In a pivotal development shaking the cryptocurrency world, Binance’s CEO Changpeng Zhao, commonly known as CZ, faces a decisive legal battle over alleged money laundering violations. The culmination of intense…
Business
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Business
State Bank of Pakistan’s Forex Reserves Surge to $8.006 Billion Boosting Investor Confidence
In a promising turn of events, the State Bank of Pakistan (SBP) reported a $25 million increase in its foreign exchange reserves, reaching $8.006 billion by April 26th. While the…
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Kia Motors, the renowned Korean automaker, has stunned the automotive market with a substantial price reduction of over Rs1.5 million for its popular model, the Kia Stonic. However, this move…
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Business
Pakistan’s Inflation Slows to 17.3% in April, Marking Lowest Rate in Nearly Two Years
by Haktaurusby HaktaurusPakistan witnessed a notable downturn in consumer price inflation, with April figures revealing a substantial drop to 17.3% from the previous year, according to data released by the statistics office…
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Business
Khunjerab Pass Reopened for Year-round Travel and Trade Between Pakistan and China
by Haktaurusby HaktaurusAfter being closed for four months, the Khunjerab Pass, a crucial border crossing between Pakistan and China, has been reopened on Monday, signaling a significant development for travel and trade…
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In a tumultuous day of trading, the Pakistan Stock Exchange (PSX) witnessed a significant drop of over 1,000 points on Wednesday, following the oath-taking of the new federal cabinet led…
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Oil prices made a notable rebound today following four consecutive days of decline. This uptick came as a result of signs indicating supply tightness, coupled with ongoing output cuts by…
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Business
Mark Zuckerberg Loses Nearly $3 Billion as Meta Suffers Global Outage
by Haktaurusby HaktaurusIn a rollercoaster day for Meta, the parent company of Facebook and Instagram, CEO Mark Zuckerberg saw his wealth plummet by a staggering $2.79 billion amidst a widespread global outage…
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Uncertainty Surrounds Long-Stalled Project Despite Previous Approvals The future of the long-awaited Gwadar power plant continues to be shrouded in uncertainty, facing yet another hurdle after the previous Shehbaz Sharif…
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Business
President Alvi Takes Strong Action Against Banking Fraud, Orders Compensation for Victims
by Haktaurusby HaktaurusPresident Dr Arif Alvi has directed two private banks to compensate victims of online scams, rejecting their representations in a landmark decision. The president, after personally hearing the cases, instructed…