Bitcoin falls 9.3% to $36,955, dollar slides

NEW YORK: Bitcoin dropped 9.28% to $36,955.03 on Friday, losing $3,781.02 from its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 2.4% from the year’s low of $36,146.42. Ether, the coin linked to the ethereum blockchain network,

FIA raids money exchange company in Karachi, arrests 8

KARACHI: The Federal Investigation Agency (FIA) has arrested eight suspects over their alleged involvement in the smuggling of foreign currencies worth millions of rupees. FIA Commercial Banking Circle raided the offices of Bestway money exchange company in Saddar and Gulshan-e-Iqbal

UN warns Afghanistan needs money to prevent total breakdown

NEW YORK: The United Nations warned that the freezing of billions of dollars in Afghan assets to keep them out of Taliban hands would inevitably spark “a severe economic downturn” and could push millions more Afghans into poverty and hunger.

Railway police snatch money, torture passenger

KARACHI: Railway police brutally tortured a youth after which he lost his sanity and also snatched over Rs400,000 from him. Kashif Saliro, who was travelling on a passenger train from Kotri to Karachi, was resident of Mohammad Khan village in

Money can’t buy everything

During our lifecycle from birth to death, people often complain about problems and work less to eradicate them. We are in a rat race of life to earn money, gain power and authority. In the meantime, we have forgotten to

Man stages robbery to conceal foreign currency in Rawalpindi

ISLAMABAD: An influential figure in the federal capital allegedly staged a robbery in connivance with a local money changer to hide a large amount of foreign currency. On April 4, the individual instructed his driver to convert Rs6.8 million into

Senate passes anti-money laundering amendment bill

ISLAMABAD: On Tuesday the Senate passed anti-money laundering (AML) reforms and legislation for foreign exchange rules, the bill previously adopted by the National Assembly. All proposals, expected to meet the terms of the Financial Action Task Force (FATF), will now

Govt to curb undocumented flow of tax-evaded money: FBR chief

ISLAMABAD: During his first public appearance since returning from medical leave, Chairman of the Federal Revenue Board (FBR), Shabbar Zaidi, reiterated documentation reforms, saying that money whitening networks continued to prosper despite the efforts by the government to shut down

Sukkur woman ‘sells’ daughter to settle debt

SUKKUR: A debt-ridden woman in Sukkur sold her young daughter to settle a debt with a private money lender. Police received tip-off about a child marriage being carried out in the rural area of Salehpat. They conducted a raid at