Bitcoin falls to $61,393 as cryptos turn bearish for third day on October 24, 2021The cryptocurrency market remained on downward trend for the third day in a row on Saturday, with the market capitalisation shedding 2.2 percent to reach $2.67 trillion as of 1330 hours GMT. Bitcoin, the largest cryptocurrency that hit $66,976 on Wednesday last – the highest ever level – faced further correction. Bitcoin shed 3.23 percent […]
Bitcoin falls to $63,304 as cryptos extend correction on October 23, 2021The cryptocurrency market extended correction on Friday, with the market capitalisation shedding 2.3 percent to reach $2.72 trillion as of 1210 hours GMT. Bitcoin, the largest cryptocurrency that hit $66,976 earlier – the highest ever level – faced further correction. Bitcoin shed 2.04 percent to reach $63,304. With this decrease in price, the market capitalisation […]
Supply bottlenecks, labour shortages slowed US growth, says Fed on October 22, 2021Supply bottlenecks and labor shortages have slowed US economic growth and contributed to a sharp rise in prices, the Federal Reserve said on Wednesday. The constraints and shortage of goods caused “significantly elevated prices” in most areas of the country, the Fed said in its “beige book” report on economic conditions, which noted rising uncertainty […]
Bitcoin hits $64,384 as first ETF debut buoys crypto on October 21, 2021The cryptocurrency market remained bullish for the second day in a row on Wednesday, with the market capitalisation gaining 2.4 percent to reach $2.66 trillion as of 1240 hours GMT. Bitcoin, the largest cryptocurrency, consolidated gains with 3.34 percent increase in price to reach $64,384. With this increase in price, the market capitalisation of the […]
KP govt introduces reforms in E&T dept to facilitate taxpayers on October 21, 2021The Khyber Pakthunkhwa Government has introduced different reforms in excise, taxation, and narcotics control department to facilitate taxpayers and increase tax revenue besides launching ‘Zama KP’ (My KP) application for online payment of taxes. Prepared with the technical assistance of Sub National Governance Programme and Foreign and Common-Wealth Office of the British Government, the mobile […]
Shipping activity at Port Qasim on October 19, 2021Five ships namely, CMA CGM Titus, Al-Berta, Diva, Pacific Nafsika carrying containers, wheat, phosphoric acid, mogas and natural gas, arrived at Port Qasim on Sunday, were berthed at Container Terminal, Grain Terminal, Chemicals Terminal, Oil Terminal and Elengy Terminal respectively. Meanwhile, two more shipments of palm oil and Coal also arrived at the outer anchorage […]
Asian markets rally as earnings temper inflation, taper worries on October 16, 2021Asian markets extended a global rally on Friday on optimism for corporate earnings after a strong start to the reporting season, while traders cheered better-than-expected data indicating the US recovery remains on track despite inflation concerns and the imminent end to cheap cash. Central banks around the world are preparing to — or in some […]
Gold price jumps to Rs99,000 per 10gm on October 15, 2021Gold price consolidated previous day’s gains by over 0.35 percent on Thursday due to weaker dollar on further rise in US inflation and unclear situation regarding the start of tapering stimulus, which markets widely expected to begin in November/December. Gold in the international market was available at $1,800 per ounce after gaining $6.20 at 1130 […]
Brent, WTI trade above $80 for third day on October 14, 2021Crude oil prices went down on Wednesday amid global growth concerns in the face of surging prices for coal and gas, which are set to stoke inflation, reducing oil demand; however, both crude benchmarks traded above $80 per barrel for the third straight day. At 1145 hours GMT, Brent, the international benchmark for two-thirds of […]
PM’s aide for attracting quality investments in Rashakai SEZ on October 14, 2021Special Assistant to Prime Minister (SAPM) on China Pakistan Economic Corridor (CPEC) Khalid Mansoor on Wednesday directed developers in Rashakai Special Economic Zone to make a marketing plan to attract quality investments in the zone. During his visit to Rashakai Special Economic Zone (SEZ) today the SAPM reviewed the progress of development of the zone, […]