Latest - Business Recorder

Business & Finance

Govt raises diesel price by Rs1.64, cuts petrol by Rs1.60 per litre

New prices are effective for October 23

Published 22 Oct, 2026 10:43pm

World

UAE plans to invest further 15 billion euros in Greece

Greece receives a substantial 15 billion euro investment boost from the UAE, strengthening partnerships in energy, infrastructure, and healthcare

Published 22 Oct, 2026 09:30pm

Business & Finance

PTC urges PM to mobilise ministries to retain GSP+ under new EU scheme

The Pakistan Textile Council (PTC) has asked Prime Minister Shehbaz Sharif to direct all concerned ministries,...

Published 22 Oct, 2026 09:26pm

Business & Finance

SBP-held forex reserves rise by $19mn to $21.49bn

Total liquid foreign exchange reserves stand at $26.83 billion

Published 22 Oct, 2026 08:21pm

Business & Finance

Privatisation Commission prequalifies 10 parties for IESCO sale

The Privatisation Commission (PC) Board has prequalified 10 interested parties for the privatisation of Islamabad...

Published 22 Oct, 2026 08:07pm

Business & Finance

HBL posts 9M’26 profit before tax of Rs115bn

The bank creates sustainable value for its clients and stakeholders, reads a press release

Published 22 Oct, 2026 06:54pm

Markets

Gulf markets fall as fresh Houthi strikes on Saudi Arabia raise regional risk

Saudi Arabia’s benchmark index declined 2.3%

Published 22 Oct, 2026 06:54pm

Perspectives

Burnout is not a business strategy

For much of the past two decades, Silicon Valley has done more than produce successful companies. It has shaped the...

Published 22 Oct, 2026 06:46pm

World

Millions of hacking attempts as companies, governments rush to patch PHP flaws

Governments and firms worldwide are scrambling to patch critical PHP flaws, causing widespread internet service shutdowns and millions of hacking attempts

Published 22 Oct, 2026 06:46pm

Sports

Brook scores fastest double century in ODI history in rampant England's 429-4

History made: Harry Brook became the first Englishman to hit an ODI double century, scoring an incredible 202 runs and setting a new fastest record

Published 22 Oct, 2026 06:31pm

Sports

Top-ranked Rybakina into Ningbo quarter-finals on return from injury

Rybakina, the world number one, advanced to the Ningbo Open quarter-finals, continuing her strong season performance

Published 22 Oct, 2026 06:24pm

World

Saudi Aramco tells staff to evacuate Dhahran as clashes with Yemen's Houthis continue

Kingdom’s benchmark index dropped 2.5% on Thursday following Aramco news

Published 22 Oct, 2026 05:55pm

Pakistan

President Zardari to visit Germany from today with focus on trade ties

President Asif Ali Zardari will visit Germany from October 22 to 24, with economic and trade cooperation at the top...

Published 22 Oct, 2026 05:44pm

Markets

Asia rice: Indian prices hit more than one-year high on strong rupee, tight supply

India’s 5% broken parboiled variety was quoted at $387-$392 per ton

Published 22 Oct, 2026 05:43pm

Markets

Sri Lankan shares fall for fourth session as consumer staples, financials weigh

CSE All-Share index settled 1.05% lower at 19,717.92 points

Published 22 Oct, 2026 05:39pm

Business & Finance

India's JSW Paints eyes 4, 5-year debt to refinance acquisition-led funding, bankers say

JSW Paints will soon issue bonds to raise 30 billion rupees, primarily for refinancing its Akzo Nobel India acquisition

Published 22 Oct, 2026 05:27pm

World

IMF, OECD warn AI could widen rich-poor country divide

AI could add up to 0.5% to global growth, yet 40% of jobs are exposed, highlighting the urgent need for equitable adoption and skill development

Published 22 Oct, 2026 05:20pm

World

International Criminal Court wins EU's 2026 Sakharov prize

ICC earned its second international recognition this month, affirming global support for its vital work in upholding justice amid challenges

Published 22 Oct, 2026 05:08pm

Markets

Indian rupee snaps eight-day rally as oil climbs to highest since May

South Asian currency endured a volatile trading session, swinging from its strongest level in over six weeks to close down 0.4% at 94.8175 per dollar

