Tribune
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Bitcoin falls after crypto lender holds withdrawals | The Express Tribune
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[ad_1] LONDON: Bitcoin slumped 14% on Monday after major US cryptocurrency lending company Celsius Network froze withdrawals and transfers citing “extreme” conditions, in the latest sign of the financial market downturn hitting the crypto sphere. The Celsius move triggered a…
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PM intervenes to save Karachi from more outages | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister Shehbaz Sharif has stepped in to save Karachi from the looming load-shedding. Cabinet members asked PM Sharif in a recent meeting to resolve a payment dispute between Sui Southern Gas Company (SSGC) and K-Electric, which may…
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Rupee dips to new low on delay in IMF programme | The Express Tribune
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[ad_1] KARACHI: Pakistani currency maintained its journey towards south, as it lost another 0.74% (or Rs1.51) and touched a new all-time low at Rs203.38 against the US dollar in the inter-bank market on Monday due to renewed uncertainty about the…
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Auto sector records 46% growth | The Express Tribune
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[ad_1] KARACHI: Despite high car prices, Pakistan’s auto sector recorded a growth of 46% to about 27,000 units in May 2022 compared to the corresponding month of last year. Car sales, including sales of non-PAMA (Pakistan Automotive Manufacturers Association), came…
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Tax relief of billions for bourse | The Express Tribune
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[ad_1] ISLAMABAD: The government has given billions of rupees in income tax relief to the stock market by lowering the capital gains tax rates on sale of shares after holding them for two years and has completely abolished the tax…
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Govt mulls doubling toll tax on motorways | The Express Tribune
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[ad_1] ISLAMABAD: The federal government is considering collecting double toll tax on motorways used by single-driver cars to mitigate the energy crisis and the impact of higher fuel prices. It is also mulling over a plan under which vehicles may…
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Indian rupee hits record low on rate hike worries | The Express Tribune
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[ad_1] MUMBAI: The Indian rupee plunged to a record low against the dollar on Monday, ahead of an expected US interest rate hike this week, aimed at fighting surging inflation. The rupee hit 78.2825 per dollar for the first time…
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Governor encourages soybean production | The Express Tribune
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[ad_1] LAHORE: Punjab Governor Muhammad Balighur Rehman has encouraged local soybean production to reduce the increasing import costs in a recent meeting with Professor Dr Athar Mahboob, Vice Chancellor of the Islamia University of Bahawalpur (IUB) and Muhammad Ali Raza,…
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External borrowing funds economic growth | The Express Tribune
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[ad_1] ISLAMABAD: Economic Advisory Group Chairman Javed Hassan, while questioning the credibility of the new budget, has pointed out that most of the economic growth will be funded through external borrowing. “Budget was announced during negotiations with the IMF (International…
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Bitcoin slumps below $23,000 in crypto crash | The Express Tribune
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[ad_1] Bitcoin tumbled on Monday to an 18-month low under $23,000 in a broad cryptocurrency crash, as investors shunned risky assets in the face of a vicious global markets selloff, just seven months after the virtual unit surged to a…
