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Jul 20, 2026 اردو

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Binance to convert crypto recovery fund to native crypto after SVB collapse

Published March 13, 2023 Updated March 13, 2023 11:17am

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By Reuters

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Binance will convert the remaining of the $1 billion industry recovery initiative funds from BUSD stablecoin to native crypto, including Bitcoin, Ether and Binance Coin, amid recent changes in stablecoins and the banking industry, its CEO Changpeng Zhao said in a tweet on Monday.

Binance to revive bid for Singapore crypto permit

Binance launched the Industry Recovery Initiative (IRI) in November to help crypto projects facing a liquidity crisis after the collapse of rival FTX.

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 17	278.16
USD PKR Interbank Buying / Jul 17	277.96
USD to Japanese Yen / Jul 17	162.40
USD to Swiss Franc / Jul 17	0.81
Pound Sterling to USD / Jul 17	1.35
Euro to USD / Jul 17	1.14
SOFR % / Jul 17	3.60

Stock	Volume
S&P 500 / Jul 17	7,457.69
India Sensex / Jul 17	78,151.45
Tokyo Nikkei / Jul 17	64,141.12
Nasdaq / Jul 17	25,520.24
FTSE 100 / Jul 17	10,600.37
Dow Jones / Jul 17	52,146.42
Germany DAX 30 / Jul 17	24,830.98
France CAC40 / Jul 17	8,338.81
Hang Seng / Jul 20	25,069.85

Item	Value
Crude Oil USD/Barrel / Jul 17	82.49
Karachi Cotton PKR/37.32 KG / Jul 17	18,780
Gold 10 Grams PKR / Jul 17	361,656
Gold Spot USD/Ounce / Jul 17	4,017.39
Cotton US¢/pound / Jul 17	78.63
Petrol/Litre / Jul 20	316.15
Diesel/Litre / Jul 20	354.35

Gainers
Losers
Leaders

Stock	Price
Asia Ins. / Jul 20 Asia Insurance Company Limited(ASIC)	37.90 ▲ 3.45 (10.01%)
TPL Insurance / Jul 20 TPL Insurance Limited(TPLI)	64.08 ▲ 5.83 (10.01%)
Baba Farid Sugar / Jul 20 Baba Farid Sugar Mills Limited(BAFS)	460.42 ▲ 41.86 (10%)
Crescent Cotton / Jul 20 Crescent Cotton Mills Limited(CCM)	59.05 ▲ 5.37 (10%)
Suhail Jute / Jul 20 Suhail Jute Mills Limited(SUHJ)	246.36 ▲ 22.4 (10%)
Husein Industries / Jul 20 Husein Industries Limited(HUSI)	55 ▲ 5 (10%)
Int. Knit. / Jul 20 International Knitwear Limited(INKL)	99.50 ▲ 8.78 (9.68%)
Dadabhoy Cement / Jul 20 Dadabhoy Cement Industries Limited(DBCI)	18.56 ▲ 1.55 (9.11%)
D.M. Corporation / Jul 20 D.M. Corporation Limited(DMC)	207 ▲ 16.87 (8.87%)
Shams Textile / Jul 20 Shams Textile Mills Limited(STML)	63 ▲ 4.83 (8.3%)

Stock	Price
Khairpur Sug. / Jul 20 Khairpur Sugar Mills Limited(KPUS)	1,684.32 ▼ -187.15 (-10%)
Service Textile / Jul 20 Service Industries Textiles Limited(SERT)	56.04 ▼ -6.23 (-10%)
S.G.Power / Jul 20 S.G. Power Limited(SGPL)	87.83 ▼ -9.76 (-10%)
Fateh Sports / Jul 20 Fateh Sports Wear Limited(FSWL)	135.30 ▼ -14.99 (-9.97%)
Nadeem Tex. / Jul 20 Nadeem Textile Mills Limited(NATM)	77 ▼ -8.16 (-9.58%)
Imperial Limited / Jul 20 Imperial Limited(IML)	20.70 ▼ -1.81 (-8.04%)
Aisha Steel(ConPS) / Jul 20 Aisha Steel(ConPS)(ASLPS)	20.51 ▼ -1.78 (-7.99%)
Paramount Spinning / Jul 20 Paramount Spinning Mills Limited(PASM)	10.11 ▼ -0.8 (-7.33%)
Gulistan Sp. / Jul 20 Gulistan Spinning Mills Limited(GUSM)	8.87 ▼ -0.58 (-6.14%)
B.R.R. Guardian / Jul 20 B.R.R. Guardian Limited(BRRG)	45.10 ▼ -2.9 (-6.04%)

Stock	Volume
Cnergyico PK / Jul 20 Cnergyico PK Limited(CNERGY)	18,371,147 ▲ 0.21
Pak Refinery / Jul 20 Pakistan Refinery Limited(PRL)	10,552,475 ▲ 1.91
WorldCall Telecom / Jul 20 Worldcall Telecom Limited(WTL)	6,193,504 ▼ -0.01
K-Electric Ltd. / Jul 20 K-Electric Limited(KEL)	6,105,766 ▼ -0.12
B.O.Punjab / Jul 20 The Bank of Punjab(BOP)	5,678,903 ▼ -0.38
TPL Properties / Jul 20 TPL Properties Limited(TPLP)	5,238,268 ▼ -0.03
Lotte Chemical / Jul 20 Lotte Chemical Pakistan Limited(LOTCHEM)	3,636,074 ▼ -0.24
Pak Stock Exchange / Jul 20 Pakistan Stock Exchange Limited(PSX)	3,196,141 ▼ -1.28
F. Nat.Equities / Jul 20 First National Equities Limited(FNEL)	2,730,872 ▲ 0
Maple Leaf Cement / Jul 20 Maple Leaf Cement Factory Limited(MLCF)	2,585,834 ▼ -1.99