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CBDC

IMF chief urges more proactive push for central bank digital currencies

LONDON: The head of the International Monetary Fund has urged countries to make a more proactive push to develop...

Published 16 Nov, 2023 05:39am

Raast platform: SBP set to launch ‘P2M’ payment system

KARACHI: The State Bank of Pakistan (SBP) is all set to launch the person-to-merchant (P2M) online payment system on...

Updated 27 Sep, 2023 10:40am

Markets

BOJ to launch pilot programme in April for issuing digital yen

TOKYO: The Bank of Japan (BOJ) said on Friday it has decided to launch a pilot programme in April for issuing a...

Published 17 Feb, 2023 10:07am

Supplements

Where you need trust, you need PKI

TEXT: Imran Ashraf is helping companies to leverage the power of PKI and blockchain. His area of intrest is CBDC,...

Published 07 Dec, 2022 06:30am

Business & Finance

Digitisation of country’s financial landscape highlighted

KARACHI: In the 15th episode of State Bank of Pakistan’s Podcast series, Sohail Javaad, the executive director of...

Published 23 Nov, 2022 06:58am

Business & Finance

China’s digital yuan stands out in cross-border pilot

HONG KONG/ SHANGHAI: China’s digital yuan took the centre stage in the world’s largest cross-border central bank...

Published 28 Oct, 2022 05:58am

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

Business & Finance

20 applications received for licences of digital banks: Sima Kamil

KARACHI: As many as 20 entities (both local and foreign) have applied for the licenses of digital banks under the...

Published 17 Jun, 2022 08:20am

Govt seeks $21bn support from China

Requests rollover of existing loans of $ 10.735 billion and $ 10 billion as deposit fund

Updated 08 Mar, 2022 06:43pm

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

Fed says central bank digital dollar could offer benefits

WASHINGTON: An official US digital currency could offer potential benefits to American consumers and businesses, but...

Published 22 Jan, 2022 05:46am

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

Technology

Japan keen to speed up digital yen launch as China adds geopolitical twist

TOKYO: Japan's new political leadership is calling on the country's financial bureaucrats to ramp up efforts toward...

Published 01 Dec, 2021 12:11pm

Business & Finance

China will advance development of eCNY

BEIJING: China will continue to advance the development of its central bank digital currency and improve its design...

Published 10 Nov, 2021 05:47am

Technology

G7 finance leaders lay out guidelines for central bank digital currencies

Group of Seven advanced economies said on Wednesday that any digital currency issued by a central bank must "support...

Published 14 Oct, 2021 12:17pm

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

Business & Finance

Bank Indonesia joins global push for digital currencies

JAKARTA: Indonesia’s central bank is planning to launch a digital rupiah currency and is assessing which platform...

Published 31 May, 2021 03:12am

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

World

'Britcoin' not bitcoin? UK considers new digital currency

UK creates BoE-Treasury taskforce to look at 'digital pound'.
Sunak focused on boosting London's competitiveness after Brexit.
Britain will lift curbs on who can trade shares in London.
Britain will ease limit on off-exchange share trading.

Published 19 Apr, 2021 04:27pm

Business & Finance

BoJ sees scope to set common rules on CBDCs with major central banks

TOKYO: A group of the world’s seven major central banks has scope to set common rules and platforms for their own...

Updated 12 Apr, 2021 09:15am

Business & Finance

BoJ kicks off experiments on issuing digital currency

TOKYO: The Bank of Japan (BoJ) began experiments on Monday to study the feasibility of issuing its own digital...

Published 06 Apr, 2021 04:23am

Markets

Japan's central bank kicks off experiments on issuing digital currency

If necessary, the central bank will launch a pilot programme that involves payment service providers and end users, BOJ Executive Director Shinichi Uchida said last month.

Published 05 Apr, 2021 12:05pm

Markets

BOJ must prepare 'thoroughly' on digital currency, says Kuroda

While the BOJ currently has no plan to issue CBDC, central banks must not wait idly until the need to roll out its own digital currency arises, he told a seminar.

Published 16 Mar, 2021 12:03pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 18	278.55
USD PKR Interbank Buying / Dec 18	278.25
USD to Japanese Yen / Dec 18	153.63
USD to Swiss Franc / Dec 18	0.89
Pound Sterling to USD / Dec 18	1.27
Euro to USD / Dec 18	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
Nasdaq / Dec 17	20,109.06
Dow Jones / Dec 17	43,449.90
India Sensex / Dec 18	80,231.76
Tokyo Nikkei / Dec 18	39,081.71
Hang Seng / Dec 18	19,857.31
FTSE 100 / Dec 18	8,222.99
Germany DAX 30 / Dec 18	20,267.35

Item	Value
Gold 10 Grams PKR / Dec 17	241,860
Petrol/Litre / Dec 18	252.10
Crude Oil USD/Barrel / Dec 18	70.43
Karachi Cotton PKR/37.32 KG / Dec 18	17,585
Gold Spot USD/Ounce / Dec 18	2,644.54
Diesel/Litre / Dec 18	255.38

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
S.G.Power / Dec 18 S.G. Power Limited(SGPL)	9.17 ▲ 1.00 (12.24%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.42 (10.37%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Suhail Jute / Dec 18 Suhail Jute Mills Limited(SUHJ)	61.55 ▲ 5.60 (10.01%)
Attock Cement / Dec 18 Attock Cement Pakistan Limited(ACPL)	259.27 ▲ 23.57 (10.00%)
AL-Ghazi Tractors / Dec 18 Al-Ghazi Tractors Limited(AGTL)	564.23 ▲ 51.29 (10.00%)

Stock	Price
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
First Imrooz Mod. / Dec 18 First Imrooz Modaraba(FIMM)	180.01 ▼ -19.99 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
J.A.Textile / Dec 18 J.A. Textile Mills Limited(JATM)	44.37 ▼ -4.93 (-10.00%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	331.40 ▼ -36.82 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Synthetic Prod / Dec 18 Synthetic Products Enterprises Limited(SPEL)	45.89 ▼ -5.10 (-10.00%)
Biafo Ind. / Dec 18 Biafo Industries Limited(BIFO)	198.85 ▼ -22.08 (-9.99%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.15
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.34
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	67,234,901 ▼ -0.51
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	60,136,151 ▲ 0.13
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -1.00
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	46,669,770 ▼ -0.33
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.67
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▼ -0.46
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	36,858,206 ▲ 1.01

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