Latest - Business Recorder

Pakistan

PM orders cancellation of licences of petrol pumps denying fuel subsidy

Hails the tech-based fuel subsidy as a transparent game-changer, setting a new standard for future public welfare initiatives

Published 05 Nov, 2026 04:26pm

World

India in final-stage talks to expand missile sale to Philippines, sources say

India is set to expand its BrahMos supersonic missile sales to the Philippines, a move that will significantly boost Manila's defense capabilities

Published 05 Nov, 2026 04:21pm

Markets

Indian rupee finds its footing as oil worries cool, traders watch flow momentum

Indian rupee's reaction was more tepid with a 0.2% gain to end at 94.4750 dollar

Published 05 Nov, 2026 04:11pm

Markets

Indian shares log biggest gains in seven months on oil slide, foreign flows

Nifty 50 jumped 2.4% to 24,536.6, while the Sensex added 2.4% to 79,310.01

Published 05 Nov, 2026 04:08pm

Markets

Gold price jumps Rs9,600 per tola in Pakistan

International rate of gold gains $96 to reach $4,131 per ounce

Published 05 Nov, 2026 04:08pm

Sports

Cristiano Ronaldo announces retirement from Portugal national team

Cristiano Ronaldo confirms his retirement from the Portugal national team, marking the end of an iconic era for international football

Published 05 Nov, 2026 04:05pm

Markets

Rupee registers gain against US dollar

Settles at 276.67

Updated 05 Nov, 2026 04:26pm

World

Bomb alerts force flights to land in France, Bulgaria, Belgium

Several European airliners were forced into unplanned landings due to bomb threats, continuing a trend of security alerts impacting air travel

Published 05 Nov, 2026 03:58pm

Business & Finance

Ghandhara Automobiles delays T9 Hunter PHEV launch pending new auto policy: report

The company sold 1,928 units of the T9 Hunter in FY26

Published 05 Nov, 2026 03:34pm

Pakistan

Pakistan, UK agree to deepen cooperation in security, trade, migration

Ishaq Dar, UK minister discuss bilateral ties, regional developments

Published 05 Nov, 2026 03:34pm

World

Saudi Arabia issues warning of potential danger in Yanbu oil hub

Saudi Arabia’s civil defence issued an alert on Thursday warning of potential danger in Yanbu Governorate

Published 05 Nov, 2026 02:45pm

Markets

German stocks hit record high after US midterm elections

The blue-chip DAX index rose almost 0.7 percent to 26,646.32 points

Published 05 Nov, 2026 02:38pm

Business & Finance

SSGC profit drops 26% to Rs2.5bn in FY26

The company did not announce a cash dividend during the period

Published 05 Nov, 2026 02:37pm

Pakistan

Punjab local govt elections to begin on Feb 7 next year: ECP

Electoral body announces to hold first phase of LG polls after considering Punjab govt requests

Published 05 Nov, 2026 02:34pm

World

Republicans call for Trump to change course after midterm drubbing

Veteran Republican strategist John Feehery called the results a 'huge disaster' for Trump

Published 05 Nov, 2026 02:26pm

Sports

Ballon d'Or winner Kane signs Bayern extension until 2029

He was the first Englishman to win the prestigious award since Michael Owen in 2001

Published 05 Nov, 2026 02:20pm

Sports

Como equal Champions League record with stunning 9-1 win at Lens

Como’s first Champions League campaign is already a resounding success, featuring dazzling 4–1 victories over both RB Leipzig and Manchester United

Published 05 Nov, 2026 01:59pm

Sports

Australia's Starc displaces Jansen at top of ICC Test bowling rankings

Starc was the leading wicket taker in the recently concluded series in South Africa, ⁠picking up 15 wickets in three Tests

Published 05 Nov, 2026 01:41pm

Pakistan

PHC barred from hearing petitions against 3-MPO arrests

FCC issues notices to all relevant parties, adjourns further proceedings indefinitely

Published 05 Nov, 2026 01:39pm

Markets

European shares rise on mining gains; tech lags

The pan-European STOXX 600 index rose ⁠0.5% to 660.33 points

Published 05 Nov, 2026 01:30pm

Markets

Sony lifts annual earnings outlook as profits surge

The firm now expects to earn 1.33 trillion yen ($8.4 billion) for the year to March

Published 05 Nov, 2026 01:17pm

Markets

Emirates Group says first-half profit drops 66%

Half-year profit after tax stood at 3.6 billion AED ($1 billion), the group said in a statement

Published 05 Nov, 2026 01:09pm

Markets

Nintendo quarterly net profit drops as Switch 2 unit sales slow

Nintendo reported an 11 percent year-on-year rise in net profit for the first half of 2026-27

