Budgets Key highlights of Budget 2024-25 Business Recorder takes a look at key points Updated 15 Jun, 2024 01:20pm
Cricket Shakib stars as Bangladesh edge closer to T20 World Cup second round KINGSTOWN: Veteran all-rounder Shakib Al Hasan hit a half-century as Bangladesh defeated the Netherlands by 25 runs... Updated 13 Jun, 2024 11:51pm
Energy Oil edges higher as US data offsets impact of Fed rate-cut outlook NEW YORK: Oil prices rose slightly on Thursday in up-and-down trade, pressured by rising U.S. crude and fuel... Updated 13 Jun, 2024 11:31pm
South Asia Two Japanese climbers missing in Pakistan’s north SKARDU: Two Japanese climbers were missing in Pakistan’s mountainous north, home to some of the world’s tallest... Updated 13 Jun, 2024 11:19pm
Bullion Rate Gold price per tola declines Rs1,200 in Pakistan Gold prices decreased in Pakistan on Thursday in line with a decline in the international rate. In the local market,... Updated 13 Jun, 2024 11:17pm
Middle East Israeli forces thrust deeper into Rafah as diplomacy falters CAIRO: Israeli tanks advanced deeper into the western area of Rafah, amid one of the worst nights of bombardment... Updated 13 Jun, 2024 11:16pm
Pakistan Cipher case: Federal govt challenges Imran Khan, Shah Mahmood’s acquittal in SC The federal government on Wednesday challenged Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan and Shah Mahmood... Updated 13 Jun, 2024 11:14pm
Stocks KSE-100 sees record 3,410-point gain, settles at historic high of 76,208 Analysts say government's proposed budgetary measures largely positive for market that gained nearly 5% on Thursday Updated 13 Jun, 2024 11:14pm
Currency Rupee registers marginal gain against US dollar Currency settles at 278.59 against the greenback Updated 13 Jun, 2024 11:06pm
World Biden at G7: Hamas has to move on Gaza ceasefire BORGO EGNAZIA: U.S. President Joe Biden said on Thursday he has not lost hope of getting agreement on a Gaza... Published 13 Jun, 2024 10:58pm
Pakistan Budget FY2024-25: Punjab govt presents Rs5.4 trillion ‘tax-free’ budget Opposition could be seen tearing budget document in protest Updated 13 Jun, 2024 10:38pm
Stocks Nasdaq, S&P 500 rise on soft producer inflation data, chip strength The S&P 500 and Nasdaq indexes hovered near record highs on Thursday, lifted by a jump in chip stocks after... Published 13 Jun, 2024 07:41pm
Middle East Hezbollah says it attacked 9 Israeli military sites with rockets, drones BEIRUT: Hezbollah said it had launched rockets and weaponised drones at nine Israeli military sites in a coordinated... Published 13 Jun, 2024 07:36pm
Forex SBP-held foreign exchange reserves see slight decline, stand at $9.1bn Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased marginally by $6 million on a weekly... Published 13 Jun, 2024 07:34pm
Budgets Tax Memorandum 2024-25: a turbulent takeoff amidst the IMF negotiations Published 13 Jun, 2024 07:35pm
Pakistan PM Shehbaz meets Fazl, proposes formation of committee for political dialogue Premier says JUI-F chief has always promoted peaceful struggle for the protection of democratic values Updated 13 Jun, 2024 07:34pm
Stocks Most Gulf shares end higher; Saudi hits 6-month low Most stock markets in the Gulf gained on Thursday, as investors continued cheering a soft U.S. inflation report... Published 13 Jun, 2024 07:01pm
Europe Turkiye signs deal with US to buy F-16 warplanes ISTANBUL: Turkiye and the United States have signed a contract for the sale of F-16 warplanes after Washington... Published 13 Jun, 2024 06:34pm
Sports Messi to miss Olympics but leaves door open for 2026 World Cup MIAMI: Eight-time Ballon d’Or winner Lionel Messi has confirmed in an interview with US broadcaster ESPN that he... Published 13 Jun, 2024 06:27pm
Europe NATO says over 300,000 troops now on high readiness BRUSSELS: NATO countries have “comfortably exceeded” a target of placing 300,000 troops on high-readiness as the... Published 13 Jun, 2024 06:22pm
Europe Ukraine power sector to receive $1bn aid from allies, ministry says KYIV: Ukraine will receive around $1 billion from allies and G7 countries to support its energy sector, which has... Published 13 Jun, 2024 06:05pm
Middle East UAE economy to grow 3.9% in 2024, central bank projects DUBAI: The United Arab Emirates’ economy grew 3.6% in 2023, the Gulf state’s central bank said in its annual report... Published 13 Jun, 2024 05:51pm
Stocks IT leads Indian shares to record closing highs on US rate outlook BENGALURU: Indian shares logged record closing highs on Thursday, amid a global rally after softer-than-expected... Published 13 Jun, 2024 05:43pm
Commodities Copper under pressure on Fed rate cut outlook LONDON: A rebound in copper prices paused on Thursday as the dollar steadied after the Federal Reserve pushed back... Published 13 Jun, 2024 05:38pm
Commodities Palm reverses two-day climb on lower Chicago soyoil, crude prices SINGAPORE: Malaysian palm oil futures snapped a two-day winning streak to fall on Thursday, as the contract tracked... Published 13 Jun, 2024 05:36pm
