Govt releases Rs4,133.128m for IT projects on December 3, 2021The government has so far released funds amounting to Rs4,133.128 million during the current fiscal year to execute the Information Technology and Telecommunication projects under the Public Sector Development Programme (PSDP 2021-22). The federal government has allocated 9,361.06 million for the ongoing and new schemes of the Information Technology and Telecom Division in the public […]
Bitcoin jumps to $58,308 as cryptos rally for second day on December 1, 2021The cryptocurrency market rallied for the second day in a row on Tuesday, with the market capitalisation gaining 3.5 percent to reach $2.79 trillion as of 1400 hours GMT. The largest cryptocurrency Bitcoin price surged by 1.77 percent to reach $58,308. With this increase in price, the market capitalisation of the biggest cryptocurrency has reached […]
Gold price slips to Rs101,000 per 10g on December 1, 2021Gold staged a decent comeback on Tuesday, gaining over half a percent amid revival of the omicron Covid variant fears. Gold in the international market was available at $1,795.50 per ounce after gaining $10 at 1420 hours GMT. Meanwhile, the price of 10 grams of yellow metal in Pakistan decreased to Rs101,000 after shedding Rs300. […]
Bitcoin slips to $54,413 as bears grip cryptos tightly on November 29, 2021The cryptocurrency market witnessed a bearish trend on Sunday, with the market capitalisation shedding 2 percent to reach $2.58 trillion as of 1505 hours GMT. The largest cryptocurrency Bitcoin slipped 0.61 percent to reach $54,413. With this decrease in price, the market capitalisation of the biggest cryptocurrency has reached 1.03 trillion. Ether, the world’s second-largest […]
Stocks sink, oil tanks as new virus variant sparks fears on November 28, 2021Stock markets and oil prices plunged on Friday over fears of a new coronavirus variant that scientists warn could be more infectious than the Delta strain and more resistant to vaccines, potentially dealing a heavy blow to the global economic recovery. The Dow saw its worst drop of the year as Wall Street indices plunged […]
Bitcoin surges to $55,108 as cryptos bounce back on November 28, 2021The cryptocurrency market bounced back on Saturday, with the market capitalisation gaining 2.9 percent to reach $2.64 trillion as of 1350 hours GMT. The largest cryptocurrency Bitcoin gained 1.31 percent to reach $55,108. With this increase in price, the market capitalisation of the biggest cryptocurrency has reached 1.04 trillion. Ether, the world’s second-largest cryptocurrency by […]
Telecom Italia CEO resigns after KKR buyout bid: report on November 28, 2021Telecom Italia Chief Executive Luigi Gubitosi has resigned, news reports said on Friday, amid increasing pressure on the top management by shareholders, including France’s Vivendi. The departure of Gubitosi, who has been at the helm of the struggling telecom company since May 2018, comes in the wake of a nearly 11 billion euro buy-out offer […]
Bitcoin drops to $53,721 as cryptos tank on November 27, 2021The cryptocurrency market plunged on Thursday, with the market capitalisation shedding 7.7 percent to reach $2.55 trillion as of 1210 hours GMT. The largest cryptocurrency Bitcoin tanked by 7.59 percent to reach $53,721. With this decrease in price, the market capitalisation of the biggest cryptocurrency has reached 1.01 trillion. Ether, the world’s second-largest cryptocurrency by […]
Bitcoin jumps to $58,728 as cryptos extend gains on November 26, 2021The cryptocurrency market continued the positive momentum for the second day in a row on Thursday, with the market capitalisation gaining 2.9 percent to reach $2.78 trillion as of 1300 hours GMT. The largest cryptocurrency Bitcoin edged up by 3.95 percent to reach $58,728. With this increase in price, the market capitalisation of the biggest […]
Crude oil prices take feet off the pedal after rallying on November 25, 2021Global crude oil prices edged lower on Wednesday after gaining around 2.3 percent in the last session. At 1040 hours GMT, Brent, the international benchmark for two-thirds of the world’s oil, shed $0.10 (-0.12 percent) to reach $82.21 a barrel. Similarly, the US West Texas Intermediate (WTI) price reached $78.45 a barrel, down by $0.05 […]