A punishing bitcoin selloff that has erased more than half of the pioneering crypto’s value saw a wild swing Thursday evening, with its price falling more than 5% at one point.
The crypto was supposed to be a hedge against currency debasement. Instead, it is trading like just another speculative tech stock, erasing 50% of its value since an early October high.
Pakistan’s benchmark index, KSE-100, fell by over 2,000 points by 10:55am on Friday morning. The index lost 1.1 per cent from its previous close of 187,832 points on Wednesday, placing it at 1
K-Electric (KE) Chief Executive Officer Moonis Alvi on Friday stepped down from his position, according to a disclosure submitted to the Pakistan Stock Exchange (PSX). In July last year, the provincial ombudsman for protection against haras
ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has protested against the proposed positive quarterly tariff adjustments
ISLAMABAD: Amid official efforts to tame consumer-oriented penetration of solar energy, Karachi-based industrialists and financial wizards have sought to introduce a not-for-profit “Social Net-Meteri
SINGAPORE: Bitcoin plunged on Thursday, its decline accelerating amid weakening risk sentiment driven in part by volatility in precious metals and a broad selloff in tech shares. The world’s largest cryptocurrency fell to a low of $66,675.1
ISLAMABAD: Kazakhstan’s Elaman Group has completed preliminary studies in Gilgit-Baltistan and identified strong potential for placer gold exploration and development, expressing its intention to make an initial investment of $20 million, with fur
ISLAMABAD: Pakistan and Jordan have agreed to move toward a preferential trade agreement (PTA) and broaden bilateral cooperation across various sectors, marking a shift toward deeper economic engagement between the two countries. The two co