Luxury US luxury travel agents so far see underwhelming demand for Olympics NEW YORK: Luxury travel agencies in the United States are so far seeing lackluster demand for the Paris Olympics, as... Published 13 Jun, 2024 05:09pm
Business & Economy Post-budget presser: govt wants to enhance tax-to-GDP ratio to 13% in 3 years, says Aurangzeb Finance minister hopeful Pakistan will reach Staff-Level Agreement with International Monetary Fund (IMF) by July Updated 13 Jun, 2024 04:40pm
Finance Bill 2024: New ‘late filers’ category introduced Category created to attract higher rate of tax for late filing of income tax return Updated 13 Jun, 2024 03:48pm
Defence budget raised by 17.6pc ISLAMABAD: The federal government on Wednesday budgeted Rs2,128.8 billion for defence affairs and services for... Updated 13 Jun, 2024 03:47pm
Stocks Gulf bourses dip in early trade on Fed’s hawkish tone Most stock markets in the Gulf were subdued in early trading on Thursday, as investors weighed cooling US inflation... Published 13 Jun, 2024 03:37pm
Europe Ukraine’s foreign minister welcomes US sanctions on Russia KYIV: Ukraine’s Foreign Minister Dmytro Kuleba said on Thursday he welcomed a sweeping new set of US sanctions... Published 13 Jun, 2024 03:35pm
Europe Joe Biden will urge G7 leaders to push Hamas to back ceasefire deal: White House’s Sullivan BARI: US President Joe Biden will urge fellow leaders of Group of Seven nations to support ceasefire negotiations... Published 13 Jun, 2024 03:25pm
Technology Amazon adds $230 million in cloud credits to AI startups Amazon said it is investing $230 million in the form of Amazon Web Service (AWS) credits in artificial intelligence... Published 13 Jun, 2024 03:18pm
Sports Wimbledon serves up record prize money of 50 million pounds LONDON: Wimbledon will have a record 50 million pound ($63.94 million) prize money pot this year with singles... Published 13 Jun, 2024 03:14pm
Europe NATO chief expects France to remain ‘staunch’ ally BRUSSELS: NATO chief Jens Stoltenberg said Thursday he expects France to stay a key member of the western military... Published 13 Jun, 2024 02:14pm
Movies & Music James Bond 007 producers to receive honorary Oscars LOS ANGELES: The producers of the James Bond movies will receive honorary Oscars at a ceremony this November, the... Published 13 Jun, 2024 02:00pm
Mutual Funds JGB yields dip with US peers; market ponders BOJ tapering TOKYO: Japanese government bond (JGB) yields slipped on Thursday, tracking a decline in their US peers, although... Published 13 Jun, 2024 01:33pm
Sports England coach hopes Hazlewood’s comments were tongue in cheek England coach Matthew Mott said he hopes Josh Hazlewood’s comments that Australia might look to secure only a narrow... Published 13 Jun, 2024 01:21pm
Commodities Taiwan’s MFIG buys about 65,000 T corn, expected from Brazil HAMBURG: Taiwan’s MFIG purchasing group bought about 65,000 metric tons of animal feed corn expected to be sourced... Published 13 Jun, 2024 01:19pm
Mutual Funds Euro zone bond yields climb as Fed officials see just one rate cut in 2024 Euro zone borrowing costs rose on Thursday as Federal Reserve policymakers’ median projection for the number of... Published 13 Jun, 2024 01:18pm
Forex Rouble falls on low liquid interbank market after new US sanctions MOSCOW: The rouble fell to a near three-week low against the dollar on the interbank market on Thursday, albeit amid... Published 13 Jun, 2024 01:17pm
Commodities Lebanon buys about 63,000 T wheat sourced from Ukraine, traders say HAMBURG: The Lebanese government is believed to have purchased about 63,000 metric tons of wheat in a tender all... Published 13 Jun, 2024 01:15pm
Forex South African rand gains as unity government talks progress JOHANNESBURG: The South African rand was stronger in early trade on Thursday as government of national unity (GNU)... Published 13 Jun, 2024 01:02pm
Sports Joshua Zirkzee added to Dutch squad for Euro 2024 WOLFSBURG: Striker Joshua Zirkzee has been added to the Netherlands squad for the European Championship, only hours... Published 13 Jun, 2024 12:55pm
Stocks London stocks lose steam on Fed rate cut outlook British stocks opened lower on Thursday as the Federal Reserve projected fewer rate cuts this year, while a slew of... Published 13 Jun, 2024 12:51pm
Commodities India’s May palm oil imports hit 4-month high on competitive prices MUMBAI: India’s palm oil imports rose by 11.6% in May from the previous month to reach the highest level in four... Published 13 Jun, 2024 12:49pm
Stocks European shares open lower as Fed trims rate-cut projections European shares edged lower at open on Thursday, weighed down by elevated government bond yields, as a more hawkish... Published 13 Jun, 2024 12:47pm
Sports Jacobs claims second European gold as Italy win 4x100m relay ROME: Marcell Jacobs claimed his second gold of the European championships on his home Rome track on Wednesday as... Published 13 Jun, 2024 12:39pm
