Latest - Business Recorder

World

Saudi, Turkish, Pakistan leaders to hold Jeddah summit Friday: source

The meeting comes with Iran and the United States locked in a showdown on reopening the strategic Strait of Hormuz

Published 07 Aug, 2026 01:57am

Business & Finance

SBP makes daily reporting of Premium Prize Bonds sale mandatory for banks

Any bank failing to settle proceeds of sale transactions on same day shall be liable to pay use of funds for period of delay, central bank says

Published 06 Aug, 2026 11:51pm

Markets

Pakistan Stock Exchange crosses 600,000 investors for the first time

Expansion driven largely by Generation Z and first-time retail investors, Finance ministry says

Published 06 Aug, 2026 11:40pm

Markets

Govt decreases petrol price by Rs3.19, reduces diesel's by Rs1.50 per litre

New prices will be effective for Friday, August 7

Published 06 Aug, 2026 11:03pm

Business & Finance

Tasdeeq to raise Rs450mn by selling 150mn shares in IPO at PSX

Share price surges 58% to Rs3 per share from Rs1.9 at Dutch bidding

Published 06 Aug, 2026 10:50pm

Business & Finance

Experts urge digital overhaul of Pakistan's mining sector

Mining still lags behind other industries in digital maturity, one expert says

Published 06 Aug, 2026 10:19pm

Markets

SBP-held foreign exchange reserves up $13mn to $17.04bn

Total liquid foreign exchange reserves stand at $22.47 billion

Published 06 Aug, 2026 07:34pm

World

Iran warns Gulf states: tell Trump to desist or we hit you hard

Warning envisaged attacks on energy facilities, oil fields, refineries, electricity grids, water infrastructure, transport networks and other strategic assets

Updated 06 Aug, 2026 10:51pm

World

Modi turns to Instagram to woo young voters after Gen Z protest

Modi's party is now using "raw" Instagram reels to engage India's Gen Z, responding to recent youth protests over jobs

Published 06 Aug, 2026 07:02pm

Pakistan

12 terrorists killed in Balochistan operations: ISPR

Operations were conducted in Washuk and Mastung districts

Published 06 Aug, 2026 06:57pm

Business & Finance

Coal India enters iron ore mining after Odisha block win

The block contains 258 million tonnes of iron ore resources

Published 06 Aug, 2026 06:49pm

Markets

Most Gulf bourses in red as markets eye diplomacy

Saudi Arabia’s benchmark declined 0.7%

Published 06 Aug, 2026 06:46pm

Markets

Sri Lankan shares close higher on energy and IT gains

CSE All Share index settled up 0.49% at 21,269.67

Published 06 Aug, 2026 06:40pm

Markets

Indian rupee slips on importer bids, far forward premiums ease to one-month low

Indian rupee closed at 95.22 per dollar

Published 06 Aug, 2026 05:18pm

Sports

FIFA governance debate set to outlive Morocco truce despite backing for Infantino

A major internal crisis over a World Cup commercial deal forces FIFA to apologize, putting Infantino's leadership under unprecedented pressure

Published 06 Aug, 2026 05:16pm

Markets

Standard Chartered to offer wealth products in India's GIFT City finance hub

Standard Chartered, a pioneer in GIFT City since 2020, expands its offerings with in-principle approval for retail wealth management products

Published 06 Aug, 2026 04:59pm

Business & Finance

Govt gives 2-week extension to NBP President Rehmat Ali Hasnie

Hasnie was appointed as NBP President in 2023

Published 06 Aug, 2026 04:57pm

Markets

HPCL buys 2 million bbl West African oil for Sept via tender, sources say

HPCL has bought 1 million barrels each of Nigerian grades Forcadoes

Published 06 Aug, 2026 04:54pm

Markets

Copper jumps to six-month high on supply worries, tight stocks

Benchmark three-month copper on the London Metal Exchange was 1.2% higher at $14,275.50 a metric ton

Published 06 Aug, 2026 04:51pm

Markets

Palm falls on profit-taking as traders await demand, supply data

Dalian’s most-active soyoil contract gained 0.29%

Published 06 Aug, 2026 04:49pm

World

India court sentences journalist Tarun Tejpal to 10 years in jail for rape

The court orders him to surrender to the authorities within four weeks, Goa's top government lawyer says

