Business

IMF and Pakistan make progress to staff level agreement, says IMF mission chief

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Fund’s mission, Pakistani authorities to continue policy discussions via video conference Islamabad: International Monetary Fund (IMF) and Pakistani officials made significant progress towards reaching an employee level agreement on the first review of a $ 7 billion program, IMF Mission chief Nathan Porter said in a statement on Saturday.According to the statement, the mission and […]

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Binance secures ‘largest investment ever’ in crypto as Abu Dhabi’s MGX pledges $2 billion

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Key Points Emirati state -owned investment firm MGX marked the first institutional investment of the Cryptocurrency Exchange and the “single largest investment” pair in Crypto, which marks the first institutional investment and “single largest investment” of the Cryptocurrency Exchange in Crypto.Companies announced in a joint press release that a minority stake would be paid with

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India’s inflation rate dips to cooler-than-expected 3.61% in February, below central bank’s target

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The Ministry of Statistics and Program of India said on Wednesday that vegetable prices decreased, resulting in a minimum of 3.61 percent of an outstanding inflation rate from February. Reuters polled economists and found that they had estimated 3.98% for the period. This is the first time inflation has fallen below the RBI’s 4% target

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Jio Partners With SpaceX to Offer Starlink Broadband Internet Services in India

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Both companies will also explore other complementary areas of cooperation to enhance India’s digital ecosystem. On Wednesday, Jio Platforms Limited announced a strategic partnership with SpaceX, bringing Starlink broadband services to India. The subsidiary of Reliance Industries claims that it will use the constellations of Elon Musk-owned low-east class satellites to provide high-speed broadband services

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Stocks fall in US and Asia over Trump tariffs concerns

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nvestors expressed concern about the negative economic impact of President Donald Trump’s tariff, leading to a sharp decline in the US stock markets on Monday. This came when the President was asked about rumors of recession, and an interview on television stated that the world’s largest economy was in the “period of transition.”. Top officials

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Bitcoin falls over 5% as volatility continues after Trump’s bitcoin reserve plan

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Key Points BitcoinAfter signing an executive order by President Donald Trump to establish a strategic bitcoin reserve for the United States, the price of the largest cryptocurrency in the world continued on Monday, which led to the price to fall. At 9:42 am, Bitcoin was trading at $ 81,712, which was more than 5% of

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North Korean hackers cash out hundreds of millions from $1.5bn ByBit hack

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His record-breaking $ 1.5 billion Crypto Heests worth at least $ 300 million (£ 232 million) has been successfully cashed by hackers employed by the North Korean government. Two weeks ago, criminals, known as the Lazarus Group, broke into a cryptocurrency exchange bibit and stole a large amount of digital tokens. Since then, it has

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A non-crypto person’s guide to the ‘bitcoin strategic reserve’

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What is the Strategic Bitcoin Reserve? Under Trump’s government order, the US would basically consolidate all the bitcoin it has seized through crooks and civil forfeitures and maintain it as a reserve asset—just like the manner in which gold and petroleum are stockpiled.Proponents of the move say the reserve might act as a hedge towards

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Pakistan urges IMF to reduce tax rates for key sectors

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Authorities unsure if tax cuts will apply this fiscal year or be incorporated into 2025-26 budget ISLAMABAD: Facing a downward revision in its annual tax collection target, the Federal Board of Revenue (FBR) has proposed to the International Monetary Fund (IMF) a reduction in tax costs for the tobacco, actual property, construction, and beverage sectors

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