Published 05 Nov, 2026 01:07pm

Sports

West Indies win toss, bat in second Bangladesh Test

The 23-year-old Wickham scored an unbeaten 67 in a practice match against a BCB XI

Published 05 Nov, 2026 01:05pm

Business & Finance

Airlink Communication Limited launches AirV, marking its strategic entry into Pakistan’s electric vehicle industry

Airlink expands its business portfolio with the introduction of its own EV bike brand, AirV

Updated 05 Nov, 2026 03:40pm

Business & Finance

Bank of Punjab launches Pakistan’s first Mastercard World Elite Credit and Debit Cards

The Bank of Punjab (BOP), in partnership with Mastercard, has launched Pakistan’s first Mastercard World Elite...

Published 05 Nov, 2026 12:50pm

World

Iran's IRGC says two tankers and tugboat caught fire in Strait of Hormuz

One tanker struck a mine while attempting to cross a passage south of the strait

Published 05 Nov, 2026 12:43pm

Pakistan

PTA dismisses fake notification about TikTok ban in Pakistan

Urges public not to share or rely on unverified information on social media

Updated 05 Nov, 2026 01:13pm

Markets

Japan stocks mostly soar on US midterms but AI-related ones extend tumble

The broad Topix rose 1.3% as of 0131 GMT, and was earlier up as much as 2.4%

Published 05 Nov, 2026 12:37pm

Markets

Thailand central bank chief says 2% growth not enough

The central bank has forecast growth of 2.4% this year and 2.1% next year

Published 05 Nov, 2026 12:35pm

Markets

Iron ore hits 1-month high as China stock rally lifts sentiment

The benchmark December iron ore on the Singapore Exchange was 0.87% higher at $92.65 a ton

Published 05 Nov, 2026 12:33pm

Business & Finance

SECP registers over 5,000 companies in October 2026

Online registrations reach 99.9%; total registered companies rise to 321,794

Published 05 Nov, 2026 12:32pm

World

China looks forward to deeper North Korea ties, Xinhua reports

China looks forward to deeper and more practical development of ties

Published 05 Nov, 2026 12:30pm

World

North Korea says EU should 'mind its own business' on human rights, KCNA reports

North Korea's UN mission pointed to protests and alleged police violence in European cities, including Paris and Brussels

Published 05 Nov, 2026 12:27pm

Markets

Hong Kong stocks jump on tech rally; China shares edge up

Hong Kong benchmark Hang Seng advanced 3%

Published 05 Nov, 2026 12:24pm

Markets

China's yuan rebounds as PBOC lifts midpoint, dollar falls after Democrats take Congress

The spot yuan was 0.09% higher at 6.6698 to the dollar as of 0318 GMT, after trading in a range of 6.6680 to 6.6727

Published 05 Nov, 2026 12:21pm

Markets

Toyota posts profit surge and lifts annual outlook as hybrid sales shine

Toyota has been buffeted by higher fuel prices sparked by war in the Middle East

Published 05 Nov, 2026 12:20pm

Markets

Indonesia Q3 GDP growth at 5.47%, beats expectations

Indonesia's economic growth in the second quarter stood at 5.29%

Published 05 Nov, 2026 12:18pm

World

South Korea finance minister vows to monitor AI policy changes after US midterm elections

The government will also monitor changes in US tariff policies and developments in Middle East conflicts

Published 05 Nov, 2026 12:16pm

World

Russian drones injure three in Ukraine's Dnipro, governor says

Russia and Ukraine deny deliberately targeting civilians

Published 05 Nov, 2026 12:14pm

Markets

Copper, industrial metals climb on macro optimism after US midterms

Benchmark three-month copper on the London Metal Exchange was up 0.48% at $14,078.5 a metric ton

Published 05 Nov, 2026 12:12pm

Markets

Palm falls more than 1% on weaker rival oils, crude

Palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange slid 56 ringgit, or 1.25%, to 4,440 ringgit a metric ton

Published 05 Nov, 2026 11:42am

Markets

Airlink launches AirV, enters Pakistan’s EV industry

AirV makes its market debut with 11 models across six distinct series,

Published 05 Nov, 2026 11:41am

Markets

Australia, NZ dollars extend gains as US Democratic sweep fuels risk rally

The kiwi dollar rose 0.4% to $0.5642, having risen 0.6% overnight to as high as $0.5645

Published 05 Nov, 2026 11:40am

Markets

South Korean shares fall as chipmakers track US tech slump

The benchmark KOSPI was down 227.68 points, or 4.01%, at 5,459.70

Published 05 Nov, 2026 11:32am

Markets

Thai baht/US dollar stronger on Thursday

The baht was 0.48% higher at 33.44 versus the dollar, after trading in a range of 33.450 to 33.590

