Bitcoin fell below $90,000 on Monday as a sell-off gathered pace following the steepest monthly decline since mid-2021 and as renewed risk aversion drove investors out of stocks and digital assets. The world's largest cryptocurrency fell 6.1% at one point. By 1120 GMT, it was down 5.2% at $86,461, set for its biggest one-day fall in a month and hovering near last month's eight-month low of $80,
Federal Minister for Finance Muhammad Aurangzeb on Monday said climate change was an urgent economic reality for Pakistan, reaffirming the government's commitment to advancing sustainable finance, green taxonomy, and climate-aligned disclosure frameworks. Stressing the need to support SMEs in formalising their financial reporting practices, he highlighted Pakistan's proactive regulatory directi
Chairman Economic Policy & Business Development (EPBD) Think Tank, Gohar Ejaz, has strongly opposed any further devaluation of the Pakistani Rupee, warning that such a move would trigger a new wave of inflation and damage the country’s economic stability. Ejaz said that certain elements are supporting devaluation for personal gain, but Pakistan does not need a weaker currency it needs stability
The Karachi Port Trust handled 340,070 tonnes of cargo comprising 243,588 tonnes of import cargo and 96,482 tonnes of export cargo during last 48 hours, ending at 0700 Hours. The total import cargo of 243,588 tonnes comprised of 100,275 tonnes of Containerized Cargo, 3,484 tonnes of B. Bulk Cargo, 6,503 tonnes of Lentils, 18,662 tonnes of Soya Bean Seeds, & 114,664 tonnes of Liquid Cargo. Th
A new mechanism adopted by OPEC+ to assess members’ maximum output capacity will ultimately help to stabilise markets and reward those who invest in production, Saudi Energy Minister Prince Abdulaziz bin Salman said on Monday. The OPEC+ group approved the mechanism to assess members’ maximum production capacity to be used for setting baselines from 2027, against which their output targets are s