Energy Thai, Malaysian firms pull out of Myanmar gasfield project BANGKOK: Thailand’s oil and gas conglomerate PTTEP and Malaysia’s Petronas announced Friday they would withdraw... Published 30 Apr, 2022 07:23am
South Asia Deadlock in talks to run Afghan airports DOHA: Negotiations between the Taliban and a Qatar-Turkey consortium for operating Afghanistan’s five airports,... Published 30 Apr, 2022 07:23am
South Asia India seizes documents, data from Amazon, Flipkart sellers in raids NEW DELHI: Indian investigators seized data and documents from top sellers on Amazon.com Inc’s and Flipkart’s... Published 30 Apr, 2022 07:23am
Europe Russia kills Radio Liberty journalist in missile attack on Kyiv KYIV: Russia killed a journalist from the US-backed broadcaster Radio Liberty in a missile attack on Kyiv during a... Published 30 Apr, 2022 07:17am
Middle East UAE to send astronaut on six-month ISS mission DUBAI: The United Arab Emirates announced Friday it will send an astronaut on a six-month mission to space, as it... Published 30 Apr, 2022 07:17am
Companies Shell buys Indian renewables firm Sprng Energy for $1.55bn LONDON: Shell on Friday agreed to acquire India-based renewable power platform Sprng Energy for $1.55 billion,... Published 30 Apr, 2022 07:17am
Energy Libya losing $60m a day in oil shutdown TRIPOLi: Libya is losing tens of millions of dollars a day from the shutdown of its oil facilities, while global... Published 30 Apr, 2022 07:17am
Industry US consumer spending accelerates; wage inflation rising WASHINGTON: US consumer spending rose more than expected in March amid strong demand for services, while monthly... Published 30 Apr, 2022 07:09am
Europe UK pharma company fined for contaminated baby feed LONDON: A British pharmaceutical company was fined over £1 million on Friday for supplying contaminated feed for... Published 30 Apr, 2022 07:09am
Everyone is equal before the law: Punjab governor LAHORE: Punjab Governor Omer Sarfraz Cheema in a statement issued here on Friday said that the Constitution and the... Published 30 Apr, 2022 07:09am
Duration of load-shedding soars to 12 hours a day LAHORE: The duration of load-shedding during the last week of the holy month of Ramazan has reached 12 hours a day ... Published 30 Apr, 2022 07:09am
Floods: localities around motorways declared ‘highly risky’ LAHORE: The localities situated around motorways are declared as highly risky areas in case of floods as the... Published 30 Apr, 2022 07:09am
‘Systematic’ campaign against judiciary appears to be based on imaginary narrative: IHC ISLAMABAD: The Islamabad High Court (IHC) Friday observed that the systematic campaign against the Supreme Court as... Published 30 Apr, 2022 07:09am
Industry E-commerce market projected to generate $7.7bn revenue in 2022 LAHORE: Pakistan’s e-commerce market is projected to generate US$7.666 billion revenue in 2022. As per the data... Published 30 Apr, 2022 07:09am
POF establishes ‘zero waste management facility’ WAH CANTT: Pakistan Ordnance Factories has established Pakistan’s first zero waste recycling facility at Wah ... Published 30 Apr, 2022 07:09am
Gunmen steal hundreds of holiday outfits from tailor ISLAMABAD: Gunmen have robbed a Pakistani tailor of more than 200 outfits made for customers ahead of the ... Published 30 Apr, 2022 07:09am
Money & Banking State Life’s young chairman takes corporation to new heights KARACHI: The State Life Insurance Corporation of Pakistan (SLIC) is the largest insurance company in the country,... Published 30 Apr, 2022 07:09am
Turkish president meets Saudi leaders in first visit since Khashoggi killing RIYADH: Turkish President Recep Tayyip Erdogan has met with Saudi Arabia’s crown prince to “develop” relations... Published 30 Apr, 2022 06:57am
KU blast: UNSC calls for bringing responsible to justice UNITED NATIONS: The UN Security Council has strongly condemned “heinous and cowardly” terrorist attack in the... Published 30 Apr, 2022 05:53am
