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digital currency

Fed’s Barr says central bank ‘a long way’ from any decision on issuing digital currency

WASHINGTON: The Federal Reserve’s top regulatory official said on Friday the central bank is “a long way” from any...

Published 08 Sep, 2023 06:53pm

Perspectives

Digital currency: a game-changer for documenting the economy

In recent years, digital money and payment systems have become the significant tools for improving the tracking of...

Published 19 Aug, 2023 07:30pm

Business & Finance

SNB to launch digital currency pilot: chairman

ZURICH: The Swiss National Bank (SNB) is to issue a wholesale central bank digital currency (CBDC) on ...

Published 03 Jul, 2023 06:04am

Business & Finance

Don’t blame customers in incidents of frauds and scams, SBP official tells banks

Says abhorrent treatment of customers by banks keeps them financially excluded

Updated 08 Feb, 2023 10:49pm

Business & Finance

BoE and Treasury think UK is 'likely' to need digital currency

LONDON: The Bank of England (BoE) and Britain's finance ministry think the UK is likely to need to create a central...

Published 05 Feb, 2023 12:22am

Business & Finance

Payments from customers: SBP plans to launch QR Code-based ‘P2M’ system by 2023

KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmed Wednesday announced plans to launch Quick Response or QR...

Published 24 Nov, 2022 04:28am

Business & Finance

BNY Mellon to offer crypto services

Bank of New York Mellon Corp is adding cryptocurrencies to assets that it holds as a custody manager, as it looks to...

Published 11 Oct, 2022 07:32pm

Markets

SWIFT sets out blueprint for central bank digital currency network

LONDON: Financial messaging system SWIFT has laid out its blueprint for a global central bank digital currency ...

Published 05 Oct, 2022 08:06pm

Markets

UK think tank calls for global digital currency rules

LONDON: Global rules would allow central bank digital currencies to operate smoothly cross-border and speed up...

Published 08 Jul, 2022 05:20pm

Markets

Bank of Israel still unsure on digital shekel but garners public support

JERUSALEM: Israel’s central bank said on Monday it had received public support for its plans to possibly issue a...

Published 09 May, 2022 06:01pm

Business & Finance

Uganda’s central bank weighs issuance of digital currency

KAMPALA: Uganda’s central bank is considering whether to issue a digital currency and has not banned...

Published 09 May, 2022 05:39am

Markets

China central bank expands digital yuan pilot scheme to more cities

SHANGHAI: China's central bank said on Saturday it will further expand a pilot scheme of its digital currency to...

Updated 02 Apr, 2022 10:18pm

Opinion

A digital dollar is years away as Fed kicks issue to Congress

While the Federal Reserve’s paper on potentially adopting a central bank digital currency (CBDC) will advance...

Published 25 Jan, 2022 05:03am

World

North Korean hackers stole $400 mn in crypto in 2021: Chainalysis

WASHINGTON: North Korean hackers stole around $400 million worth of cryptocurrency through cyberattacks on digital...

Published 14 Jan, 2022 05:00pm

Markets

Thai central bank to test retail digital currency later than planned

BANGKOK: Thailand's central bank said on Friday it expects to test its retail central bank digital currency (CBDC)...

Published 24 Dec, 2021 02:30pm

Opinion

Digital currency can make the financial system safer—II

The Bank of International Settlements in its own studies discovered that at least one-fifth of the world’s...

Updated 04 Dec, 2021 12:10pm

Opinion

Digital currency can make the financial system safer—I

Traditionally, banking industry has been very slow in adopting changes and embracing technology in its routine...

Published 02 Dec, 2021 03:57am

Markets

India central bank may launch digital currency pilot next year: report

MUMBAI: The Reserve Bank of India's digital currency may see its pilot launch in the first quarter of the next ...

Published 18 Nov, 2021 11:32am

Business & Finance

Nigeria launches eNaira digital currency

ABUJA: Nigerian President Muhammadu Buhari launched the country's new digital eNaira currency on Monday as Africa's...

