Companies Siemens to spin out motors and drives business as Innomotics BERLIN: Siemens AG said Wednesday that the spin-out of its motors and drives business would result in a wholly owned... Published 06 Mar, 2023 08:18am
Companies Nestle to close factory in Myanmar YANGON: Swiss food giant Nestle will halt all production in Myanmar, a spokesperson said Monday, the latest firm to... Published 06 Mar, 2023 08:16am
Pak-US CTD starts today ISLAMABAD: Pakistan and the United States will hold a Counter Terrorism Dialogue on 6-7 March 2023 in Islamabad. ... Published 06 Mar, 2023 08:14am
Middle East Dozens of Israeli reserve pilots ditch drill to protest judicial overhaul JERUSALEM: Dozens of Israeli air force reservists said on Sunday they would not turn up for a training day in ... Published 06 Mar, 2023 08:13am
Money & Banking Sri Lanka to relax currency band as it moves towards market-driven exchange rate COLOMBO: Sri Lanka will relax its currency band from next week, its central bank said on Friday, as part of efforts... Published 06 Mar, 2023 08:09am
Satellites could beam poorest nations out of digital desert DOHA: Only a third of people in the world’s poorest countries can connect to the internet, the UN telecoms agency... Published 06 Mar, 2023 08:05am
Europe Police, protesters clash at rail disaster rally in Athens ATHENS: Violent clashes broke out between police and protesters outside the Greek parliament in Athens on Sunday as... Published 06 Mar, 2023 08:02am
Azerbaijan-Armenia border clash kills three YEREVAN: An exchange of fire along the border between Armenia and Azerbaijan in the disputed Nagorno-Karabakh region... Published 06 Mar, 2023 07:59am
Middle East New cases of poisoning in different Iran regions TEHRAN: More cases of mysterious poisoning of Iranian schoolgirls were reported Sunday in several provinces, local... Published 06 Mar, 2023 07:52am
FD raises objections over 5Es Framework for enhancing exports ISLAMABAD: The Finance Division has raised objections over the 5Es Framework for enhancing exports, while saying ... Published 06 Mar, 2023 07:45am
UAE’s GDP grew 7.6pc in 2022, official says ABU DHABI: The United Arab Emirates’ economy expanded 7.6% last year, a senior official said on Thursday, about... Published 06 Mar, 2023 07:40am
Weak global demand, rate hikes may curtail India growth NEW DELHI: Weak global demand and monetary tightening by the Indian central bank could further drag down economic... Published 06 Mar, 2023 07:38am
Canada economy stalls in 2022 fourth quarter OTTAWA: Canada’s economy stalled at the end of 2022 with zero growth, the government statistical agency said... Published 06 Mar, 2023 07:36am
Turkiye says it is working to renew Black Sea grain deal ISTANBUL: Turkish Foreign Minister Mevlut Cavusoglu said on Sunday that Ankara is working hard to extend a UN-backed... Published 06 Mar, 2023 07:33am
Japan’s factory output posts biggest fall in 8 months TOKYO: Japan’s factory output shrank at the fastest pace in eight months in January as declining overseas demand... Published 06 Mar, 2023 07:31am
Industry To lessen pressures on rupee: PDP calls for trade in currencies other than dollar KARACHI: Chairman of the Pasban Democratic Party (PDP) Altaf Shakoor has said that to tackle the ongoing economic... Published 06 Mar, 2023 07:29am
Commodities Prices of kitchen items soar in Peshawar PESHAWAR: A considerable increase in prices of edible oil, ghee, pulses, chicken meat, black tea, spices and... Published 06 Mar, 2023 07:26am
NDM holds meeting to remember Latif Afridi KARACHI: Speakers at a condolence reference on Sunday said that the movement for human rights, democracy, and... Published 06 Mar, 2023 07:25am
Balochistan CM expresses satisfaction over successfully organising Sibi Mela QUETTA: Balochistan Chief Minister Mir Abdul Quddus Bizenjo expressed his delight and satisfaction on the successful... Published 06 Mar, 2023 07:23am
