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Bitcoin hits record above $71,000 as demand frenzy intensifies | The Express Tribune
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[ad_1] LONDON: Bitcoin hit a record high on Monday above $71,000, as the surge in the biggest cryptocurrency showed no signs of slowing down. Britain’s financial watchdog on Monday became the latest regulator to pave the way for digital asset trading products after saying on Monday it will now permit recognised investment exchanges to launch…
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Bank financing hits record high | The Express Tribune
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[ad_1] design: mohsin alam KARACHI: Pakistan’s commercial banks have continued to freely lend to the cash-strapped government at elevated rates of return, taking their financing to a record high of 93% of total deposits in January 2024. According to data compiled and shared by Optimus Capital Management (OCM), banks’ credit to the private sector, however,…
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Debt burden surges to record high of Rs81.2 trillion | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s total debt and liabilities have peaked at Rs81.2 trillion – a figure that grew at a faster pace of over 27% during the past year, posing emergent management challenges to the newly elected government. The bulletin released by the State Bank of Pakistan (SBP) on Monday showed that the country’s total debt…
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NEPRA mulls record Rs5.62/unit hike in electricity prices | The Express Tribune
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[ad_1] ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has deferred its decision regarding the request from power distribution companies (DISCOs) to raise the electricity price by Rs5.6194 per unit, citing fuel charges adjustment (FCA) for December 2023. Earlier, the Central Power Purchasing Agency (CPPA), at the behest of DISCOs, submitted an application to NEPRA…
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Valentines Day spending expected to reach record high in US
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[ad_1] A couple holding a gift. — Pixabay Valentine’s Day is a day of love when couples express their affection towards each other with greetings and presents. It is annually celebrated on February 14. Couples celebrate the day with the utmost happiness, while single people spend it cooped up in a corner. If you’re one…
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China expects fresh consumption record with 9b trips in world’s largest migration
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[ad_1] Travelers at the Hongqiao Railway Station ahead of Lunar New Year in Shanghai, on Jan. 23. — Bloomberg China is anticipating a fresh consumption record as it braces for the world’s largest annual human migration. The upcoming Spring Festival travel rush, known as chunyun, is set to witness a staggering 9 billion passenger trips,…
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Job layoffs reached record 98% compared to last year in the US: report
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[ad_1] Image of an employee walking out after receiving a resignation letter. — Pixabay In 2023, the number of layoffs in the US surged to almost 98% as compared to last year. The New York Post reported citing the research findings published earlier this month in the Challenger, Gray & Christmas report, that companies planned…
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‘Turkey’s intl debt sales could hit record in 2024’ | The Express Tribune
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[ad_1] LONDON: Turkey’s pivot back to orthodox fiscal policies could pay off with record debt issuance and the continued return of foreign investors in 2024, JPMorgan Managing Director Stefan Weiler told Reuters. International investors had fled Turkey amid years of low interest rates, despite soaring inflation, as well as a complex web of financial regulations…
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Investment in govt debt hits record | The Express Tribune
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[ad_1] KARACHI: The parking of bank deposits in the safe-haven government debt securities hit a new high at 92% in November 2023, leaving very little financing for the private sector, which has remained the engine of economic growth. According to State Bank of Pakistan’s (SBP) latest data on commercial bank deposits, investments and advances, the…
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Sindh digitises all land record, offers online services | The Express Tribune
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[ad_1] KARACHI: The government of Sindh has digitised all land record and maps of all estates of SITE Limited and Sindh Small Industries Corporation all over the province including Karachi, Nooriabad, Hyderabad, Kotri and Sukkur and now all services including no-objection certificates, permissions and transfers will be available online. Caretaker Minister for Revenue, Industries and…
