BEIJING (Reuters) – Three persons with firsthand knowledge of the situation claimed China’s top state-owned banks were spotted selling US dollars to purchase yuan in both onshore and offshore spot markets in early Asian trading, movements geared at strengthening the Chinese currency. State banks in China often deal in theRead More →
ISLAMABAD, Pakistan (Web News) – Pakistan International Airlines (PIA) has partnered with Air China to offer flights from Pakistan to 16 Chinese destinations via Beijing. According to a PIA staffer who verified the news to APP, visitors may now fly to Guangzhou, Shanghai, Wuhan, Chengdu, Chongqing, Changchun, Hangzhou, and HarbinRead More →
ISLAMABAD — The government has raised the price of liquefied petroleum gas (LPG) by Rs10, bringing the new rate to Rs240 per kilogram, as the inflation-stricken masses struggle to adapt their monthly budgets amid dwindling buying power. So the smaller cylinder for residential use will cost Rs2,830, while the largerRead More →
Media outlets claimed on Sunday that a group of investors led by Apollo Global Management (APO.N) is investing between $1 billion and $2 billion in debt to help chipmaker Wolfspeed (WOLF.N) expand in the United States. According to Bloomberg News, the investment would make $1.25 billion in cash instantly accessibleRead More →
Reuters: London On Monday, the pound gave up some of its early gains versus the dollar and the euro as traders continued to consider the effects of the Bank of England’s disproportionate rate hike from the previous week. The pound last traded at $1.2712, unchanged versus the dollar after risingRead More →
Reuters: London Despite rising on Monday, the yen was still close to a more than seven-month low after a government official stated that Japan was open to all possible options for suitably retaliating against excessive currency movements. The striking difference between the Bank of Japan’s (BOJ) ultra-low rates and centralRead More →
The monetary policy rate was increased by the State Bank of Pakistan (SBP) by an additional 100 basis points (bps) on Monday, reaching a record 22 percent for the nation. The SBP’s monetary policy committee met and made the decision. The decision to raise the policy rate by another 1%Read More →
Due to a bank holiday on Monday, July 3, the State Bank of Pakistan (SBP) will be closed to the general public. An announcement states that all banks will be closed to the public on this day. All personnel of the financial institutions will be present at the offices, nonetheless.Read More →
Reuters (Reuters) – Robinhood Markets (HOOD.O) said on Friday that it is withdrawing three cryptocurrency tokens from its platform, just days after the US Securities and Exchange Commission cracked down on the industry’s top exchanges. Customers will be unable to trade Solana, Cardano, or Polygon through Robinhood beginning June 27,Read More →
ISLAMABAD:The federal government has earmarked Rs18.4 trillion for defence spending in the fiscal year 2023-24, an increase of Rs218 billion over the previous fiscal year. Finance Minister Ishaq Dar Thursday released the federal budget for 2023-24, totaling Rs14,460 billion. In fiscal year 2023-24, the government budgeted Rs824.65 billion to theRead More →
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