Elon Musk, the CEO of Tesla and a tech billionaire, launched an offensive against an Indian battery manufacturer on Friday for allegedly stealing the brand name of an automaker for personal advantage. According to Reuters, the lawsuit was filed in New Delhi and the Indian business was operating under the name Tesla Power. According to […]
$5 billion has been replenished for the Asian Development Bank’s (ADB) Technical Assistance Special Fund (TASF) 8 and Asian Development Fund (ADF) 14 by donors and the ADB, with Pakistan being the beneficiary of the funds. In Tbilisi, Georgia, during the ADB’s 57th annual conference, the promise was made, according to a news release issued […]
The benchmark KSE-100 index gained 1272.13, or 1.8 percent, to stand at 71,929.77 points from the previous close of 70,657.64. Experts noted that the market is regaining momentum after experiencing a 3% correction over the last three days. The United States State Department Thursday had said that Washington’s support, for Pakistan’s efforts to stabilize its […]
The SBP, in a statement issued here on Thursday, informed that foreign reserves held by the central bank increased by $ 25 million to $ 8,006 million during the week under review. Meanwhile, net foreign reserves held by commercial banks were recorded $5,310 million, it added. Total liquid foreign reserves held by the country, in […]
According to sources, the LPG rates are reduced by Rs 20 taking the price from Rs 280 to Rs 260 per kilogram. It’s worth mentioning here that the LPG prices dropped earlier by Rs 20 per kilogram taking the total reduction to Rs 40 per kg in the span of a few weeks. On April […]
The SPI for the current week within the aforementioned group stands at 316.95 points, down from 320.14 points recorded in the previous week. In comparison to the corresponding week of the previous year, the SPI for the combined consumption group in the current week saw a rise of 24.37 percent. The weekly SPI, calculated with […]
The premier sacked Secretary Food Security Muhammad Asif with immediate affected and appointed Muhammad Fakhar-e-Alam as the new secretary. The Establishment Division has also issued a notification regarding the appointment of Muhammad Fakhar-e-Alam. The action followed after the premier took notice of the wheat import scandal. The initial reports on the wheat import scandal revealed […]
Today, the gold Rate in Pakistan on 3 May 2024 is currently sold for Rs. 205600 per 10 grams, and the price of Gold is RS 239800 per tola in Pakistan today. Gold Rate In Pakistan Today Karachi is the central hub of the gold market, in Pakistan, Karachi is leading for the gold price; every city […]
An IMF team is expected to arrive in Pakistan in mid-May to finalize the terms of Islamabad next bailout program under the $6–$8 billion Extended Fund Facility (EFF). According to the report, the IMF delegation will be in the nation for around two weeks, during which time it will develop the macroeconomic and fiscal policies […]
Earlier this week, Changpeng Zhao, the creator of Binance, the biggest cryptocurrency exchange in the world, was given a four-month prison sentence. The 47-year-old former CEO of a significant cryptocurrency exchange received his sentence in Seattle last year for breaking sanctions and anti-money laundering rules in the US. With a net worth of $43 billion, […]
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