Latest - Business Recorder

World

Trump says Russia to supply diesel to US and global market

Move comes as prices of diesel are near record highs ahead of November 3 congressional elections in US that will determine control of Congress

Published 10 Oct, 2026 12:55am

World

India rejects monopoly claim after Musk accuses Ambani of blocking Starlink launch

Musk's SpaceX unit is seeking entry into a telecom market with more than a billion internet users

Published 10 Oct, 2026 12:45am

World

Powerful quake hits Panama, damages homes; canal operations normal

The quake's epicenter was close to the rural community of La Pitaloza in a sparsely populated area of Herrera

Published 10 Oct, 2026 12:41am

Perspectives

Pakistan’s 5mn+ SMEs building on rented land

Pakistan’s digital economy is growing. Its commerce infrastructure isn’t. Our country’s more than five million small...

Published 09 Oct, 2026 11:10pm

Business & Finance

RLNG supply constraints: KE warns of 'load management' during peak hours

Daytime power supply would remain largely stable, KE spokesperson says

Published 09 Oct, 2026 10:40pm

Business & Finance

Govt cuts petrol price by Re0.66, raises diesel by Re0.52 per litre

New prices to remain effective from Oct 10 to Oct 12

Published 09 Oct, 2026 10:40pm

World

UAE says Omani flydubai co-pilot planned suicide attack on Tel Aviv flight

A flydubai co-pilot's plot to crash a Dubai-Tel Aviv flight into Ben Gurion airport, inspired by 9/11, was foiled by his colleague

Published 09 Oct, 2026 09:54pm

World

US imposes sanctions on International Criminal Court hours after former judge wins Nobel

Court denounces move as “assault on the rule of law and on the very foundations of the international legal order" and called on its 125 member states to take action to defend it.

Published 09 Oct, 2026 09:30pm

Technology

PTA proposes KYC checks, 90-day cap on foreign roaming SIMs

Travel eSIM aggregators to be registered; non-compliant connections may face blocking

Updated 09 Oct, 2026 09:26pm

Markets

Wall St climbs as oil slips; SpaceX spectrum deal weighs on telecoms

Dow Jones Industrial Average rose 136.24 points

Published 09 Oct, 2026 07:51pm

Business & Finance

India's Jio Platforms targets $106 billion valuation in IPO, sources say

Mukesh Ambani's Jio Platforms, backed by Meta and Google, eyes a $106 billion valuation in India's largest-ever public listing

Published 09 Oct, 2026 07:47pm

Sports

Fury-Joshua showdown sells out in an hour as demand surges, reports

The highly anticipated Fury vs. Joshua fight in Cardiff saw all 80,000 tickets sell out in a record-breaking hour, underscoring its immense significance as a British boxing event

Published 09 Oct, 2026 07:35pm

Markets

Pakistan registers $3.6bn in remittances for September 2026

Workers’ remittances show 12.7% increase on year-on-year basis, 1.9% decrease on month-on-month basis in September

Published 09 Oct, 2026 07:19pm

Markets

UAE stocks end mixed as easing Iran tensions lift Dubai

Dubai’s benchmark index snapped a three-session losing streak to close 0.3% higher

Published 09 Oct, 2026 05:34pm

Markets

Utilities stocks lift Sri Lankan shares higher

CSE All-Share index settled 0.41% higher at 20,316.91 points

Published 09 Oct, 2026 05:29pm

World

Trump administration freezes green cards for Microsoft, IT firms, probes universities

US suspends Microsoft and major IT firms from green-card programs, also probing top universities, to combat alleged visa fraud

Published 09 Oct, 2026 05:10pm

Markets

India bonds extend weekly slide; struggle to shake off RBI hike, hawkish stance shift

Benchmark 6.94% 2036 bond ended at 7.2994% on Friday

Published 09 Oct, 2026 05:01pm

Markets

Palm slips over 1% after no duty waiver but still log weekly gain

Dalian’s most-active soyoil contract rose 0.91%

Published 09 Oct, 2026 04:54pm

Markets

PSO inks SPA with Oman's OQ Trading for petroleum supplies

SPA aims to promote and develop cooperation between OQ Trading and PSO in the field of energy

Published 09 Oct, 2026 04:21pm

Pakistan

Pakistan working to narrow differences in Iran-US conflict, says DG ISPR

Says Pakistan has been an ‘honest broker’ in Iran-US conflict

Published 09 Oct, 2026 04:13pm

World

Trump envoy kept financial ties to firm behind $15 billion Hormuz-bypass oil pipeline plan

Diplomat Thomas Barrack faces ethics concerns for reportedly pushing his business partner's firm into a major Iraq-Syria oil pipeline project, violating federal impartiality rules

Published 09 Oct, 2026 03:59pm

Markets

World economic growth to slow to 2.6% in 2026, UN trade body says

Global economic growth is forecast to slow to 2.6% by 2026, with the Middle East crisis and AI boom creating significant challenges

Published 09 Oct, 2026 03:44pm

Markets

Rupee registers gain against US dollar

Settles at 277.00 against the greenback

Updated 09 Oct, 2026 08:10pm

Markets

India rupee posts weekly fall despite rate hike amid adverse flows, weak sentiment

Indian rupee closed at 96.73 per dollar

Published 09 Oct, 2026 03:38pm

Markets

Indian shares rise, end longest weekly losing streak in 25 years

Nifty 50 rose 1.3% to 22,520.45 and the BSE Sensex added 1.23% to 72,472.33

Published 09 Oct, 2026 03:34pm

Business & Finance

Drive fuel-free: Chery Master offers PKR 1.29 Million upfront savings on Tiggo 8 Super Hybrid AWD

Limited stock price lock offer with a complimentary 7 kW home charger worth PKR 100,000

Published 09 Oct, 2026 03:29pm

Life & Style

IIOJK filmmaker Arfat Sheikh released from US ICE detention, campaign says

IIOJK filmmaker Arfat Sheikh, detained by ICE, is now out on bond, with his deportation case still pending

Published 09 Oct, 2026 03:28pm

Markets

Gold price per tola surges by Rs5,900 in Pakistan

International rate of gold increases by $59 to reach $4,184 per ounce

Updated 09 Oct, 2026 11:34pm

World

South Africa's Navanethem 'Navi' Pillay wins 2026 Nobel Peace Prize

The Nobel Peace Prize, worth 12 million Swedish crowns, or about $1.2 million, is due to ‌be ⁠presented in Oslo on December 10

Updated 09 Oct, 2026 03:01pm

Sports

Abbas Afridi to lead Pakistan in Hong Kong Sixes 2026

Pakistan placed in Pool C for 12-team tournament starting October 30

Published 09 Oct, 2026 02:13pm

Sports

New Zealand's Chapman, Foulkes ruled out of India T20s through injury

New Zealand host India in five T20s, five one-day internationals (ODIs) and two tests, with the opening T20 in Christchurch on October 22

Published 09 Oct, 2026 02:07pm

Markets

South African rand set to snap four-week losing streak

The currency fell 2% last week, its sharpest weekly decline during the recent run of losses

Published 09 Oct, 2026 02:04pm

World

Three Saudi nationals killed in attacks on Riyadh airport, aviation authority says

Yemen's Houthis said on Thursday they had attacked the airport with two cruise missiles

Published 09 Oct, 2026 01:59pm

Business & Finance

FBR proposes expanding tax rules from YouTube to all social media platforms

FBR has drafted notifications proposing amendments to the Income Tax Rules

Published 09 Oct, 2026 01:52pm

Sports

Australia fight back in first test before bad light ends opening day's play

Australia recovered to 187-6 on day one, with Cummins and Renshaw forging a vital 63-run partnership against South Africa

Updated 09 Oct, 2026 07:40pm

Markets

Apple cuts iPhone 18 Pro orders due to soft demand, Nikkei Asia reports

Apple has told some suppliers to cut production of components for its newly launched iPhone 18 Pro and iPhone 18 Pro Max

Published 09 Oct, 2026 01:27pm

Business & Finance

The cheapest megawatt Pakistan isn't producing

Pakistan’s energy conversation has, for months, revolved around a single question: who should sell electricity to...

Updated 09 Oct, 2026 03:26pm

Pakistan

PIA suspends flights to Riyadh amid Middle East situation

Flight operations to Saudi Arabia continuing normally, PAA clarifies, dismissing social media speculation

Updated 09 Oct, 2026 04:29pm

Business & Finance

SECP registers 5,241 new companies in September

99.9% of the new registrations were completed online through the SECP’s eZfile portal

Published 09 Oct, 2026 12:32pm

Business & Finance

PTML challenges PTA order to suspend ONIC operations

Takes PTA to court over ONIC shutdown order

Published 09 Oct, 2026 12:31pm

World

India deploys thousands of police ahead of election protest

Protesters, including from the youth-led Cockroach Janta Party movement, are calling for mass rallies in New Delhi on Saturday

Published 09 Oct, 2026 12:22pm

Business & Finance

PIA and Norse Atlantic sign partnership for two Boeing 787-9 Dreamliners

Under the partnership, Norse provides the aircraft, crew, maintenance and insurance to PIA

Updated 09 Oct, 2026 07:09pm

Pakistan

PM Shehbaz calls on Houthis to immediately cease attacks on Saudi Arabia

Reaffirms Pakistan’s commitment to Saudi security under defence pact

Published 09 Oct, 2026 11:57am

Markets

China's blue-chip stocks hit over one-year low on AI-linked supply chain selloff

The CSI300 Index dropped 1.3% by the lunch break to its lowest level since August 2025

Published 09 Oct, 2026 11:54am

Markets

Australia, NZ dollars steady above lows; bonds get some relief

That helped the Aussie steady at $0.6960, having edged up from a $0.6933 trough overnight

Published 09 Oct, 2026 11:53am

Markets

Yuan firms as dollar slips, PBOC rejects undervaluation claims amid EU talks

The spot yuan opened at 6.7000 per dollar and was last trading at 6.6987

Published 09 Oct, 2026 11:51am

Markets

Thai baht/US dollar stronger on Friday

The baht was 0.2% higher at 33.58 versus the dollar, after trading in a range of 33.570 to 33.663

Published 09 Oct, 2026 11:48am

Markets

SoftBank seeks up to $100 billion from Gulf investors for AI push, FT reports

8 Son has held discussions in recent weeks with senior figures, including in the United Arab Emirates, about the potential fundraising

Published 09 Oct, 2026 11:46am

Markets

Copper rebounds as supply risks, China demand lend support

Benchmark three-month copper on the London Metal Exchange rose 1.08% to $14,464 a metric ton

Published 09 Oct, 2026 11:45am

World

Venezuela's Machado calls for elections by July, FT reports

Machado also called for transparency in the management of proceeds from Venezuela’s oil sales, which are being overseen by Washington

Published 09 Oct, 2026 11:43am

Markets

US 10-year Treasury yield risks hitting 6% for first time since 2000, Pimco's Ivascyn tells FT

US Treasury yields are a yardstick for global borrowing costs and asset prices

Published 09 Oct, 2026 11:40am

World

Ukraine strike kills two in Russia's Belgorod, TASS says

A drone attack on the central region of Kaluga also injured nine, it added

Published 09 Oct, 2026 11:32am

Markets

Poland may need rate hike in November, central banker says

Poland's central bank kept its main interest rate at 3.75% on Wednesday, as inflation rose to 4.0% annually in September

Published 09 Oct, 2026 11:28am

Markets

China to resume October fuel exports after a brief halt, four trade sources say

China has approved October exports of the three fuels at around 3.7 million metric tons combined

Published 09 Oct, 2026 11:26am

Markets

Palm tick up on stronger soyoil; still set to snap two-week decline

Palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange climbed 5 ringgit, or 0.11%, to 4,666 ringgit a metric ton

Published 09 Oct, 2026 11:24am

Markets

Japan's Nikkei falls as AI doubts, bond stress weigh

The Nikkei 225 slid 1.06% to 68,308.92 in early trading, poised for a slight weekly decline

Published 09 Oct, 2026 11:23am

Markets

Australian shares climb as banks, gold stocks shine

The S&P/ASX 200 index rose 0.5% to 8,699.80 points

Published 09 Oct, 2026 11:21am

Business & Finance

Meezan Bank approves Rs49bn in financing under govt’s GHTA Scheme

Meezan Bank has approved 6,880 housing finance cases worth approximately Rs49 billion under the Wazir-e-Azam Apna...

Published 09 Oct, 2026 11:17am

Markets

India bonds gain as oil, Treasuries decline; debt auction remains key

The benchmark 6.94% 2036 bond yield was at 7.2667%

Published 09 Oct, 2026 10:58am

Markets

Indian rupee strengthens on firm central bank intervention, oil retreat

The currency faced pressure in early trading, but traders said the central bank likely intervened near 96.80

Published 09 Oct, 2026 10:44am

Business & Finance

Govt calls for wider export credit protection, financing access for small exporters

CEO said coverage could extend to up to 90% of the insured risk

Published 09 Oct, 2026 10:23am

Technology

BYD in talks to bring ultra-fast charging technology to Pakistan

BYD’s second-generation Blade Battery powers its Mega Flash Charging technology

Published 09 Oct, 2026 10:10am

Markets

PSX: KSE-100 slips lower, sheds 353 points after early gains fade

Benchmark index settles at 167,089.27

Updated 09 Oct, 2026 07:54pm

World

Malaysia closes schools in several states, territories due to haze

Malaysia’s Air Pollutant Index classifies air quality as “unhealthy” from ‌101 ⁠to 200, 'very unhealthy' from 201 to 300, and 'hazardous' above 300

Published 09 Oct, 2026 07:57am

World

UK PM Burnham's Labour fends off left-wing Greens in local election

Labour candidate Sagal Abdi-Wali, the leader of the local council, won the by-election in the central London constituency of Holborn and St Pancras with 12,292 votes

Published 09 Oct, 2026 07:53am

Pakistan

‘YAHYA-The Lion of AQSA’ animated series launched

KARACHI: An animated series for children, titled “YAHYA-The Lion of AQSA” and inspired by the life and sacrifices of...

Published 09 Oct, 2026 07:47am

Markets

Euro skids toward fifth weekly fall but selling pressure slows

The euro/sterling cross is also down 0.3% ⁠on the week to trade near a 16-month low at 84.74 pence

Published 09 Oct, 2026 07:45am

Pakistan

Voter registration in Sindh: Drive underway to reduce gender gap

HYDERABAD: A voter registration campaign aimed at reducing the gender gap in electoral rolls is under way in 16...

Published 09 Oct, 2026 07:45am

Business & Finance

EFP Platinum Jubilee marked: Governor calls for stronger govt-business-labour partnership

KARACHI: Sindh Governor Syed Muhammad Nihal Hashmi has called for stronger cooperation among the government,...

Published 09 Oct, 2026 07:43am

Business & Finance

‘Asian Experience Awards’: JS Bank recognised with best digital experience

KARACHI: JS Bank has been recognized with the Best Digital Experience in Pakistan award at the Asian Experience...

Published 09 Oct, 2026 07:42am

Markets

Indian shares likely to rebound after selloff, but oil surge may cap gains

GIFT Nifty futures were at 22,379.5

Published 09 Oct, 2026 07:41am

Pakistan

KP cabinet okays additional funding for CTD KP

PESHAWAR: Provincial cabinet of Khyber Pakhtunkhwa has approved additional funding of Rs5,333.50 million for the...

Published 09 Oct, 2026 07:40am

Pakistan

Lahore admin intensifies operations to boost urban governance

LAHORE: The Lahore District Administration has intensified multi-sectoral operations across the provincial capital...

Published 09 Oct, 2026 07:38am

Markets

Oil falls as Trump comments on Iran talks ease supply concerns

Brent crude futures dropped $1.10, or 1.1%, to $103.18 a barrel

Updated 09 Oct, 2026 07:28pm

Business & Finance

LCCI chief appreciates Rs2trn SME financing target

LAHORE: The President of the Lahore Chamber of Commerce and Industry (LCCI), Ali Hussam Asghar, has appreciated...

Published 09 Oct, 2026 07:30am

Markets

Tech stocks struggle on AI spending worries, elevated yields

In stocks, MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.16%, set for an over 1% drop for the week

Published 09 Oct, 2026 07:30am

Pakistan

Camera, mic equipped smart glasses: LHC summons authorities for not responding to petition on unregulated sale

LAHORE: The Lahore High Court (LHC) on Thursday summoned the secretaries for Interior, Commerce division, the...

Published 09 Oct, 2026 07:29am

Pakistan

Alleged use of govt resources: PHC seeks response from KP CM

PESHAWAR: The Peshawar High Court (PHC) has sought a response from Khyber Pakhtunkhwa Chief Minister Sohail Afridi...

Published 09 Oct, 2026 07:27am

Pakistan

Protecting minorities also moral responsibility of citizen: Minister

LAHORE: Punjab Housing Minister Bilal Yasin has said that practical measures are being taken in line with the vision...

Published 09 Oct, 2026 07:25am

Markets

Gold rises on softer dollar, easing yields; Fed outlook in focus

Spot gold rose 0.9% to $4,169.32 per ounce

Published 09 Oct, 2026 07:24am

Business & Finance

Foreign income: IRIS drops reduced tax rate option

ISLAMABAD: Taxpayers declaring foreign income are facing serious difficulties in filing their income tax returns for...

Published 09 Oct, 2026 06:25am

Business & Finance

Share transfers: Foreign investors seeking clarity on FBR exemption certificates

ISLAMABAD: Foreign investors have strongly emphasised the need for a streamlined and time-bound exemption...

Published 09 Oct, 2026 06:23am

World

Ex-prince Andrew search warrants quashed after police accept legal error

LONDON: British police on Thursday said that search warrants they secured to search properties linked to Andrew...

Published 09 Oct, 2026 06:20am

Business & Finance

FBR stops processing advance ruling applications

ISLAMABAD: The Federal Board of Revenue (FBR) has stopped publishing the details of advance rulings issued to the...

Published 09 Oct, 2026 06:09am

Business & Finance

Finance clarifies nature of Rs10.1trn SOE debt

ISLAMABAD: The Ministry of Finance and Revenue on Thursday clarified that the Rs10.1 trillion debt figure reported...

Published 09 Oct, 2026 06:07am

Business & Finance

Efforts will be fast-tracked to finalise Pakistan-GCC FTA

ISLAMABAD: Pakistan and Bahrain on Thursday agreed to fast-track efforts to finalise the Pakistan-GCC Free Trade...

Published 09 Oct, 2026 06:05am

Markets

NPMC informed: WPI-based inflation jumps 13.3pc YoY

ISLAMABAD: The inflation based on Wholesale Price Index (WPI) jumped 13.3 percent year-on-year, while weekly...

Published 09 Oct, 2026 06:01am

Pakistan

Afridi-led convoy enters Peshawar

KARACHI: A convoy led by Khyber Pakhtunkhwa Chief Minister Sohail Afridi entered Peshawar on Thursday evening as PTI...

Published 09 Oct, 2026 05:56am

Business & Finance

foodpanda and HBL expand strategic partnership

KARACHI: foodpanda and HBL has announced to expand strategic partnership for greater digital payment adoption. The...