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Bitcoin surpasses $41,000 mark – a record jump since April 2022
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[ad_1] A visual representation of the digital cryptocurrency Bitcoin. — AFP Financial markets saw a crazy ride on Monday. Gold made a dramatic swing after hitting a record high above $2,100 per ounce, while stocks and bonds fell. In contrast, Bitcoin held its ground in the realm of digital assets, surpassing $41,000 for the first…
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Gold surges to record highs before pulling back
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[ad_1] A trader displays gold bangles at a jeweller shop in this undated photo. — AFP file Gold prices increased dramatically on Monday, surging beyond expectations to reach an all-time high of $2,135.39 per ounce, beating the previous record of August 2020. The precious metal’s climb was rapid, leaping by more than 3% in Asian…
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PSX hits another record, crosses 58,000 barrier | The Express Tribune
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[ad_1] The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Wednesday, gaining 827.17 points, a positive change of 1.44 per cent, closing at 58,198.76 points against 57,371.59 points the previous trading day. A total of 596,217,827 shares valuing Rs22.054 billion were traded during the day as compared to 1,012,258,472 shares valuing…
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In a first, Iconic 1962 Ferrari fetches record $51.7m at auction
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[ad_1] Iconic 1962 Ferrari. — Sotheby’s An iconic 1962 Ferrari was auctioned for a record $51.7 million (£42 million) in New York, making it the most expensive Ferrari ever sold at an auction, Sky News reported. The jet red 330 LM/250 GTO model is now the most costly Ferrari and the second highest-priced vehicle to be…
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Rupee appreciates for record 27 days in a row | The Express Tribune
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[ad_1] KARACHI: Pakistani currency, which began its ascend with the crackdown on smugglers and gradual economic recovery, on Friday created history by maintaining its winning streak for 27 consecutive working days for the first time in three years. It hit over three-month high below Rs278 against the US dollar in inter-bank market. Talking to The…
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Interim govt increases petrol, diesel prices to record high
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[ad_1] Petrol prices surged to Rs331.38 per litre. — AFP/File In view of the increasing trend of petroleum prices in the international market, the caretaker government on Friday hiked the petrol prices by more than Rs26 and diesel by over Rs17 per litre for the next fortnight. The Finance Division said that the price of…
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No respite for masses as petrol price soars to record Rs305 per litre
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[ad_1] A worker at a petrol station changing the price of petroleum products in this undated picture. — AFP/File It seems there will be no respite for the inflation-stricken masses as they battle high electricity bills, the Finance Ministry late Thursday increased the petrol and diesel prices by over Rs14. The Finance Division said the…
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SBP maintains record high policy rate | The Express Tribune
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[ad_1] KARACHI: The State Bank of Pakistan (SBP) has announced its decision to keep the benchmark policy rate unchanged at a record high of 22% for the next six weeks, as it projects a moderate economic growth range of 2-3% for the current fiscal year 2024. SBP Governor Jameel Ahmad, speaking at a press conference…
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SBP increases interest rate to record high in emergency huddle
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[ad_1] An undated picture of the State Bank of Pakistan’s building. — AFP/File The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) on Monday raised the policy rate by 100bps to a record high of 22% in an emergency meeting as it expects an increase in inflation due to the raising of taxes and…
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Pakistan’s CPI inflation spikes to record high on runaway food prices
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[ad_1] An undated image of consumers buying fresh vegetables from a local market. — AFP/File The consumer price index (CPI) based inflation in Pakistan surged to a record 38% on a year-on-year (YoY) basis in May 2023, the highest since July 1965, largely fired up by runaway food prices that continue to defy curbs. Pakistan…
