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World

US denies report of nearing interim nuclear deal with Iran

WASHINGTON: The White House on Thursday denied a report that the United States and Iran were nearing an interim deal...

Published 08 Jun, 2023 11:42pm

World

Two senators propose to bar US FAA from using Chinese drones

WASHINGTON: Two U.S. senators said on Thursday they had proposed barring the Federal Aviation Administration from...

Published 08 Jun, 2023 11:35pm

Pakistan

PPP’s Sardar Ziaul Qamar wins AJK by-polls

PPP candidate secured 22,619 votes, leaving behind PML-N's Mushtaq Minhas who received 17,321 votes

Published 08 Jun, 2023 11:31pm

World

Ukraine says one dead in Russian shelling of flood-hit Kherson

KHERSON: Ukraine said Thursday that at least one civilian was killed in Russian shelling of the Kherson city centre,...

Published 08 Jun, 2023 11:03pm

Pakistan

Economic Survey 2022-23: Pakistan’s performance explained through graphs

The government of Pakistan presented the Economic Survey 2022-23 on Thursday. Business Recorder summarises the...

Published 08 Jun, 2023 09:57pm

Markets

India unlikely to get US exemption on steel, aluminium tariffs

NEW DELHI/WASHINGTON: India has asked the United States for an exemption from US steel and aluminium tariffs, in...

Published 08 Jun, 2023 09:49pm

Business & Finance

Unprecedented floods wreak havoc on Pakistan’s agri sector: Economic Survey 2022-23

Unprecedented floods last year wreaked havoc on Pakistan’s agriculture sector, revealed the Economic Survey 2022-23...

Published 08 Jun, 2023 09:27pm

Business & Finance

Automobile sector contracts 42.48%, reveals Economic Survey 2022-23

With exception of buses, significant decline was seen in productivity of all sub-sectors

Published 08 Jun, 2023 08:58pm

Markets

Alarming: SBP-held foreign exchange reserves fall another $179mn, now stand at $3.91bn

Fall comes due to external debt repayments

Updated 08 Jun, 2023 11:50pm

World

IMF urges Fed, central banks to keep tightening to reduce inflation

WASHINGTON: The International Monetary Fund on Thursday urged the U.S. Federal Reserve and other global central...

Updated 08 Jun, 2023 09:32pm

Technology

Economic Survey 2022-23: Pakistan ‘ranks second most financially attractive location for outsourcing IT services’

In a first, government includes IT and telecommunication sectors in the document

Published 08 Jun, 2023 07:53pm

Markets

Most Gulf markets gain on rising oil prices but focus turns to Fed

Most stock markets in the Gulf ended higher on Thursday amid rising oil prices but the gains were limited after a...

Published 08 Jun, 2023 07:50pm

Business & Finance

Turkish central bank data shows $3bn inflow from abroad

ANKARA: Turkish central bank reserves data shows inflows of about $3 billion into depo accounts last week from...

Published 08 Jun, 2023 07:47pm

Markets

Wall St inches up as yields slip on jobless claims data

U.S. stock indexes edged higher on Thursday as a dip in bond yields supported megacap stocks, although investors...

Published 08 Jun, 2023 07:38pm

Business & Finance

Key highlights of the Pakistan Economic Survey 2022-23

Business Recorder takes a look at important points during a year of flood devastation, uncertain IMF programme and massive political turmoil

Updated 08 Jun, 2023 08:19pm

World

US weekly jobless claims increase more than expected

WASHINGTON: The number of Americans filing new claims for unemployment benefits surged last week, suggesting that...

Published 08 Jun, 2023 06:58pm

World

China to post spy facility in Cuba off southeastern US: WSJ

WASHINGTON: China has reached a secret deal with Cuba to place an electronic eavesdropping facility on the island...

Published 08 Jun, 2023 06:48pm

Pakistan

Dar puts onus of ‘another IMF programme’ on new govt

While unveiling Economic Survey 2022-23, finance minister says it will be 'undemocratic and unfair' to initiate talks with lender on new loan facility

Updated 08 Jun, 2023 08:50pm

World

Kakhovka dam collapse blocks ‘gateway for Ukrainian exports’

KYIV: The destruction of the Kakhovka dam in southern Ukraine has made it impossible to navigate parts of the Dnipro...

