Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. — ReutersTaiwan offers $250bn investment in exchange for lower tariffs.Fast-growing Taiwanese chipmaker TSMC looks to expand in Arizona.Taiwan needs ‘to keep our…
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SBP permits bank accounts for licensed virtual asset providers
An undated image of the State Bank of Pakistan building in Karachi. — AFP/FileBanks may open accounts after PVARA verification.Separate client money accounts made mandatory.AML and compliance rules remain strict.
The State Bank of Pakistan has allowed financial institutions to open…
Finance division projects inflation to remain in 5-6% range in October
People buy vegetables at a local market in Lahore. — AFP/FileGovt records surplus of Rs1.5tr during July-September.Report estimates Rs430bn losses due to recent floods.Commodities prices hiked due to supply disruption, border closures.
ISLAMABAD: The Finance Division has projected…
Ramadan, Eid remittances to keep rupee stable
An employee counts Pakistani rupee notes at a bank in Peshawar, August 22, 2023. — ReutersInterbank rate stays range-bound through the week.IMF review talks begin under EFF and RSF.Remittances rise year-on-year, dip month-on-month.
KARACHI: The Pakistani rupee is expected to stay…