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Listen to article ISLAMABAD: The federal government and the central bank reiterated on Thursday that the use of crypto currencies was illegal and anyone dealing in these currencies was liable to be investigated by the Financial Monitoring Unit (FMU) and the Federal Investigation Agency (FIA). The statements were made by Federal Finance Secretary Imdad Ullah Bosal and State Bank of Pakistan (SBP) Executive Director Sohail Jawad during a meeting of the National Assembly Standing Committee on Finance. The development also came a day after the newly appointed Special Assistant to Prime Minister...

Listen to article BENGALURU: Investors ramped up their bullish bets on most Asian currencies, a Reuters poll showed on Thursday, as worries about US trade policies under President Donald Trump continued to weaken the dollar. Analysts increased their long positions on the Singapore dollar, the Indian rupee, the Thai baht, and the Philippine peso, according to a fortnightly poll of 10 respondents. They also turned bullish on the South Korean won, the Taiwan dollar and the Malaysian ringgit for the first time since October. The dollar notched its weakest monthly performance in...

Listen to article ISLAMABAD: Pakistan on Saturday announced that it has initiated a deal with President Donald Trump-backed World Liberty Financial to accelerate the journey towards legally adopting digital currencies, in a move that might follow a slew of legal changes to inch towards the crypto world. The Ministry of Finance made the announcement following separate meetings between the World Liberty Financial (WLF) delegation and Chief of Army Staff General Asim Munir, Prime Minister Shehbaz Sharif and Deputy Prime Minister Ishaq Dar. The deputy prime minister is taking keen interest in promotion...