The US dollar continued to rise against the rupee on Wednesday — a trend experts largely attribute to the country’s growing current account deficit — reaching a record high of Rs173.50 after appreciating by 55 paisas in interbank trade. According to the Forex Association of Pakistan (AFP), the buying rate of the greenback was recorded مزید پڑھیں

Pakistan’s negotiations with the International Monetary Fund (IMF) are moving forward in a positive manner, says State Bank of Pakistan (SBP) Governor Reza Baqir.He was speaking on Tuesday to overseas Pakistanis at an event in London, where he has been for the last four days. Baqir’s statement came shortly after IMF Director of the Middle مزید پڑھیں

Bitcoin hit a six-month high and was within striking distance of a record on Tuesday as traders bet an anticipated listing of a futures-based US exchange traded fund (ETF) could herald investment flows into bitcoin and cryptocurrency assets. Bitcoin, the world’s biggest cryptocurrency by market value, rose as far as 1.5 per cent during the مزید پڑھیں

The US dollar continued to soar against the Pakistani rupee, reaching a new historic high in the inter-bank market on Monday. The Pakistani rupee continued to weaken, shedding an additional Rs1.60 against the US dollar, which closed at Rs172.78 in the inter-bank market. With a fresh decline of 0.93%, the rupee has depreciated 9.67% (or مزید پڑھیں

Bitcoin breached the $60,000 mark for the first time since April on growing optimism that American regulators will greenlight the first US futures exchange-traded fund for the cryptocurrency. The digital currency was up more than 40 percent from a month ago, reaching $62,253 at 2050 GMT, according to Bloomberg News data, which reported that the مزید پڑھیں

A work by British street artist Banksy that sensationally self-shredded just after it sold at auction three years ago fetched almost 18.6 million pounds ($25.4 million) on Thursday — a record for the artist, and close to 20 times its pre-shredded price. “Love is in the Bin” was offered by Sotheby’s in London, with a مزید پڑھیں

Finance Minister Shaukat Tarin has said that the latest increase in petroleum prices is not linked to Pakistan’s talks with the International Monetary Fund (IMF) for the resumption of a loan facility. “A steep increase in gas prices in the international markets forced the government to take this step,” Mr Tarin said while addressing a مزید پڑھیں

The PTI-led government has announced a massive price hike in petroleum products, increasing the per litre cost of petrol by Rs10.49 and high-speed diesel by Rs12.44 for the next fortnight. The increase in POL products was notified a day after the government hiked power tariff by Rs1.39 per unit which would come into effect from مزید پڑھیں

Oil and Gas Regulatory Authority (OGRA) has recommended Rs 5.90 per litre increase in the price of petrol. The authority forwarded a summary to the Petroleum Division in which it suggested increasing the price of petrol by Rs5 per litre from October 16. It also recommended an increase of Rs10 per litre in the price مزید پڑھیں

Federal Finance Minister Shaukat Tarin said that the government has no plan to hike the power tariff immediately. In his interaction with American think tank, US Institute of Peace in Washington, the finance minister said that before increasing the electricity tariff, the government will take measures to contain inflation in the country. The Pakistan government مزید پڑھیں