Author: molexn

ISLAMABAD – Cryptocurrency market is riding fresh wave of optimism this August, with both Bitcoin BTC and Pi Network’s PI token capturing investor attention. Leading cryptocurrency Bitcoin soared nearly 10pc in first ten days of August, building on July’s momentum when it came within whisker of its $123,000 record which is around Rs34.5 million (3.4 crore), the rally is being fueled by a potent mix of pro-crypto political actions, institutional accumulation, and macroeconomic tailwinds. US President Donald Trump taken an overtly supportive stance on digital assets, signing executive orders to permit cryptocurrencies in retirement plans and prevent banks from cutting…

ISLAMABAD – Pakistan is gearing up to launch its very first central bank digital currency (CBDC) later this year powered by cutting-edge Japanese blockchain technology. Partnering with award-winning blockchain technology firm Soramitsu, Pakistan’s central bank aims to introduce digital rupee that could transform how 250 million Pakistanis handle money. Funded by Japan’s Ministry of Economy, Trade, and Industry, the project garnered all attention for a promising cashless future. State Bank Governor Jameel Ahmad said they are building muscle needed for a new digital era, while experts point out that the move could slash the cost of cash distribution in rural…

PANAMA CITY – BingX, a leading cryptocurrency exchange and Web3 AI company, has successfully attained Payment Card Industry Data Security Standard (PCI DSS) v4.0.1 certification for its fiat business, marking a significant milestone in its mission to protect data privacy and security. BingX is among the first cryptocurrency exchanges worldwide to earn this recognition, underscoring its leadership in applying global security standards to the Web3 space. Maintained by the PCI Security Standards Council — founded by Visa, Mastercard, American Express, Discover, and JCB — PCI DSS v4.0.1 sets rigorous requirements for safeguarding sensitive payment data during storage, transmission, and processing.…

ISLAMABAD – Bilal bin Saqib MBE, CEO of the Pakistan Crypto Council and Chief Advisor to the Finance Minister, is at the forefront of Pakistan’s Bitcoin initiatives, spearheading the nation’s Bitcoin Strategic Reserve. Seven years back, Bilal identified $8,000 as a key support level for Bitcoin and highlighted its long-term potential. Today, he calls the cryptocurrency “today’s crown jewel” and describes Pakistan as an “undervalued opportunity” with enormous growth potential. 2018: I called $BTC support at $8K. 2025: $BTC at $124k & leading Pakistan’s Bitcoin Strategic Reserve. 2018’s overlooked asset became 2025’s crown jewel. Pakistan is today’s undervalued play and…

Market analysis by Christopher Tahir, Senior Financial Markets Strategist at Exness On 7 July, the US Securities and Exchange Commission (SEC) acknowledged Truth Social’s filing of a dual bitcoin-ether exchange-traded fund (ETF) listing. Truth Social, the social media platform run by US President Trump’s media company, initially filed the application with the SEC on 16 Jun 2025. Although public opinion disputed the application as a conflict of interest, the cryptocurrency industry hailed it as a new dawn for digital assets. More than a tour de force in the crypto space, the connection between the US President and the world of…

ISLAMABAD – Pakistan witnessed another milestone in digital finance by establishing Virtual Assets Regulatory Authority (VARA), aimed at overseeing and regulating cryptocurrencies and digital assets. Experts called this development a turning point in Pakistan’s journey toward becoming serious player in global crypto economy. The announcement was made by Minister of State for Crypto and Blockchain Bilal bin Saqib who highlighted that Pakistan’s new crypto policy is designed to align with international standards while creating fresh economic opportunities. Bilal further revealed that Pakistan has set up strategic Bitcoin reserves, positioning them as a long-term symbol of practical investment. In recent report,…

ISLAMABAD – Pakistani Rupee appreciated against various foreign currencies, with US Dollar shedding value while several other major currencies witnessed slight fluctuations. According to latest rates, US Dollar was being bought at Rs. 283.5 and sold at Rs. 284.20. Euro traded higher at Rs. 327.75 (buying) and Rs. 329 20 (selling), while the UK Pound Sterling stood at Rs. 379.2 and Rs. 380.7, respectively. UAE Dirham was quoted at Rs. 77.2 (buying) and Rs. 77.35 (selling), while the Saudi Riyal stood at Rs. 75.5 and Rs. 75.70. Other notable rates included the Kuwaiti Dinar at Rs. 917.75 (buying) and Rs.…

KARACHI – Pakistani rupee shows slight stability in open market over weekend as US dollar traded at Rs283.6 for buying and Rs284.1 for selling. According to the latest forex rates, Euro was available at Rs327.75 (buying) and Rs329.2 (selling), while the British Pound Sterling stood at Rs379.2 and Rs380.7 respectively. UAE Dirham was being bought at Rs77.2 and sold at Rs77.35, whereas the Saudi Riyal remained steady at Rs75.5 (buying) and Rs75.65 (selling). Kuwaiti Dinar was quoted at Rs917.75 for buying and Rs925.75 for selling, while the Bahraini Dinar traded at Rs751.25 and Rs753.75. The Qatari Riyal stood at Rs77.05…

  KARACHI – Foreign exchange market in Pakistan opened with mixed trends on first working day of the week. According to the latest rates, the US Dollar stood at Rs283.60 (buying) and Rs284.10 (selling). Euro was recorded at Rs327.75 (buying) and Rs329.20 (selling), while the British Pound Sterling traded at Rs379.20 (buying) and Rs380.70 (selling). UAE Dirham was available at Rs77.20 (buying) and Rs77.35 (selling), and the Saudi Riyal was quoted at Rs75.50 (buying) and Rs75.65 (selling). Other major currencies also showed steady movement. Canadian Dollar at Rs202.50 (buying) and Rs207.50 (selling) Bahraini Dinar at Rs751.25 (buying) and Rs753.75 (selling).…

KARACHI – Pakistani rupee shows resilience as major foreign currencies remained largely stable in the open market. In open market, US Dollar stood at Rs283.20 for buying and Rs284.00 for selling, keeping pressure steady on the rupee. In inter-bank trading, PKR settled at 281.87, with gain of Rs0.03 against the greenback in 12th successive gain against the USD. Euro was traded at Rs330.70 (buying) and Rs332.50 (selling), while the UK Pound Sterling hovered at Rs381.85 and Rs383.80. Saudi Riyal was available at Rs75.40 (buying) and Rs75.60 (selling), whereas the UAE Dirham stood at Rs77.10 and Rs77.30.   …