Axi launches Axi Select, a pioneering all-inclusive capital allocation programme offering skilled traders funding of up to $1,000,000 USD

Axi Select  [We see the Trader in You !] SYDNEY, Australia, Sept. 18, 2023 (GLOBE NEWSWIRE) — Axi a leading global Forex and CFD broker has announced the launch of Axi Select, a groundbreaking capital allocation programme. The programme is specifically crafted to empower traders by offering them a pathway to access capital funding up […]

Axi Select

xi Select Campaign

 [We see the Trader in You !]

SYDNEY, Australia, Sept. 18, 2023 (GLOBE NEWSWIRE) — Axi a leading global Forex and CFD broker has announced the launch of Axi Select, a groundbreaking capital allocation programme. The programme is specifically crafted to empower traders by offering them a pathway to access capital funding up to $1,000,000 USD and facilitating their progression into professional trading. Setting a new precedent within the industry, Axi Select offers traders the exceptional advantage to join the program with zero registration fees, as well as the opportunity to earn up to 90% of their profits.

Greg Rubin, Head of Axi Select

Greg Rubin, Head of Axi Select

Greg Rubin, Head of Axi Select, says: “Through the introduction of Axi Select, our innovative capital allocation programme, we aim to provide an opportunity for traders to forge long and successful careers, empowering them to realize their lifelong aspirations of becoming professional traders. Our comprehensive programme provides the capital, support, and resources necessary for traders to thrive in the dynamic world of trading. We are committed to fuelling their passion, driving their success, and providing unwavering support as they navigate towards achieving their goals.” The programme offers a range of notable features, including unrestricted trading conditions, the Edge score which allows traders to fine-tune their strategies and enhance their trading performance, and an exclusive trading room which serves as a dedicated hub, offering real-time market updates and curated educational content.

[LEARN MORE AND JOIN AXI SELECT]

The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. This content is not available for AU, NZ, and UK clients. For more information, refer to our Terms of Service. Other Fees may apply.

Click here to watch the Axi Select fireside chat

Talking about Axi Select, Louis Cooper, Chief Commercial Officer at Axi, says “At Axi, we take pride in being a brand that consistently brings the edge to life for our customers. Our revolutionary new offering, Axi Select, is the first-of-its-kind among brokers and another true reflection of our brand promise. We have previously allocated $39M to traders in previous programmes and enabled several traders break out into pro trading status. With Axi Select, we will deliver unparalleled opportunities to our traders whilst both redefining the boundaries of what’s possible in trading and reshaping the evolution of the financial industry.”

Axi offers a streamlined process to participate in Axi Select – with no signup or membership fees, traders can effortlessly submit their application and start trading. Upon achieving a designated Edge Score, traders can start to secure capital funding of up to $1,000,000 USD.

With Axi Select access funds of up to $1,000,000

With Axi Select access funds of up to $1,000,000

[LEARN MORE AND JOIN AXI SELECT]

The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. This content is not available for AU, NZ, and UK clients. For more information, refer to our Terms of Service. Other Fees may apply.

Click here to watch the Axi Select fireside chat

About Axi

Axi is a global online FX and CFD trading company, trusted by thousands of ambitious customers in 100+ countries around the world. We help all types of traders, trading businesses, banks and financial organizations find the edge they need to achieve their financial goals through informed transactions made on the world’s financial markets. Axi offers a wide range of assets including CFDs for several asset classes including Forex, Shares, Gold, Silver, Oil, Coffee, Indices, and other commodities.

At Axi, we are proud of our reputation as an honest, fair, and trusted broker. Our many awards and ‘Great’ Trustpilot reviews prove we have earned the confidence of customers who value our outstanding service, fast execution, secure payments, segregated funds, and easy withdrawals.

For further enquiries contact service@axi.com

Check out other Axi communication at https://www.axi.com/int/blog/company-news

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Pakistan’s Real Effective Exchange Rate Falls in August

Pakistan’s Real Effective Exchange Rate (REER) declined by 1.5 percentage points to 90.1 in August 2023.According to the latest monthly data released by the State Bank of Pakistan (SBP), the trend indicates a big decrease from 91.6 recorded in July 202…

Pakistan’s Real Effective Exchange Rate (REER) declined by 1.5 percentage points to 90.1 in August 2023.

According to the latest monthly data released by the State Bank of Pakistan (SBP), the trend indicates a big decrease from 91.6 recorded in July 2023.

