Business News
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Here’s how Indian billionaire Gautam Adani’s alleged bribery scheme took off, unravelled
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[ad_1] Indian billionaire Gautam Adani speaks during an inauguration ceremony after the Adani Group completed the purchase of Haifa Port earlier in January 2023, in Haifa port, Israel, January 31, 2023. — Reuters NEW YORK: A renewable energy company owned by Indian billionaire Gautam Adani won what it called the single largest solar development bid…
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Bitcoin nears $100,000
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[ad_1] A bitcoin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. — Reuters Bitcoin neared a historic milestone on Thursday, approaching the $100,000 mark for the first time following the election of Republican Donald Trump as the 47th president of the United States. This political…
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PSX crosses 98,000 as market momentum continues
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[ad_1] A stock broker looks at a computer during a trading session at the Pakistan Stock Exchange (PSX) in Karachi on July 31, 2023. — AFP The Pakistan Stock Exchange (PSX) surged over 1,000 points on Friday, fuelled by a strong macroeconomic outlook, continuing its record-breaking streak. The benchmark KSE-100 index gained 1,060.06 points, or…
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Modest gains at PSX as profit-taking drags index from 99,600 peak
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[ad_1] A stock broker looks at a computer during a trading session at the Pakistan Stock Exchange (PSX) in Karachi on July 31, 2023. — AFP Stocks on Friday went into hyperdrive rocketing past 99,600 level but a late profit-taking rampage pared the early gains with banking sector coming to rescue the index from slipping…
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Khurram Schehzad appointed adviser to finance minister
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[ad_1] Seasoned investment banker Khurram Schehzad. — Linkedin/@khurramschehzad Veteran investment banker Khurram Schehzad has been named adviser to Finance Minister Mohammad Aurangzeb on financial reforms, as the government ramps up efforts to drive transformative changes across key economic sectors, aiming to set the country on a trajectory of sustainable growth. “The prime minister has been…
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Optimism over Trump’s crypto plans pushes Bitcoin beyond $96,000
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[ad_1] Physical representations of bitcoin are seen in this illustration taken on October 24, 2023. — Reuters SINGAPORE: Bitcoin’s march toward $100,000 made further ground on Thursday as investors bet a friendlier US regulatory approach to cryptocurrencies under President-elect Donald Trump will unleash a boom era for the asset class. Bitcoin prices topped $96,000 for…
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Intraday: PSX surges past 97,000, defying political frets on outlook bets
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[ad_1] A stock broker watches share prices during a trading session at the PSX in Karachi on July 31, 2023. — AFP On Thursday, the capital market achieved an unprecedented milestone, crossing the 97,000 mark for the first time, as investors brushed aside concerns over political uncertainty stemming from the main opposition party’s “do-or-die” protest…
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Intraday: Data-driven rally pushes PSX past 96,700 points’ mark
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[ad_1] A stock broker looks at a computer during a trading session at the Pakistan Stock Exchange (PSX) in Karachi on July 31, 2023. — AFP Stocks on Wednesday roared to a new high shortly after the opening bell, with the rally fueled by strong fundamentals and improved fiscal projections remaining in full swing, despite…
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Bitcoin breaches $94,000 to reach record high value
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[ad_1] A representational image showing bitcoin logo on coins in the backdrop of dollar nbtes. — AFP/File Bitcoin, the world’s biggest and widely known cryptocurrency, on Wednesday surpassed the $94,000-mark amid a report claiming that US President-elect Donald Trump’s social media company was in talks to buy crypto trading firm Bakkt which added to hopes of…
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$500mn ADB loan deal struck to strengthen Pakistan’s climate resilience
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[ad_1] Secretary of the Ministry of Economic Affairs, Dr Kazim Niaz and ADB Country Director, Ms Emma Fan signing the loan agreement during a ceremony attended by senior government and ADB officials on Tuesday. —APP ISLAMABAD: Pakistan on Tuesday secured a $500 million loan from the Asian Development Bank (ADB) for the Climate and Disaster…