Published 26 Oct, 2021 04:39am

Technology

'Unintentional gift': US steps into China's bitcoin breach

ROCKDALE: The long sheds at North America's largest bitcoin mine look endless in the Texas sun, packed with the type...

Published 17 Oct, 2021 10:29am

Business & Finance

Cryptocurrencies: 'SECP has not issued licence to any trading platform'

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has not issued approval/license to any trading...

Updated 29 Sep, 2021 12:08pm

Markets

UAE says to launch digital currency within five years

The announcement is part of its "2023-2026 strategy" which aims to "position it among the world's top 10 central banks".
China launched the race in March with the start of a test phase of its digital yuan.

Published 12 Jul, 2021 08:37pm

World

South Korean toilet turns excrement into power and digital currency

ULSAN, (South Korea): Using a toilet can pay for your coffee or buy you bananas at a university in South Korea, ...

Published 12 Jul, 2021 05:26am

Business & Finance

Nigeria to launch pilot digital currency by year-end

ABUJA: Nigeria’s Central Bank is preparing a digital currency pilot that could launch as early as the end of this...

Published 21 Jun, 2021 03:43am

Business & Finance

French and Swiss central banks to trial wholesale digital currencies

The experiment will focus on the bank-to-bank 'wholesale' lending market rather than everyday public transactions but will be the first time a digital euro and Swiss franc have been fully tested.
The eurozone is adapting to a "strong trend" towards the digitalisation of payments," said Bank of France Deputy Governor Sylvie Goulard.

Published 10 Jun, 2021 05:58pm

Markets

Dollar steadies ahead of Fed, cryptos plummet after China move

Cryptocurrencies plunge after China regulatory move.
Fed minutes loom on horizon.
UK, Canada inflation numbers swell.

Published 19 May, 2021 07:29pm

Business & Finance

Bitcoin drops to 3-month low

NEW YORK/LONDON: Bitcoin fell to a three-month low on Monday in a volatile session that saw investors selling and...

Updated 18 May, 2021 09:33am

Markets

Bitcoin drops to 3-month low in wild trading after Musk tweets

Musk tweets that Tesla has not sold bitcoin
Ether and dogecoin dive also
Bitcoin, dogecoin and ether all up year to date.

Published 17 May, 2021 09:42pm

Business & Finance

Digital Dollar Project to launch five US central bank digital currency pilots

A partnership between Accenture and the Digital Dollar Foundation, the Digital Dollar Project was created last year to promote research into a US central bank digital currency (CBDC).
CBDCs are the digital equivalent of banknotes and coins, giving holders a direct digital claim on the central bank and allowing them to make instant electronic payments.

Published 03 May, 2021 04:58pm

Business & Finance

Swiss central bank readying cross-border digital currency test

LONDON: Switzerland’s central bank is planning its first digital currency test with another country, one of its...

Published 03 May, 2021 04:39am

Gainers
Losers
Leaders

Stock	Price
Punjab Mod / Dec 6 First Punjab Modaraba(FPJM)	1.80 ▲ 0.20 (12.50%)
Popular Islamic / Dec 6 Popular Islamic Modaraba(PIM)	10.50 ▲ 1.00 (10.53%)
Bawany Air Products / Dec 6 Bawany Air Products Limited(BAPL)	11.28 ▲ 1.00 (9.73%)
Tri-Star Power / Dec 6 Tri-Star Power Limited(TSPL)	11.88 ▲ 1.00 (9.19%)
Trust Sec.& Brok. / Dec 6 Trust Securities & Brokerage Limited(TSBL)	12 ▲ 1.00 (9.09%)
Nazir Cotton Mills / Dec 6 Nazir Cotton Mills Limited(NCML)	3.91 ▲ 0.31 (8.61%)
First Elite Cap.Mod / Dec 6 First Elite Capital Modaraba(FECM)	3.50 ▲ 0.27 (8.36%)
Sakrand Sugar / Dec 6 Sakrand Sugar Mills Limited(SKRS)	9.94 ▲ 0.71 (7.69%)
Tariq Corporation / Dec 6 Tariq Corporation Limited(TCORP)	19.18 ▲ 1.34 (7.51%)
Matco Foods Ltd / Dec 6 Matco Foods Limited(MFL)	37.86 ▲ 2.64 (7.50%)

