Ripple price endures brawling as it attempts to flip the $0.964 to $1.01 supply sector into a demand barrier, while Bitcoin and Ethereum remain to make headway. A potential point in purchasing pressure that shoves XRP price to produce an everyday close above $1.01 will specify the resurgence of purchasers. In such a case, investors … Read more
When BTC tumbled to $40,000, Ethereum price was riding shotgun. Thus, ETH fell below $3,000, a key psychological level, and shaped a swipe low at $2,650. Unrelatedly, Ethereum price has scaled above this barrier and displays an inclination to go upper. Furthermore, ETH needs to share through the $3,202 resistance level to have a possibility … Read more
Bitcoin price locked above the 79% Fibonacci retracement level at $40,727 on September 21 and directly produced a bullish overwhelming sconce the next day. The uptrend has sustained, yielding a 9% rise so far. A retest of the 50% Fibonacci retracement level at $45,210 is probable to happen if the purchasing pressure perseveres. Here the … Read more
Prime Minister Imran Khan has said that roads play an important role in economic development. The Prime Minister chaired a meeting to review the progress of projects under the National Highway Authority, which was attended by Communications Minister Murad Syed, Planning Minister Asad Umar, Special Assistant Shahbaz Gul, and others. A briefing was given on … Read more
The chairman of the Federal Board of Revenue (FBR) has told the National Assembly’s Standing Committee on Finance that revenues have increased by 41% over the previous financial year. A meeting of the Standing Committee on Finance of the National Assembly was held under the chairmanship of Faizullah Kamuka. The Chairman FBR said that with … Read more
K Electric, a private power distributor in Karachi, has demanded an increase of 97 paisa per unit. According to the National Electric Power Regulatory Authority (NEPRA), K Electric applied for the August fuel charges adjustment. NEPRA has said that K Electric has asked for Rs 1.76 billion in monthly fuel adjustment while the hearing on … Read more
Federal Finance Minister Shaukat Tareen has said that the rise in inflation due to the International Monetary Fund (IMF) program will provide direct subsidies on food items to the poor. Shaukat Tareen said that there was a 50 percent difference in the global prices of ghee which we kept at 30 percent. The prices of … Read more
The dollar depreciated against the rupee in the interbank market while the dollar appreciated in the local open currency market. According to a report by the Forex Association of Pakistan, the dollar depreciated by 30 paise against the rupee in the interbank market on Tuesday, taking the buying price of the dollar from Rs 168.70 … Read more
Attock Refinery Limited (ATRL) has earned a post-tax revenue of Rs 1.068 billion during the financial year ended June 30, 2021. According to the company’s financial results, ATRL’s earnings per share during this period was Rs 10.01. It should be noted that in the financial year 2020, the company had a loss of Rs 4.685 … Read more
During July and August of the current financial year, the imports of machinery for the establishment of new industries, expansion of the network of textile industries, mobile phone companies, and increase in power generation has increased by 40%. According to media reports, imports of machinery, plants, and technology increased from $ 1.32 billion in the … Read more
For starting the production of vehicles from Pakistan, Japan intends to invest US $100 million in the automobile sector. Adviser to Prime Minister on Commerce, Investment Abdul Razak Dawood meets Ambassador of Japan to Pakistan, Mr. Kuninori Matsuda, and debated the upcoming plan to improve bilateral collaboration between the two countries. A press release issued … Read more
As per the report of Karachi Sarafa and Jewellers Group, the price of 24 karats per tola gold surge by Rs250 per tola and was trade at Rs113,250 on Wednesday compared to its sale at Rs113,000 in the local market the prior day. The price of 10 grams 24 karats too soar by Rs214 and … Read more
Export of sports goods throughout the initial two months of the fiscal year of 2021-22 increased by 25.63% against the exports of the consistent period of the previous year. Throughout the period from July-Aug 2021, sports goods cost US $ 24,060 thousand were exported against the exports of US $ 19,152 thousand of a similar … Read more
Financial regulators of Germany have permitted a security token offering (STO) based on a Bitcoin (BTC) sidechain. Federal Financial Supervisory Authority of Germany (BaFin) has greenlighted the EXOeu token by game publisher Exordium, creating local retail investors appropriate to take part in the sale on Stokr, a main European digital marketplace. German investors can invest … Read more
