
TCS Launches Contest for Teachers, Surges as India's 2nd Most Valued Firm
The contest and the company's growing market valuation reflect TCS's commitment to education and community impact, as well as its strong financial performance, with the company announcing an interim dividend of Rs 10 per share and a special dividend of Rs 66 per share in Q3 FY 2025.

Premium Prize Bond Draw Results Announced
The winning numbers for the Rs40,000 premium prize bond draw have been announced, with the next draw scheduled to take place in Hyderabad on June 10, 2025, offering citizens another chance to win significant cash rewards through this secure investment option.

State Bank of Pakistan Monetary Policy Unveiled Today
The SBP's decision is expected to have a significant impact on the economy, with implications for businesses and individuals alike. As the economy continues to navigate the challenges of inflation and external pressures, the SBP's monetary policy will remain a key factor in shaping the country's economic trajectory.

UK Pound to PKR Exchange Rate Surges, Impacts Businesses
The surge in the GBP/PKR rate has significant implications for stakeholders, including importers, exporters, and overseas workers, with potential impacts on inflation, trade balances, and remittance flows, emphasizing the need for close monitoring of the exchange rate and its underlying factors.

Saudi Riyal to PKR Exchange Rate Steady
The exchange rate stability and increased remittances underscore the significance of the Saudi-Pakistan partnership, with potential benefits for Pakistan's economic stability and growth, given the country's reliance on remittances and foreign investment.

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.

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.

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.

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.

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.

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.

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.

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.
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.

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.

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.

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.

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.

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.

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.