Published 22 Oct, 2026 04:59pm

Markets

Indian shares extend losses as high oil prices heighten inflation worries

Nifty 50 fell 0.54% to 22,687.65, and the Sensex shed 0.62% to 73,249.39

Published 22 Oct, 2026 04:57pm

Technology

Spotify forecasts fourth-quarter profit above estimates on AI bets

Spotify's strategic bet on AI, with features like AI DJ and prompt-based playlists, is crucial for its projected profit growth and fending off new competitors

Published 22 Oct, 2026 04:55pm

Markets

LME copper stocks in US climb to 12-year high

Copper stockpiles in US LME warehouses have swelled to record levels, largely due to firms pre-empting upcoming import tariffs

Published 22 Oct, 2026 04:50pm

Business & Finance

Sun Pharma misses debt fundraise goal as investors demand higher yields, bankers say

Sun Pharma missed its 100 billion rupee debt fundraise target, securing 78.16 billion rupees as investors demanded higher yields amid rising interest rates, reflecting market pricing challenges

Published 22 Oct, 2026 04:43pm

World

Rahul Gandhi's nephew says he was forced to remove protest artwork from Delhi exhibition

A government cultural center forced the removal of art by Rahul Gandhi's nephew, citing 'objectionable' content related to youth protests

Published 22 Oct, 2026 04:40pm

Markets

India permits large silver imports despite weak domestic demand

India's substantial silver import permits are expected to cool domestic premiums and impact global market dynamics.

Published 22 Oct, 2026 04:31pm

Markets

Gold price per tola drops by Rs3,000 in Pakistan

International rate of gold declines by $30 to reach $4,090 per ounce

Updated 22 Oct, 2026 07:49pm

Markets

Pakistan rupee records gain against US dollar

Currency settles at 276.85 against greenback

Updated 22 Oct, 2026 07:36pm

Business & Finance

Pakistan’s Interloop to invest $55mn in dairy-processing plant

The company also plans to export part of the production, contributing to Pakistan’s value-added exports

Published 22 Oct, 2026 03:15pm

Pakistan

PM Shehbaz defends emergency, governor’s rule in KP amid rising terrorism

Federal, provincial, and military leaders discuss security and counter-terrorism measures in Khyber Pakhtunkhwa

Updated 22 Oct, 2026 04:23pm

Markets

OGDCL initiates hydrocarbon production at Khairpur’s exploratory well

Production is expected to be progressively ramped up as the well flow stabilises, says OGDC

Published 22 Oct, 2026 02:32pm

Markets

Barclays bank to cut about 5,000 jobs amid AI drive

The announcement came alongside an earnings update that showed Barclays’ net profit grew 13 percent in the third quarter

Published 22 Oct, 2026 02:02pm

Pakistan

Runway to runway: HSY to design the new look of PIA crew

Collection to make its official skyward debut on Oct 31

Updated 22 Oct, 2026 02:16pm

Markets

Pakistan can triple incomes by 2050 with faster reforms: World Bank

Pakistan now has the opportunity for faster and sustained economic growth and job creation, says the global lender

Updated 22 Oct, 2026 02:48pm

Markets

Thai baht/US dollar weaker on Thursday

The baht was 0.15% lower at 33.61 versus the dollar, after trading in a range of 33.580 to 33.650

Published 22 Oct, 2026 01:08pm

Markets

South Korea's KOCOPIA tenders for about 55,000 tons corn, traders say

The deadline for submission of price offers in the tender is also Thursday, October 22

Published 22 Oct, 2026 01:05pm

Markets

South African rand pressured by rising oil prices as investors weigh budget review

The rand traded at 16.45 against the dollar , roughly down 0.5% from its previous close

Published 22 Oct, 2026 01:03pm

Markets

Audi gets new China leadership to face bruising competition

Jeff Zhang, who most recently served as vice president and CEO of Chinese auto group Chery

Published 22 Oct, 2026 01:01pm

Life & Style

Pakistani-origin surgeon Asif Hasan receives Pride of Britain Lifetime Achievement Award

Hasan spearheaded critical breakthroughs in paediatric care

Published 22 Oct, 2026 12:51pm

Business & Finance

IMF flags rising inflation risks for Pakistan amid Middle East conflict

Over the medium term, the IMF warned that the external position could weaken in Pakistan

