Business News
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Chinese Evergrande files for Chapter 15 bankruptcy in Manhattan
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[ad_1] A general view of the Evergrande Center building in Shanghai. — AFP/File NEW YORK: Embattled Chinese property giant Evergrande Group filed for bankruptcy protection in the United States on Thursday, court documents showed, a measure that protects its US…
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Mortgage interest rates soar to highest levels in over two decades in US
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[ad_1] Mortgage interest rates soar to highest levels in over two decades in US. npr.org/ Mortgage interest rates in the United States have surged to their highest levels since 2002, causing concerns for potential homebuyers. The average interest rate on a…
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Gold continues gaining streak in Pakistan
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[ad_1] A shopkeeper waits for customers at his gold jewellery store in Hyderabad’s Resham Bazar on November 12, 2020. — APP KARACHI: The price of gold jumped for the third time in Pakistan on Thursday despite the international rates declining…
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Forex reserves rise $12m to $8.1b | The Express Tribune
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[ad_1] KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) have increased by 0.14% on a week-on-week basis, reaching $8.1 billion, according to data released by the central bank on Thursday. By the end of the week…
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Interim setup picks pro-liberal policies duo | The Express Tribune
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[ad_1] ISLAMABAD: The interim government has picked an experienced duo of Dr Shamshad Akhtar and Dr Waqar Masood Khan to steer the country out of a prolonged economic crisis. The two new wizards are known for their pro-International Monetary Fund…
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Exchange rate difference remains high | The Express Tribune
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[ad_1] KARACHI: The difference between rupee-dollar exchange rates in inter-bank and open markets has remained significantly high compared to the International Monetary Fund’s (IMF) recommended level of 1.25%, breaching a lender’s condition and putting question mark over the ongoing $3…
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Are you making this mistake in business? Learn from a startup pro for ultimate success
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[ad_1] Are you making this mistake in business? Learn from a startup pro for ultimate success. Representational image from Unsplash Confidence is crucial when you’re diving into the business world, but there’s a pitfall you need to avoid: overconfidence. Successful…
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Kakar sees SIFC as engine of prosperity | The Express Tribune
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[ad_1] ISLAMABAD: Caretaker Prime Minister Anwaarul Haq Kakar on Wednesday said that the recently-instituted Special Investment Facilitation Council (SIFC) would continue to work as before in laying the foundations for fast-track foreign investments — particularly from Saudi Arabia. The prime…
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Debt soars Rs18.5tr during PDM govt | The Express Tribune
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[ad_1] ISLAMABAD: In an alarming development, the Pakistan Democratic Movement (PDM) government added Rs18.5 trillion to the public debt in just 15 months, which was more than the debt accumulated by its arch-rival Pakistan Tehreek-e-Insaf in its three-and-a-half-year tenure, reveals…
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Rupee extends losses against US dollar in interbank
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[ad_1] A man is counting US dollars in this representational image. — AFP/File The local currency depreciated against the US dollar for the second consecutive working day on Wednesday, closing at Rs294.93 in the interbank market. The rupee fell by…