Russia: Pakistan wishes to maintain positive momentum: Bilawal ISLAMABAD: Foreign Minister Bilawal Bhutto Zardari Friday said Pakistan wished to maintain the positive momentum in... Published 30 Apr, 2022 05:53am
South Asia Blast kills more than 50 worshippers at Kabul mosque KABUL: A powerful explosion killed more than 50 worshippers after Friday prayers at a Kabul mosque, its leader said,... Published 30 Apr, 2022 05:53am
KU blast: Imran visits Chinese embassy ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan visited the Chinese embassy to meet the Charge d... Published 30 Apr, 2022 05:53am
Europe ‘Porn in parliament’ allegation: British Conservative MP suspended LONDON: Britain’s ruling Conservative party on Friday suspended one of its MPs pending an investigation into ... Published 30 Apr, 2022 05:53am
Al-Quds situation warrants global community’s attention: NA Speaker ISLAMABAD: Expressing his concern over the recent surge in atrocities by Israeli forces on Palestinians, National... Published 30 Apr, 2022 05:53am
Pakistan condemns Israeli forces’ raid on al-Aqsa mosque ISLAMABAD: Pakistan on Friday strongly condemned the Israeli forces raid on Al-Aqsa Mosque on Juma-tul-Wida in the... Published 30 Apr, 2022 05:53am
Party tickets: Applications can now be submitted by May 15: PPP ISLAMABAD: Pakistan People’s Party (PPP) Friday extended up to May 15, the last date for applications for party... Published 30 Apr, 2022 05:53am
PML-N slams ‘attack’ on ministers at Masjid-e-Nabvi LAHORE: Pakistan Muslim League-Nawaz (PML-N) has slammed the elements involved in shameful attack on the ministers ... Published 30 Apr, 2022 05:53am
USC to open stores till chand raat ISLAMABAD: The federal government has announced holidays for Eid-ul-Fitr but the management of Utility Stores... Published 30 Apr, 2022 05:53am
Existing riba-based laws are against Shariah: Ateeq KARACHI: Federal Shariat Court declared “Interest Based Financial System in the country as against Shariah”,... Published 30 Apr, 2022 05:53am
Polo Ground to host city’s largest gathering of Eid prayers KARACHI: The City’s largest gathering of Eidul Fitr prayers will be held at Gulshan-e-Jinnah (Polo Ground) under... Published 30 Apr, 2022 05:53am
PARTLY FACETIOUS: My mother has always enjoyed gardening “Did anyone, and I mean anyone, come out smelling of roses?” “Roses is evocative of a country where nature is... Published 30 Apr, 2022 05:53am
Industry Syngenta, Mehran Sugar Mills join hands to boost farming sector KARACHI: Syngenta, the leading global provider of agricultural science and technology, and Mehran Sugar Mills ... Published 30 Apr, 2022 05:53am
From June 21-24: ‘Heimtextil’ to be held as one-time ‘summer special’ KARACHI: The leading textile exhibition Heimtextil 2022 will be held as a one-time summer special from June 21 to 24... Published 30 Apr, 2022 05:53am
Met Office forecasts rain, windstorm across country during Eid holidays KARACHI: Most parts of the country are expected to receive rain with windstorm during Eidul Fitr holidays, as heat... Published 30 Apr, 2022 05:53am
They elect to play the blame game It has become a practice for every incoming government to start its tenure by harping the narrative that “All bad... Published 30 Apr, 2022 05:53am
Indigenous coal crucial to country’s energy security Pakistan must pursue its indigenous coal objective for its long-term strategic energy security. The utilisation of... Published 30 Apr, 2022 05:53am
Banks lag bond yield surge as recession worries trump cheap valuations Expectations of rising interest rates have failed to lift valuations of European bank shares languishing at near... Published 30 Apr, 2022 05:53am
Middle East Iranians hold annual pro-Palestinian rallies nationwide TEHRAN: Thousands of Iranians took to the streets Friday to join annual pro-Palestinian rallies, as... Published 30 Apr, 2022 05:53am