Published 22 Oct, 2026 12:45pm

World

Two killed, 8 injured in attack on airport in Saudi oil city Dammam

Those killed were a Saudi citizen and an Indian national, the authority said

Published 22 Oct, 2026 12:27pm

Markets

Nokia profit doubles in 3rd quarter on AI spending

Profit in the quarter rose to 156 million euros ($175 million) from 80 million in the same period the year before

Published 22 Oct, 2026 12:20pm

Markets

Copper falls as rising inventories cool supply worries

Benchmark three-month copper on the LME was down 0.44% at $14,293.5 a metric ton

Published 22 Oct, 2026 12:16pm

Markets

DeepSeek wrapping up $15 billion fundraising to fuel AI race

The fundraising is set to be complete in the coming days, but financial details are not ironclad and could still change, the other person said

Published 22 Oct, 2026 12:14pm

Markets

Soybeans flat as US harvest pressure weighs; corn firms

soybeans were little changed on Thursday as harvest pressure weighed on prices

Published 22 Oct, 2026 12:11pm

Markets

Japan's Nikkei slips as chip shares pressured by AI capex caution

The tech-heavy Nikkei lost 0.8% to 64,128.54

Published 22 Oct, 2026 12:09pm

Sports

Saka injury doesn't look good, says Arsenal manager Arteta

The 25-year-old clutched his left thigh after falling while attempting a pass and was replaced by Eberechi Eze

Published 22 Oct, 2026 12:08pm

Markets

South Korean shares fall on profit taking; BOK in focus

The benchmark KOSPI was down 66.34 points, or 1.16%, at 5,669.32

Published 22 Oct, 2026 12:04pm

Markets

New Zealand dollar steady as inflation miss leaves hawks unruffled

The figures showed consumer prices rose 0.7% in the third quarter, nudging the annual pace down to 3.7% from 4.1%

Published 22 Oct, 2026 12:01pm

Business & Finance

AI could reshape Pakistan’s labour market, puts service-sector jobs in focus: World Bank

Says over 80pc of workers in key service subsectors face high AI exposure

Published 22 Oct, 2026 12:01pm

Markets

China's yuan climbs to fresh 4-year high, global central bank meetings in focus

Attention is now turning to a series of major central bank meetings next week, with the Federal Reserve

Published 22 Oct, 2026 12:00pm

Markets

IMF sees 1.3% contraction in Middle East, North Africa and Pakistan in 2026

IMF said its baseline assumed that the conflict would abate in early 2027 and that trade would gradually normalize during the year

Published 22 Oct, 2026 11:56am

Markets

India bond selloff to continue as RBI policy minutes hint at more rate hikes

The benchmark 6.94% 2036 bond yield may trade between 7.40% and 7.47%

Published 22 Oct, 2026 11:53am

Markets

Hong Kong stocks slide to four-month low as stimulus hopes fade

In Hong Kong, the benchmark Hang Seng index tumbled 2.9%, while the city’s tech shares dived 4.6%

Published 22 Oct, 2026 11:51am

Markets

Crude palm oil prices to stay above $1,128 per ton in November, MPOC says

'This should provide further support to palm oil prices in the final quarter of 2026,' MPOC said

Published 22 Oct, 2026 11:21am

Markets

Gold drops over 1% as oil rally reinforces higher-for-longer rate outlook

Spot gold slid 1.1% to $4,094.90 per ounce

Published 22 Oct, 2026 11:17am

Markets

Australian shares head for worst day in two weeks as banks and miners drag

The S&P/ASX 200 index fell 0.7% to 8,775.30

Published 22 Oct, 2026 11:06am

Business & Finance

Govt forms committee to review gas levy policy amid exporters' concerns

The meeting extensively reviewed industrial energy costs, particularly the gas levy and its impact on export competitiveness

Published 22 Oct, 2026 11:03am

World

Iran's IRGC Navy says seven vessels hit, warns US of wider response

The IRGC added that three ‌more ⁠vessels collided with mines west of the Strait of Hormuz

Published 22 Oct, 2026 10:50am

World

Russia hits port infrastructure in Ukraine's Odesa region, vessels used by Ukrainian army, defence ministry says

Russian armed forces carried out a 'massive strike' overnight on port

Published 22 Oct, 2026 10:34am

Technology

Experts call for national roadmap to expand Pakistan’s freelance workforce

IT experts and industry analysts have called for a coordinated national strategy to expand Pakistan’s freelance...

