Business News
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SBP all set to replace currency notes in circulation | The Express Tribune
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[ad_1] KARACHI: In a move aimed at curbing corruption and enhancing security features, the State Bank of Pakistan (SBP) has announced plans to replace almost all currency notes currently in circulation starting February 2024. Speaking to journalists ahead of the monetary policy press conference on Monday, SBP Governor Jameel Ahmad outlined the central bank’s strategy…
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Economic revival, CPEC and Agenda 2047 – IV | The Express Tribune
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[ad_1] ISLAMABAD: The China-Pakistan Economic Corridor (CPEC) holds the potential to assist Pakistan in revitalising its economy and setting the stage for sustainable development. Following the successful completion of the first phase, CPEC has now entered its second phase. The long-term document of CPEC outlines industrialisation and agricultural cooperation as driving forces during this stage…
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Mackenzie Scott, Jeff Bezos’ ex-wife, sells quarter of Amazon shares worth $10bn
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[ad_1] Philanthropist MacKenzie Scott, before her high-profile divorce from Amazon founder Jeff Bezos. — Money Control Philanthropist and writer Mackenzie Scott reportedly sold 65.3 million of her Amazon shares worth $10 Billion in 2023, People reported. The amount makes up a quarter of what she owns in the company. Following her 2019 divorce from Jeff…
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Election manifesto – PML-N’s cautious optimism on economy | The Express Tribune
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[ad_1] ISLAMABAD: The Pakistan Muslim League-Nawaz has unveiled a cautiously optimistic economic manifesto in a bid to strike a balance between high hopes of the people and harsh ground realities with regard to the country’s dire financial straits, setting mostly achievable goals without unravelling the economic stability. Some of the goals are largely in line…
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Experts see no change in policy rate | The Express Tribune
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[ad_1] KARACHI: Pakistan’s central bank is scheduled to meet on Monday to announce monetary policy for the next six weeks with a majority of experts anticipating no change in policy rate for now as the IMF has recommended to maintain a tight policy to overcome future economic challenges. At the same time, a notable section…
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Chinese banks doing well despite turmoil: Yellen | The Express Tribune
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[ad_1] MILWAUKEE: US Treasury Secretary Janet Yellen said on Friday that Treasury officials visiting Beijing recently received assurances that Chinese banks are “doing well” despite turmoil in the country’s financial and real estate markets, adding that she did not see large spillovers to the US economy at this stage. Yellen told reporters during a visit…
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Why so many Americans are becoming homeless?
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[ad_1] People living in tents in the United States. — AFP/File An increasing number of Americans are becoming homeless due to the financial strain caused by rising rents in recent years as per a new research. A research released on January 25 by Harvard’s Joint Centre for Housing Studies estimates that 653,000 individuals reported being…
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Top 10 jobs that let you work from anywhere and offer up to $100,000
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[ad_1] A representational image of a woman working from home. — Pixabay Wouldn’t it be nice to work from home in your pyjamas while sitting in bed or perhaps while travelling? If yes then do consider a career in accounting, technology, or graphic design. FlexJobs has identified the top companies hiring for work-from-anywhere positions in…
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Electric bikes gain popularity | The Express Tribune
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[ad_1] KARACHI: Out of a total of 18 Electric Vehicle (EV) motorbike brands, ten have been gaining more popularity compared to fuel-driven bikes in the market. Another eight brands are expected to emerge in March, according to experts and analysts. “Ten branded companies have started selling EV motorbikes, while another eight firms will come up…
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Inflation spikes to 43.79% YoY | The Express Tribune
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[ad_1] KARACHI: The week ending January 25 witnessed a sharp surge of 43.79% in inflation, as measured by the Sensitive Price Indicator (SPI), compared to the same week last year. The rise, driven by increased energy and food prices, has placed significant strain on the purchasing power of consumers. This persistent inflationary trend is attributed…
