Business – Page 6 – PASAR NEWS

Flour prices in Pakistan have risen by up to 100 percent.

According to the Federal Bureau of Statistics, the price of a 20 kg flour bag has risen to Rs. 720 in one week.Residents in Slamabad have been impacted the worst by the flour price hike, and are now obliged to purchase the most costly flour in the country.The price ofRead More →

70% of PTI Government’s Foreign Loans are used to repay previous debts.

The Pakistan Tehreek-e-Insaf (PTI) government borrowed $52 billion in external loans in three years and eight months, placing it first among the previous four governments. In fact, the PTI returned 70% of the debts incurred by previous governments. It had surpassed Pakistan Muslim League (PML-N), which had $49.761 billion inRead More →

Here’s Why Tech Companies Lost Over $1 Trillion in 3 Days in Market Value

Only a few days after the US Federal Reserve announced a rise in interest rates to help battle inflation, the world’s leading internet businesses saw their value plummet by over $1 trillion over three trading sessions. The Federal Reserve’s recent policy aided the selling of several equities. Since then, however,Read More →

For the first time since July 2021, Bitcoin falls below $30,000

Bitcoin plummeted below $30,000 for the first time since July 2021 on Tuesday, as investors flew to cryptocurrencies in concerns of aggressive US monetary tightening and increasing inflation. The world’s largest cryptocurrency by market capitalization fell as low as $29,764 on Tuesday before rebounding more than $30,000, continuing a recentRead More →

At the open, European stocks are up

Following significant losses the previous day, European stock markets rallied at the outset Tuesday. The FTSE 100 index in London increased 0.6 percent to 7,259.40 points. The DAX index in Frankfurt rose 1.3 percent to 13,548.45 points, while the CAC 40 in Paris gained 1.0 percent to 6,144.44 points.Read More →

In its domestic debut, ‘Doctor Strange in the Multiverse of Madness’ earns $185 million

The summer blockbuster season has officially begun. “Doctor Strange in the Multiverse of Madness,” the latest Marvel Cinematic Universe film, made $185 million in its first weekend in theatres, the most of any film released in 2022. “Nothing says movie theatres are returning like a Marvel film making a hugeRead More →

Over the weekend, Bitcoin falls below $34,000, extending Friday’s losses

After a broader stock sell-off in the United States last week sent the cryptocurrency market into a frenzy and caused bitcoin to tumble by about 10%, bitcoin has continued to fall. According to data from Coin Metrics, Bitcoin, the world’s most valuable digital currency, was down around 3% at $33,438.03Read More →

On global inflation fears, Asian markets are falling

Despite an initial Wall Street rally because to a strong US jobs data, Asian equities slumped Monday as investors remained concerned about inflation and the lingering impact of China’s Covid lockdown measures. A number of problems, including rising inflation, rising interest rates, China’s economic slowdown, and the war in Ukraine,Read More →

Exports of services increased by 17.07 percent in three quarters, to 20.19 percent in March

The Pakistan Bureau of Statistics (PBS) revealed that service exports from the country increased by 17.07 percent in the first three quarters of the current fiscal year (2021-22) compared to the same period previous year. Services exports from July to March (2021-22) totaled $5,156.10 million, up 17.07 percent from $4,404.24Read More →

Sources said an IMF group will arrive in Pakistan on May 10

ISLAMABAD: According to sources, an International Monetary Fund (IMF) group will come in Pakistan on May 10 to have decisive negotiations with the federal administration. A group from the international banking organisation will visit Pakistan for ten days to meet with Pakistani officials. The IMF delegation will also meet withRead More →