G7 considering ways of capping Russian oil price on June 27, 2022Leaders of the Group of Seven rich democracies are having “very constructive” discussions on a possible cap on Russian oil imports, a German government official said on Saturday shortly before the start of the annual three-day G7 summit. The proposal is part of broader G7 discussions on how to further crank up the pressure on […]
Rs75 banknote being circulated on social media is fake: SBP on June 26, 2022The State Bank of Pakistan (SBP) on Saturday said that the design of an Rs75 banknote being circulated on social media is fake. Taking to the Twitter handle, the central bank clarified that the design circulating on various social media platforms regarding a commemorative banknote to be issued on the 75th Independence Day of Pakistan […]
Bitcoin heading to zero, says China state media amid global crypto downturn on June 26, 2022As cryptocurrencies reel under the global downturn, Chinese state-run newspaper Economic Daily has warned investors that the price of leading cryptocurrency Bitcoin is “heading to zero”. The warning came as the cryptocurrency market continued to face meltdown with Bitcoin hovering around $21,000 per digital coin on Saturday — a substantial drop from its record high […]
WTI trendline breakout spells trouble as retail traders buy on June 26, 2022WTI crude oil prices fell this past week, extending losses since the beginning of this month amid rising recession woes. In fact, the commodity confirmed a breakout under a rising trendline from December, opening the door to extending losses in the sessions ahead. However, prices did leave behind a bullish Morning Star candlestick pattern. A […]
Rupee sheds 24 paisas against US dollar on June 25, 2022Exchange rate of Pak Rupee weakened by 24 paisas against the US Dollar in the interbank trading on Friday and closed at Rs207.47 against the previous day’s closing of Rs207.23. According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded at Rs206.5 and Rs209.5 […]
Gold price increases by Rs900 to Rs141,600 per tola on June 25, 2022The price of 24 karat per tola gold witnessed an increase of Rs900 per tola and was sold at Rs141,600 on Friday against its sale at Rs140,700; the previous day in the local market. The price of 10-gram 24 karat fold also increased by Rs772 and was sold at Rs121,400 against its sale at Rs120,628 […]
Bitcoin tests $21k as ripple explodes 14pc in 24 hours on June 25, 2022After last week’s massive correction, which culminated in an 18-month low at $17,500 on Sunday, the bulls have been trying to recover some of BTC’s lost ground. This resulted in a jump to $21,500 a few days ago. However, bitcoin failed there and even dipped below $20,000 after Jerome Powell – the Chairman of the […]
Gold price decreases by Rs4600 to Rs140,700 per tola on June 24, 2022The price of 24 karat per tola gold witnessed a decrease of Rs4600 per tola and was sold at Rs140,700 on Thursday against its sale at Rs145,300the previous day in the local market. The price of 10-gram 24 karat fold also decreased by Rs3943 and was sold at Rs.120,628 against its sale at Rs124,571 whereas […]
PSX gains 258 points, closing at 42,716 points on June 24, 2022The KSE 100-index of the Pakistan Stock Exchange (PSX) on Thursday witnessed bullish trend, gaining 258.83 points, a positive change of 0.61pc, closing at 42,716.97 points against 42,458.14 points on the last working day. A total of 349,488,911 shares were traded during the day compared to the trade of 266,090,670 shares the previous day, whereas […]
Rupee rebounds on positive news of Chinese loan, IMF programme on June 24, 2022Exchange rate of Pak Rupee rebounded on Thursday in the wake of good news of loan from China and a possible deal with the International Monetary Fund (IMF) as the PKR recovered Rs4.70 against the US Dollar in the interbank trading and closed at Rs207.23 against the previous day’s closing of Rs211.93. According to the […]