Video shows children playing with old banknotes in India, not Pakistan
Footage showing a couple of boys waving bundles of demonetised Indian currency notes circulated online in posts that falsely claimed...
archivePakistan
Crypto currencies use is illegal, NA panel told
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...
Rupee extends declines on escalating tensions between India-Pakistan
The rupee depreciated 30 paise to 85.88 against the US dollar in early trade on Friday, weighed down by intensifying geopolitical tensions between India and Pakistan.Forex traders said geopolitical tensions between India and Pakistan have sparked risk-off sentiment in the market leading to the rupee weakness. Besides, increased demand for the US dollar further dented investor sentiments. At the interbank foreign exchange, the domestic unit opened at 85.88 against the greenback, registering a fall of 30 paise over its previous close. On Thursday, the rupee saw its steepest single-day fall...