Middle East Houthis claim attack on merchant ship in Red Sea off Yemen DUBAI: Yemen’s Iran-backed Houthi rebels on Wednesday claimed an attack on a merchant ship in the Red Sea, part of... Published 13 Jun, 2024 12:13pm
Sports Scotland relying on joker McGinn to be Euros ace MUNICH: John McGinn has already gone viral in Germany thanks to his attempt at Bavarian folk dancing and the... Published 13 Jun, 2024 12:07pm
Europe Britain to announce up to £242 million in Ukraine aid LONDON: British Prime Minister Rishi Sunak will announce up to £242 million in fresh assistance for Ukraine at the... Published 13 Jun, 2024 12:01pm
Stocks Hong Kong stocks advance in opening business HONG KONG: Hong Kong stocks opened sharply higher Thursday, tracking another record-breaking day on Wall Street,... Published 13 Jun, 2024 11:57am
Europe G7 eyes Ukraine funding plan at Italy summit BARI: G7 leaders gather Thursday for the first day of an Italy summit, seeking to seal a deal on using frozen... Published 13 Jun, 2024 11:43am
Middle East Fire in Kuwait building kills 49 foreign workers DUBAI: At least 49 people were killed in Kuwait on Wednesday after a fire broke out in a building housing foreign... Published 13 Jun, 2024 11:09am
Business & Finance Japan’s Honda to start selling micro-sized electric vans in October TOKYO: Honda Motor will start selling a micro-sized electric van targeted at Japan’s delivery industry in October,... Published 13 Jun, 2024 11:04am
Sports Brazil held 1-1 by US in Copa America warm-up Brazil drew 1-1 with the United States in a friendly in Orlando on Wednesday in a final tune-up for both sides ahead... Published 13 Jun, 2024 11:01am
Commodities Palm tracks rival oils higher, stronger ringgit caps gains SINGAPORE: Malaysian palm oil futures tracked rival Dalian and Chicago oils higher on Thursday, although gains were... Published 13 Jun, 2024 10:59am
Europe UN refugee agency says record 117mn people forcibly displaced in 2023 GENEVA: The United Nations refugee agency on Thursday said the number of people forcibly displaced stood at a record... Published 13 Jun, 2024 10:57am
South Asia IMF approves second review of Sri Lanka’s $2.9bn bailout, warns of economic risks COLOMBO: The International Monetary Fund (IMF) approved the second review of Sri Lanka’s $2.9 billion bailout, but... Published 13 Jun, 2024 10:52am
Commodities Chicago corn, wheat rise on Russian weather outlook, lower USDA estimate JAKARTA: Chicago wheat and corn futures edged higher on Thursday after the US Department of Agriculture (USDA) cut... Published 13 Jun, 2024 10:49am
Technology Tesla shareholders voting yes for Musk’s $56bn pay package, CEO says on X Tesla shareholders are voting to approve a $56 billion pay package for Elon Musk and to move the electric vehicle... Published 13 Jun, 2024 10:48am
Bullion Rate Gold slips as Fed signals only one rate cut this year Gold prices fell on Thursday after the US Federal Reserve in its most recent policy meeting scaled back to only one... Published 13 Jun, 2024 10:45am
Business & Finance Thai consumer confidence falls for third straight month in May BANGKOK: Thai consumer confidence dropped for a third straight month in May on concerns over a slow economic... Published 13 Jun, 2024 10:43am
Technology China’s Ant Group invests $2.9 billion in technology research last year SHANGHAI: China’s Ant Group said Thursday it invested a record high 21.19 billion yuan ($2.92 billion) in technology... Published 13 Jun, 2024 10:42am
Technology China urges EU to reconsider EV tariffs BEIJING: Beijing hopes the European Union will reconsider tariffs on Chinese electric vehicles and stop going... Published 13 Jun, 2024 10:40am
Forex Australia, NZ dollars cheer US inflation relief, jobs news SYDNEY: The Australian and New Zealand dollars were consolidating gains on Thursday after a surprisingly soft... Published 13 Jun, 2024 10:36am
Asia China’s Premier Li in New Zealand for talks with prime minister WELLINGTON: China’s Premier Li Qiang was welcomed to New Zealand with a traditional ceremony in the capital... Published 13 Jun, 2024 10:18am
Stocks China stocks fall amid growing trade frictions; HK follows Wall Street higher SHANGHAI: China stocks fell on Thursday as Europe’s additional tariffs on Chinese electric cars deepened economic... Published 13 Jun, 2024 10:15am
Sports West Indies into Super Eight, winless New Zealand face early exit T20 World Cup co-hosts West Indies sailed into the Super Eight stage of the tournament on Wednesday with a 13-run... Published 13 Jun, 2024 10:12am
Stocks Asia stocks rally, bond yields fall as investors assess Fed outlook TOKYO: Asian equities rallied on Thursday, while bond yields slid, as investors weighed cooling US inflation against... Published 13 Jun, 2024 10:00am
Mutual Funds India bond yields dip as markets cheer US inflation data MUMBAI: Indian government bond yields slipped on Thursday, with the 10-year yield below 7%, tracking the drop in US... Published 13 Jun, 2024 09:58am
Forex Indian rupee helped by soft US inflation data, hawkish Fed to weigh MUMBAI: The Indian rupee will be supported on Thursday by the lower-than-expected US inflation print, while... Published 13 Jun, 2024 09:56am
Stocks Japan’s Nikkei reverses early gains ahead of BOJ’s policy decision TOKYO: Japan’s Nikkei share average surrendered early gains to trade lower on Thursday ahead of the Bank of Japan’s... Published 13 Jun, 2024 09:54am
Stocks Financials lead Australia shares higher; local jobs data eyed Australian shares edged higher to snap from a two-day losing streak on Thursday, led by gains in heavyweight... Published 13 Jun, 2024 09:52am
Stocks IT stocks lift India’s Nifty 50, Sensex to record highs at open BENGALURU: Indian shares hit record highs at the open on Thursday, led by information technology stocks amid broader... Published 13 Jun, 2024 09:49am
Forex Dollar slips on cooler US inflation; yen fragile ahead of BOJ SINGAPORE: Asian currencies were firm on Thursday against a dollar knocked by softer-than-expected US inflation,... Published 13 Jun, 2024 09:47am
Govt proposes increase in PL rate ISLAMABAD: The federal government has proposed an increase in petroleum levy to Rs 80 per litre on petrol and diesel... Updated 13 Jun, 2024 09:47am
With 48pc cut Rs4.37bn earmarked for Interior Division ISLAMABAD: The government has earmarked a sum of Rs4.37 billion for Interior Division for fiscal year 2024-25 under... Updated 13 Jun, 2024 09:46am
BR’s refresher: your morning briefing for the day Important updates from June 12, 2024 Published 13 Jun, 2024 09:43am
Ministry of Law & Justice: Rs1368.874m earmarked for development schemes in PSDP ISLAMABAD: The federal government earmarked Rs1368.874 million for 10 ongoing and seven new schemes of the Ministry... Updated 13 Jun, 2024 09:37am
Finance Bill 2024 laid in Senate ISLAMABAD: Finance Minister Muhammad Aurangzeb, Wednesday, moved a copy of the Finance Bill 2024 in Senate, which... Updated 13 Jun, 2024 09:37am
No amount from IMF loans budgeted for budgetary support ISLAMABAD: The government has budgeted no amount from the International Monetary Fund (IMF) loans for budgetary... Updated 13 Jun, 2024 09:36am
Non-tax revenue: Rs32.6bn earmarked from 4G/5G licences ISLAMABAD: The government has budgeted Rs32.612 billion from 4G/5G licenses under the head of non-tax revenue for... Updated 13 Jun, 2024 09:36am
Prepaid internet, phone cards: Govt increases income tax rate for non-filers ISLAMABAD: The government has increased the income tax rate for non-filers purchasing prepaid internet and phone... Updated 13 Jun, 2024 09:34am
Rs30bn sell-off income target set ISLAMABAD: The federal government has set a budgeted target of collecting Rs30 billion through privatisation... Updated 13 Jun, 2024 09:33am
BISP allocated Rs598.71bn ISLAMABAD: Benazir Income Support Programme (BISP) has been budgeted at Rs598.71 billion in financial year 2024-25,... Updated 13 Jun, 2024 09:32am
BR Research Too far gone! The stability of the Pakistani economy—and ultimately its frequent collapses—hinges greatly on how subsequent... Published 13 Jun, 2024 08:12am
Business & Finance SALIENT FEATURES • No increase of duties on import of essential items. • Providing relief for common man. • Promote and... Updated 13 Jun, 2024 08:17am
BR Research Power sector: Reforming with subsidies You have long been told the energy subsidy reforms are in full swing. There are talks of limiting energy sector... Published 13 Jun, 2024 08:16am
Opinion Street forests can prevent encroachers from usurping Karachi’s urban spaces “We have every right to occupy open public spaces near our mosque,” was the refrain from a well attired moulvi... Updated 13 Jun, 2024 08:15am
Opinion Squid Game of CSS In a country grappling with debilitating debts, systemic inefficiencies across sectors, rampant inflation and... Updated 13 Jun, 2024 08:12am
Opinion Navigating economic diplomacy–I Spiraling electricity bills and the resulting unbearable burden on the ordinary consumers has brought the agreements... Updated 13 Jun, 2024 08:10am
BR Research Pakistan Tobacco Company Limited Pakistan Tobacco Company Limited (PSX: PAKT) was incorporated in Pakistan as a public limited company in 1947. The... Published 13 Jun, 2024 08:06am
Opinion A budget that at once seems overambitious Overambition is the call of the day. Con-crete measures to support high taxation growth—something the country... Updated 13 Jun, 2024 07:53am
Opinion Anatomizing budget The budget 2024-25 exercise is akin to a five-legged kangaroo - one leg manacled by the International Monetary Fund... Updated 13 Jun, 2024 07:49am
Editorials The Budget EDITORIAL: The federal finance minister, Muhammad Aurangzeb, presented in the National Assembly his and the Shehbaz... Updated 13 Jun, 2024 07:32am
Business & Finance Agri think tank lauds direct, indirect initiatives spelled out in budget LAHORE: Agriculture Republic, an agricultural think tank, has welcomed various direct and indirect initiatives... Published 13 Jun, 2024 07:29am