KP minister attends Tablighi Ijtimah PESHAWAR: Khyber Pakhtunkhwa Caretaker Minister for Labour, Excise and Taxation Haji Manzoor Khan Afridi along with... Published 06 Mar, 2023 07:21am
Money & Banking MMBL joins GSMA Connected Women Commitment Initiative ISLAMABAD: A global digital operator that provides converged connectivity and online services, Saturday announced... Published 06 Mar, 2023 07:20am
Sir Syed varsity organises job fair KARACHI: The Centre for Guidance in Career Planning and Placement of Sir Syed University of Engineering and... Published 06 Mar, 2023 07:20am
Dumper-truck kills three bikers KARACHI: Three youths were crushed to death by a dumper-truck in Landhi Murtaza Chowrangi area of Karachi late... Published 06 Mar, 2023 07:18am
Energy OGRA manipulating pricing of petroleum products: OMAP LAHORE: Oil Marketing Association of Pakistan on Sunday demanded that exchange rate adjustments should be passed on... Published 06 Mar, 2023 07:16am
Fazl says IK responsible for economic crisis ISLAMABAD: Pakistan Democratic Movement (PDM) President Maulana Fazal-ur-Rehman came hard on former Prime Minister... Published 06 Mar, 2023 07:09am
Pemra bans IK’s speeches, pressers ISLAMABAD: Pakistani media regulator, Pakistan Electronic Media Regulatory Authority (Pemra) has barred news ... Published 06 Mar, 2023 07:08am
Pope prays for halt to migrant ‘journeys of death’ VATICAN CITY: Pope Francis on Sunday called for an end to the deadly trafficking of migrants, a week after a boat... Published 06 Mar, 2023 07:04am
EU will tackle US green subsidies, overcome e-fuels impasse FRANKFURT, (Germany): EU Commission President Ursula von der Leyen said on Sunday she is determined to counter... Published 06 Mar, 2023 06:59am
UN states agree ‘historic’ deal to protect high seas UNITED NATIONS: UN member states finally agreed Saturday to a text on the first international treaty after years of... Published 06 Mar, 2023 06:56am
Letters ‘Moody’s: there’s method in its madness’ This is apropos a Business Recorder op-ed ‘Moody’s: there’s method in its madness’ carried by the newspaper... Published 06 Mar, 2023 06:51am
Texas: Wind and solar stake claim to land of oil Modern Texas was built on oil, and its production has long been a source of immense pride. But now, areas that moved... Published 06 Mar, 2023 06:48am
Monetary-fiscal history of Latin America: lessons for Pakistan Pakistan today suffers from significant macroeconomic instability, high inflation, a currency crisis and a risk of a... Published 06 Mar, 2023 06:43am
Inflation out of control Consumer price index (headline inflation) rose by 31.5 percent in February (up by 3.7 percentage points from... Published 06 Mar, 2023 06:36am
Kakar takes oath as governor of Balochistan QUETTA: Central leader of Balochistan National Party-Mengal (BNP-M) Malik Abdul Wali Kakar took oath as the 23rd... Published 06 Mar, 2023 06:22am
TDAP organises ‘Her Hunar’ exhibition ISLAMABAD: Trade Development Authority of Pakistan (TDAP) organized Her Hunar exhibition at Pak-China Friendship... Published 06 Mar, 2023 06:22am
Attack on schoolgirls in Iran EDITORIAL: Something deeply concerning has been happening in Iranian girls’ schools. Last Tuesday, at least 35... Published 06 Mar, 2023 06:22am
MPS: steep rate hike to tame inflation EDITORIAL: In spite of the Monetary Policy Committee’s (MPC’s) decision to raise the discount rate to 20 percent... Published 06 Mar, 2023 06:22am
Asia China increases military spending in face of ‘escalating’ threats BEIJING: China said Sunday its military spending would rise at the fastest pace in four years, warning of... Published 06 Mar, 2023 06:22am
Baseball rule changes divide opinion as season looms LOS ANGELES: After nearly 150 years of ploughing its own unapologetically somnolent furrow in an increasingly... Published 06 Mar, 2023 06:22am