Published 22 Oct, 2026 10:00am

Markets

PSX: KSE-100 down over 2,000 points amid escalating ME conflict

Benchmark index settles at 163,924.31

Updated 22 Oct, 2026 05:30pm

Business & Finance

Nora EV announces revised prices

It is the country’s first EV that allows for battery swapping

Updated 22 Oct, 2026 10:49am

World

North Korea's Kim Yo Jong warns South Korea, says border loudspeakers to be ready within days

The statement came with a warning to Seoul of 'the most horrible and distressing situation' if South Korea continued what Pyongyang calls interference in the North's internal affairs.

Published 22 Oct, 2026 08:24am

Markets

Indian rupee traders weigh Jio IPO flows against oil price risks

The Indian rupee is expected to ‌open in 94.44-94.50 range, per traders, after settling at 94.46 to the dollar on Wednesday

Updated 22 Oct, 2026 10:28am

World

Putin agrees to resume 3-way peace talks with Ukraine and US

Wednesday’s encounter unfolded amid concerns in Kyiv and among its allies that the United States is backing away from Ukraine

Published 22 Oct, 2026 08:13am

Markets

Australia's ASX says 'turning point' reached after trading outages

The ASX has faced a number of trading outages and settlement delays over the past three years following a failed technology overhaul

Published 22 Oct, 2026 08:04am

World

Canada's Carney visits Turkiye in push to ease US trade dependence

Carney and Erdogan are expected to sign a declaration deepening cooperation in four areas including defense and energy, a person briefed on the matter said

Published 22 Oct, 2026 08:01am

Markets

Nestle, Zydus, Abbott face India scrutiny over claims on children's products

The action comes days after the regulator proposed banning the addition of sucrose and fructose to foods for infants up to six months old

Published 22 Oct, 2026 07:56am

Markets

Southwest Airlines cuts profit forecast as fuel costs overshadow turnaround gains

The Dallas-based carrier expects adjusted earnings of $2.60 to $2.85 per share in 2026, down from its earlier forecast of $3.25 to $4.25

Published 22 Oct, 2026 07:52am

Markets

Bank of Korea holds rates as expected after back-to-back hikes

The seven-member monetary policy board at the BOK voted to keep the seven-day repurchase rate ‌at ⁠3.00%

Published 22 Oct, 2026 07:50am

Markets

Indian shares seen opening lower as high oil prices fuel inflation worries

GIFT Nifty futures were ‌at 22,643

Published 22 Oct, 2026 07:45am

Markets

Dip in the dollar takes a breather with Fed in focus

Sterling , which hit a one-month high of $1.3409 earlier in the week, has been supported hotter-than-expected British inflation ⁠and held at $1.33955

Published 22 Oct, 2026 07:43am

Markets

Asian markets dip as investors weigh tech earnings, Gulf tensions

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.2%

Published 22 Oct, 2026 07:39am

Markets

Oil hits five-month high as Houthi attacks stoke supply fears

Brent futures rose $2.42, or 2.2%, to $111.24 a barrel

Updated 22 Oct, 2026 08:42pm

Business & Finance

Explosives ban renders 4,000 mining projects inoperative in KP: FMOA

PESHAWAR: Frontier Mine Owners Association office bearers have urged the officials of relevant departments to focus...

Published 22 Oct, 2026 06:48am

Pakistan

PDP demands cut in oil prices

KARACHI: Azam Minhas, Vice Chairman of the Pasban Democratic Party (PDP), has demanded an immediate reduction in the...

Published 22 Oct, 2026 06:45am

Pakistan

Saudi envoy meets Governor, seeks enhanced cooperation

LAHORE: The newly appointed Ambassador of the Kingdom of Saudi Arabia to Pakistan, Dr Rajeh Tami Al-Baqami, called...

Published 22 Oct, 2026 06:43am

Pakistan

Sindh prepares to strengthen climate response

KARACHI: The Sindh government has prepared to strengthen its climate response through improved access to climate...

Published 22 Oct, 2026 06:40am

Business & Finance

Pharma exports fall in FY26; decline extends into Q1FY27

KARACHI: Pakistan’s pharmaceutical exports fell sharply in FY26 and continued to decline in the first quarter of...