Markets Key highlights of Pakistan budget for 2025-26 Business Recorder takes a look at key points Updated 11 Jun, 2025 12:36am
Budgets KCCI sounds alarm on ‘camouflage’ Budget 2025-26 Chairman Businessmen Group (BMG), Zubair Motiwala, while terming the federal budget 2025-26 a “camouflage budget,”... Published 10 Jun, 2025 10:26pm
Budgets Missed Opportunity: OICCI slams Budget FY26 for ignoring informal economy The Overseas Investors Chamber of Commerce and Industry (OICCI), representing over 200 of the largest foreign... Published 10 Jun, 2025 10:08pm
Stocks UK’s FTSE 100 closes near record highs after labour data raises rate-cut bets London shares gained on Tuesday, with the FTSE 100 within touching distance of its all-time high after soft labour... Published 10 Jun, 2025 10:08pm
Stocks European stocks flat as investors await outcome of US-China talks European shares closed little changed on Tuesday in cautious trade as investors awaited the outcome of the second... Published 10 Jun, 2025 10:07pm
South Asia India and US advance toward interim trade deal after four-day talks NEW DELHI: Indian and U.S. negotiators made progress in their latest round of talks in New Delhi on Tuesday on a... Published 10 Jun, 2025 08:56pm
Markets Budget 2025-26: Pakistan govt proposes 18% tax on imported solar panels Pakistan government on Tuesday proposed the budget for the financial year 2025-26, revealing its intention to impose... Published 10 Jun, 2025 08:52pm
Budgets Pakistan increases defence spending by 20% after recent clashes with India Pakistan has allocated Rs2.55 trillion for its defence budget in the incoming fiscal year (FY26), a 20% increase... Updated 11 Jun, 2025 03:05am
Pakistan Taxing the digital frontier: Pakistan’s bold move to tap e-commerce and online revenues 5% withholding levy will be applied on payments made to domestic and international digital vendors Updated 10 Jun, 2025 08:53pm
Stocks Wall Street mixed as US-China trade talks grab focus Wall Street’s main indexes were mixed on Tuesday as investors awaited the outcome of ongoing trade talks between the... Published 10 Jun, 2025 07:56pm
Stocks TSX rises on energy boost; US-China talks in focus Canada’s main stock index rose on Tuesday as rising oil prices boosted the energy sector, while investors awaited... Published 10 Jun, 2025 07:52pm
Pakistan Govt unveils ambitious digital overhaul for FBR in Budget 2025–26 FBR assigned to collect Rs14.13 trillion in FY26, up by 19% Published 10 Jun, 2025 07:28pm
Companies Blackstone to invest $500 billion in Europe over next decade Blackstone plans to invest up to $500 billion in Europe over the next decade, CEO Steve Schwarzman told Bloomberg... Published 10 Jun, 2025 07:25pm
Money & Banking Kenya central bank cuts main lending rate to 9.75% NAIROBI: Kenya’s central bank cut its benchmark lending rate to 9.75% on Tuesday from 10.00% previously, the bank’s... Published 10 Jun, 2025 07:23pm
Budgets Budget 2025–26: PSDP set at Rs1 trillion with focus on infrastructure, social development Under the federal budget for FY2025–26, the government has allocated Rs4.224 trillion for the Public Sector... Published 10 Jun, 2025 07:12pm
Pakistan Rs10mn yearly income: govt proposes to reduce surcharge by 1% to halt ‘brain drain’ Finance Minister Muhammad Aurangzeb in his Budget 2025-26 speech proposed 1% reduction in the surcharge on those... Published 10 Jun, 2025 07:08pm
World World Bank slashes global growth forecast as trade tensions bite WASHINGTON: The World Bank on Tuesday slashed its global growth forecast for 2025 by 0.4 percentage point to 2.3%,... Published 10 Jun, 2025 07:01pm
Stocks Most Gulf markets gain as investors eye US-China talks Most stock markets in the Gulf ended higher on Tuesday, tracking gains in global equities as investors looked for... Published 10 Jun, 2025 06:31pm
Commodities Wheat and corn slip again on supply pressure, soybeans steady PARIS/SINGAPORE: Chicago wheat and corn futures fell for a second session on Tuesday, with corn setting a new 2025... Published 10 Jun, 2025 05:43pm
Money & Banking Societe Generale becomes first major bank to launch dollar-pegged stablecoin PARIS: France’s Societe Generale said on Tuesday it plans to launch a publicly tradable, dollar-backed stablecoin... Published 10 Jun, 2025 05:39pm