Pakistan Two ANF men killed by drug dealers in Jhelum RAWALPINDI: Three persons including two Anti-Narcotics Force (ANF) personnel were martyred as a result of firing by... Published 13 Jun, 2024 07:26am
Pakistan Substandard and spurious medicines: Punjab CM for strict implementation of monitoring steps LAHORE: While approval to a programme aimed at eliminating substandard and spurious medicines across Punjab, Chief... Published 13 Jun, 2024 07:26am
Technology Huawei to train 200,000 young Pakistanis ISLAMABAD: Huawei has resolved to train 200,000 young Pakistanis. Vice CEO Huawei Pakistan Ray Yu called on the... Published 13 Jun, 2024 07:19am
Pakistan NAB Lahore initiates probe into mega sugar scam LAHORE: Director General, National Accountability Bureau (NAB) Lahore, Amjad Majeed Aulakh took a swift action over ... Published 13 Jun, 2024 07:16am
Pakistan JI describes budget as ‘document of IMF slavery’ LAHORE: Jamaat-e-Islami Chief Hafiz Naeem ur Rehman has rejected the budget as a document of IMF slavery. Addressing... Published 13 Jun, 2024 07:15am
Pakistan The Weather KARACHI: The weather report on Wednesday (June 12, 2024) and the forecast for Thursday (June 13, 2024)... Published 13 Jun, 2024 06:59am
Stocks Tokyo shares end down ahead of US inflation data TOKYO: Tokyo stocks closed lower on Wednesday as investors awaited the release of US inflation data. The benchmark... Published 13 Jun, 2024 06:59am
Stocks China stocks edge up, HK down on mild inflation data SHANGHAI: China stocks edged up at close, while Hong Kong shares fell on Wednesday after data showed consumer prices... Published 13 Jun, 2024 06:59am
Stocks European shares gain as cool US data bolsters Fed rate cut hopes PARIS: European shares advanced on Wednesday, with rate-sensitive sectors like real-estate jumping after a cool US... Published 13 Jun, 2024 06:59am
Rates BRIndex100 and BR Sectoral Indices KARACHI: BRIndex100 and BR Sectoral Indices on Wednesday (June 12, 2024). ==================================== BR... Published 13 Jun, 2024 06:59am
Paper Lahore Paper Market Rates LAHORE: Paper market rates in rupees on Wednesday (June 12, 2024). ======================================= Offset... Published 13 Jun, 2024 06:59am
Grains Lahore Grain Market Rates LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (June 12, 2024)... Published 13 Jun, 2024 06:59am
Rates Shipping Intelligence KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (June 12, 2024).... Published 13 Jun, 2024 06:59am
Forex Kerb buying and selling rate of US dollar KARACHI: Dollar buying and selling rate in the kerb market in rupees on Wednesday (June 12, 2024).... Published 13 Jun, 2024 06:59am
Forex Dollar's rate in interbank market KARACHI: Interbank closing rates for dollar on Wednesday (June 12, 2024). ======================== Open Bid ... Published 13 Jun, 2024 06:59am
Forex Open market rates of foreign currencies KARACHI: Open market rates of foreign currencies supplied by the Exchange Companies Association of Pakistan on... Published 13 Jun, 2024 06:59am
Rates Kibor interbank offered rates KARACHI: Kibor interbank offered rates on Wednesday (June 12, 2024). ========================== KIBOR... Published 13 Jun, 2024 06:59am
Forex Currency values in terms of Special Drawing Rights WASHINGTON: The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special... Published 13 Jun, 2024 06:59am
Rates LME official prices LONDON: The following were Tuesday official prices. ========================================= ALUMINIUM... Published 13 Jun, 2024 06:59am
Energy Oil little changed as surprise crude stock build caps gains HOUSTON: Oil prices were broadly steady on Wednesday after three key forecasters predicted that global oil... Published 13 Jun, 2024 06:59am
Cotton & Textile Cotton market: Spot rate firm amid low business activity LAHORE: The local cotton market on Wednesday remained steady and the trading volume remained low. According to... Published 13 Jun, 2024 06:59am
Cotton & Textile Cotton spot rates KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Wednesday, (June 12, 2024)... Published 13 Jun, 2024 06:59am
Rates Activities at Karachi Port Trust and Port Qasim KARACHI: The Karachi Port Trust handled 103,490 tonnes of cargo comprising 54,010 tonnes of import cargo and 49,480... Published 13 Jun, 2024 06:59am
Commodities Copper prices rise as cooling US inflation boosts rate cut hopes LONDON: Copper prices bounced on Wednesday and the dollar tumbled after cooler-than-expected US inflation data... Published 13 Jun, 2024 06:59am
Commodities Chicago wheat futures dip after rally SINGAPORE: Chicago wheat futures retreated on Wednesday from a strong jump in the previous session, although... Published 13 Jun, 2024 06:59am
Commodities PMEX daily trading report KARACHI: On Tuesday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR 15.358 billion... Published 13 Jun, 2024 06:59am
