KARACHI: Pakistan Stock Exchange (PSX) on Monday came under downward pressure from selling of selective stocks and the benchmark KSE-100 index registered a marginal decline of nearly 40 points. The weakening of global equities and growing apprehensions about economic uncertainty in Pakistan drove the stock market down, after wiping out all the earlier gains. In the morning, the bourse beg
Bitcoin hit a record high on Monday above $71,000, as the surge in the biggest cryptocurrency showed no signs of slowing down. Britain’s financial watchdog on Monday became the latest regulator to pave the way for digital asset trading products after saying on Monday it will now permit recognised investment exchanges to launch crypto-backed exchange-traded notes. Bitcoin rose by as much as 4.8%
The shift towards electricity generation through solar energy is becoming a rising trend in Pakistan, driven by the soaring prices of electricity, which domestic, commercial and industrial users are paying through different distribution companies, haunting the public at large. Though the trend of installing solar panels by households is not new, many owners previously tended towards this cheap
ISLAMABAD: The federal government has made amendments to the law for transferring the licence fee, renewal fee and spectrum auction proceeds received from telecom operators working in Azad Jammu and Kashmir (AJK) to the regional government. So far, the fee and proceeds got from the licensees have been parked in Pakistan Telecommunication Authority (PTA) as an agent of the AJK Council. Now, the
KARACHI: The stabilising Pakistani currency ticked down Rs0.04 and closed slightly below Friday’s four-and-a-half-month high at Rs279.08 against the US dollar in the inter-bank market on Monday. The currency recorded the nominal drop after Pakistan’s central bank reported that its foreign exchange reserves further decreased $54 million to $7.89 billion in the week ended March 1, 2024. It ind