Companies Paramount to lay off 3.5% of US staff in latest job cut, memo shows Paramount Global is laying off 3.5% of its U.S. staff in the latest round of job cuts as the company grapples with a... Published 10 Jun, 2025 05:30pm
Commodities India, China seen aggressively buying palm oil in short term, industry expert says JAKARTA: Demand for palm oil from India and China is expected to increase in coming months as recent price... Published 10 Jun, 2025 05:18pm
Commodities Gold price per tola fall Rs6,100 in Pakistan Gold prices in Pakistan decreased on Tuesday in line with their fall in the international market. In the local... Published 10 Jun, 2025 05:16pm
Companies Tencent Music to buy Chinese audio platform Ximalaya for $2.4 billion Chinese music platform Tencent Music Entertainment Group said on Tuesday it would buy long-form audio platform... Published 10 Jun, 2025 05:12pm
Europe Bank of Spain sees economic growth at 0.5%-0.6% in second quarter MADRID: Spain’s economy is likely to grow at a solid rate of between 0.5% and 0.6% in the second quarter from the... Published 10 Jun, 2025 04:51pm
Commodities South Korea’s MFG buys 68,000 tons corn in private deal, traders say HAMBURG: South Korea’s Major Feedmill Group (MFG) purchased around 68,000 metric tons of animal feed corn in a... Published 10 Jun, 2025 04:48pm
Companies India’s Maruti Suzuki cuts near-term EV production amid rare earths crisis NEW DELHI: Maruti Suzuki has cut near-term production targets for its maiden electric vehicle e-Vitara by two-thirds... Published 10 Jun, 2025 04:45pm
Stocks Indian shares muted as pullback in financials offsets broader gains Indian benchmark indexes closed flat on Tuesday as profit booking in financials offset gains driven by optimism... Published 10 Jun, 2025 04:41pm
Financial Indian equity mutual fund inflows slump to 13-month low in May despite market gains Indian equity mutual fund inflows fell to a 13-month low in May, marking the fifth consecutive month of decline,... Published 10 Jun, 2025 04:35pm
Business & Finance Budget 2025-26: Awam Pakistan urges govt to provide relief to Balochistan The Awam Pakistan Party has urged the government to provide relief to the people of Balochistan in the upcoming... Published 10 Jun, 2025 03:49pm
Business & Finance UBS shares slide 7%, reversing gains after Swiss capital proposals LONDON: Shares in UBS dropped 7% on Tuesday as investors worried about the impact of new government proposals to... Published 10 Jun, 2025 03:37pm
Stocks European stocks dip as UBS falls, US-China trade talks loom European stocks dipped on Tuesday, weighed down by Swiss bank UBS, as investors stayed on edge ahead of developments... Published 10 Jun, 2025 03:32pm
Commodities London copper prices ease, US-China talks in focus SINGAPORE: London copper prices slid on Tuesday, with the market closely watching the progress made in the ongoing... Published 10 Jun, 2025 02:40pm
Forex Ugandan shilling firms on commodity dollar inflows Commercial banks quoted the shilling at 3,605/3,615 Published 10 Jun, 2025 02:38pm
Markets Expected 5%–20% FED on packaged foods alarms industry Prices of processed food items to go up if imposed Updated 10 Jun, 2025 03:01pm
Companies Engro Fertilizers resumes operations of EnVen plant Engro Fertilizers Limited (EFERT) announced on Tuesday that its EnVen plant had resumed operations. The listed... Published 10 Jun, 2025 01:42pm
Commodities Malaysia’s palm oil stocks hit 8-month high in May as output jumps KUALA LUMPUR: Malaysia’s palm oil stocks jumped to their highest level in eight months in May as a surge in... Published 10 Jun, 2025 12:45pm
Commodities Iran’s SLAL tenders for 120,000 tons each corn, barley and soymeal HAMBURG: Iranian state-owned animal feed importer SLAL has received offers to supply up to 120,000 metric tons each... Published 10 Jun, 2025 12:43pm
Business & Finance Hyundai Motor has a rare earths stockpile that can last about a year, source says SEOUL: Hyundai Motor has a rare earths stockpile that can last about a year and it does not expect any near-term... Published 10 Jun, 2025 12:40pm