Published 06 Aug, 2026 04:41pm

Markets

Indian market volatility eases as traders adapt to new closing auction

Nifty 50 index closed 0.05% higher, compared to a gain of 0.01%

Published 06 Aug, 2026 04:34pm

Sports

Cox to replace injured Bethell for Pakistan Tests as Root begins new England captaincy stint

England names its squad for the Pakistan Tests, with Joe Root back as permanent captain and Jordan Cox stepping up to the crucial number three spot

Published 06 Aug, 2026 04:27pm

Markets

Rupee inches up against US dollar

Settles at 277.72 against greenback

Updated 06 Aug, 2026 09:03pm

Markets

Gold price per tola gains Rs11,300 in Pakistan

Reaches 449,236

Updated 06 Aug, 2026 06:39pm

Markets

Nishat Group consortium joins race for FESCO privatisation

Consortium comprises Nishat Chunian Power Limited, Pakgen Limited, Lalpir Limited, Nishat Power Limited, Nishat Mills Limited, Kohinoor Energy Limited and Pak Elektron Limited

Updated 06 Aug, 2026 05:16pm

Business & Finance

SECP registers record 5,438 new companies in July

Five international companies established offices in Pakistan

Updated 06 Aug, 2026 06:55pm

Pakistan

Pakistan hopes Hormuz agreement will lead to resumption of Iran-US talks

FO says Pakistan hopes that the agreement will lead to resumption of technical-level talks between US and Iran

Updated 06 Aug, 2026 07:54pm

Markets

Saudi Arabia cuts September Arab Light price to Asia to six-year low

The small cut for September OSPs followed a decline in the spot benchmark price last month

Published 06 Aug, 2026 01:53pm

Markets

Sinopec steps up Russian oil imports to offset Mideast supply cuts, traders and tracker say

Sinopec has bought a total of 30 to 40 shipments, or about 241,000 to 320,000 barrels per day (bpd)

Published 06 Aug, 2026 01:51pm

Business & Finance

Pakistan's FIFA World Cup football maker teams up with Chinese co for sports footwear production

Agreement expected to support technology transfer

Published 06 Aug, 2026 01:40pm

World

Trump dismisses reports of munitions shortages, says US has 'massive amounts'

White House press secretary Karoline Leavitt branded coverage of the exchange with Hegseth 'FAKE NEWS!'

Published 06 Aug, 2026 01:37pm

Pakistan

DPM Dar calls upon UNSC to implement resolutions on Jammu and Kashmir

Deputy Prime Minister Ishaq Dar on Thursday called upon the UN Security Council (UNSC) to implement its resolutions...

Published 06 Aug, 2026 12:57pm

Technology

PTA blocks more than 1.5 million URLs following public complaints

The highest number of blocked URLs fell under the "Others/Misc" category

Published 06 Aug, 2026 12:57pm

Sports

How Blundell's old school tactic ended England's 'Bazball' era

Blundell’s heroic efforts in fearlessly standing close behind the stumps to his fast bowlers enabled New Zealand to fight back from 1-0 down

Published 06 Aug, 2026 12:51pm

Sports

Messi scores twice to set Leagues Cup record in Miami victory

David Rodriguez gave San Luis the lead in the fourth minute but Messi equalized seven minutes later

Published 06 Aug, 2026 12:49pm

Markets

Nintendo says net profit jumped more than 50% in first quarter

The company maintained its annual profit forecast of 310 billion yen

Published 06 Aug, 2026 12:47pm

Sports

Seeds Rybakina, Pegula, Gauff reach third round at WTA Toronto

World number two Rybakina began the match by hitting six consecutive winners but also made 58 unforced errors

Published 06 Aug, 2026 12:45pm

Business & Finance

Centre and Sindh agree on coordinated action against marine pollution

Federal Minister for Maritime Affairs, Muhammad Junaid Anwar Chaudhry and Sindh Governor Nehal Hashmi hold meeting

Published 06 Aug, 2026 12:34pm

Sports

Pakistan seal first away Test win in three years to draw West Indies series

Pakistan’s last victory in an away Test came against Sri Lanka in July 2023 under Babar Azam, who returned as captain last month

Published 06 Aug, 2026 12:33pm

Markets

Jordan tenders to buy 120,000 tons of feed barley, traders say

Jordan has also issued a separate tender to buy 120,000 tons of milling wheat, closing on August 11

