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SBP allows exchange firms to use Raast

[ . KARACHI: Building an innovative and inclusive digital financial services ecosystem is a key objective of the State Bank of Pakistan (SBP) under its Strategic Plan 2023-28. According to a statement issued on Thursday, the SBP has allowed exchange companies to utilise Raast, the instant payment system launched in 2021, to facilitate home remittances. … Read more

UN chief sounds alarm on global cooperation

UN Chief Antonio Guterres. Photo: Anadolu Agency UNITED NATIONS: UN Secretary-General Antonio Guterres lashed out Thursday at world leaders who he said were seeking to “put international cooperation on deathwatch” amid brazen violations of international law, but held off naming offending countries. He also reiterated that he was “deeply concerned about the violent repression in … Read more

Astronauts return after first medical evacuation

. The four members of the SpaceX Crew-11 are evacuating from the International Space Station due to a a medical problem affecting one of them. Photo: AFP (file) WASHINGTON: Four International Space Station crewmembers splashed down in the Pacific Ocean on Thursday, NASA footage showed, after the first ever medical evacuation in the orbital lab’s … Read more

Businessmen warn NEPRA losing autonomy

[ . KARACHI: Karachi Chamber of Commerce & Industry (KCCI) acting President Muhammad Raza has expressed strong opposition to proposed amendments to the Nepra Act, 1997 and the Electricity Act, 1910, which indicate that the National Electric Power Regulatory Authority may be placed under the administrative control of the Power Division. Raza stated that the … Read more

Defence export fuels policy rethink

[ LAHORE: As Pakistan enters a phase marked by unprecedented defence export opportunities and an equal chance to reposition itself within evolving global economic dynamics, business leaders are calling for a fundamental restructuring of the country’s external economic relationships to achieve sustainable, self-driven growth. Former president of the South Asian Association for Regional Cooperation (SAARC) … Read more

Bryan Cranston open to reprise ‘Breaking Bad’ role

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Bryan Cranston, the Emmy-winning actor best known for his iconic role in ‘Breaking Bad’, says the hit series wouldn’t exist without ‘The Sopranos’, as it allowed characters like Walter White to take centre stage. In multiple interviews recently, Cranston suggested that while he believes he has already said goodbye to Walter White, the door is … Read more