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Monthly Archives: February 2021

Bitcoin hits peak after Tesla invests $1.5bn


February 9, 2021

NEW YORK: Tesla helped push bitcoin to an all-time high on Monday after the carmaker anno­unced a $1.5 billion investment in the digital money and plans to accept the cryptocurrency from customers buying its electric vehicles. The announcement comes on the heels of a cheeky social media embrace of bitcoin by iconoclastic Tesla CEO Elon Musk, and marks the latest …

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SECP enrols 2,201 firms in January


February 9, 2021

cp ISLAMABAD: The Secu­ri­­ties and Exchange Com­mission of Pakistan (SECP) enrolled 2,201 companies in January, taking the total number of registered companies to 134,797. Out of new incorporations, 98 per cent were registered online and around 30pc applicants completed registration process in the same day. Around 69pc companies were registered as private limited companies, while around 28pc as single member …

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Basmati exports plunge by 38pc in 1HFY21


February 9, 2021

• Overall rice exports fall by 10pc in July-December • Rival’s low prices, costly freight key reasons KARACHI: Pakistan’s rice exports remained subdued in the first half of the current fiscal year (1HFY21) due to low prices offered by India for non-basmati and issues of higher freight and shipments from October 2020 amid the Covid-19 pandemic. The country’s overall rice …

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Trade deficit swells to $14.96bn in 7MFY21


February 9, 2021

ISLAMABAD: Pakistan’s trade deficit swelled 8.27 per cent to $14.96 billion in the first seven months of 2020-21 from $13.82bn over the corresponding period last year, Pakistan Bureau of Statistics (PBS) data showed on Monday. The trade deficit posted a positive trend mainly driven by an increase in imports especially of raw materials and semi-finished products for use in domestic …

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Tech firms urge AGP to release consultation plan on social media rules


February 9, 2021

AARHUS (Denmark): With less than a month left for the next case hearing on social media rules, technology companies have sought a clear consultation network, timeline and plan from the Attorney General for Pakistan (AGP). In a letter to AGP Khalid Jawed Khan, the Asia Internet Coalition (AIC) reiterated that the rules in their current form make it extremely difficult …

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Bitcoin rockets to new highs as Tesla takes it mainstream


February 9, 2021

Bitcoin extended gains on Tuesday to a record high as the afterglow of Tesla Inc’s investment in the cryptocurrency had investors reckoning it would become a mainstream asset class for both corporates and money managers. Bitcoin has more than doubled over two months as institutional investors search for alternative wealth stores and retail traders ride the wave. Monday’s leap after Tesla’s announcement …

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Jennifer Aniston shares hilarious clip from ‘Friends’ with co-stars


February 9, 2021

Jennifer Aniston on Sunday took to Instagram to share an iconic scene from his popular TV show “Friends” with her co-stars. Sharing the video clip from the show, the six friends are seen playing football, Jennifer tagged Courteney Cox, Lisa Kudrow, Matthew Perry, David Schwimmer and Matt LeBlanc. “Happy SuperBowl,” she captioned the clip which is one of the hilarious …

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Gigi Hadid shares her behind-the-scenes look from a glam show


February 9, 2021

Gigi Hadid, who recently become a mom, got her glam on and struck some poses on Monday. The 25-year-old supermodel gave her fans  a behind-the-scenes look at an American multinational company’s photoshoot, sharing content to her Instagram Story. In the picture, the new mom can be seen proceeding to serve some face with a pouty look, as fans laughed and …

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Ahsley Benson and G-Eazy call it quits after nine months of dating


February 9, 2021

American actor Ashley Benson and musician G-Eazy have parted ways, less than a year after they started dating. The Pretty Little Liars actor and the rapper parted ways, according E! News, ending their nine-month relationship. While it remains unknown when the two exactly called it quits, the split had to be recent as they were only recently spotted out and about, holding hands …

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