Published 06 Aug, 2026 12:27pm

Markets

South Korea, Japan refiners buy US crude, traders say

he crude was bought from Unipec, the trading arm of Sinopec

Published 06 Aug, 2026 12:25pm

Markets

SoftBank reports first-quarter income slide, gain on Intel stake

That beat a forecast of 148.4 billion yen by four analysts surveyed by LSEG

Published 06 Aug, 2026 12:24pm

Markets

Euro zone bond yields steady; hefty French supply due

German 10-year yields traded at 3.11% early on Thursday

Published 06 Aug, 2026 12:22pm

World

Gulf shipping traffic down after Houthis say they attacked Saudi tanker

Roughly 130 to 140 ships would typically transit the waterway before the US-Israeli war with Iran began on February 28

Published 06 Aug, 2026 12:19pm

Pakistan

PM Shehbaz arrives in Saudi Arabia to discuss regional situation

Three-day visit to further consolidate Pak-Saudi ties, deepen strategic cooperation, says FO

Updated 06 Aug, 2026 09:18pm

Markets

Australia, NZ dollars hold firm, China trade boom a help

Bonds were also in demand as 10-year held at 4.926%, well away from a July top of 5.091%

Published 06 Aug, 2026 11:46am

Markets

Palm retreats on weaker Chicago soyoil, crude oil

Palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange slid 13 ringgit, or 0.28%, to 4,689 ringgit

Published 06 Aug, 2026 11:44am

Business & Finance

Bank of Punjab expands international footprint with Bahrain unit

Wholesale banking involves providing financial services to large clients

Published 06 Aug, 2026 11:44am

Markets

India bonds seen steady; upside bias after dovish RBI policy

The benchmark Indian 6.94% 2036 bond yield is expected to trend in the 6.75% to 6.80% range

Published 06 Aug, 2026 11:43am

Markets

Thai baht/US dollar stronger on Thursday

The baht was 0.06% higher at 33.05 versus the dollar, after trading in a range of 33.050 to 33.125

Published 06 Aug, 2026 11:42am

Markets

Australian shares hit record high as miners rally on US-Iran optimism

The S&P/ASX 200 index was up 0.7% at 9,291.30 points

Published 06 Aug, 2026 11:37am

Markets

Japan's Nikkei slumps 2% as tech shares tumble, overwhelming broader market gains

The tech-heavy Nikkei fell just over 2% at one point, and was 1.8% lower for the day at 85,108.28

Published 06 Aug, 2026 11:34am

Markets

Yuan hovers near 3-1/2-year high as investors await China trade data

In the spot market, the onshore yuan traded 0.04% higher at 6.7468 per dollar

Published 06 Aug, 2026 11:11am

Markets

Qantas, pilots' union reach provisional agreement in pay talks

The deal would cover about 1,700 long-haul pilots who fly Qantas’ Airbus A380 and A330 jets and Boeing 787 planes

Published 06 Aug, 2026 11:09am

Markets

Copper scales highest since mid-May as US inventory builds up amid tariff uncertainty

Copper on the LME nudged 0.08% lower at $14,099.50 a metric ton

Published 06 Aug, 2026 11:06am

Sports

Arsenal players fuming after Betis defeat, says Arteta

Mikel Arteta said his players were fuming after losing 3-1 to Real Betis in Dublin on Wednesday

Published 06 Aug, 2026 10:58am

World

Two Israeli soldiers, one Lebanese killed as violence flares in south Lebanon

The Lebanese health ministry said an Israeli strike on the southern town of Tibnin killed one person and wounded 12 others

Published 06 Aug, 2026 10:54am

Markets

China shares steady as bullion stocks rise; insurers weigh on Hong Kong

Shanghai Composite index held its ground at 3,878.92 points

Published 06 Aug, 2026 10:48am

Markets

Wheat treads water amid Black Sea export disruption

The most-traded wheat contract on the Chicago Board of Trade (CBOT) was down 0.2% at $6.41 a bushel

Published 06 Aug, 2026 10:44am

World

Former Bangladesh cricket captain Shakib's home attacked after Hasina media event

The property was unoccupied at the time and no injuries were reported

Published 06 Aug, 2026 10:41am

World

South Korea's president orders all-out response to heatwave

The forecast temperature would bring Seoul close to its record high of 39.6 C, set in August 2018, during the country’s last historic heatwave