A REER above 100 indicates a loss in trade competitiveness with exports becoming more expensive and imports getting cheaper, while a REER below 100 means the country’s exports are competitive.

Pakistan’s current REER value of 90.1 suggests that exports offer good returns. The federal government lifted all restrictions on imports 3 months ago and it will take some time until manufacturers normalize production and bolster exports.

Another side of the REER spectrum shows that the Pakistani Rupee is still greatly undervalued. This suggests that while exports are more competitive at the current level of REER, the returns would still be marginal unless the currency market shows recovery in later reviews.

Source: Pro Pakistani

Khyber Pakhtunkhwa’s Villagers Are Using Electricity for Just Rs. 200 Per Month

Brashmanal, a remote village in the Buner district of Khyber Pakhtunkhwa, is offering uninterrupted electricity at a nominal fee of Rs. 200 per month to its residents.The credit for this affordable initiative goes to Shaukat Hussain, a 30-year-old loca…

Brashmanal, a remote village in the Buner district of Khyber Pakhtunkhwa, is offering uninterrupted electricity at a nominal fee of Rs. 200 per month to its residents.

The credit for this affordable initiative goes to Shaukat Hussain, a 30-year-old local. He ingeniously set up a hydroelectric power plant with an investment of Rs. 100,000 in his village.

Despite its remote location and lack of certain basic amenities, the village has managed to sidestep the power woes that plague much of the country.

The residents of Brashmanal are unconcerned even though they are not connected to the Water and Power Development Authority (WAPDA) grid.

One local, as quoted by the News said, “Even though our village is isolated, we have successfully replaced the darkness with bright lights. It is both affordable and reliable, costing only Rs. 200 per month.”

The revenue generated from each of the 100 households is used to maintain the plant’s machinery. Hussain explained, “We started this project to help our villagers save money on electricity. Providing it for free is not feasible due to maintenance costs.”

The hydroelectric plant also provides power to a mill that produces flour, further benefiting the community.

Hussain is hopeful that more such mini hydroelectric plants can be developed with government support.

Source: Pro Pakistani

FIA Discovers Rs. 7 Billion in Property Tycoon’s Plaza in Rawalpindi

The Federal Investigation Agency (FIA) recently raided Burj-e-Noor Plaza on Murree Road, which is owned by property tycoon, Sheikh Iftikhar Adil. The raiding team discovered a staggering Rs. 7 billion in foreign currency, including dollars.Beneath the …

The Federal Investigation Agency (FIA) recently raided Burj-e-Noor Plaza on Murree Road, which is owned by property tycoon, Sheikh Iftikhar Adil. The raiding team discovered a staggering Rs. 7 billion in foreign currency, including dollars.

Beneath the plaza, in a hidden basement, were lockers stuffed with cash. The money trail pointed to ties with major players in the media and real estate industries. With so much cash on hand, FIA’s team struggled to count it.

Sheikh Iftikhar Adil, who also has stakes in Daily Asas and Al-Haram City, had set up his own lockers in this plaza. The FIA team, taken aback by the enormous number of high-tech lockers, had to call in reinforcements from other agencies to manage the situation.

The FIA’s Banking Circle received a tip-off about a secret treasure after gathering solid evidence of illegal activity. As a result, they raided the building and found 13 high-tech lockers filled with cash. Two people were arrested on the spot.

The team surveilled the location for a week prior to the raid. They noticed something strange about a small iron gate in the parking lot of the building’s double basement.

After knocking down some exterior walls, they made an unexpected discovery, a hidden door. Behind the door were 13 loaded lockers, and the place was also equipped with security cameras.

The situation escalated when the team attempted to seize the money. The building’s owner was not happy and argued that the money should remain where it was. The FIA team, on the other hand, refused to back down and insisted on confiscating the discovered funds.

The tension escalated, prompting the FIA to call the police for backup. They have now submitted a preliminary report to their superiors.

Source: Pro Pakistani

Govt Warns Against Use of Indian Solutions in Banking, Fintech Sectors

The Government of Pakistan has warned against the use of Indian-origin products and services by the Pakistani Industry, fintech, and banking sector.According to an advisory issued by the Government of Pakistan, the use of Indian solutions and products …

The Government of Pakistan has warned against the use of Indian-origin products and services by the Pakistani Industry, fintech, and banking sector.

According to an advisory issued by the Government of Pakistan, the use of Indian solutions and products in fintech, banking, and industry can not only lead to theft of sensitive information but can also become a source of cyber-attacks and system hacking.