Lethal Liverpool beat Manchester United by 7 goals in record win LIVERPOOL: Liverpool brought Manchester United’s bandwagon to a shuddering halt as Cody Gakpo, Darwin Nunez and... Published 06 Mar, 2023 06:22am
Monaco held by Troyes despite Ben Yedder double PARIS: Monaco captain Wissam Ben Yedder scored two late goals but Troyes snatched a stoppage-time equaliser in a 2-2... Published 06 Mar, 2023 06:22am
Women’s League: Ten foreign players to feature in T20 matches LAHORE: The three Women’s League exhibition matches are all set to take place at the Pindi Cricket Stadium on ... Published 06 Mar, 2023 06:22am
Scandal-hit French football chief Noel Le Graet quits PARIS: French Football Federation president Noel Le Graet resigned on Tuesday following accusations of sexual and... Published 06 Mar, 2023 06:22am
Kieron Pollard reprimanded for PSL code of conduct breach LAHORE: Multan Sultans all-rounder Kieron Pollard has been reprimanded for a level 1 breach of the HBL PSL Code of... Published 06 Mar, 2023 06:22am
Man Utd bidders cleared for next stage of takeover MANCHESTER: Bids from Qatar’s Sheikh Jassim Bin Hamad Al Thani and British billionaire Jim Ratcliffe to buy... Published 06 Mar, 2023 06:22am
Mbappe breaks PSG goal record in win over Nantes PARIS: Kylian Mbappe became Paris Saint-Germain’s all-time top scorer with his 201st goal for the club in their ... Published 06 Mar, 2023 06:22am
Karachi Games 2023: Governor visits Mansoora ground in Gulberg KARACHI: Sindh Governor Kamran Khan Tessori has said that the Karachi Games 2023 have brought excitement to the ... Published 06 Mar, 2023 06:22am
Pakistan cricket has its own identity, says Andy Flower LAHORE: Pakistan cricket has its own identity, particularly around fast bowling and wrist spin, which makes it a... Published 06 Mar, 2023 06:22am
PSL 8: Islamabad United defeat Quetta Gladiators LAHORE: Colin Munro’s 63 runs and Faheem Ashraf unbeaten 39 runs stormed Islamabad United to a thrilling ... Published 06 Mar, 2023 06:22am
KMU conducts test for admissions to allied health sciences PESHAWAR: The Khyber Medical University (KMU) Peshawar conducted special centralized tests here for admissions in... Published 06 Mar, 2023 06:22am
USAID hands over ‘Enterprise Resource Planning’ to KPRA PESHAWAR: USAID funded Khyber Pakhtunkhwa Revenue Mobilization (KPRM) activity handed over Enterprise Resource... Published 06 Mar, 2023 06:22am
2022 Floods have caused Rs421bn agri losses in Sindh, Bilawal told KARACHI: Chairman Pakistan Peoples Party (PPP) & Foreign Minister Bilawal Bhutto Zardari inaugurated ‘Seed... Published 06 Mar, 2023 06:22am
The Weather KARACHI: The weather report on Sunday (March 05, 2023) and the forecast for Monday (March 06, 2023).... Published 06 Mar, 2023 06:22am
PPP, JI won equal number of seats in Karachi LG polls: ECP KARACHI: The Election Commission of Pakistan (ECP) Sunday officially released the results of the local government... Updated 06 Mar, 2023 07:11am
Imran calls for public hearing in Toshakhana case LAHORE: Making it clear that neither he had compromised on his principles in the past, nor would do so in the ... Published 06 Mar, 2023 06:22am
83 Afghan prisoners handed over to Crime Branch KARACHI: As many as 83 Afghan prisoners were freed from Karachi’s Malir Jail and handed over to the Special Branch... Published 06 Mar, 2023 06:22am
Peaceful world: Allama Iqbal provided intellectual foundation: Prof Sachs ISLAMABAD: Poet-philosopher Allama Muhammad Iqbal provided the intellectual foundation for building a peaceful world... Published 06 Mar, 2023 06:22am
Govt only following court directives, says PM’s aide KARACHI: Special Assistant to the Prime Minister on Interior and Legal Affairs with the status of Federal Minister... Published 06 Mar, 2023 06:22am
