New Delhi, Feb 11 (IANS) Pakistan’s plan to embrace a dollar‑linked stablecoin through a partnership with US crypto firm World Liberty Financial could accelerate the country’s dollarisation and undermine its macroeconomic stability, a new report has said.The report in the Daily Mirror said that a dollar-pegged stablecoin embeds a preference for the dollar as store of value and medium of exchange encouraging households to hold it as a state-tolerated alternative and move away from Pakistani r…
Latest Pakistani Rupee News & Updates
Islamabad, Jan 5 (IANS) With Pakistani households forced to spend nearly two-thirds of their income on food and electricity, the economy has ceased to be about growth and has become one of survival, a report said on Monday. Citing the Pakistan Bureau of Statistics’ latest Household Integrated Economic Survey, it revealed that life in Pakistan has increasingly become a matter of basic survival.“Food alone now absorbs more than a third of household spending. Another quarter goes into housing, el…