Published 06 Aug, 2026 10:34am

Sports

Dutch shocks for Zverev, Medvedev as seeds fall in Canadian Open

World number three Zverev, playing his first match since losing to Jannik Sinner in last month’s Wimbledon final

Published 06 Aug, 2026 10:26am

World

Russia hit two vessels near Ukraine's Odesa late Wednesday, TASS cites defence ministry

The vessels were transporting military goods, the ministry said

Published 06 Aug, 2026 10:23am

Markets

Commerzbank, facing possible UniCredit takeover, posts 94% profit gain

Net profit of €898 million ($1.04 billion) in the quarter compares with a profit of €462 million a year earlier

Published 06 Aug, 2026 10:21am

Markets

KSE-100 Index gains 1% as buying momentum continues

Benchmark index settles at 181,776.59

Updated 06 Aug, 2026 06:41pm

Technology

Meta AI model hacks another company during testing

The incidents at Meta and Anthropic stemmed from configuration errors that inadvertently gave Anthropic's models access to the open internet

Published 06 Aug, 2026 08:20am

World

Trump reiterates his positive portrayal of Iran talks

The 1949 Geneva Conventions on humanitarian conduct in war prohibit attacks on sites considered essential for civilians

Updated 06 Aug, 2026 08:34pm

Business & Finance

Singapore says exports worth $7.4 billion affected by new US tariffs

Gan said in parliament on Wednesday that the tariffs imposed under Section 301 of the US Trade Act of 1974 would affect about a third of Singapore's exports

Published 06 Aug, 2026 08:06am

Markets

Indian rupee ongoing rally backed by ebbing Fed hike odds, soft oil

The Indian rupee is expected to open in the 95.04-95.08 range, according to traders, after settling at 95.1175 per US dollar on Wednesday

Published 06 Aug, 2026 08:00am

Markets

India shares seen higher on Mideast peace prospects, earnings

GIFT Nifty futures were at 24,686.50

Published 06 Aug, 2026 07:56am

Markets

Asia shares ease on tech pullback, oil stable as Iran talks stay in focus

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.69%, led by declines in tech firms

Published 06 Aug, 2026 07:52am

Markets

Yen and dollar drift on Iran deal concerns, payroll jitters

The yen was little ‌changed at 157.71 per dollar in early trade after weakening for two straight sessions

Published 06 Aug, 2026 07:47am

Markets

Gold touches seven-week peak on Strait of Hormuz reopening hopes

Spot gold was up 1% at $4,285.84 per ounce

Updated 06 Aug, 2026 11:39am

Markets

Oil gains as investors cautious over Iran-Oman talks

Brent crude futures gain 83 cents, or 1.04%, to $80.28 a barrel

Updated 06 Aug, 2026 06:52pm

Business & Finance

SIFC unlocks USD200m strategic mining investment in Khuzdar

ISLAMABAD: The Special Investment Facilitation Council (SIFC) has successfully facilitated the resolution of...

Published 06 Aug, 2026 06:43am

Business & Finance

Jul trade deficit widens 25.17pc to USD3.94bn YoY

Pakistan's exports stood at USD 2.939 billion in July 2026

Published 06 Aug, 2026 06:33am

Business & Finance

MoU signed: Pakistan, Denmark to launch Strategic Sector Cooperation programme

ISLAMABAD: A Memorandum of Understanding (MoU) to launch the Strategic Sector Cooperation (SSC) programme between...

Updated 06 Aug, 2026 10:53am

Pakistan

Islamabad, Tehran agree to open borders ‘round-the-clock’

ISLAMABAD: Seeking to give fresh impetus to economic ties, Pakistan and Iran on Wednesday agreed to expand border...

Published 06 Aug, 2026 06:29am

Pakistan

Pakistan, US reaffirm resolve to combat terrorist outfits

ISLAMABAD: Pakistan and the United States reaffirmed their joint resolve to combat terrorist organizations that...

Published 06 Aug, 2026 06:29am

Pakistan

Finance ministry clarifies Ad-hoc Relief Allowances treatment after BPS-2026 revision

ISLAMABAD: The Ministry of Finance has issued a clarification to remove confusion over the treatment of Ad-hoc...

Updated 06 Aug, 2026 10:56am

Pakistan

RTA approves transport reforms, plans digital meters for rickshaws

KARACHI: The Regional Transport Authority (RTA) on Wednesday approved a series of reforms to improve Karachi’s...