Category: Business

UK inflation

UK inflation hits 30-year high of 7%, adding to pressure on government

Story by Reuters British consumer price inflation leapt to its highest level in three decades last month, intensifying the pressure on embattled Prime Minister Boris...

Sri Lanka debt, Sri Lanka, debt

Sri Lanka defaults on entire $51bn external debt

Story by AFP Crisis-stricken Sri Lanka defaulted on its $51 billion external debt on April 12, calling the move a “last resort” after running out of foreign exchange...

Pakistan economy, United Nations, UN

Pakistan’s pace of economic growth to slow down to 4% in FY22: ADB

Following a remarkable economic rebound in the previous fiscal year 2020-21, the Asian Development Bank (ADB) projected Pakistan’s economic growth to slow down to 4%...

Crypto owners, investment

Nearly half of crypto owners first bought digital assets in 2021: survey

Almost half of all cryptocurrency owners in the United States, Latin America and Asia Pacific purchased the digital assets for the first time in 2021, according to a new...

Bitcoin, Bitcoin Covid variant, Covid-19

Bitcoin holds ground after touching highest this year

Story by Reuters Bitcoin on March 29 held ground just below its highest this year, touched a day earlier, with gains for the original cryptocurrency topping 27% since...

Bitcoin market dollar

Cryptoverse: Bitcoin helps market cruise past $2 trillion

Story by Reuters As a bleak first quarter draws to a close, crypto seems to have the wind in its sails. It has pushed through the $2 trillion barrier and is proving...

Pakistan tea imports

Pakistan tea imports increase by 11.64pc in 8 months

The tea imports into the country witnessed an increase of 11.64 percent during the first eight months of the current fiscal year as compared to the corresponding period...

Peugeot Pakistan, Peugeot

First locally assembled European vehicle ‘Peugeot’ launched in Pakistan

Lucky Motor Corporation (LMC) on March 12 officially launched the country’s first locally assembled Eur­opean vehicle — Peugeot 2008 SUV — followed by the opening...

IMF Pakistan

IMF objects to Pakistan PM’s relief package for the public

Terming the breaches committed by Pakistan “deviation”, the International Monetary Fund (IMF) raised serious objections over the Prime Minister’s...

Pakistan rupee, dollar, IMF, Fitch Pakistan, dollar, rupee, Pakistani rupee, rupee, dollar, IMF, bailout package

Pakistani rupee plunges to new historic low of 178.61

Pakistani currency plunged to an all-time low of Rs178.61 against the US dollar in the inter-bank market on March 8 amid a strong demand for the greenback as importers...