Bitcoin fell sharply on Monday after surging to a record $58,354 a day earlier, as a selloff in global equities curbed risk appetite. The most popular cryptocurrency rallied over the weekend to record levels, almost doubling year-to-date. It hit a market capitalisation of $1 trillion on Friday. Bitcoin’s gains have been fueled by signs it مزید پڑھیں

The buying rate of the US dollar was Rs159, while its selling rate was Rs159.7 on Monday, February 22 in the open market With increased inflows from the Pakistani diaspora to the Roshan Digital Account (RDA) and export proceeds, the Pakistani rupee is expected to remain firm this week However, a declining trend in foreign مزید پڑھیں

Billionaire CEO Elon Musk said on Saturday the price of bitcoin and ethereum seemed high, at a time when the cryptocurrencies have hit record highs, with bitcoin crossing the $1 trillion market-capitalization threshold. The chief executive of Tesla Inc, whose recent tweets have fueled the digital-currency rally, made the remark on Twitter while replying to مزید پڑھیں

Chinese bike assemblers have raised prices by Rs2,000-3,000 citing costly raw material on world markets. DS Motors has informed its dealers about increase of Rs2,500 on two models of Unique 70cc from Feb 20, attributing a hike in steel prices while Memon Motors came out with a price hike of Rs2,000-3,000 on Super Star 70-100cc مزید پڑھیں

Pakistan has reached an agreement with the International Monetary Fund for a package of measures that would release $500 million to the country, a statement on Tuesday by the global lending body said. This will occur following the second to fifth reviews of the authorities’ economic reform programme supported by the IMF Extended Fund Facility مزید پڑھیں

The buying rate of the US dollar was Rs158.8, while its selling rate was Rs159.4 on Tuesday, February 16 During Monday’s trading session the rupee fell, snapping a five-session winning streak, as a sudden increase in importers’ dollar demand weighed down the domestic currency, dealers said. In the open market, the rupee closed lower at مزید پڑھیں

Billionaire Elon Musk said on Sunday that he supports major holders of the meme-based digital currency dogecoin selling most of their coins, adding that he felt too much concentration in dogecoin was the “real issue”. “If major Dogecoin holders sell most of their coins, it will get my full support. Too much concentration is the مزید پڑھیں

Prime Minister Imran Khan on Monday rejected the Oil and Gas Regulatory Authority’s (OGRA) recommendation to hike the price of petroleum products. OGRA had forwarded a summary to the prime minister a few days ago, seeking an increase of Rs14.07 per litre in the price of petrol and Rs13.61 per litre in the price of مزید پڑھیں

Prime Minister Imran Khan thanked on Monday the overseas Pakistanis once again for ensuring that the country recorded remittances over $2 billion for the eighth consecutive month “Remittances from overseas Pakistanis were $2.27 bn in January, up 19% over Jan 2020 — 8th consecutive month of remittances above $2b,” said PM Khan minutes after the مزید پڑھیں

Bitcoin hit a new record high and approached $50,000 on Sunday, building on its record rally as Wall Street and Main Street increasingly adopt the world’s biggest cryptocurrency. Bitcoin recently stood at $48,800 on Sunday morning, up 3.2%. It had traded as high as $49,714 earlier in the day. The cryptocurrency is up around 70% مزید پڑھیں