According to advisory, Artificial Intelligence (AI) products and services are being used globally by various industries including the financial and banking sectors to accelerate enterprise growth. It has been learned that the fintech sector of Pakistan, including a few banks, is engaged with Indian-origin companies who are offering them IT products, cybersecurity and AI solutions, etc.

According to the advisory, the use of Indian security products and solutions in Fintech, Banking, and Industry poses a threat to critical information infrastructure (CII). Such products or solutions may contain malware that can not only steal critical data but also through technical means access control with passive monitoring capability.

The Federal Government has asked the Federal and Provincial Ministries including sectoral regulators to sensitize their affiliated setups, organizations, and licensees, on the risks involved in the use of Indian-origin products and solutions.

The advisory has asked all users to refrain from collaboration, installation, and use of Indian-origin AI/ICT products. According to the advisory, government organizations and private users should consult the Pakistan Software House Association (P@SHA) to find Pakistani technical companies for suitable economical alternatives.

Source: Pro Pakistani

Govt Decides to Regulate Precious Gems and Jewelry Sector

In a significant move aimed at harnessing Pakistan’s untapped potential in the precious stones and jewelry sector, the caretaker federal government has announced its decision to regulate the industry.Well-informed sources told ProPakistani the move inv…

In a significant move aimed at harnessing Pakistan’s untapped potential in the precious stones and jewelry sector, the caretaker federal government has announced its decision to regulate the industry.

Well-informed sources told ProPakistani the move involves the creation of a federal-level authority dedicated to overseeing the gems and jewelry sector, while provincial authorities will play a pivotal role in certification processes.

The decision, which is aimed at reshaping the industry, was initiated by the Ministry of Industries and Production. In a recent development, the ministry is scheduled to provide a briefing to the caretaker Prime Minister regarding the upcoming regulatory measures.

According to officials from the Ministry of Industries, Pakistan holds immense potential in the field of precious stones and jewelry. However, the country’s current exports in this sector are relatively modest, amounting to only a few hundred million rupees. In stark contrast, neighboring India’s gems and jewelry industry exports stand at a staggering Rs. 60 billion.

The core objective behind the regulation is to add value to Pakistan’s gems and jewelry industry through cutting-edge processes like cutting, polishing, and certification, all of which will be facilitated by modern machinery. The establishment of the regulatory authority and the certification process is expected to generate substantial revenue for the government, primarily through fees. This revenue stream will help bolster the economy, officials added.

Officials noted that these actions were decided upon after a thorough evaluation of the former government’s task force report on gems and jewelry. Furthermore, they revealed that various measures have been proposed to boost the country’s exports of precious stones and gems, indicating a promising future for the sector.

In the wake of these regulatory changes, the operations of the Pakistan Gems and Jewelry Development Company, which had been suspended since March 2019, are expected to be revitalized. Additionally, the management of Gems and Jewelry Training and Manufacturing Centers will be transferred to provincial governments, marking a decentralized approach to furthering the industry.

The federal government’s proactive stance on regulating the gems and jewelry sector is seen as a pivotal step towards unlocking Pakistan’s potential and boosting its presence in the global market.

This is a developing story, and more details are expected to emerge following the official briefing to the caretaker premier.

Source: Pro Pakistani

HEC announces undergraduate scholarships for students of GB

The Higher Education Commission has announced Undergraduate Scholarships for the students of Gilgit-Baltistan to study at top Pakistan Universities.According to the official sources, the applications have been invited from outstanding students of Gilgi…

The Higher Education Commission has announced Undergraduate Scholarships for the students of Gilgit-Baltistan to study at top Pakistan Universities.

According to the official sources, the applications have been invited from outstanding students of Gilgit-Baltistan in this regard.

The Scholarships are being offered for the academic year 2023-24 in all disciplines.

Source: Radio Pakistan

IAEA regional training course on cancer begins in Islamabad today

The second 4-day IAEA Regional Training Course will commence in Islamabad today under the aegis of the International Atomic Energy Agency in collaboration with the NORI Cancer Hospital.Title of this RTC is ‘Palliative Radiotherapy for Brain Metastases …

The second 4-day IAEA Regional Training Course will commence in Islamabad today under the aegis of the International Atomic Energy Agency in collaboration with the NORI Cancer Hospital.

Title of this RTC is ‘Palliative Radiotherapy for Brain Metastases and locally advanced Head and Neck Cancers’.

The event would cover various aspects of palliative radiotherapy for brain metastases and locally advanced head and neck cancers including different practices across the world.

Source: Radio Pakistan