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Mirasol Resources (CVE:MRZ) Trading Down 22.7% – Here’s Why
thelincolnianonlinehace 16d

Mirasol Resources (CVE:MRZ) Trading Down 22.7% – Here’s Why

Mirasol Resources Ltd. (CVE:MRZ – Get Free Report) was down 22.7% during trading on Monday . The company traded as low as C$0.68 and last traded at C$0.68. Approximately 143,639 shares were traded during mid-day trading, an increase of 178% from the average daily volume of 51,640 shares. The stock had previously closed at C$0.88. [...]

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BSC Prediction Markets Soar Past $10 Billion Milestone as Daily Trading Stabilizes
bitcoinworldhace 16d

BSC Prediction Markets Soar Past $10 Billion Milestone as Daily Trading Stabilizes

BitcoinWorldBSC Prediction Markets Soar Past $10 Billion Milestone as Daily Trading StabilizesSingapore, April 2025 – Binance Smart Chain-based prediction markets have achieved a significant milestone, surpassing $10 billion in cumulative trading volume according to verified blockchain data. This remarkable growth demonstrates the increasing adoption of decentralized prediction platforms as viable financial instruments within the cryptocurrency ecosystem. The achievement marks a pivotal moment for decentralized finance infrastructure [...]This post BSC Prediction Markets Soar Past $10 Billion Milestone as Daily Trading Stabilizes first appeared on BitcoinWorld.

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OPINION: Trends in the balance of payments
brecorderhace 16d