Published 08 Jun, 2023 06:34pm

Pakistan

Ali Muhammad Khan re-arrested outside Peshawar jail

Police have detained the PTI leader in an undisclosed case

Published 08 Jun, 2023 06:13pm

World

Tensions in US-Saudi ties cloud Blinken visit to Riyadh

RIYADH: A visit by the US Secretary of State to Saudi Arabia drew little Saudi media coverage on Thursday at a time...

Published 08 Jun, 2023 06:00pm

Pakistan

Flanked by PTI defectors, Jahangir Tareen launches Istehkam-e-Pakistan party

Number of heavyweight politicians have backed new party

Updated 08 Jun, 2023 08:25pm

Life & Style

Summer travel: 5 affordable destinations for Eid-ul-Adha holidays

As we hurtle through oppressing heat and the doom and gloom hanging over the country, there are the upcoming Eid holidays to look forward to

Published 08 Jun, 2023 05:26pm

Markets

Copper, other base metals decline with global headwinds

LONDON: Copper prices in London fell slightly on Thursday as concerns about central bank rate hikes and slowing...

Published 08 Jun, 2023 05:04pm

World

India rebukes Canada over parade float showing assassination of Indira Gandhi

NEW DELHI: India’s foreign minister on Thursday hit out at Canada for allowing a float in a parade depicting the...

Published 08 Jun, 2023 04:59pm

Markets

Indian shares slide as RBI signals tight policy ahead

BENGALURU: Indian shares snapped a four-day winning streak on Thursday, weighed by auto and consumer stocks after...

Published 08 Jun, 2023 04:51pm

Markets

Sri Lankan shares end higher as financials rise

Sri Lankan shares closed lower on Thursday, helped by financials stocks. The CSE All Share index settled up 0.52% at...

Published 08 Jun, 2023 04:40pm

Markets

KSE-100 plunges over 450 points amid uncertainty on upcoming budget

Experts say market remains anxious regarding proposals to be announced in the budget tomorrow

Updated 08 Jun, 2023 07:40pm

Life & Style

Bjork: ‘Musk should build solar-powered festival ships’

PARIS: Bjork called on tech billionaires to come up with greener solutions for touring musicians such as...

Published 08 Jun, 2023 03:40pm

Pakistan

At US request, Pakistan grants detained designer Khadija Shah consular access

State Dept had requested Shah, a Pakistani as well as American citizen, get consular access

Updated 08 Jun, 2023 07:41pm

Markets

APTMA urges Dar to reinstate competitive energy tariffs

Textile body says if urgent measures are not taken to reinstate the RCET, trade deficit could increase by $4-5 billion

Updated 08 Jun, 2023 07:42pm

Pakistan

Punjab polls: Hearing for petition against SC Act and ECP plea indefinitely adjourned

An eight-member bench comprising Chief Justice of Pakistan adjourns hearing without any proceedings

Published 08 Jun, 2023 02:43pm

Markets

Open-market: US dollar strengthens as demand surges

The Pakistani rupee weakened nearly 1.6% against the US dollar in the open-market on Thursday, while dealers said...

Updated 08 Jun, 2023 09:32pm

Markets

Major Gulf bourses track Asian shares, oil prices lower

Most Gulf stock markets looked set to post weekly gains, even as major indexes fell in early trade on Thursday,...

Published 08 Jun, 2023 01:58pm

Markets

London stocks inch higher on mining and energy push; Vodafone slumps

UK’s main stock indexes edged higher on Thursday, supported by a boost from mining and energy stocks, although a...

Published 08 Jun, 2023 01:55pm

Business & Finance

Saudi Arabia economy grew 3.8% in Q1 boosted by non-oil activities

DUBAI: Saudi Arabia’s economy grew by 3.8% year on year in the first quarter of 2023, the General Authority for...

Published 08 Jun, 2023 01:52pm

Markets

European shares dip on rate jitters, banks rise

European shares dipped on Thursday as rate-sensitive technology shares slipped on expectations of further interest...

