Cars drive through the territory of the United Nations COP29 climate change conference, in Baku, Azerbaijan, November 22, 2024. — Reuters Australia, EU and US agree to increase climate finance. EU countries want China and Gulf countries to join them in contributing. Low funding will affect their ability to reduce greenhouse gas emissions. BAKU: The … Read more
A representation of the cryptocurrency Bitcoin and a price chart are seen in this illustration taken October 24, 2023. — Reuters Bitcoin has doubled this year, up 40% since the US election in November. Trump, the pro-crypto Congress, has seen the regulatory clouds clear. Crypto-related stocks are rising with the price of Bitcoin. Bitcoin nearly … Read more
This photo shows both sides of a Rs55 commemorative coin issued by the SBP on the 555th Jayanti of Guru Nanak Dev Ji. —SBP The State Bank of Pakistan on Friday issued a commemorative coin to mark the 555th Jayanti (birth anniversary) of Guru Nanak Dev Ji, the founder of the Sikh religion. Nanak’s birth … Read more
Indian billionaire Gautam Adani speaks during a groundbreaking ceremony after the Adani Group completed the purchase of the Haifa Port earlier in January 2023, in the Port of Haifa, Israel, January 31, 2023. — Reuters NEW YORK: In June 2020, a renewable energy company owned by Indian billionaire Gautam Adani won what it called the … Read more
Brokers monitor an index showing the latest stock prices at the Pakistan Stock Exchange in Karachi on January 26, 2023. — AFP The Pakistan Stock Exchange (PSX) soared over 900 points on Friday, buoyed by persistent macroeconomic outlook, extending its record streak. The PSX’s benchmark KSE-100 index jumped 1,060.06 points or 1.09 percent to 98,388.45 … Read more
A stockbroker attends a trading session at the Pakistan Stock Exchange (PSX) in Karachi on July 31, 2023. — AFP A $349 million current account surplus boosts morale. The lowest bond yields in several years are driving the market recovery. Banking, fertilizers and automobiles in the spotlight. The capital market saw a massive rebound on … Read more
The representation of the cryptocurrency Bitcoin is seen in this illustration taken on January 11, 2024. — Reuters Bitcoin has doubled this year. Up 40% since the US elections. Crypto-related stocks are soaring. Bitcoin’s march toward $100,000 advanced further on Thursday as investors bet that a more friendly U.S. regulatory approach to cryptocurrencies under President-elect … Read more
Khurram Schehzad, veteran investment banker. -Linkedin/@khurramschehzad Veteran investment banker Khurram Schehzad has been appointed as advisor to Finance Minister Mohammad Aurangzeb on financial reforms as the government steps up efforts to bring sweeping changes in different sectors of the economy to put the country on the right path sustainable growth. “The Prime Minister was pleased … Read more
A depiction of Bitcoin is seen in front of a stock chart and a U.S. dollar in this illustration taken January 24, 2022. — Reuters Donald Trump’s company is in talks to buy crypto trading firm Bakkt. Bitcoin, the world’s largest cryptocurrency, has more than doubled this year. The value of the global cryptocurrency market … Read more
U.S. auto industry executives are preparing for a possible rollback of electric vehicle mandates under the new Trump administration. — AFP/File NEW YORK: U.S. auto giants signaled Wednesday they could further slow the ramp-up of electric vehicle production as Detroit awaits the arrival of a Trump administration eager to roll back major climate initiatives. Biden. … Read more