Tag: investors
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PTI will protest countrywide against inflation, Khan warns government
Incarcerated former prime minister and founding chairman of Pakistan Tehreek-e-Insaf (PTI) Imran Khan, has warned the government that his party will launch countrywide protests if power and gas tariffs are increased. While talking to journalists in Adiala jail, Imran said that a country’s economy can’t stabilise if a government is not formed with the votes…
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April was Bitcoin’s worst month since late 2022 as investors took profits
Bitcoin experienced a significant downturn for the third day in a row on Wednesday, capping off its worst monthly performance in April since late 2022.
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Gold price hits new record high of Rs218,300 per tola as Pakistani rupee crashes
The price of gold in Pakistan has surged to an all-time high, surpassing the Rs218,000 mark, as the country’s local currency slumped to a historic low against the US dollar. The All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) has released data showing that the price of gold (24 carats) rose by Rs600 per tola and…
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Gold price soars to an all-time high of Rs217,700 per tola amid economic tensions
The price of gold has soared to an all-time high following a significant slump in the rupee against the dollar, with the country struggling to secure external financing. The data released by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) shows that the price of gold (24 carats) has spiked by Rs3,100 per tola and…
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Gold price increases to Rs208,300 per tola as investors adopt cautious approach amid uncertainties
The price of gold in Pakistan soared by 2 per cent on Saturday, according to data from the All-Pakistan Sarafa Gems and Jewellers Association. The political unrest in the country has left investors uncertain about the economy, prompting them to seek safe-haven assets such as gold. The price of gold (24 carats) increased by Rs4,100…
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Highest single-day fall: Gold price drops by Rs9,000 to Rs201,500 per tola
As the rupee marginally strengthened against the US dollar and investors closely followed the US Federal Reserve’s interest rate rise decision and policy outlook, the price of gold in Pakistan saw its worst one-day decline. The price of gold (24 carats) fell by Rs9,000 per tola and Rs7,716 per 10 grammes to settle at Rs201,500…
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Gold price hits all-time high of Rs195,500 per tola after removal of an unofficial dollar cap
Gold prices in Pakistan continued their record-breaking spree as the price of 24-carat gold reached an all-time high of Rs195,500 after gaining Rs4,900. In addition, the price of 10 grammes also witnessed an increase of Rs4,201 to settle at Rs167,610, according to the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA). Moreover, the bullion rate in…
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Apple CEO Tim Cook requests and receives a 40% salary cut
Apple chief executive Tim Cook will see his annual salary package trimmed by up to 40 per cent this year after receiving criticism,
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Elizabeth Holmes sentenced for more than eleven years in prison for fraud startup
Elizabeth Holmes, the founder of Theranos, was found guilty of cheating investors in her now-defunct blood-testing firm, which had a $9 billion valuation at the time, and a California judge sentenced her to 11 years and three months in prison. In San Jose, California, US District Judge Edward Davila sentenced Holmes on three charges of…
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PSX witnesses recovery as KSE-100 index surpasses 41,000-mark
The week started off well for shares at the Pakistan Stock Exchange (PSX), with analysts attributing the rise to the Pakistani rupee’s robust rebound, which was supported by a drop in global oil prices. By 10:45 AM, the benchmark KSE-100 index had risen 411 points, or 1.01 per cent, to 41,031 points. The PSX had…