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Digital hawala network using encrypted apps, stablecoins and Pakistan’s Raast payment system

Hawala Networks Go Digital as FATF Warns of Stablecoin, Encrypted App Risks

A joint FATF-OECD report highlights the growing use of digital payments, encrypted messaging and virtual assets in underground banking, including a Pakistan-linked case. Hawala, one of the world’s oldest informal money-transfer systems, is increasingly adopting digital tools that are making illicit financial flows more difficult for authorities to detect. A joint report by the Financial […]
SECP headquarters in Islamabad representing Pakistan’s new company registrations in August 2026

IT Sector Leads as SECP Registers 4,761 New Companies in August

SECP says digital registration and business facilitation continue to support entrepreneurship, while the IT sector leads new incorporations. ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 4,761 new companies in August 2026, taking the total number of registered companies in the country to 311,765, according to figures released by the regulator. The latest […]
British-Pakistani urologist Dr Muhammad Shabi Ahmed honoured with Tamgha-i-Imtiaz

British-Pakistani Urologist Dr Muhammad Shabi Ahmed Honoured With Tamgha-i-Imtiaz

President Asif Ali Zardari presents Tamgha-i-Imtiaz to Birmingham-based urologist Dr Muhammad Shabi Ahmed for his contributions to healthcare, education and charity. LONDON: British-Pakistani consultant urologist and Professor of Urology Dr Muhammad Shabi Ahmed has been awarded Pakistan’s prestigious Tamgha-i-Imtiaz in recognition of nearly three decades of contributions to healthcare, medical education and charitable services in […]
EU and US economic pressure campaign against Iran and Strait of Hormuz maritime security

EU Joins US Economic Pressure Campaign Against Iran

The EU has joined a US-led effort to restrict Iran’s access to international financial networks, while South Korea weighs a possible maritime security role in the Strait of Hormuz. The European Union has joined the United States’ economic pressure campaign against Iran as Washington seeks to further restrict Tehran’s access to international financial networks. US […]
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