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Elon Musk Net Worth Plummets Amid Tesla Stock Decline

The decline in Tesla's stock price has wiped out $800bn from its market value, with Musk's net worth dropping by $8.8 billion to $342.8 billion, and the company's reliance on imports from Canada and other countries makes it vulnerable to tariffs imposed by the Trump administration, raising concerns about its future growth prospects.
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Tesla Stock Plummets 87% as Executives Sell Shares

As the company's stock continues to decline, investors are left wondering if Tesla can recover from the current slump, with some seeing opportunities for growth and others expressing concerns over the company's future prospects, particularly with regards to the impact of Musk's involvement with the Trump administration on demand and the potential for new tariffs to affect sales.
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AUD Gains Against USD Amid Trade Uncertainty

The AUD and NZD's gains against the USD come as the US dollar weakens due to lower yields, but the decline in Chinese consumer prices and uncertainty surrounding trade policies continue to cloud the outlook for the two currencies, with the AUDUSD price expected to trade in a range between 0.6280 and 0.6330.
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Bitcoin Price USD Drops 5% After US Strategic Reserve Announcement

The move is seen as a significant development in the US government's approach to cryptocurrencies, with potential implications for the global market. While some critics have called the announcement a rebranding of existing holdings, others see it as a step towards greater adoption and recognition of Bitcoin as a legitimate asset.
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Dollar Rate Today: AUD to PKR at Rs176.34

The AUD/PKR exchange rate is a critical factor for Pakistani expats, with a stronger AUD allowing for more PKR to be sent for the same amount of AUD, and financial analysts advising ongoing monitoring of global economic trends to optimize remittance transfers, as the rate continues to impact the financial well-being of many Pakistani families.
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Gold Prices Drop Amidst CPI Data Release

The CPI data release is expected to show inflation above the Federal Reserve's 2% goal, which could impact the gold price forecast. The Bank of Canada's decision on monetary policy, with a 25 basis point interest rate cut expected, will also be closely watched by investors.
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Dollar Rate Surges, Rupee Hits One-Month Low

The rupee's decline is expected to continue, with the USD/INR pair potentially reaching new highs, influenced by global trade tensions, oil prices, and inflation. The RBI's actions will be crucial in determining the trajectory of the rupee, as the Indian economy navigates the challenges of a weakening currency and ongoing economic uncertainty.
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Spain Sees Crypto Boost as BBVA Offers Bitcoin Services

BBVA's move into cryptocurrency services is a significant development for the Spanish financial sector, offering customers a secure and regulated platform to buy, sell, and manage digital assets, and paving the way for increased adoption of cryptocurrencies in the country.
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Diesel Price Relief: £5 Cashback Offer on Fuel

The £5 cashback offer is a limited-time deal that can help drivers save on their fuel expenses, and when combined with other loyalty schemes, can provide significant savings on petrol and diesel purchases, making it a valuable opportunity for those looking to reduce their fuel costs.
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Monetary Policy Pakistan: SBP Keeps Rate Unchanged

The SBP's monetary policy decision is a key factor in shaping Pakistan's economic outlook, and the bank's cautious approach is expected to have a positive impact on the country's macroeconomic stability. However, the potential rise in inflation and the volatility in food and energy prices remain key concerns for the central bank.
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Why is Crypto Crashing: US Bitcoin Reserve Sparks Concern

The US government's decision to establish a Strategic Bitcoin Reserve and a Digital Asset Stockpile has sparked concerns about the potential impact on the cryptocurrency market. With the government holding onto seized Bitcoin and other digital assets, the move raises questions about the role of government in the crypto market and the potential for arbitrary asset selections, highlighting the need for transparency and clear guidelines in the management of digital assets.
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K Electric Prices Reduced Amid High Energy Costs

The reduction in electricity prices is a step towards mitigating the impact of high energy costs on Pakistan's industries and consumers, but the country needs to focus on long-term solutions to address its energy challenges and support its economic growth, as the IEA report highlights the importance of affordable and reliable electricity for industrial production and economic expansion.
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Rs40,000 Prize Bond Draw Scheduled for March 10

The Rs40,000 and Rs25,000 premium prize bond draws offer significant cash prizes, including a grand prize of Rs80 million and a mega prize of Rs30 million, respectively, with the results to be released following the draw on March 10, 2025.
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ary live: FBR Proposes Tax Cuts to Boost Revenue

The proposed tax cuts aim to generate over Rs100 billion in additional revenue by the end of the current fiscal year, and the FBR has projected that the current high tax rates have reduced transaction volumes in these sectors. The government's plan to rationalize power tariffs, including terminating inefficient power plants, negotiating tariff reductions with independent power producers, and utilizing fiscal space created by reduced debt servicing burden, is also underway.
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Solar Net Metering Rates to Drop with New Reforms

The reduction in solar net metering rates is part of a broader effort to restructure the power sector, which includes plans to rationalize power tariffs, decommission inefficient plants, and renegotiate tariffs with IPPs. The government aims to provide affordable electricity to consumers and improve sector efficiency and governance, while also eliminating circular debt and promoting transparency and fairness in negotiations with IPPs.
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Ary of Economic Hope: Haroon Akhtar Khan's Appointment

The appointment of Haroon Akhtar Khan as Special Assistant to the Prime Minister is seen as a significant move to boost the economy, with his expertise in tax policy and economic development expected to play a crucial role in shaping the government's economic agenda, and his inclusion in the cabinet is likely to have a positive impact on the country's economic growth and stability.
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TCS Expands Deal with Northern Trust to Enhance Custody Operations via BaNCS

By integrating TCS' BaNCS platform, Northern Trust aims to achieve enhanced operational efficiency, improved compliance, and better client services, setting a new standard for custody operations in the global financial market, with TCS at the forefront of this technological advancement.
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National Savings Revised: Profit Rate Drops

The revision in profit rates for Regular Income Certificates is part of broader trends in national savings, with various schemes experiencing inflows and outflows, reflecting investor preferences and economic conditions, and the Central Directorate's efforts to balance these factors.
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Trump Establishes Crypto Summit, Strategic Bitcoin Reserve

The reserve's estimated 200,000 Bitcoin worth $17.5bn will be managed by the Treasury Secretary, who will develop strategies for acquiring more BTC and determining how to steward the stockpile, while the President's Working Group on Digital Asset Markets will be informed of the transfers.
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Gold Prices Pakistan Drop to Rs304,000 per Tola

The decrease in gold prices brings relief to consumers, and the constant silver prices maintain stability in the market. The gold prices in Pakistan are expected to continue fluctuating based on international market trends.
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