PTI warns of countrywide protests if Imran arrested LAHORE: Pakistan Tehreek-e-Insaf (PTI) on Sunday warned that it will hold countrywide protests in case their party... Published 06 Mar, 2023 06:22am
AJK govt committed to promoting agri sector, says PM MIRPUR [AJK]: Prime Minister of Azad Jammu and Kashmir Sardar Tanveer Ilyas Khan said on Sunday that the present... Published 06 Mar, 2023 06:22am
JI to start election campaign on 14th from Islamabad LAHORE: Chief of Jamaat-e-Islami (JI) Sirajul Haq has announced to kick off the JI election campaign on March 14 ... Published 06 Mar, 2023 06:22am
‘World Obesity Day’: Professionals call for promoting healthy lifestyle LAHORE: Health professionals have called for raising awareness about healthy lifestyle and said that obesity can... Published 06 Mar, 2023 06:22am
Marriyum flays IK over acquittals ISLAMABAD: Federal Information Minister Marriyum Aurangzeb Sunday bashed Imran Khan over him being acquitted after... Published 06 Mar, 2023 06:22am
Zardari says will never hold talks with Imran KARACHI: Former President of Pakistan Asif Ali Zardari has said that he does consider Imran Khan as a politician. In... Published 06 Mar, 2023 06:22am
CM reviews spring festival arrangements LAHORE: On the direction of Caretaker Chief Minister Punjab Mohsin Naqvi Spring Festival will be fully sponsored... Published 06 Mar, 2023 06:22am
Modi govt snatching ancestral lands from Kashmiris: Mushaal ISLAMABAD: Chairperson of Peace and Culture Organization Mushaal Hussein Mullick on Sunday has said that the fascist... Published 06 Mar, 2023 06:22am
Need stressed for joint efforts to promote certified seeds HYDERABAD: The experts emphasized a joint MoU among agricultural institutions, and the local and Chinese private... Published 06 Mar, 2023 06:22am
US envoy visits KP to improve relations PESHAWAR: US Ambassador Donald Blome visited Khyber Pakhtunkhwa (KP) to deepen the United States’ partnership with... Published 06 Mar, 2023 06:22am
Increase in BISP stipend from March, says PM’s aide ISLAMABAD: Faisal Karim Kundi, Special Assistant to the Prime Minister on Poverty Alleviation has stated that the... Published 06 Mar, 2023 06:22am
Stocks Wall Street rallies, on course for weekly gains NEW YORK: Wall Street advanced on Friday near the close of an up-and-down week, as US Treasury yields eased and... Published 06 Mar, 2023 06:22am
Stocks Wall Street Week Ahead: ‘Defensives’ may not be safe place to hide as stock market stumbles NEW YORK: Investors searching for safer areas in the US stock market are finding that traditional shelters that held... Published 06 Mar, 2023 06:22am
Stocks HK stocks climb, Shanghai closes at its highest level this year HONG KONG: China and Hong Kong shares rose on Friday, led by semiconductors and tech stocks, as a private sector... Published 06 Mar, 2023 06:22am
Rates Automart: car prices in Karachi KARACHI: The prices of different makes and models of cars prevailing in Karachi in the week ended Sunday (March 05,... Published 06 Mar, 2023 06:22am
Rates Your rupee last week KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (February 27 to... Published 06 Mar, 2023 06:22am
Poor nations’ leaders unleash anger, despair Make pointed calls for developed powers to come good with billions of dollars of promised aid to help them escape poverty and battle climate change Updated 06 Mar, 2023 08:41am
CPEC power projects: China concerned over payment issues Chinese government through Pakistan’s embassy in Beijing and its own embassy in Islamabad has raised this issue at all forums Updated 06 Mar, 2023 11:39am
Economic and investment sectors: PM, Qatari ruler discuss furthering cooperation DOHA: Prime Minister Muhammad Shehbaz Sharif and Amir of Qatar Sheikh Tamim bin Hamad Al Thani on Sunday discussed a... Updated 06 Mar, 2023 08:44am