Published 05 Nov, 2026 11:30am

Markets

Weak US dollar lifts wheat, but Black Sea export hopes cap gains

The most-traded wheat contract on the Chicago Board of Trade (CBOT) was up 0.5% at $6.01-3/4 a bushel

Published 05 Nov, 2026 11:27am

Markets

Australian shares set for best day since mid-June as Democrats' win sparks rally

The S&P/ASX 200 index advanced 1.8% to 8,991.30

Published 05 Nov, 2026 11:26am

Markets

India bonds set to rally along Treasuries as Democratic win drives oil to two-month low

The benchmark 6.94% 2036 bond yield is likely to test 7.15% in early trade, a private-bank trader said

Published 05 Nov, 2026 11:15am

Markets

Gold hits a two-week high as dollar, Treasury yields ease after US midterm elections

Spot gold rose 1.9% to $4,134.83 per ounce

Published 05 Nov, 2026 11:11am

Markets

Egypt offers Pakistan manufacturing hub to access US market

Egypt’s preferential trade arrangements with the United States offer opportunities for Pakistani investors

Published 05 Nov, 2026 10:19am

Markets

PSX: buying continues, KSE-100 gains nearly 2%

Benchmark index settles at 175,379.86

Updated 05 Nov, 2026 04:14pm

Business & Finance

Pakistani cement maker to enter mass-market EV segment through Chinese imports

Subsidiary will initially focus on importing CBU electric vehicles from China

Published 05 Nov, 2026 09:46am

Sports

Kohli in the runs as India thrash New Zealand in first ODI

'I think we were very good with the bowling,' said Gill.' Overall a very good team performance'

Published 05 Nov, 2026 08:34am

World

Democratic victories bring historic breakthroughs for women and minorities

Democrats flipped control of both the House of Representatives and Senate while winning key statewide races, delivering a series of milestone victories

Published 05 Nov, 2026 08:28am

Markets

BOJ debated need for more rate hikes, scope for faster moves, September minutes show

The board also debated Japan's neutral interest rate and market pricing of the BOJ's terminal rate

Published 05 Nov, 2026 08:17am

World

Democrats gain influence over trade agenda, but tariff repeals to hit Trump veto wall

Democrats have expressed a desire to rescind some of the archaic trade laws ⁠that Trump has used to impose tariff

Published 05 Nov, 2026 08:13am

World

South Korea to expand anti-piracy unit operations closer to Strait of Hormuz

The Cheonghae unit has been stationed in the Gulf of Aden since 2009 to ensure safe navigation of commercial vessels

Published 05 Nov, 2026 08:06am

World

How Democrats expanded the map and won rural America

Democrats flipped House, Senate ‌and gubernatorial seats in rural Republican strongholds including in Iowa, Kansas, Texas and Wisconsin

Published 05 Nov, 2026 08:00am

Markets

Oil and data centre stocks sink after US midterms

Tumbling energy prices ⁠encouraged a rally in bonds, which lowered yields, pulled the dollar to a one-month low of $1.1273 per euro , and helped stocks

Published 05 Nov, 2026 07:51am

Markets

Indian shares set to open higher as oil hits 2-month low after US Democratic win

GIFT Nifty futures were ‌at 24,295.5

Published 05 Nov, 2026 07:46am

Markets

Dollar edges lower as US election outcome cheers global markets

The yen strengthened 0.08% to 158.25 per dollar

Published 05 Nov, 2026 07:43am

Markets

Indian rupee to rally after US midterm fallout sinks oil on Iran war-exit hopes

The Indian rupee is expected to open in the 94.35-94.40 range, per traders, having settled at 94.64 to the dollar on Wednesday

Published 05 Nov, 2026 07:37am

Markets

Oil falls for a fourth day on expectations for lower risk of Iran war escalation

Brent futures fell 80 cents, or 0.85% to $93.82 a barrel

Updated 05 Nov, 2026 11:00am

Pakistan

Freedom of navigation under threat: US withdrawal from global role a significant shift in int’l order: Dastgir

ISLAMABAD: Former Federal Minister Khurram Dastgir Khan said the United States’ withdrawal from its traditional...

Published 05 Nov, 2026 07:30am

Pakistan

Speakers demand energy justice, accountability

KARACHI: Speakers at the Sindh Energy and Climate Conference (SECC26) here on Wednesday called for energy justice,...

Published 05 Nov, 2026 07:28am

Business & Finance

Zindigi Overseas Accounts launched

KARACHI: Zindigi, powered by JS Bank, has announced the launch of Zindigi Overseas Accounts, making it easier for...