Mutual Funds JGBs trade in a tight range as reports on bond buyback, stimulus measures weigh TOKYO: Japanese government bonds moved in a narrow range on Tuesday as traders weighed reports about lawmakers... Published 10 Jun, 2025 12:35pm
Forex Kenyan shilling little changed versus dollar, LSEG data shows The shilling traded at 129.00/129.40 per dollar Published 10 Jun, 2025 12:32pm
Budgets Budget 2025-26: Pakistan targets 4.2% growth as Aurangzeb presents proposals ‘for a competitive economy’ Govt announces relief for salaried class Updated 10 Jun, 2025 09:40pm
Markets Gold falls on strong dollar; US-China talks take spotlight Gold prices declined on Tuesday, hurt by an uptick in the U.S. dollar as market participants awaited details from... Published 10 Jun, 2025 11:52am
Stocks KSE-100 rises nearly 400 points amid budget buzz The Pakistan Stock Exchange opened trading on a positive note on Tuesday, as the benchmark KSE-100 Index settled... Updated 10 Jun, 2025 04:29pm
Currency Rupee registers marginal decrease against US dollar Currency settles at 282.21 against greenback in inter-bank market Updated 10 Jun, 2025 10:31pm
Forex Yuan slips as investors wait on outcome of US-China trade talks SHANGHAI: China’s yuan eased against the US dollar on Tuesday as investors adopted a cautious approach ahead of the... Published 10 Jun, 2025 11:23am
Forex Australian, New Zealand dollars eye multi-month tops as US-China talks continue SYDNEY: The Australian and New Zealand dollars were perched near multi-month peaks on Tuesday on hopes for good news... Published 10 Jun, 2025 11:21am
Forex Mild bearish bias for Indian rupee on dollar strength; US-China talks eyed MUMBAI: The Indian rupee will likely see slight pressure on Tuesday in the wake of a mostly firm US dollar, while... Published 10 Jun, 2025 11:11am
Stocks Energy and tech stocks push Australia shares higher; US-China trade talks on watch Australian shares rose on Tuesday after a long weekend, gains in energy and technology stocks outweighing losses in... Published 10 Jun, 2025 11:09am
Stocks Japanese shares rise for third day on tech optimism, JGB support TOKYO: Japanese shares climbed on Tuesday for a third consecutive day, buoyed by gains in technology stocks and... Published 10 Jun, 2025 11:06am
Stocks Indian shares set to open higher on trade optimism, RBI policy support India’s benchmark indexes are poised to open higher on Tuesday, buoyed by optimism around US-China trade talks and... Published 10 Jun, 2025 11:05am
Stocks China, HK stocks edge up on hopes for trade talks, more stimulus HONG KONG: China and Hong Kong stocks inched higher on Tuesday as investors remained cautiously positive and awaited... Published 10 Jun, 2025 10:50am
Forex Dollar firms as traders await details from US-China talks SINGAPORE: The US dollar firmed on Tuesday as Washington and Beijing remained locked in trade talks that left... Published 10 Jun, 2025 10:46am
Stocks Stocks rise, dollar tentative ahead of US-China talks outcome SINGAPORE: Stocks were buoyant and the dollar remained on guard on Tuesday as trade talks between the United States... Published 10 Jun, 2025 10:39am
Energy Oil up 1% at 7-week high on hopes of positive US-China trade talks NEW YORK: Oil prices edged up 1% to a seven-week high on Tuesday on hopes trade talks between the U.S. and China -... Updated 10 Jun, 2025 10:05pm
Business & Finance Pakistan’s Rs17.6trn budget to be unveiled today ISLAMABAD: The federal government Tuesday would present budget 2025–26 with an estimated size of Rs17.6 trillion ... Updated 10 Jun, 2025 11:29am
Pakistan FBR recovers Rs600bn as IHC vacates stay orders in 270 cases ISLAMABAD: In the last few months, the Islamabad High Court (IHC) has vacated stay orders in 270 tax-related cases... Published 10 Jun, 2025 07:11am
Industry President FPCCI emphasises continuity of policies KARACHI: President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Atif Ikram Sheikh said that... Published 10 Jun, 2025 06:49am
Agriculture and Allied Pakistan agri sector misses growth target in FY25 ISLAMABAD: Pakistan’s agriculture sector has missed its growth target for the outgoing fiscal year, expanding by... Updated 10 Jun, 2025 10:47am
