While many today view cryptocurrencies such as Bitcoin primarily as a financial asset suitable for speculation, it is crucial to clarify that cryptocurrency transcends being merely a technological innovation or a financial asset. It embodies a socio-political movement rooted in the ideology of cryptography and safeguards against state overreach. The start of this movement can be traced back sev
The Federal Investigation Agency (FIA) has finally registered an FIR against two Pakistani businessmen on charges of defrauding a Chinese investor. The FIR No 33/2023, registered by the FIA’s Commercial Banks Circle, follows an inquiry into the complaint lodged by Zhi Cheng Li. The FIR carries Sections 409, 420, 468, 471 and 109 of PPC. Mr Zhi, who claims falling victim to deception by his P
Pakistan was the top borrower of the International Development Association (IDA) in fiscal year 2023, securing $2.3 billion in funding, the World Bank said in its annual report. The bank helped Pakistan respond to devastating floods with nearly $1.7bn for five projects in the worst-affected Sindh province to build resilient housing, restore crop production, provide health services for mothers a
The Pakis-tan Stock Exchange (PSX) exhibited on Wednesday a sideways trading pattern for the third consecutive day before closing the session on a slightly higher note. Topline Securities said investors kept waiting for a clear market direction owing to the absence of any significant catalysts. According to Arif Habib Ltd, the KSE-100 index recorded marginal gains, further cementing its posi
The prices of high-speed diesel (HSD) and petrol are estimated to be reduced by about Rs5-19 per litre for the Oct 1-15 period, in what could be the first decrease in two months, mainly because of the rupee’s appreciation. The prices of the two essential fuels were last cut in mid-July when petrol was reduced by Rs9 per litre to Rs253 and diesel by Rs7 per litre to Rs253.50. Sources told Daw