OPINION: Trends in the balance of payments

The SBP (State Bank of Pakistan) has released the figures on the external balance of payments of Pakistan for the first half of 2025-26. The objective of this article is to identify the changes in the short-term trends and see how these trends compare with the projections by the IMF as part of the Extended Fund Facility.There are, in fact, contrasting trends. There has been a significant worsening in the balance of the current account, while there has been some improvement in the financial account. However, there has been some deterioration in the overall balance of payments position.The worsening of the current account is attributable to a substantial increase in the deficit in trade in goods, of USD 4.2 billion. This is the primary reason why a surplus in the current account in the first half of 2024-25 of USD 1 billion has been converted into a deficit of USD 1.2 billion.However, IMF appears to have anticipated this worsening with a stable nominal exchange rate and some liberalization of imports. The IMF projected current account balance in 2025-26 is of a deficit of USD 2.4 billion. The actual deficit in the first six months is half the annual projected level.The worrying developments are the 5 percent fall in goods exports and a big double-digit increase of over 12 percent in goods imports. Consequently, this had led to a big jump in the trade deficit of 37.3 percent. Any persistence of this size in the deficit in the second half of 2025-26 will significantly impact on the level of foreign exchange reserves.The fall in exports is primarily due to the decline in rice exports of 40 percent. The rise in imports is very broad-based, with the big increases ranging from 105 percent in automobile imports to 21 percent in food imports.These developments on the trade front are clearly indicating that a nominally stable and overvalued exchange rate is impacting negatively on exports while imports are rising rapidly. The Real Effective Exchange Rate (REER) Index of the rupee has approached 105. Historically, the experience is that exports have shown faster growth when the index value was close to 95.The worsening of the balance of trade in goods has fortunately been countered by significant increase of workers’ remittances by almost 11 percent. This is despite the large base of the first six months of 2024-25 when remittances had jumped up by as much as 32 percent. Continuation of large home remittance inflows through official channels is vital for sustaining the balance of payments position of the country.Turning to the financial account of the balance of payments there are both negative and positive developments in this account. A decline is observed in the inflow of foreign direct investment by 28.6 percent. The IMF projection of USD 2.3 billion of foreign direct investment is unlikely to be met in 2025-26.The significant fall in foreign direct investment is clearly due to negative perceptions about the low growth in Pakistan’s economy and high risks due to security and other factors. Also, profitability has been eroded by extremely high energy costs and exceptionally large corporate income and sales tax rates.The initial optimism following the setting up of the SIFC (Special Investment Facilitation Council) for promoting foreign direct investment appears to have been misplaced. The recent IMF report on governance and corruption has been somewhat critical of the role of the SIFC.The other major negative outcome is the net outflow of portfolio investment from Pakistan, despite a strongly booming stock market in the country. However, the IMF had already anticipated in its balance of payments projection that there would be a net outflow of $1 billion of portfolio investment in 2025-26.An important component of the financial account is the flow into the government account in the form of external borrowings. There is some improvement in the net inflow. There was a net outflow, with amortisation higher than disbursements, of USD 0.6 billion in the first half of 2024-25. Fortunately, this has been reversed with a net inflow of USD 0.5 billion in the last six months.However, despite the presence of the IMF programme and Pakistan’s success in the completion of the first two reviews, the inflow of external assistance in the form of disbursements have shown a nominal increase of only USD 0.4 billion to USD 3 billion. The IMF projection of the aid inflow and loans is USD 9 billion. Only one-third of the target has been met in the first six months. Clearly, the disbursements will have to show a big increase in the second half of 2025-26 if the IMF projections are to be achieved.The composition of the loan inflows is revealed monthly by the Ministry of Economic Affairs. The biggest shortfalls appear to be in inflows from multilateral institutions like the World Bank and the Asian Development Bank. The annual target is USD 5 billion, whereas the actual inflow has been USD 2 billion up to the end of December 2025.The other failure is in arranging for loans from foreign commercial banks. Apparently, the target is USD 3.1 billion for 2025-26, of which a negligible amount of USD 50 million has been received. Clearly, perceptions of Pakistan’s credit worthiness by foreign private investors have not changed significantly.Overall, the balance of payments in the first six months of 2025-26 remains only marginally positive at USD 0.6 billion. This is in sharp contrast to the positive balance of USD 1.7 billion in the first half of 2024-25, due particularly to the generation of a current account surplus.There has been a net inflow of IMF loans of USD 0.8 billion. Therefore, the increase in reserves is USD 1.4 billion, as compared to USD 2.4 billion in 2024-25. The reserves now stand at USD 16 billion.The IMF programme’s expectation is that the foreign exchange reserves should reach USD 17.8 billion, with an increase of USD 1.8 billion in the second half of 2025-26. This will depend largely on whether there continues to be a worsening in the trade balance on goods. The IMF has projected the exchange rate of Rs 297 per US$ by the end of 2025-26. This will facilitate exports and restrict imports.There are also other risk factors like the continued plummeting of foreign investment, reluctance of private lenders like the international commercial banks to extend loans to Pakistan and the likelihood of a successful third review of the IMF program in March 2026.We hope that by the end of 2025-26, Pakistan will have enough reserves to provide import cover for 2.5 months, thereby signaling the success of the IMF programme and sustainability of external transactions.Copyright Business Recorder, 2026

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Is AVAX Ready for Rebound?
startupnewshace 16d

Is AVAX Ready for Rebound?

The Avalanche (AVAX) ecosystem has celebrated the first exchange-traded fund (ETF) in the United States. The VanEck Avalanche ETF (VAVX) launched on NASDAQ on Monday, January 6, 2026. First Avalanche ETF in U.S. Unveiled According to the announcement, the VAVX ETF began trading with a waiver on sponsor fees for the first $500 million or [...]

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What the future of air traffic management looks like with AIR Lab
e27hace 16d

What the future of air traffic management looks like with AIR Lab

Innovation across APAC is gaining new momentum, and collaboration is proving to be the region’s quiet superpower. Nowhere is this more evident than in aviation, where the race to modernise Air Traffic Management (ATM) has never been more urgent. As skies grow busier and environmental demands rise, the next chapter of aviation depends on building [...]The post What the future of air traffic management looks like with AIR Lab appeared first on e27.

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