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SBP to issue Rs100 coin to commemorate 10 years of CPEC

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SBP
  • CPEC contributed greatly to Pakistan’s infrastructure.
  • Govt decided to issue a commemorative coin of Rs.100.
  • The coin shall be issued through the exchange counters.

KARACHI: State Bank of Pakistan (SBP) to Issue Rs 100 Commemorative Coin to mark 10th anniversary of the China-Pakistan Economic Corridor(CPEC).

The China-Pakistan Economic Corridor (CPEC) has contributed greatly to Pakistan’s infrastructure and economic development since its decade of inception in 2013.

To mark the occasion of the 10th anniversary of the China-Pakistan Economic Corridor, the Government of Pakistan has decided to issue a commemorative coin of Rs.100.

The coin shall be issued through the exchange counters of SBP Banking Services Corporation from August 11, 2023.

The coin is round milled with serrations on the edge, diameter of 30.00 mm, weight 13.5 grams, and has Cupro-Nickel metal contents (Copper 75% & Nickel 25%).

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A massive gold coin has been revealed to commemorate Queen Elizabeth’s Diamond Jubilee

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Queen

The Royal Mint of the United Kingdom has produced the largest ever coin to commemorate Queen Elizabeth’s Platinum Jubilee, a 15 kilogramme (33.07 lb) behemoth commissioned by a private collector. The coin, which is 220 mm (8.7 inches) in diameter and is composed of pure gold, took 400 hours to create and is worth 15,000 … Read more

The controversial stablecoin related to the cryptocurrency luna has lost its peg, thereby rendering it unusable.

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cryptocurrency

TLuna, the sibling cryptocurrency of the contentious stablecoin TerraUSD, has plummeted to less than $0. TerraUSD, or UST, has been thrust into the limelight in recent days when the so-called stablecoin, which is intended to be tied one-to-one with the US dollar, plummeted below $1. UST is a code-based algorithmic stablecoin that uses a sophisticated … Read more

Crypto boom and financial stability

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Crypto

Crypto assets offer a new world of opportunities: Quick and easy payments, innovative financial services, inclusive access to previously ‘unbanked’ parts of the world. All are made possible by the crypto ecosystem. But along with the opportunities come challenges and risks. The latest Global Financial Stability Report describes the risks posed by the crypto ecosystem … Read more

Unisame urges early implementation of SME Policy 2021

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Unisame

KARACHI: The Union of Small and Medium Enterprises (Unisame) has urged for early implementation of the Small and Medium Enterprises (SME) Policy 2021, a statement said on Wednesday. The Unisame president Zulfikar Thaver has stressed the need for implementation of the Policy, saying that it envisages rapid SME export promotion, modernisation and upgradation of SME … Read more

Ethereum co-founder, Musk should not see the crypto industry as a joke

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Ethereum

During a recent interview with BNN Bloomberg, Ethereum co-founder Anthony Di Iorio expressed his dissatisfaction with Tesla CEO Elon Musk.

According to Di Iorio, people like Musk have the ability to bring about significant change.

However, he feels that they should concentrate on real issues rather than frivolous ones:

He said, “I’m just really wishing that their energy is going to be focused around educating people, and not having fun with something that’s so important”.

Musk, who owns Ether, has garnered the ire of many in the cryptocurrency community for pushing the joke cryptocurrency Dogecoin and helping to propel its market valuation to a staggering $90 billion in early May.

The billionaire continues to promote the cryptocurrency with regular tweets and memes, but his social media clout hasn’t helped the cryptocurrency climb out of the enormous hole it dug during the latest market correction.

From its high on May 8, the meme coin has dropped more than 72%.

Ethereum co-founder Di Iorio also chastised individuals who use technology to inflate their own tokens.

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SBP issues commemorative coin to mark 70th anniversary of Pak-China ties

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current account

KARACHI: The State Bank of Pakistan (SBP) on Thursday issued Rs70 coin to commemorate the diplomatic relationship between Pakistan and China that was established on May 21, 1951, a statement said. To mark the occasion of the 70th anniversary of Pakistan-China diplomatic relations, the government of Pakistan decided to issue a commemorative coin of Rs70. … Read more

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