The board of directors at Twitter has unanimously “endorsed that shareholders approve the proposed $44 billion sale of the company to Elon Musk”, CNET reported, citing the US Securities and Exchange Commission (SEC). The bid was put forward in April by the billionaire. He had expressed his desire to move forward with the deal with مزید پڑھیں

PTI leader and former finance minister Shaukat Tarin said on Wednesday that a potential deal with the International Monetary Fund (IMF) for the revival of the extended fund facility (EFF) was still weeks away as he lashed out at the current coalition government for its economic policies. Speaking to the media in Islamabad, Tarin said: مزید پڑھیں

The US dollar continued to set new records on Tuesday as it rose to Rs212 against the local currency during early morning trade in the interbank market. According to the Forex Association of Pakistan (FAP), the rupee depreciated by over Rs2 to reach an all-time low of Rs212 against the dollar from Monday’s close of مزید پڑھیں

The cryptocurrency industry was on edge on Monday morning as investors feared contagion from problems at major crypto players could unleash a major shakeout if not contained. Bitcoin which has lost 57 per cent so far this year and 37pc this month, fell below $20,000 over the weekend for the first time since December 2020. مزید پڑھیں

Finance Minister Miftah Ismail has expressed hope that the government would reach an agreement with the International Monetary Fund (IMF) to revive the stalled $6 billion programme within “a day or two”. He made the remarks while speaking to reporters at the Parliament House in Islamabad on Monday. Responding to a question, Miftah said the مزید پڑھیں

The US dollar continued its upward march on Monday as it rose above Rs210 against the local currency during early morning trade in the interbank market. According to the Forex Association of Pakistan (FAP), the rupee depreciated sharply by Rs2.55 to hit an all-time low of Rs210.3 against the dollar from Friday’s close of Rs207.75. مزید پڑھیں

Oil prices tumbled about 6% to a four-week low on Friday on worries that interest rate hikes by major central banks could slow the global economy and cut demand for energy. Also pressuring prices, the US dollar this week rose to its highest level since December 2002 against a basket of currencies, making oil more مزید پڑھیں

Bitcoin dropped below $20,000 on Saturday to its lowest level in 18 months, extending its slide as investors pull back from riskier assets amid rising interest rates. The biggest cryptocurrency was down 7.1 per cent to $18,993 at 0906 GMT, having earlier touched $18,732, its lowest since December 2020. It is down about 59pc this مزید پڑھیں

The energy regulator has app­roved an increase of Rs1.55 per unit (kilowatt-hour) in rates of power distribution companies under the quarterly tariff adjustment mechanism for September-December 2021 to generate Rs39 billion revenue. The National Electric Power Regulatory Authority said it had already conducted a public hearing on the matter on April 28. The hike will مزید پڑھیں

The US dollar continued to extend gains on Friday as it crossed Rs208 during early morning trade in the interbank market — a trend analysts attribute to a delay in the deal with International Monetary Fund (IMF) and the rapidly depleting foreign exchange reserves. According to the Forex Association of Pakistan (FAP), the greenback appreciated مزید پڑھیں