Bitcoin has dropped to $21,775 on Thursday (June 16) while its market capitalisation has fallen to $415 billion, from over one trillion dollars in November 2021.
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It’s a pro-IMF budget where the only target is to get loans and focus on their repayments. Only relaxation is given to the salary class as the inflation is sky rocketing.
Net profit of Kohat Cement closed at 5.03 billion rupees while Fauji Cement booked 4.06 billion net profit after payment of taxes to the Federal Board of Revenue.
Gul Ahmed Textile, Indus Dyeing, Fazal Cloth and Suraj Cotton are on top of the textile mills which have reported the highest amount of profits from July 2021 to March 2022 (three quarters). Textile mills, listed at PSX, have reported their profits to shareholders and regulators on June 1, 2022.
PM Shehbaz and political leaders have denounced Imran Khan’s statement saying he has gone mad after losing government
Resumption of IMF loan would further bolster economic stability in the country in 2022
Hike in prices of four wheelers and increase in their demand has led to an unexpectedly high profit of the Atlas Honda Limited this time.
On Monday (May 9), the Pakistan Stock Exchange 100-index had already lost more than 1500 points. Analysts have urged the allied government to expedite the process of talks with the IMF for the resumption of enhanced loan, involving $8 billion loan.