Biden order moves authority for the ban to the Treasury Department from the Defense Department to give it stronger legal grounding.
Economy
From July 2020 to March 2021, the central bank has earned only 497 billion profit while in FY20, the SBP had earned 635.51 billion rupees profit during the same period.
As per the report, Pakistan has achieved a compliant/largely compliant rating in 31 out of 40 FATF Recommendations in Technical Compliance.
“It’s time for the government to transform Islamabad into a model city.”
“Pakistan’s economy has shrunk by $19 billion in the last three years.”
Month of Budget bring forth economic questions for the government.
Now cryptocurrencies are gradually regaining lost value and worth.
The food inflation rate in cities increased to 15.3% and in villages and towns to 12.8%, which was relatively lower than the previous month.