May 2019

Pakistan. Pension payments to reachRs46 billion in next fiscal year

Employees Old-Age Benefits Institution would bring pension payments up around 31 percent year-over-year to Rs46 billion in the next fiscal year, its head said. Chairman EOBI Azhar Hameed said pension payments would reach Rs35 billion by the end of the current fiscal year. “The disbursement will increase to Rs46 billion during the next fiscal year,” he said, addressing members of Korangi Association of Trade and Industry (Kati). Hameed said the institution is planning to celebrate pension day to spread...

April 2019

Pakistan Introduces Crypto Regulation

The Pakistani government will now regulate local cryptocurrency firms under new legislation. Local news outlet The Express Tribune reported that the government of Pakistan will introduce Electronic Money Institutions (EMI) regulations based on the recommendations of the Financial Action Task Force (FATF). The FATF is an intergovernmental organization based in France that creates policies for combating money laundering and other threats to the integrity of the global financial system. It has reportedly been working on international regulations for cryptocurrencies....