QIA CEO discusses investment proposals with PM ISLAMABAD: The CEO of Qatar Investment Authority (QIA), Mansoor Ebrahim Al-Mahmoud, called on Prime Minister Shehbaz... Updated 06 Mar, 2023 08:45am
Rates PSX remains under severe pressure KARACHI: Pakistan Stock Exchange remained under severe pressure on first three sessions of the outgoing week due to... Published 06 Mar, 2023 06:22am
Rates Futures spread up 355bps KARACHI: The futures spread increased by 355bps to 10.38 percent on the last day of the outgoing week. Trading... Published 06 Mar, 2023 06:22am
ECC likely to approve SG for population and housing census ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet which is scheduled to meet on Monday (today) is... Updated 06 Mar, 2023 08:45am
Police serve arrest warrants to Imran LAHORE: Police on Sunday served arrest warrants to former prime minister Imran Khan to ensure his appearance in... Updated 06 Mar, 2023 08:46am
Army decides to solarise its cantonments ISLAMABAD: As the government has shifted its focus from imported fuel power projects to indigenous resources,... Updated 06 Mar, 2023 08:46am
TIFA moot agrees to ensure progress on all issues: govt ISLAMABAD: Commerce Minister Syed Naveed Qamar said that the meeting of the Pakistan-US Trade and Investment... Updated 06 Mar, 2023 08:42am
CWDP approves Rs11bn healthcare projects ISLAMABAD: The Central Development Working Party (CWDP) has approved three health projects worth Rs 11.25 billion –... Updated 06 Mar, 2023 08:44am
‘Anomaly’ in FBR’s IRIS system perturbs taxpayers ISLAMABAD: There is some legal/ technical anomaly in the Federal Board of Revenue’s (FBR) “IRIS” system where... Updated 06 Mar, 2023 08:43am
Digital census, assistance to flood victims: Bilawal hints at quitting ministry KARACHI: Foreign Minister and Pakistan People’s Party (PPP) Chairman Bilawal Bhutto Zardari has hinted at ... Updated 06 Mar, 2023 08:42am
Muhammed Qavi Khan passes away KARACHI: Senior actor Muhammed Qavi Khan passed away in Canada on Sunday at the age of 80, private news channel... Published 06 Mar, 2023 06:22am
Rates PKR: woeful fall KARACHI: The rupee depreciated6.63% against the US dollar during the previous week, settling at 278.46 in the... Published 06 Mar, 2023 06:22am
Economy has nosedived due to poor policies, mismanagement: BMP LAHORE: The Federation of Pakistan Chambers of Commerce & Industry’s Businessmen Panel (BMP) on Sunday said... Published 06 Mar, 2023 06:22am
Cotton & Textile Weekly Cotton Review: Prices remain stable amid depreciating rupee KARACHI: An alarming drop of 2.5 million bales (34.39%) is expected in local production of cotton. However, the ... Published 06 Mar, 2023 06:22am
Money & Banking Dollar headed for biggest weekly loss since mid-January NEW YORK: The US dollar fell from a 2-1/2-month high against the yen on Friday and was on track for its largest... Published 06 Mar, 2023 06:22am
Commodities Copper heads for weekly gain as China optimism builds LONDON: Copper prices on Friday headed for their biggest weekly gain since early January as strong economic data in... Published 06 Mar, 2023 06:22am
Energy Oil rises by $1/bbl after denial of reported UAE plan to exit OPEC BENGALURU: Oil prices rose by more than $1 a barrel on Friday, recovering from an early slump after Reuters reported... Published 06 Mar, 2023 06:22am
Commodities Gold set for weekly rise on dollar weakness NEW YORK: Gold prices climbed to a two-week high on Friday and were heading for their first weekly rise in five as a... Published 06 Mar, 2023 06:22am
Commodities Palm oil logs fourth weekly rise on flooding woes KUALA LUMPUR: Malaysian palm oil futures rose on Friday to clock a fourth straight weekly rise, lifted by a survey... Published 06 Mar, 2023 06:22am
Companies Belgium to sell part of BNP Paribas stake for more than $2bn PARIS: Belgium is preparing the sale of a third of its 7.8% equity stake in BNP Paribas, the euro-zone’s biggest... