India’s Financial Intelligence Unit (FIU) has imposed a fine of $2.25 million on the world’s largest crypto exchange, Binance, for operating in the country in violation of local anti-money laundering regulations. India requires virtual digital asset service providers like crypto exchanges to be registered with the FIU as a reporting entity and comply with its anti-money laundering rules. Binance did …

Bulls continued their stampede post-Eid as shares at the Pakistan Stock Exchange (PSX) climbed more than 1,700 points in intraday trade to reach an all-time high, which analysts attributed to the “dovish outlook” of rating agencies for the country. The benchmark KSE-100 index gained 1738.81, or 2.27 per cent to stand at 78,445.58 — an all-time high — from the …

LAHORE: As if unfavourable weather, low crop yield and poor than expected produce rates were not enough, further hammering of cotton growers is in store as ginners are likely to go on strike pending a final decision on Sunday. An urgent meeting of the general body of the Pakistan Cotton Ginners Association (PCGA) has been convened at Sukkur on June …

KARACHI: Not only Pakistanis but millionaires from the entire world are heading towards Dubai, making the United Arab Emirates the biggest wealth magnet, reported CNBC on Tuesday. The UAE is set to lead for the third year in a row as the world’s top destination for the wealthy, expecting to see a record-breaking inflow of 6,700 millionaires by year’s end, according to …

ISLAMABAD: For the first time since nuclear tests by arch-rivals India and Pakistan in 1998, India has been reported by the Stockholm Inter­national Peace Research Institute (SIPRI) to possess more nuclear warheads than Pakistan, albeit by a slim margin of two warheads. The report’s findings, released during the Eid holidays, come at a time of heightened concern over the escalating global …

ISLAMABAD: Pakistan’s bid to join the BRICS economic bloc marks the country’s significant strategic intent to position itself alongside the world’s burgeoning and influential economies, besides underscoring its aspiration to be an integral player in the ascendant collective of the Global South. This was stated by Mr Mushahid Hussain Sayed, a former senator and head of Pakistan-China Institute and Pakistan-Africa …

ISLAMABAD: Minister of the International Department of the Communist Party of China (IDCPC) and member of the Communist Party’s Central Committee Liu Jianchao will arrive on Thursday, for a three-day visit (June 20-22) at the invitation of Deputy Prime Minister and Foreign Minister Ishaq Dar. During the visit, Mr Liu will co-chair with Mr Dar the third meeting of the …

PARIS: Nearly 2,000 children die every day from health problems linked to air pollution, which is now the second biggest risk factor for early death worldwide, a report said on Wednesday. Exposure to air pollution contributed to the deaths of 8.1 million people — around 12 per cent of all fatalities — in 2021, according to the report from the US-based Health …

London: In an opinion piece published by The Guardian, Scotland’s former First Minister Humza Yousaf said anti-Muslim sentiment in the United Kingdom and Europe is so mainstream now that “politicians barely bother disguising it”. “I was the first Muslim leader of a Western democracy. And I say Islamophobia has poisoned our politics,” wrote Mr Yousaf, urging leaders to “confront, not appease …

NEW DELHI: A group of senior US lawmakers including former House speaker Nancy Pelosi met on Wednesday with the Dalai Lama and the Tibetan government-in-exile in India, sparking heavy criticism from China. The bipartisan group of US lawmakers, led by Congressman Michael McCaul and Pelosi, visited the 88-year-old Buddhist spiritual leader at his home base in the northern Indian hill-town …