Published 08 Jun, 2023 01:49pm

Pakistan

Pakistan has to satisfy IMF on three counts including budget ‘consistent with programme objectives’

Resident representative says there is time for one last board review before scheduled end of Extended Fund Facility

Updated 08 Jun, 2023 08:17pm

Markets

NY coffee may rise into $1.8840-$1.9130 range

SINGAPORE: New York July coffee may break a resistance at $1.8660 per lb, and rise into a range of...

Published 08 Jun, 2023 01:45pm

World

Ukraine’s Zelenskiy visits flood-hit Kherson region after Kakhovka dam collapse

KYIV: Ukrainian President Volodymyr Zelenskiy said on Thursday he had visited the flooded southern region of Kherson...

Published 08 Jun, 2023 01:34pm

Pakistan

Toshakhana case: IHC extends stay in criminal proceedings against Imran

Extends restraining order till June 14

Published 08 Jun, 2023 01:25pm

Markets

Australian dollar dips after strong run, yields hit 11-year high

SYDNEY: The Australian dollar came off a month high on Thursday, after a spectacular run up over the past week on a...

Published 08 Jun, 2023 01:23pm

Markets

South African rand flat before current account, manufacturing data

JOHANNESBURG: The South African rand was little changed in early trade on Thursday, holding onto gains made since...

Published 08 Jun, 2023 01:14pm

World

South Africa’s Ramaphosa discusses African peace mission with Putin

JOHANNESBURG: South Africa’s President Cyril Ramaphosa had a telephone call with Russian President Vladimir Putin...

Published 08 Jun, 2023 01:08pm

Markets

TAPI Pipeline: Pakistan and Turkmenistan sign implementation plan

PM Shehbaz says pipeline crucial for region's prosperity

Updated 08 Jun, 2023 03:29pm

World

Saudi foreign minister says wealthy countries must take back Islamic State nationals

RIYADH: Saudi Arabia’s foreign minister said on Thursday it was “disheartening and absolutely unacceptable” that...

Updated 08 Jun, 2023 02:01pm

Technology

Meta introduces broadcast tool Channels on WhatsApp

Meta Platforms on Thursday introduced WhatsApp Channels, a feature that the social media giant said would help make...

Published 08 Jun, 2023 12:43pm

World

Blast kills 11 during funeral of deputy governor in northern Afghanistan

KABUL: An explosion took place inside a mosque in northern Afghanistan on Thursday, killing at least eleven people...

Updated 08 Jun, 2023 06:10pm

Sports

Benzema fever hits Jeddah ahead of Al-Ittihad presentation

Saudi champions Al-Ittihad sold more than 56,000 tickets for Karim Benzema’s presentation at Jeddah’s King Abdullah...

Published 08 Jun, 2023 12:28pm

Markets

Russian rouble hits near eight-week low past 82 vs dollar

The Russian rouble hit a near eight-week low on Thursday past 82 against the dollar, buffeted by geopolitical risks...

Published 08 Jun, 2023 12:25pm

Sports

Haaland set to reign over Europe as Man City eye historic treble

LONDON: Erling Haaland has been backed to dominate the Champions League for years to come as the record-breaking...

Published 08 Jun, 2023 11:40am

World

EU countries try to thrash out refugee burden-sharing

LUXEMBOURG: EU interior ministers meeting Thursday will seek agreement on a long-stalled revision of the bloc’s...

Published 08 Jun, 2023 11:38am

Markets

Hong Kong shares open lower

HONG KONG: Hong Kong stocks fell at the start of trade Thursday following a broadly negative close on Wall Street...

Published 08 Jun, 2023 11:34am

World

Sunak brings gifts to Biden - and message of UK-US unity

WASHINGTON: Prime Minister Rishi Sunak was set Thursday for White House talks with President Joe Biden armed with...

Published 08 Jun, 2023 11:30am

Markets

Inter-bank: rupee ends losing streak with marginal gain against US dollar

Currency appreciates 0.02% in inter-bank market

Updated 08 Jun, 2023 09:32pm

Technology

TikTok seeks up to $20bn in e-commerce business this year

ByteDance-owned TikTok hopes to more than quadruple the size of its worldwide e-commerce operations to as much as...

Published 08 Jun, 2023 11:19am

Sports

Sri Lanka’s Gunathilaka to face rape trial in Australia

SYDNEY: Sri Lankan cricketer Danushka Gunathilaka will stand trial on a rape charge stemming from an alleged...

Published 08 Jun, 2023 11:12am

Sports

Boult in line for New Zealand’s World Cup squad despite contract snub

New Zealand pace spearhead Trent Boult is available and likely to be selected for this year’s 50-overs World Cup in...

Published 08 Jun, 2023 11:09am

Markets

Corn falls 1%, soybeans down on US weather forecast; wheat eases for 2nd day

SINGAPORE: Chicago corn futures slid more than 1% on Thursday and soybeans fell for the first time in three...

Published 08 Jun, 2023 11:06am

Markets

Copper prices fall on rate jitters, Chinese stimulus caution

Copper prices fell on Thursday as a surprise interest rate hike by the Bank of Canada fuelled fears of hawkish...

Published 08 Jun, 2023 10:56am

Markets

US oil may retest resistance at $73.16

SINGAPORE: US oil may retest a resistance at $73.16 per barrel, a break above could lead to a gain to $73.89-$75.06...

Published 08 Jun, 2023 10:52am

Markets

Palm oil may retest resistance at 3,372 ringgit

SINGAPORE: Palm oil may retest a resistance at 3,372 ringgit per metric ton, a break above could lead to a gain into...

Published 08 Jun, 2023 10:46am

Markets

Brent oil may retest resistance at $77.52

Brent oil may retest a resistance at $77.52 per barrel, a break above which could lead to a gain to $78.39. The rise...

Published 08 Jun, 2023 10:44am

Markets

Spot gold may fall into $1,919-$1,929 range

SINGAPORE: Spot gold may break a support at $1,938 per ounce, and fall into a range of $1,919-$1,929. The break will...

Published 08 Jun, 2023 10:42am

Markets

China’s yuan hits 6 month low on US rate outlook, and China’s weakening recovery

SHANGHAI/SINGAPORE: China’s yuan eased to its weakest in six months against the dollar on Thursday, as the greenback...

Published 08 Jun, 2023 10:40am

World

Indonesia president calls for collaboration with Malaysia to fight ‘discrimination’ against palm oil

KUALA LUMPUR: Indonesia president Joko Widodo on Thursday called for better collaboration with neighbouring Malaysia...

Published 08 Jun, 2023 10:38am

Markets

Turkish lira touches record low near 23.4 overnight

ISTANBUL: Turkiye lira weakened 0.8% to a record low on Thursday, extending its sharp drop from the previous...

Published 08 Jun, 2023 10:32am

Markets

India bond yields rise after RBI holds rates, says inflation above target

MUMBAI: Indian government bond yields moved higher on Thursday, with the benchmark yield rising above 7%, after the...

Published 08 Jun, 2023 10:30am

Markets

Asian FX slips on higher US Treasury yields; Fed verdict eyed

Most Asian currencies weakened on Thursday, with the dollar underpinned by higher US Treasury yields as fears...

Published 08 Jun, 2023 10:29am

Markets

Gold climbs on softer dollar as traders weigh Fed verdict

Gold prices edged higher on Thursday, supported by a softer dollar, although bullion hovered near the previous...

Published 08 Jun, 2023 10:27am

Markets

Indian rupee flat after RBI holds rates, maintains stance; premiums little changed

MUMBAI: The Indian rupee was barely changed after the Reserve Bank of India kept the key policy rate at 6.5%, as...

Published 08 Jun, 2023 10:25am

Markets

South Korea’s NOFI tenders to buy 138,000 tonnes corn

HAMBURG: Leading South Korean feedmaker Nonghyup Feed Inc. (NOFI) has issued an international tender to purchase up...

Published 08 Jun, 2023 10:23am

Markets

India’s central bank holds rates, as expected

MUMBAI: India’s central bank kept its key lending rate steady for a second straight policy meeting on Thursday, as...

