries with comparable agro-climatic conditions. The most commonly cited constraints that widely explain our suboptimal agricultural productivity include limited usage of high-yielding seeds, insufficient application of fertilisers, inadequate water availability, ineffective extension services, and farmers’