Energy Jul–Mar power usage down 3.6pc ISLAMABAD: Pakistan’s electricity consumption has declined by 3.6 per during the first three quarters... Published 10 Jun, 2025 06:07am
Opinion The Budget of Pakistan The discussion and debates on budget are generally made in technical terms due to which the common man is not able ... Updated 10 Jun, 2025 07:40am
Industry Pakistan, China ink technology transfer, labour training deal LAHORE: A landmark five-year agreement has been signed between China and Pakistan aimed at facilitating the transfer... Published 10 Jun, 2025 06:07am
Business & Finance Rs6.18bn development fund released to PBC in nine months ISLAMABAD: The Economic Survey 2024–25 stated that development fund worth Rs6.18 billion was released to the... Published 10 Jun, 2025 06:07am
Energy July-March of FY2025: Significant cut in crude oil, gas extraction recorded ISLAMABAD: A significant decrease in domestic crude oil and natural gas extraction has been recorded during the ... Published 10 Jun, 2025 06:07am
Business & Finance Tola highlights importance of home-grown ‘Green Pakistan’ LAHORE: Leading economist Ashfaq Yousuf Tola has stressed on policymakers to choose between home-grown recipe of... Published 10 Jun, 2025 06:07am
Stocks Economic Survey: Pakistan Stock Exchange one of world’s top performers KARACHI: While, major Asian stock market indices show mixed performance, Pakistan’s equity market emerged as one ... Published 10 Jun, 2025 06:07am
Business & Finance KMEDA urges govt to revisit ‘unjustified’ taxes, duties KARACHI: Karachi Mobile and Electronics Dealers Association (KMEDA) has presented key suggestions ahead of the ... Published 10 Jun, 2025 06:07am
Industry IT, ITeS export remittances surge by 23.7pc ISLAMABAD: Pakistan’s information technology and IT-enabled services (ITeS) export remittances including computer... Published 10 Jun, 2025 06:07am
Industry Telecom sector shows robust performance in nine months ISLAMABAD: Pakistan’s telecom sector continued to show robust performance during the first nine months of fiscal... Published 10 Jun, 2025 06:07am
Budget 2025-26 Call to apply super tax only to corporations with profits over Rs10bn’ ISLAMABAD: Economic Policy Business Development Think Tank has strongly recommended that the Super Tax must apply... Published 10 Jun, 2025 06:07am
Industry CCP grants two conditional exemptions to undertakings in transport, logistics sector ISLAMABAD: The Competition Commission of Pakistan (CCP) has granted two conditional exemptions to undertakings in ... Published 10 Jun, 2025 06:07am
Business & Finance Sectors including tobacco: ‘Illicit trade continues to be Achilles heel for revenue collectors’ LAHORE: As the federal government gears up to present the FY 2025–26 budget today, illicit trade in sectors... Published 10 Jun, 2025 06:07am
Business & Finance ‘Uzbekistan Trade Centre to play key role in strengthening economic ties’ LAHORE: Uzbekistan Trade Centre in Lahore would play a key role in strengthening Pakistan-Uzbekistan economic ties.... Published 10 Jun, 2025 06:07am
Business & Finance Enhanced SME lending to strengthen export base: UBG KARACHI: United Business Group (UBG) leaders have emphasized that enhanced SME lending would not only boost domestic... Published 10 Jun, 2025 06:07am
Business & Finance US and Chinese officials meet in London for pivotal trade talks LONDON: Top US and Chinese officials were meeting in London on Monday to try to defuse a high-stakes trade dispute... Published 10 Jun, 2025 06:07am
Stocks Asian currencies steady BENGALURU: Emerging Asian equities rose on Monday ahead of key US-China trade talks in London, while regional... Published 10 Jun, 2025 06:07am
Money & Banking Dollar dips after jobs-fueled rally NEW YORK: The US dollar slipped against most major currencies on Monday, as optimism over a better-than-expected US... Published 10 Jun, 2025 06:07am
Business & Finance Growth target missed: Economic Survey ISLAMABAD: Finance Minister Muhammad Aurangzeb on Monday said inflation has significantly declined from 29 percent ... Updated 10 Jun, 2025 07:30am
Industry TDAP organises workshop on market analysis tools LAHORE: Trade Development Authority of Pakistan (TDAP), Women Entrepreneur Division, in collaboration with the Women... Published 10 Jun, 2025 06:07am