THE Impact Rankings 2022: NUST among top 200 world universities ISLAMABAD: Guided by its vision aligned with the Sustainable Development Goals (SDGs), the National University of... Published 30 Apr, 2022 05:53am
Fresh election demand: PTI decides to organise ‘million march’ after Eid ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) meeting of the senior party leaders, chaired by its chairman Imran Khan,... Published 30 Apr, 2022 05:53am
PPP condemns incident at Masjid-e-Nabvi ISLAMABAD: Pakistan People’s Party (PPP) strongly condemned the incident that took place in Masjid-e-Nabavi in... Published 30 Apr, 2022 05:53am
PM offers Jumma-tul-Wida prayers at Masjid-e-Nabavi (PBUH) MADINA: Prime Minister Shehbaz Sharif offered the prayers of Jumma-tul-Wida, the last Friday of Ramazan, at the... Published 30 Apr, 2022 05:53am
Jummatul-Wida observed across KP with religious fervour PESHAWAR: Likewise, others parts of the country, Jumatul Wida – the last Friday of the holy month of the Ramazan... Published 30 Apr, 2022 05:53am
Attack on Suri: FIR lodged ISLAMABAD: The city police on Friday registered a case against the unidentified persons who have attacked the former... Published 30 Apr, 2022 05:53am
Senate panel concerned at increase in toll rates ISLAMABAD: The Senate Standing Committee on Communications on Friday expressing concerns over rise in toll rates... Published 30 Apr, 2022 05:53am
Railways to outsource 24 more trains soon LAHORE: The Pakistan Railways is going to outsource 24 more trains in near future to make the institution profitable... Published 30 Apr, 2022 05:53am
Marcus Harris dropped from Australia Test squad for Sri Lanka SYDNEY: Australia dropped Ashes opener Marcus Harris on Friday from an otherwise settled squad for the two-Test tour... Published 30 Apr, 2022 05:53am
Stokes can lead revival of ‘talented’ England, says cricket chief LONDON: England cricket chief Rob Key said a “talented” Test side can become a force again under new captain Ben... Published 30 Apr, 2022 05:53am
Rangnick to discuss Ronaldo’s Man United future with Ten Hag LONDON: Manchester United interim boss Ralf Rangnick said he will discuss Cristiano Ronaldo’s future with new... Published 30 Apr, 2022 05:53am
Boris Becker jailed in Britain over bankruptcy LONDON: Former tennis star Boris Becker was on Friday jailed for two and a half years after being found guilty by a... Published 30 Apr, 2022 05:53am
Boehly in exclusive negotiations to buy Chelsea for $3bn MANCHESTER: The consortium led by LA Dodgers part-owner Todd Boehly is in exclusive negotations to buy Premier ... Published 30 Apr, 2022 05:53am
Hussain warns Stokes against ‘captaining by committee’ LONDON: England’s new test skipper Ben Stokes must learn to trust his own decisions rather than “captain by... Published 30 Apr, 2022 05:53am
Kuldeep regains mojo at Delhi in World Cup year MUMBAI: Delhi Capitals spinner Kuldeep Yadav believes he is in the middle of his best Indian Premier League (IPL)... Published 30 Apr, 2022 05:53am
Inter Miami boost as stadium project given go-ahead MIAMI: David Beckham’s dream of building a new $1 billion home for his Inter Miami Major League Soccer franchise... Published 30 Apr, 2022 05:53am
The Weather KARACHI: The weather report on Friday (April 29, 2022) and the forecast for Saturday (April 30, 2022)... Published 30 Apr, 2022 05:53am
Letters ‘The phenomenon of cryptoassets’ This is apropos a Business Recorder op-ed “The phenomenon of cryptoassets” carried by the newspaper the other... Published 30 Apr, 2022 05:53am
Stocks Wall St slides as Amazon, Apple results weigh NEW YORK: US stocks fell on Friday as disappointing forecasts from Amazon and Apple pushed the Nasdaq toward sharp... Published 30 Apr, 2022 05:53am
Stocks Miners, earnings lift European stocks LONDON: European shares on Friday rose to their highest in a week as strong earnings reports and a rally in miners... Published 30 Apr, 2022 05:53am