As per on-chain analytics provider Glassnode, Bitcoin is accumulated by miners as the network hash rate remains to recover. In its Sept. 20 Week on Chain report, Glassnode said that miner Bitcoin balances are growing, with wallets related with miners having stored 14,000 BTC (worth roughly $600M) over the past six and a half months. … Read more
A New Philadelphia 76ers season is on the prospect and with it derives a different patch for the team’s jerseys. As per the team publicized earlier, all 4 versions of the Philadelphia 76ers uniform will feature a Crypto.com patch. This is the first NBA partnership of Crypto.com, having struck deals with Formula 1, UFC, and … Read more
Raja Wasim Hassan has said that in addition to resolving working hours in the Corona epidemic, Saturday and Sunday holidays, and due to the country’s political situation and other reasons including economic instability, the majority of the industrial and business community could not file their tax returns on time. Therefore, keeping in view the plight … Read more
Export freight expenditure on domestic exports has declined on an annual basis during the first two months of the current financial year. According to the SBP report, between July and August this year, freight expenditure on domestic exports was 40.27 million, which is 23.93 percent less than the same period of the previous financial year. … Read more
Deputy Minister Alexey Khersontsev said that the Russian Ministry of Economic Development upgraded its prediction for the 2021 development of the national GDP from 3.8% to 4.2%. “We upgraded the GDP forecast for this year to 4.2%,” Khersontsev said the higher chamber’s committee for economic policies.
As per the report of Karachi Sarafa and Jewellers Group, the price of 24 karats per tola gold surge by Rs100 per tola and was trade at Rs113,000 on Tuesday against its sale at Rs112,900 in the local market the prior day. The price of 10 gram 24 karats also surged by Rs86 and was … Read more
PayPal publicized that the release of a new application to be a one-stop shop for all of the requirements of the digital payment of the firm’s clients. Dan Schulman, PayPal CEO said earlier the firm’s super application was complete for a rollout in the U.S. As per the release, the new PayPal application will allow … Read more
The Brazilian investment bank stated that its cryptocurrency arm, known as Mynt, would be accessible in late this year, letting bitcoin (BTC) and ether (ETH). The firm stated that it will make the service accessible to users of BTG Pactual digital and BTG+, its digital bank. “At this first moment, we will have the two … Read more
Waqar Zaka is partnering and investing at NED University to introduce the first metaverse project of Pakistan. It would be a great use case for his earlier launched blockchain-based project formed by a similar University, TenUp. TenUp is Pakistan’s first blockchain-based product that is listed on the world’s 2nd largest exchange. It has a market … Read more
Ripple price sliced through a demand region reaching from $1.012 to $0.964 throughout the crash scene on September 20-21. At the time of writing, the XRP price is trading just above the inferior boundary of the said support area at $0.964. A possible spike in purchasing pressure that shoves the remittance token to produce a … Read more
Ethereum price was on a fit uptrend after the September 7 clatter, however, things twisted around rapidly when Bitcoin (BTC) fell. ETH dropped straight through the demand region, spreading from $3,015 to $3,338. Though, disparate from the big cryptocurrency, ETH price locked below the lesser limit of the said barrier at $3,015. ETH is struggling … Read more
Bitcoin (BTC) price plunged into the claimed zone, reaching from $38,207 to $42,206 on September 21, but the renaissance of purchasing pressure hardened up against its back. At the time of writing, Bitcoin was trading well above the higher limit of the said support part. A further upsurge in bid orders will probably shove the … Read more
Senior Industrial Executive Member Lahore Chambers of Commerce and Industries, Nasrullah Mughal has said that this production of cheap electricity from hydropower is 3.8 billion units more than the average production of the last 10 years. The average production cost of Rs 2.82 per unit. He said that the power supply from WAPDA hydropower plants … Read more
The Gazprom publicized that its CEO Alexey Miller and Turkish Energy and Natural Resources Minister Fatih Donmez debated two-sided collaboration in the gas sector. In particular, they discussed gas supplies. “From January 1 to September 19, 2021, Gazprom delivered 20.3 billion cubic meters of gas to Turkey. This is a historically record volume for this … Read more