Commodities Iron ore futures struggle for direction BEIJING: Prices of iron ore futures struggled for direction on Wednesday, as support from improved economic data in... Published 13 Jun, 2024 06:59am
Commodities FranceAgriMer raises 2023/24 non-EU wheat export forecast PARIS: Farm office FranceAgriMer on Wednesday increased its forecast of French soft wheat exports outside the... Published 13 Jun, 2024 06:59am
Commodities Malaysian palm oil futures extend gains SINGAPORE: Malaysian palm oil futures extended gains on Wednesday, tracking higher soyoil and crude oil prices.... Published 13 Jun, 2024 06:59am
Commodities Gold climbs on soft inflation data Gold prices rose 1% on Wednesday after a surprisingly soft US consumer inflation report raised hopes for an interest... Published 13 Jun, 2024 06:59am
Commodities Japanese rubber futures rebound SINGAPORE: Japanese rubber futures pared early losses to rebound on Wednesday, tracking a surge in butadiene rubber... Published 13 Jun, 2024 06:59am
Rates Stocks snap losing streak KARACHI: Pakistan Stock Exchange on Wednesday showed recovery and closed in positive on the back of fresh buying,... Published 13 Jun, 2024 06:59am
Stocks Inflation cheer boosts Wall St ahead of Fed decision NEW YORK: US stocks rose broadly on Wednesday, with the S&P 500 and the Nasdaq touching fresh record highs after... Published 13 Jun, 2024 06:59am
Stocks Asian FX steady ahead of US inflation data BENGALURU: Emerging Asian currencies were steady on Wednesday and equities notched modest gains ahead of key US... Published 13 Jun, 2024 06:59am
Money & Banking Yuan wallows near 7-month lows SHANGHAI: China’s yuan languished near seven-month lows on Wednesday as traders cautiously awaited a US inflation... Published 13 Jun, 2024 06:59am
Money & Banking Dollar drops on softer than expected May inflation NEW YORK: The dollar tumbled on Wednesday after data showed that consumer prices in May rose less than economists... Published 13 Jun, 2024 06:59am
Pakistan Environmental problems, food security challenges: ‘Strategy is needed to stop rampant expansion of cities FAISALABAD: The rampant expansion of cities is turning lush green agricultural fields into cement and concrete... Published 13 Jun, 2024 06:56am
Taxes Punjab to present ‘tax-free’ budget today LAHORE: The Punjab government will present its tax-free budget for the year 2024-25 on Thursday (today) with a focus... Published 13 Jun, 2024 06:56am
Industry LCCI says concerned at some taxation measures LAHORE: While appreciating some of the pro-business measures in federal budget, the Lahore Chamber of Commerce and... Published 13 Jun, 2024 06:51am
Business & Finance PRA likely to achieve its revenue target LAHORE: The Punjab Revenue Authority (PRA) is on its way to achieve revenue target for the Financial Year ... Published 13 Jun, 2024 06:49am
Business & Finance NOTES ON CLAUSES CUSTOMS ACT, 1969 (IV OF 1969) Clause 3 (1) (a) Seeks to add new clause in ... Published 13 Jun, 2024 06:43am
Energy Nepra avoids indulging in govt policy matters ISLAMABAD: National Electric Power Regulatory Authority (Nepra) on Wednesday avoided indulging in government policy... Published 13 Jun, 2024 06:43am
Pakistan Rs12.56bn allocated for Ministry of Food Security & Research ISLAMABAD: The government has allocated Rs 12.56 billion for the Ministry of National Food Security and Research... Published 13 Jun, 2024 06:37am
Taxes E-invoices of sales tax proposed for registered persons ISLAMABAD: The Federal Board of Revenue (FBR) has introduced a new provision of issuance of electronic sales tax... Published 13 Jun, 2024 06:37am
Energy PD prepares plan to deploy civil armed forces’ personnel at Discos ISLAMABAD: The Power Division is said to have prepared a plan to deploy troops of Civil Armed Force (Rangers, FC) in... Published 13 Jun, 2024 06:37am
Commodities Gold prices gain KARACHI: The local gold market on Wednesday gained some momentum but silver stood firm, traders said. Prices of the... Published 13 Jun, 2024 06:32am
Technology ‘Google & Tech Valley’s Digital Safar’ initiative launched LAHORE: Minister Education Rana Sikandar Hayat launches “Google & Tech Valley’s Digital Safar” initiative... Published 13 Jun, 2024 06:22am
Technology PITB, Tech Valley join hands to provide Google scholarships LAHORE: The Punjab Information Technology Board (PITB) and Tech Valley Pakistan have joined hands to provide 10,000... Published 13 Jun, 2024 06:22am
Pakistan CPJ demands Punjab govt to swiftly repeal defamation law NEW YORK: The Committee to Protect Journalists expressed alarm on Tuesday that Punjab hastily enacted a defamation... Published 13 Jun, 2024 06:22am
Opinion PARTLY FACETIOUS: ‘NMN is a lady and not a malefactor’ “Hunter Biden has been found guilty on three counts…” “The US has taken the lead there.” “Have you... Published 13 Jun, 2024 06:22am
Industry No relief for industry in budget, claims PBF KARACHI: Pakistan Business Forum (PBF) says despite the fragile economic position of the country the business... Published 13 Jun, 2024 06:22am