Stocks Chinese stocks jump SHANGHAI: Hong Kong stocks jumped the most in six weeks, and Chinese shares rose on Friday after authorities vowed ... Published 30 Apr, 2022 05:53am
Stocks Sterling set for biggest monthly drop LONDON: Sterling rose against the dollar on Friday but was still set for its sharpest monthly drop since October... Published 30 Apr, 2022 05:53am
Stocks FTSE 100 up 0.5pc LONDON: London’s FTSE 100 rose on Friday, driven by miners and strong quarterly earnings, with investors now... Published 30 Apr, 2022 05:53am
Stocks Abu Dhabi bourse dips, Dubai flat DUBAI: Abu Dhabi’s shares closed lower on Friday in thin trade ahead of Eid al-Fitr holidays, while the Dubai... Published 30 Apr, 2022 05:53am
Energy After near miss last winter, energy supplies need more attention LONDON: Near misses can make systems safer and more reliable if they reveal previously hidden weaknesses and... Published 30 Apr, 2022 05:53am
Commodities Copper climbs on China support but Covid clouds demand outlook LONDON: Copper prices rebounded on Friday after top metals consumer China pledged more support for its ailing ... Published 30 Apr, 2022 05:53am
Energy Oil up for fourth day; supply fears outweigh China lockdowns NEW YORK: Oil prices rose for a fourth day on Friday as fears over Russian supply disruption outweighed the impact ... Published 30 Apr, 2022 05:53am
Commodities Palm logs record closing KUALA LUMPUR: Malaysia palm futures notched a closing record high on Friday, after marking their biggest monthly ... Published 30 Apr, 2022 05:53am
Grains Paris wheat falls after rally PARIS: Euronext wheat fell on Friday as a bounce in the euro and weakness in US futures encouraged some selling ... Published 30 Apr, 2022 05:53am
Commodities Raw sugar futures rise as oil gains; Brazil output data disappoints LONDON: Raw sugar futures on ICE rose on Friday as oil prices gained and traders digested data showing... Published 30 Apr, 2022 05:53am
Commodities Gold in Asia MUMBAI: Physical gold dealers in India reduced discounts as demand picked up ahead of an expected increase in sales... Published 30 Apr, 2022 05:53am
Commodities Gold jumps on dollar pullback LONDON: Gold prices jumped more than a 1% on Friday, boosted by a pullback in the dollar, although bullion was ... Published 30 Apr, 2022 05:53am
Commodities Corn, wheat firm on crop risks PARIS/SINGAPORE: Chicago corn inched up on Friday to hold near a decade high, while wheat regained ground as adverse... Published 30 Apr, 2022 05:53am
Commodities US MIDDAY: Gold gains over 1pc NEW YORK: Gold prices rallied 1% on Friday on the back of a retreat in the dollar, but the metal was set to end the... Published 30 Apr, 2022 05:53am
Energy Gasoil, jet fuel cracks hit fresh record highs SINGAPORE: Asian refining profits for 10 ppm gasoil climbed for a fourth consecutive session on Thursday, soaring to... Published 30 Apr, 2022 05:53am
Grains Egypt’s state grains buyer seeks vegetable oils CAIRO: Egypt’s state grains buyer said on Sunday it was seeking vegetable oils for arrival June 10-30 and/or July... Published 30 Apr, 2022 05:53am
Energy Asia Distillates: Jet fuel cracks soar SINGAPORE: Asian refining profit margins for jet fuel rose for a third straight session on Wednesday, soaring to... Published 30 Apr, 2022 05:53am
Commodities Dalian coking coal futures slip BEIJING: Chinese coking coal futures fell for a second straight session on Friday, and were on course to log a ... Published 30 Apr, 2022 05:53am
Grains India’s wheat export boom brings a bonanza to farmers INDORE/SARANGPUR, (India): For the first season in over a decade, Indian farmer Rajensingh Pawar is selling his new... Published 30 Apr, 2022 05:53am
Commodities PMEX daily trading report KARACHI: On Thursday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 17.062... Published 30 Apr, 2022 05:53am