Published 05 Nov, 2026 07:13am

Business & Finance

Uplift of local areas in Thar: Sindh will utilise royalties from coal projects: Soomro

KARACHI: Sindh Parliamentary Secretary for Local Government and Housing and Town Planning Qasim Siraj Soomro has...

Published 05 Nov, 2026 07:08am

Business & Finance

Gulf jobs for migrant workers: Record remittance inflows may be masking a coming collapse

LAHORE: Asia’s migration map is being redrawn by tighter borders, war and artificial intelligence, with experts...

Published 05 Nov, 2026 07:05am

Business & Finance

PTA registers BIGO LIVE, Likee platforms in Pakistan

ISLAMABAD: The Pakistan Telecommunication Authority (PTA) has formally registered BIGO LIVE and Likee platforms in...

Published 05 Nov, 2026 07:02am

Pakistan

PIQ expanding access to meaningful robotics, STEM learning

KARACHI: Implemented by the Pi Space Science Education Centre (PSSEC), in partnership with the World Robot Olympiad...

Published 05 Nov, 2026 07:02am

Pakistan

TTP, other groups: Pakistan, UK concerned at continuing threat

ISLAMABAD: Pakistan and the United Kingdom (UK) on Wednesday expressed serious concerns over the continuing threat...

Published 05 Nov, 2026 07:00am

Business & Finance

Oslo Innovation week: P@SHA opens Nordic corridor for home industry

KARACHI: A delegation of around 30 Pakistani technology leaders, founders and innovators, took part in Oslo...

Published 05 Nov, 2026 06:57am

Business & Finance

FBR’s AI system to prioritise to corporate, non-salary returns

ISLAMABAD: The Federal Board of Revenue’s (FBR) new AI system would give priority to corporate returns and...

Published 05 Nov, 2026 06:55am

Pakistan

Dar, Saudi FM discuss current situation

ISLAMABAD: Deputy Prime Minister/Foreign Minister Senator Mohammad Ishaq Dar held a telephone conversation with the...

Published 05 Nov, 2026 06:54am

Pakistan

Country faces USD348bn climate finance gap: Rana Ihsaan

ISLAMABAD: Pakistan faces an estimated climate finance gap of USD348 billion by 2030, requiring substantial...

Published 05 Nov, 2026 06:51am

Business & Finance

FPCCI elections: BMP, BMG may field joint candidate against S M Tanveer

KARACHI: Business tensions are mounting ahead of the FPCCI elections, as the Businessmen Panel (BMP) and Businessmen...

Published 05 Nov, 2026 06:47am

Pakistan

Aurangzeb sets priorities for Pakistan’s G-24 Chairmanship

ISLAMABAD: G-24 Secretariat briefs Finance Minister on Chairmanship responsibilities and forward work programme;...

Published 05 Nov, 2026 06:46am

Business & Finance

Air Link to launch AirV electric bikes

KARACHI: Air Link Communication Limited is set to launch its electric bike brand, “AirV”, in Lahore, marking the...

Published 05 Nov, 2026 06:43am

Business & Finance

ADCs headquarters told to facilitate business community

LAHORE: Additional Chief Secretary (ACS) Punjab Iftikhar Ali Sahoo has directed all additional deputy commissioners...

Published 05 Nov, 2026 06:41am

Markets

Oil prices fall over 8pc

HOUSTON: Oil prices fell more than 8 percent to settle at their lowest in more than two months on Wednesday after...

Published 05 Nov, 2026 06:18am

PLL issues tender for two LNG cargoes

ISLAMABAD: The Pakistan LNG Limited (PLL) has issued international tender to procure two LNG cargoes for delivery to...

Published 05 Nov, 2026 06:14am

Business & Finance

Nearly 12m file tax returns solely for property, vehicle transactions

ISLAMABAD: The Federal Board of Revenue’s (FBR) astonishing data disclosed that nearly 12 million income tax return...

Published 05 Nov, 2026 06:11am

Aurangzeb, Mastercard team discuss digital payments, financial inclusion

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb held a meeting with a delegation of...

Published 05 Nov, 2026 06:01am

Editorials

Growing our own dependence

EDITORIAL: Pakistan’s cotton crop is facing another projected decline, with potentially serious consequences for an...

Updated 05 Nov, 2026 07:22am

Editorials

Aasaan tax scheme: when easy becomes difficult

EDITORIAL: Released data indicates that the Aasaan tax scheme has failed to take off, like its precursor Taajir Dost...

Updated 05 Nov, 2026 07:21am

Business & Finance

Pakistan, China’s Xinjiang explore joint investment opportunities

LAHORE: Pakistan and China’s Xinjiang Province have identified extensive opportunities for joint ventures and...