Pakistan Education gets Rs103.78bn ISLAMABAD: The government has earmarked Rs103.781 billion for Education Affairs and Services in the federal budget... Published 13 Jun, 2024 06:22am
Taxes New section added to ST Act 1990: Concept of ‘investigative audit’ introduced ISLAMABAD: A major change having far-reaching consequences proposed in the Finance Bill 2024 is the introduction of... Published 13 Jun, 2024 06:22am
Pakistan Sindh Budget: Govt employees, poor people to be given relief: minister KARACHI: Provincial Minister of Energy Development and Planning Sindh Syed Nasir Hussain Shah has said that relief... Published 13 Jun, 2024 06:22am
Business & Finance Business community says ‘it’s an IMF-friendly budget’ KARACHI: The federal budget 2024-25 has drawn sharp criticism from the business community, that termed it an... Published 13 Jun, 2024 06:22am
Industry Budget: FPCCI gives a mixed reaction KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Wednesday expressed a mixed reaction ... Published 13 Jun, 2024 06:22am
Business & Finance Most of budget targets in line with IMF guidelines: analysts KARACHI: The federal budget will continue the fiscal consolidation seen last year and most of the targets are in ... Published 13 Jun, 2024 06:22am
Pakistan IIOJK strife: Indian police blame Pakistan OCCUPIED SRINAGAR: Police in Illegally Indian Occupied Jammu and Kashmir (IIOJK) blamed Pakistan on Wednesday for a... Published 13 Jun, 2024 06:22am
Pakistan PPP accuses PML-N of ignoring its inputs: Budget ‘anti-poor’: opposition ISLAMABAD: Having been lashed out by the opposition forces over tending to formulate the anti-poor and excessively... Published 13 Jun, 2024 06:22am
Stocks Budget termed overall positive for market KARACHI: Contrary to expectations of change in treatment of income from capital gain and dividends to normal tax,... Published 13 Jun, 2024 06:22am
Pakistan Omar terms budget ‘a violation of constitutional norms’ ISLAMABAD: The Opposition Leader in the National Assembly, Omar Ayub Khan, on Wednesday, expressed strong ... Published 13 Jun, 2024 06:22am
Pakistan Sales tax exemption on supplies to charitable hospitals removed ISLAMABAD: The federal government has proposed to remove the sales tax exemption on supplies to charitable hospitals... Published 13 Jun, 2024 06:22am
Pakistan Rs27bn earmarked for National Health Services ministry ISLAMABAD: The government has earmarked Rs 27 billion for the Ministry of National Health Services and Regulations,... Published 13 Jun, 2024 06:22am
Pakistan Attack on Khawar Maneka: ATC directs PTI lawyers to join probe ISLAMABAD: An Anti-Terrorism Court (ATC), on Wednesday, directed Pakistan Tehreek-e-Insaf (PTI) lawyers to join the... Published 13 Jun, 2024 06:22am
Pakistan CM launches ‘Traffic Response Unit’ in Lahore LAHORE: Launching the ‘Traffic Response Unit’ (TRU) here Wednesday, Punjab Chief Minister Maryam Nawaz Sharif... Published 13 Jun, 2024 06:22am
Pakistan International Day against Child Labour: Enforcement of Punjab Domestic Workers Act 2019 demanded LAHORE: Child labour remains a significant issue in Pakistan, although there have been efforts to address it.... Published 13 Jun, 2024 06:22am
Pakistan Federal govt employees stage protest demo ISLAMABAD: Federal government employees on Wednesday staged a protest demonstration outside the parliament during ... Published 13 Jun, 2024 06:22am
Pakistan Capital’s 3 NA seats: IHC stays proceedings of ET against election results ISLAMABAD: The Islamabad High Court (IHC) stayed the proceedings of the newly-appointed Election Tribunal against ... Published 13 Jun, 2024 06:22am
Pakistan Illegal factory busted over producing banned Boostin injections ISLAMABAD: The Drug Regulatory Authority of Pakistan (DRAP) in collaboration with the Federal Investigating Agency... Published 13 Jun, 2024 06:22am
Pakistan Magistrate grants one-day physical remand of Imran Riaz LAHORE: A judicial magistrate on Wednesday remanded a journalist Imran Riaz Khan in one-day police custody for his... Published 13 Jun, 2024 06:22am
Pakistan Minister seeks ‘Ninth Wage Award’ implementation LAHORE: Provincial Information Minister Azma Bokhari suggested the federal government to implement the Ninth Wage... Published 13 Jun, 2024 06:22am
Energy Wapda starts inspection of Neelum Jhelum Project’s headrace tunnel LAHROE: Water and Power Development Authority (Wapda) has commenced inspection of Neelum Jhelum’s headrace tunnel... Published 13 Jun, 2024 06:22am
Pakistan APNS rejects 10pc GST on newsprint KARACHI: The APNS strongly rejects imposition of 10pc GST on import of newsprint and urges upon the Federal... Published 13 Jun, 2024 06:22am
Business & Finance Rs539bn financing to be provided to export sector thru SBP KARACHI: The federal government has announced to provide a financing of Rs 539 billion to the exporters through ... Published 13 Jun, 2024 06:22am