Energy US natgas futures slide ahead of storage report as output rises NEW YORK: US natural gas futures slid about 3% on Thursday on rising output as warmer weather in North Dakota ... Published 30 Apr, 2022 05:53am
Rates Activities of Karachi Port and Port Qasim KARACHI: The Karachi Port Trust handled 203,582 tonnes of cargo comprising 146,323 tonnes of import cargo and 52,259... Published 30 Apr, 2022 05:53am
Grains Turkey starts buying wheat in tender HAMBURG: Turkey’s state grain board TMO has started making provisional purchases of wheat in a tender which closed... Published 30 Apr, 2022 05:53am
Cotton & Textile Cotton Spot Rates KARACHI: Official KCA spot rates for local dealings in Pakistan rupees on Friday (April 29, 2022).... Published 30 Apr, 2022 05:53am
Cotton & Textile Official spot rate unchanged amid listless business activity LAHORE: The local cotton market on Friday remained stable and trading volume remained low. Cotton Analyst Naseem... Published 30 Apr, 2022 05:53am
Rates LME official prices LONDON: The following were Thursday official prices. ========================================= ALUMINIUM... Published 30 Apr, 2022 05:53am
Grains Lahore Grain Market Rates LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Friday (April 29, 2022)... Published 30 Apr, 2022 05:53am
Paper Lahore Paper Market Rates LAHORE: Paper market rates in rupees on Friday (April 29, 2022). ======================================= Offset... Published 30 Apr, 2022 05:53am
Rates Shipping Intelligence KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (April 29, 2022).... Published 30 Apr, 2022 05:53am
Forex Dollar's rate in interbank market KARACHI: Interbank closing rates for dollar on Friday (April 29, 2022). ======================== Open Bid Rs... Published 30 Apr, 2022 05:53am
Forex Kerb buying and selling rate of US dollar KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (April 29, 2022).... Published 30 Apr, 2022 05:53am
Rates Kibor interbank offered rates KARACHI: Kibor interbank offered rates on Friday (April 29, 2022). ========================== KIBOR... Published 30 Apr, 2022 05:53am
Rates LIBOR interbank offered rates LONDON: London Interbank Offered Rates (LIBOR) on Friday (April 29, 2022).... Published 30 Apr, 2022 05:53am
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 30 Apr, 2022 05:53am
Forex Open market rates of foreign currencies KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Friday (April 29,... Published 30 Apr, 2022 05:53am
Load-shedding challenge: Rs329bn is needed: Power Division Power Division seeks Rs 108 billion by May 25, 2022 Updated 30 Apr, 2022 10:27am
PLL seeks Rs150bn for spot cargoes ISLAMABAD: Pakistan LNG Limited (PLL) has sought over Rs 150 billion from government to ensure procurement of LNG... Updated 30 Apr, 2022 10:51am
Reduction in power outage in next 10 days: govt ISLAMABAD: Minister for Power Engineer Khurram Dastagir on Friday expressed the confidence that there would be... Updated 30 Apr, 2022 10:32am
Govt buys spot LNG cargo for mid-May from Vitol ISLAMABAD: Pakistan LNG Limited (PLL) on Friday purchased a spot liquefied natural gas cargo for May 17-18 delivery... Updated 30 Apr, 2022 10:39am
Fuel stock, load management: CPPA-G, NTDC asked to share data ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has directed Central Power Purchasing Agency... Updated 30 Apr, 2022 10:53am
Masjid-e-Nabvi incident: Saudi embassy confirms arrests ISLAMABAD: The Saudi Embassy on Friday issued a statement over the chanting of slogans at Prime Minister Shehbaz... Updated 30 Apr, 2022 10:54am
Rana vows action against hecklers ISLAMABAD: Interior Minister Rana Sanaullah Khan on Friday said that the government will request the Saudi Arabia... Updated 30 Apr, 2022 10:41am
KSE-100 closes above 97,000 for the first time as investors dismiss political noise, index gains 1,782 points