Category: Trade

Federal Minister: Cryptocurrency is neither promoted nor recognized in Pakistan.

Ahmed Raza
Cryptocurrency is neither promoted nor recognized in Pakistan.

Citing Tariq Fazal Chaudhry, the Federal Minister told the National Assembly yesterday that online Cryptocurrency currency would be subject to regulation so it cannot be abused. He stressed during the Questions Hour that neither does the government promote nor demote online currency; in a word it has not still become legalized money in Pakistan’s view yet. He said that to stem illegal activities and misuse of digital currencies, the government has enacted regulations. The Special Assistant to the Prime Minister will oversee all matters related to cryptocurrency, he added, in…

American Hostages Released is U.S.Officials Hopeful Offer for A Taliban Deal

Ahmed Raza
American Hostages Released is U.S.Officials Hopeful Offer for A Taliban Deal

U.S. officials referred to the release of several American hostages in Afghanistan as hopeful signs of a broader agreement with the Taliban. This comes after weeks of talks led by U.S. envoys meeting Taliban representatives in Doha. The officials said that the action indicated it was possible for the Taliban to keep communications open. They also pointed out that this group responded to direct U.S. demands and agreed to demonstrate their readiness for future cooperation. As family members of the released hostages welcomed the news, U.S. lawmakers called on the…

Trump asks US Supreme Court to decide tarriffs

Ahmed Raza
US Supreme Court

Gofrixty [04 September 2025] –The United States Supreme Court has been asked to weigh in on whether the administration of former President Donald Trump acted within its authority when it imposed tariffs on more than $300 billion of products. Trump contends that the court is duty-bound to recognize expansive executive-branch discretion to shield American industries with trade measures. Trump’s lawyers appealed after lower courts said the administration appeared to be acting outside its powers. They argue that Congress empowered presidents to respond swiftly to trade matters in order to protect national…

US, China back off on immediate trade escalation

Ahmed Raza
US, China back off on immediate trade escalation

Gofrixty [13 August 2025] – In an effort to cool tensions, the US and China agreed over the weekend not to impose additional trade tariffs for 90 days. The President announced the extension after talks with Chinese officials and China followed up by confirming through its Ministry of Commerce. The announcement came less than eight hours before a dramatic increase in tariffs on both American and Chinese goods was set to take effect, raising U.S. rates to 30% on more than half the expensive $250 billion worth of products already affected…