Interest free loans for meritorious students on cards on August 21, 2021The Apex Committee for Student Loan Scheme having representation from State Bank of Pakistan, Finance Division (Government of Pakistan) and five major banks (NBP, HBL, UBL, ABL and MCB Bank) have approved Rs82.6 million as interest-free loans for deserving students to complete their studies within Pakistan. The amount, approved by Apex Committee, will be disbursed […]
Asian markets mixed as Delta, Fed, China jolt recovery rally on August 21, 2021Equity markets were mixed in Asian trade on Friday with fears over the fast-spreading Delta variant, the Federal Reserve’s taper plans and China’s ongoing regulatory crackdown taking the wind out of the sails of the global recovery rally. Investors have for more than a year sent valuations surging on the back of colossal government and […]
Tokyo shares turn lower after Wall Street falls on August 19, 2021Tokyo’s benchmark Nikkei index moved lower in early trade on Wednesday after Wall Street shares slipped and with Japan struggling to control a surge in virus cases. The Nikkei 225 index gave up gains and slipped 0.08 percent, or 22.24 points, to 27,402.23 while the broader Topix index also edged down 0.03 percent, or 0.49 […]
Crypto market plummets below $2tn cap; Bitcoin drops to $44,743 on August 19, 2021The cryptocurrency market turned bearish on Wednesday, with the market capitalisation decreasing by 6.2 percent to fall below the $2 trillion mark to $1.96 trillion as of 1220 hours GMT. The price of Bitcoin (BTC), the largest cryptocurrency, reached $44,743 after shedding 4.73 percent. With this decrease in price, the market capitalisation of the BTC […]
Farmers seek govt support against sugar mills on August 16, 2021Farmers have sought government support against exploitation by sugar mill owners. In a joint press conference, held at the Press Club here on Sunday, President Pakistan Kissan Ittehad (PKI) Khalid Khokhar, Chairman Pakistan Kissan Foundation (PKF) Mehmood Bukhari, senior farmer leader Chaudhry Mansha Sandhu and other leaders said that sugar mill owners were badly exploiting […]
Fewer US children face hunger due to tax credit: data on August 15, 2021Child tax credit payments pushed by President Joe Biden to alleviate hardship amid the pandemic had an immediate impact in reducing the number of children facing hunger, according to government data. The Treasury Department announced Friday that the second round of payments of more than $15 billion were paid to families with about 61 million […]
Gold jumps to Rs94,000 per 10gm on August 15, 2021Gold prices jumped by around 1.40 percent in the international market to close the week on a positive note as the University of Michigan’s Consumer Sentiment Index slumped to its lowest level in nearly a decade at 70.2 in August. Gold in the international market was available at $1,780.60 per ounce after gaining $25.70 as […]
PSX continues with bullish trend, gains 241 points on August 12, 2021The KSE 100-index of the Pakistan Stock Exchange (PSX) continued with a bullish trend on Wednesday, gaining 241.90 points, with a positive change of 0.51 per cent, closing at 47,377.38 points against 47,135.48 points on the previous working day. A total of 382,644,494 shares were traded during the day compared to the trade of 370,038,860 […]
Singapore lifts GDP forecast as export markets pick up strength on August 12, 2021Singapore on Wednesday upgraded its growth forecast for this year as the trade-reliant economy’s key export markets pick up strength thanks to rapid coronavirus vaccine rollouts. The prosperous city-state, one of the world’s most open economies, suffered its worst ever recession last year as it was hammered by the pandemic. But stronger overseas demand is […]
US stocks retreat from records amid Covid-19 worries on August 11, 2021Major US stock indices retreated from records on Monday as investors weighed progress on US infrastructure legislation against concerns about the latest Covid-19 wave. Markets greeted news that President Joe Biden’s $1.2 trillion infrastructure package cleared a key senate procedural vote, setting the stage for the bill to pass the chamber on Tuesday. Offsetting that […]