Companies Service offerings easypaisa adds Raast P2M system to its platform KARACHI: easypaisa has elevated its service offerings by integrating the Raast P2M (Person to Merchant) payment... Published 13 Jun, 2024 06:22am
Business & Finance Remittances via formal route: Rs86.9bn set aside for TT charges refund KARACHI: The federal government has proposed to allocate Rs 86.9 billion for the reimbursement of TT charges to ... Published 13 Jun, 2024 06:22am
Business & Finance It’s not a ‘people-friendly’ budget: economist KARACHI: Tough measures have been adopted in the federal budget 2024-25, and it is not at all a ... Published 13 Jun, 2024 06:22am
Business & Finance Tajir Dost Scheme: Traders failing to register could face imprisonment ISLAMABAD: The government has announced a set of new revenue measures for the budget 2024-25, with a special focus ... Published 13 Jun, 2024 06:22am
Pakistan ‘Pakistan lags behind in socio-economic development sectors’ HYDERABAD: Speakers at a workshop have said that the country is not short of science and technological potential, ... Published 13 Jun, 2024 06:22am
Industry ‘BRI becomes world’s broadest-based, largest platform for international cooperation’ LAHORE: “Over the past nine years, the BRI has achieved tangible and fruitful progress, becoming the world’s... Published 13 Jun, 2024 06:22am
Taxes Return of income Tax: Prosecution for company failing to furnish info proposed ISLAMABAD: The government has proposed prosecution for any company including banks and association of persons (AOPs)... Published 13 Jun, 2024 06:22am
Industry SCCI urges govt to review budget proposals PESHAWAR: President, Sarhad Chamber of Commerce and Industry Fuad Ishaq said the government has attempted to present... Published 13 Jun, 2024 06:22am
Industry Budget has failed to live up to our expectations: PBC KARACHI: Pakistan Business Council (PBC) here Wednesday said that expecting a single year’s budget to cure all the... Published 13 Jun, 2024 06:22am
Business & Finance Scope of EFC curtailed ISLAMABAD: The government has curtailed the scope of the Export Facilitation Scheme (EFC) of exporters under the... Published 13 Jun, 2024 06:22am
Business & Economy A constrained budget under the long shadow of IMF stipulations ISLAMABAD: Prime Minister Shehbaz Sharif-led coalition government’s Finance Minister Muhammad Aurangzeb has unveiled... Published 13 Jun, 2024 03:32am
Business & Economy Regulatory Duty imposed/ raised on wide range of items ISLAMABAD: The government has imposed/raised regulatory duty on the import of a wide range of items to encourage... Published 13 Jun, 2024 03:32am
Business & Economy Property transactions: Progressive tax rates announced ISLAMABAD: The government has announced progressive tax rates on purchases and sales of properties, categorised into... Published 13 Jun, 2024 03:32am
Business & Economy Exemptions withdrawn: Rs1.8trn new taxation measures unveiled ISLAMABAD: The government has announced new taxation/enforcement measures of nearly Rs 1,800 billion through... Published 13 Jun, 2024 03:32am
Business & Economy Coal, gypsum and plastic waste: 80pc GST withholding rate on supplies proposed ISLAMABAD: The Finance Bill 2024 has proposed a sales tax withholding rate of 80 percent on supplies of coal,... Published 13 Jun, 2024 03:32am
Business & Economy A whopping 103.7pc raise in power subsidy ISLAMABAD: The federal government has increased subsidy for power sector by a whopping 103.7 percent – from the... Published 13 Jun, 2024 03:32am
Business & Economy Fiscal deficit target of 6.9pc of GDP set ISLAMABAD: The government has budgeted overall fiscal deficit at an unsustainable 6.9 percent of GDP for 2024-25... Published 13 Jun, 2024 03:32am
Business & Economy Rs9.775trn to be spent on debt servicing ISLAMABAD: The country will spend around Rs 9.775 trillion on debt servicing including interest payments and... Published 13 Jun, 2024 03:32am
Technology Budget 2024-25: IT sector unhappy with proposals Current budget does not show promise that has repeatedly been made by the government, say professionals Updated 13 Jun, 2024 02:11am
Technology Budget proposals 2024-25: telecom sector in a fix The latest budget proposals in Pakistan have raised concerns in the telecommunications sector. The government’s... Published 13 Jun, 2024 12:39am
Europe G7 leaders agree to unblock $50bn for Ukraine by end of 2024: France PARIS: Group of Seven leaders have agreed to provide Ukraine with $50 billion via the use of frozen Russian assets... Published 13 Jun, 2024 12:20am
USA Fed leaves rates unchanged, sees just one cut in 2024 despite inflation progress WASHINGTON: The Federal Reserve held interest rates steady on Wednesday and pushed out the start of rate cuts to... Published 13 Jun, 2024 12:08am
Markets We protected the salaried class, says finance minister Aurangzeb after budget speech Federal Minister for Finance and Revenue on Wednesday brushed off the impression that the government targeted the... Published 13 Jun, 2024 12:03am
