Bitcoin could ‘bring internet to a halt’: BIS
ZURICH: The Bank for International Settlements in a report warned digital currencies like bitcoin could overwhelm and break the internet if they continue to…
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Business
Fresh currency notes worth Rs360bn issued for Eid
As people seeks to collect crisp currency notes to distribute as Eidi, paper money worth Rs360 billion was issued across the country…
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Dollar closes at Rs121.39 in interbank market
KARACHI: The rate of dollar closed on Rs121.39 in interbank foreign exchange market Thursday, according to State Bank of Pakistan. Dollar rose…
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LNG imports peak at 10m tonnes in three years
LAHORE: Pakistan has imported a record 10 million tonnes of liquefied natural gas (LNG) in the last three years, helping the country…
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Second auto assembler abandons plans for plant in Karachi in favour of Faisalabad
KARACHI: Al-Futtaim on Tuesday announced the acquisition of an industrial plot of land in M-3 industrial city, Faisalabad, to set up a…
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Caretaker govt pledges to use foreign reserves to reduce trade deficit
Fears mounted over Pakistan's economic stability before elections this summer as the caretaker government pledged on Tuesday to stem the current account…
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Wall Street ekes out gains ahead of Singapore summit
NEW YORK: All three major US stock indexes closed slightly higher on Monday as investors eyed the looming United States-North Korea summit…
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No decision taken yet on IMF bailout package: Finance Ministry
ISLAMABAD: The Finance Ministry on Thursday clarified that the government had not yet taken any decision to go to the International Monetary…
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India plans 70bn rupee bailout for sugar mills
NEW DEHLI: The Indian government is likely to announce a bailout package of more than over 70 billion rupees ($1.04bn) to the…
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PSX remains bullish as benchmark index gains 434 points
The Pakistan Stock Exchange (PSX) continued its positive run on Tuesday, with the benchmark KSE-10 index gaining 434 points to close at…
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