Stock	Price
Universal Ins. / Dec 6 The Universal Insurance Company Limited(UVIC)	6.45 ▼ -0.70 (-9.79%)
Power Cem(Pref) / Dec 6 Power Cement (Pref)(POWERPS)	7.80 ▼ -0.80 (-9.30%)
Unicap Modaraba / Dec 6 Unicap Modaraba(UCAPM)	1.81 ▼ -0.16 (-8.12%)
Universal Network (GEM) / Dec 6 Universal Network Systems Limited (GEM)(GEMUNSL)	26.11 ▼ -2.12 (-7.51%)
MithchellsFruit / Dec 6 Mitchells Fruit Farms Limited(MFFL)	225.64 ▼ -18.30 (-7.50%)
Otsuka Pakistan / Dec 6 Otsuka Pakistan Limited(OTSU)	159.25 ▼ -12.91 (-7.50%)
Olympia Mills / Dec 6 Olympia Mills Limited(OML)	16.31 ▼ -1.31 (-7.43%)
F.Credit & Inv / Dec 6 First Credit and Investment Bank Limited(FCIBL)	5.51 ▼ -0.43 (-7.24%)
Philip Morris Pak. / Dec 6 Philip Morris (Pakistan) Limited(PMPK)	510.70 ▼ -39.30 (-7.15%)
Saif Textile / Dec 6 Saif Textile Mills Limited(SAIF)	10.22 ▼ -0.77 (-7.01%)

Stock	Volume
Cnergyico PK / Dec 6 Cnergyico PK Limited(CNERGY)	58,087,694 ▲ 0.24
WorldCall Telecom / Dec 6 Worldcall Telecom Limited(WTL)	57,079,786 ▲ 0.01
Fauji Cement / Dec 6 Fauji Cement Company Limited(FCCL)	41,984,500 ▲ 0.28
Pak Refinery / Dec 6 Pakistan Refinery Limited(PRL)	30,480,397 ▲ 1.12
P.T.C.L. / Dec 6 Pakistan Telecommunication Company Ltd(PTC)	28,170,500 ▲ 0.47
Hascol Petrol / Dec 6 Hascol Petroleum Limited(HASCOL)	26,337,000 ▲ 0.36
Fauji Foods Ltd / Dec 6 Fauji Foods Limited(FFL)	26,128,740 ▲ 0.52
Oil & Gas Dev. / Dec 6 Oil & Gas Development Company Limited(OGDC)	23,810,103 ▼ -1.28
Pak Petroleum / Dec 6 Pakistan Petroleum Limited(PPL)	23,518,237 ▼ -0.58
Maple Leaf Cement / Dec 6 Maple Leaf Cement Factory Limited(MLCF)	22,423,667 ▲ 0.19

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 5	284.60
USD PKR Interbank Buying / Dec 5	284.20
USD to Japanese Yen / Dec 5	146.80
USD to Swiss Franc / Dec 5	0.87
Pound Sterling to USD / Dec 5	1.26
Euro to USD / Dec 5	1.08
UK LIBOR % / Dec 1	5.46

Stock	Volume
S&P 500 / Dec 4	4569.78
Nasdaq / Dec 4	14185.50
Dow Jones / Dec 4	36204.44
India Sensex / Dec 5	69356.82
Tokyo Nikkei / Dec 5	32782.14
Hang Seng / Dec 5	16405.25
FTSE 100 / Dec 5	7475.73
Germany DAX 30 / Dec 5	16399.89
France CAC40 / Dec 5	7341.86

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 1	17235
Gold 10 Grams PKR / Dec 4	191701
Crude Oil USD/Barrel / Dec 5	73
Gold Spot USD/Ounce / Dec 5	2033.31
Cotton US¢/pound / Dec 5	78.78

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