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.
Economy
Millions of crypto-lovers have sidelined from the market after facing losses and waiting for the return of good days. Miners too have adopted wait-and-see policy as the cost of mining has increased because of a drastic decline in the value of Bitcoin and Altcoins.
NBP was accused of allowing money transactions that resulted in the funding of terrorism against American citizens in Afghanistan, which may have been an offence under the US Anti-Terrorism Act, as modified by the Justice Against Sponsors of Terrorism Act.
The value of the Pakistani rupee fell against the US dollar, reaching a high of Rs208. At 12:25 p.m. on…
Chairman of Al Adil Trading in UAE said as a result of the export ban, the prices of wheat will definitely not go up and stabilise at the current levels in the country.
Miftah said that in May this loss had gone past Rs120 billion — three times greater than running the expenses of the civil government, which amounts to Rs40 million.
The country’s short foreign currency reserves – now adequate for less than two months of total imports – have put it in desperate need of funding.
International Monetary Fund highlighted worries about the budget statistics, including fuel subsidies, a growing current account deficit and a need for additional direct taxes