Category: Breaking News

SBP

SBP Allows Banks to Serve Licensed Crypto Firms Under New Digital Asset Framework

Pakistan moves to formally integrate regulated virtual asset service providers into the banking system under strict compliance and anti-money laundering controls. ISLAMABAD: The State Bank of Pakistan (SBP) has allowed licensed virtual asset service providers to open bank accounts, marking a significant reversal of restrictions imposed in 2018 and signaling a regulated pathway for digital […]
AI

Pakistan Rolls Out AI Sign Language System Nationwide to Improve Disaster Communication

Nationwide rollout aims to strengthen inclusive emergency communication and expand access for Deaf communities through AI-driven sign language tools. Pakistan has launched a nationwide expansion of an AI-powered sign language communication system designed to improve access to emergency information for Deaf communities. The initiative, led by ConnectHear in partnership with GSMA and Ufone, was announced […]
Pakistan

Pakistan Seeks Expanded IMF Funding Amid Middle East Conflict Economic Fallout

Expanded IMF Loan Request as Pakistan Faces Rising External Pressures WASHINGTON/ISLAMABAD: Pakistan is preparing to formally request additional financing from the International Monetary Fund (IMF) as it moves to cushion growing economic pressures linked to the ongoing Middle East conflict, officials said on Thursday. According to government sources, Islamabad intends to expand its existing $7 […]
Strait of Hormuz

Strait of Hormuz Closure Triggers Global Energy Alarm, 11 Nations Seek IMF Support

Global Energy Shock Intensifies as Maritime Conflict Disrupts Oil Routes and Financial Stability MIDDLE EAST: The closure of the Strait of Hormuz amid escalating regional conflict has triggered widespread alarm across global energy markets, prompting 11 countries including the United Kingdom, Japan, and Australia to call for emergency financial assistance through the International Monetary Fund […]
Iran

US Escalates Pressure on Iran with New Sanctions Targeting Networks

New US measures target individuals, entities, and vessels accused of supporting Iran-linked financial and logistical networks amid ongoing diplomatic contacts. The United States has announced new sanctions targeting Iran, intensifying its pressure campaign over alleged regional destabilizing activities, the US Treasury Department said. The measures are part of Washington’s counterterrorism framework and aim to restrict […]

Pakistan Navy Successfully Test-Fires Indigenous Anti-Ship Missile

Live weapon test highlights operational readiness and growing indigenous defense capability Pakistan Navy has successfully conducted a live firing of an indigenously developed ship-launched anti-ship missile, marking a significant milestone in the country’s defense capabilities, according to the Inter-Services Public Relations (ISPR). The military’s media wing stated that the missile accurately struck its target at […]
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