South Korea’s bank-first stablecoin approach lacks logic, says Kaia chair
The Bank of Korea should make clear rules for stablecoin issuers, allowing banks and non-banks to issue the tokens, says Kaia DLT Foundation chair Dr. Sangmin Seo.
Western Union picks Solana for its stablecoin and crypto network
Western Union has selected Solana for its Digital Asset Network and USDPT stablecoin, which it expects to be rolled out in the first half of 2026.
Bitwise Solana Staking ETF notches $55M trading volume on debut
Bitwise’s Solana staking ETF saw $55.4 million on its first day, the highest of all crypto ETFs this year, alongside the launch of Hedera and Litecoin ETFs from Canary Capital.
Pakistan, Saudi Arabia announce launching ‘Economic Cooperation Framework’
Prime Minister Shehbaz Sharif meets Saudi Crown Prince and Prime Minister Mohammed bin Salman at Al Yamamah Palace on October 27, 2025. — X/@CMShehbazFramework to boost trade, investment, development collaboration.MoUs planned on energy and electricity interconnection projects.PM…
PSX slips as investors lock gains following SBP rate hold
Broker is busy in trading at Pakistan Stock Exchange in Karachi on Wednesday, January 1, 2025. — PPIKSE-100 Index closed at 160,101.02 points, down 2,062.79 points.Session low recorded at 159,805.34 points, down 2,358.47 points.Index recorded intraday high of 163,380.67, up 1,216.86…
Saudi minister urges PIF to ease domestic spending, make way for private sector
Minister of Investment of Saudi Arabia Khalid bin Abdulaziz Al-Falih attends the Future Investment Initiative in Riyadh, Saudi Arabia October 29, 2024. — ReutersMinister Khalid urges PIF to make way for the private sector.PIF chairman said last year fund would focus on domestic…
World Bank projects Pakistan’s GDP growth at 3% for FY26
A labourer delivers packs of fabrics to a market in Karachi. — ReutersEconomic outlook tempered by recent floods: World BankLender stresses implementation of priority fiscal reforms.Urges market-determined exchange rate, stronger trade finance.
ISLAMABAD: The…
One-third of Pakistan’s taxpayers declare zero income in returns
This image released on March 3, 2022, shows the FBR building. — Facebook/Federal Board of RevenueFBR to send notices, launch audits after October 31 deadline.Chairman Langrial says FBR has transaction data of filers.FBR flags 977,000 filers showing lower income than last year.
Govt says Nepra’s move to slash KE’s tariff will ease burden on taxpayers
A view of the K-Electric head office in Karachi. — K-Electric website/FileGovt defends Nepra’s KE tariff decision amid criticism.Power Division calls Nepra ruling landmark for transparency.Says move curbs profits, protects consumers, cuts subsidies.
The Ministry of…
Pakistan, Bangladesh revive long-stalled economic partnership after two decades
Federal Minister for Petroleum Ali Pervaiz Malik pictured during an MoU signing ceremony with Bangladeshi officials on October 27, 2025. — X@PakinBangladeshPakistan-Bangladesh Knowledge Corridor to be established.Will provide 500 fully funded scholarships for Bangladeshi…