exchange

The largest encrypted currency exchange in the United States faces a legal challenge on securities sales – Trendy Blogger

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The largest encrypted currency exchange in the United States faces a legal challenge on securities sales – Trendy Blogger

A US federal judge spent on Friday that Coinbase, the largest encrypted currency exchange in the United States, should face a lawsuit from agents who accuse her of selling securities illegally without registration as a mediator. The American boycott judge, Paul Eng, refused in Manhattan, Coinbase’s argument, as not qualified as a “legal seller” under … Read more

SBP purchases $ 3.8 billion in the foreign exchange market to boost reserves – Trendy Blogger

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SBP purchases $ 3.8 billion in the foreign exchange market to boost reserves – Trendy Blogger

IslamabadFrom June to October 2024, the Pakistani State Bank (SBP) bought a total of $ 3.8 billion in the local foreign exchange market (FX), according to data issued by the Central Bank on Tuesday. SBP reports usually foreign exchange market interventions with a three -month delay. These interventions in the market contributed to an increase … Read more

Foreign exchange reserves held by the State Bank of Pakistan fall to $11.45 billion due to debt repayment – Trendy Blogger

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Foreign exchange reserves held by the State Bank of Pakistan fall to .45 billion due to debt repayment – Trendy Blogger

IslamabadForeign exchange reserves held by the State Bank of Pakistan (SBP) fell by $276 million on a weekly basis, reaching $11.45 billion as of January 17, data released on Thursday showed. The total liquid foreign reserves held by the country amounted to $16.19 billion. Net foreign reserves at commercial banks amounted to $4.74 billion. The … Read more

The Securities and Exchange Commission (SECP) prohibits companies from accepting funds from blacklisted international NGOs – Trendy Blogger

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The Securities and Exchange Commission (SECP) prohibits companies from accepting funds from blacklisted international NGOs – Trendy Blogger

Islamabad: The Securities and Exchange Commission of Pakistan (SECP) has taken strict measures to prevent companies from accepting funding from blacklisted or unregistered international non-governmental organizations (INGOs) operating within Pakistan. In a notification issued on Monday, the Securities and Exchange Commission of Pakistan proposed amendments to the Companies Regulations 2024, emphasizing that companies should not … Read more

The Securities and Exchange Commission (SECP) provides detailed guidelines for mutual fund investment plans – Trendy Blogger

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The Securities and Exchange Commission (SECP) provides detailed guidelines for mutual fund investment plans – Trendy Blogger

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has updated the regulatory framework for the mutual fund industry by introducing specific requirements for “investment plans”. These updates are based on provisions added through the amendments to the Non-Banking Finance Companies and Reported Entities Regulations 2008 (NBFC Regulations), according to a press release. The framework … Read more

SBP doubles minimum capital requirement for exchange houses to Rs 1 billion – Trendy Blogger

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SBP doubles minimum capital requirement for exchange houses to Rs 1 billion – Trendy Blogger

The State Bank of Pakistan (SBP) has raised the minimum paid-up capital requirement for exchange houses to Rs 1 billion, significantly tightening regulations to formalize the currency market. Dawn said the updated regulatory framework poses challenges for older companies while making it more difficult to establish new ones. In September 2023, the State Bank of … Read more

Pakistan’s foreign exchange reserves declined by $261.2 million – Trendy Blogger

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Pakistan’s foreign exchange reserves declined by 1.2 million – Trendy Blogger

Pakistan’s foreign exchange reserves saw a decline of $261.2 million or 1.57% on a week-on-week basis, bringing the total to $16.37 billion during the week ending December 20, 2024. The decline was primarily driven by a significant decline in reserves held by Pakistan. State Bank of Pakistan (SBP). According to data released by the State … Read more

The Dubai Stock Exchange index reaches its highest level in ten years – Trendy Blogger

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The Dubai Stock Exchange index reaches its highest level in ten years – Trendy Blogger

Dubai’s main stock index reached its highest level in more than a decade on Wednesday, rising 0.1% to close at 5,084 points, its highest level in 10 years and three months. Other Gulf markets were weak as investors expected smaller interest rate cuts by the US Federal Reserve next year. Emirates NBD Bank shares gained … Read more