Published 08 Jun, 2023 10:21am

Business & Finance

Japan upgrades Q1 GDP as business spending picks up

TOKYO: Japan’s economy grew more than initially thought in January-March, revised data showed on Thursday, as a...

Published 08 Jun, 2023 10:09am

Sports

Zverev, Swiatek reach French Open semis, heartbreak for Jabeur

PARIS: Alexander Zverev returned to the semi-finals of the French Open on Wednesday a year after leaving Roland...

Published 08 Jun, 2023 10:05am

Markets

China’s biggest state banks cut deposit rates

BEIJING: China’s biggest banks on Thursday said they have lowered interest rates on yuan deposits, in actions that...

Published 08 Jun, 2023 10:00am

Markets

Asian shares slide as traders fret on Fed rates

SINGAPORE: Asian shares slipped on Thursday after a surprise interest rate hike by Bank of Canada revived worries...

Published 08 Jun, 2023 09:58am

World

Ukrainians face homelessness, disease risk as floods crest from burst dam

KHERSON: Ukrainians abandoned inundated homes on Wednesday as floods crested across the south after the destruction...

Published 08 Jun, 2023 09:55am

Markets

India’s currency in circulation falls further post RBI currency withdrawal move

MUMBAI: India’s currency in circulation dropped for a second consecutive week after the central bank withdrew the...

Published 08 Jun, 2023 09:47am

World

Air India says plane carrying passengers stranded in Russia takes off for San Francisco

Air India said on Thursday that its replacement flight has taken off from Russia’s Magadan for San Francisco,...

Published 08 Jun, 2023 09:45am

Business & Finance

Toshiba board recommends shareholders support JIP-led $14bn buyout

TOKYO: Japan’s Toshiba Corp said on Thursday its board of directors has decided to recommend shareholders take up a...

Published 08 Jun, 2023 09:42am

World

US East Coast blanketed in veil of smoke from Canadian fires

NEW YORK: Schools across the U.S. East Coast canceled outdoor activities, airline traffic slowed and millions of...

Published 08 Jun, 2023 09:40am

Markets

Australian shares fall for third day on hawkish central bank, weak growth

Australian shares extended losses for a third straight session on Thursday, hit by weak economic growth and a...

Updated 08 Jun, 2023 01:12pm

Markets

Indian shares open higher ahead of RBI rate decision

BENGALURU: Indian shares opened higher on Thursday, with the benchmarks closing in on all-time highs, ahead of the...

Published 08 Jun, 2023 09:27am

Markets

Japan’s Nikkei falls for second day as tech rally loses steam; Eisai jumps

TOKYO: Japan’s Nikkei fell sharply for a second straight session on Thursday as investors locked in profits from a...

Updated 08 Jun, 2023 01:17pm

Markets

Dollar steady as traders consider Fed, global rates outlook

SINGAPORE: The dollar was on the back foot on Thursday, though it drew some support from higher US Treasury yields...

Published 08 Jun, 2023 09:22am

Markets

Oil rises as Saudi cut supports and focus turns to Fed

LONDON: Oil rose on Thursday as tighter supply resulting from Saudi Arabia’s pledged production cut and a potential...

Updated 08 Jun, 2023 06:03pm

BR Research

MPS: No good news

The monetary policy meeting is due on Monday (12th June). The market is expecting no change, based on a few surveys...

Published 08 Jun, 2023 07:54am

BR Research

Saudi surprise to keep oil prices elevated

Oil market is extremely fickle. From talks of oil likely to recede to $50/bbl just last month to $100/bl being a...

Published 08 Jun, 2023 07:51am

BR Research

AGP Limited

AGP Limited (PSX: AGP) was incorporated in Pakistan as a public limited company in 2014. The company is engaged in...

Published 08 Jun, 2023 07:50am

Pakistan

The Weather

KARACHI: The weather report on Wednesday (June 07, 2023) and the forecast for Thursday (June 08, 2023)...

Published 08 Jun, 2023 07:04am

World

China trade with Russia hits highest level since Ukraine war

BEIJING: China’s total trade with Russia in May soared to levels not seen since the beginning of Moscow’s war in...