Pumpjacks are seen during sunset at the Daqing oil field in Heilongjiang province, China August 22, 2019. Picture taken August 22, 2019. — ReutersHormuz Strait carries 20% of global oil flows; disruption raises fears.Trump threatens strikes on Iran’s civilian infrastructure if…
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ECC okays revision in dealers’ margins, petroleum dealers call off strike
People wait for their turn to get fuel at a petrol station in Karachi, July 4, 2024. — ReutersDealers had threatened indefinite closure from August 15 morning.Finance Minister Aurangzeb chairs ECC meeting at Finance Division. APPPOA vice chairman thanks PM, petroleum minister for…
OCC Urges Community Banks to Issue Stablecoins
The OCC is encouraging community banks to apply as permitted stablecoin issuers under the GENIUS Act as federal licensing requirements take effect on Jan. 18, 2027. TLDR The Office of the Comptroller of the Currency (OCC) is urging community banks to apply as permitted stablecoin issuers under the GENIUS Act. Issuers must comply with the […]
IMF says Pakistan’s power tariff changes must not hurt middle- and lower-income families
A representational image shows the International Monetary Fund name on a blue background alongside the Pakistan flag. — Unsplash
Pakistan proposes tariff overhaul under $7bn IMF Extended Fund Facility.Analysts warn changes may raise inflation, ease pressure on…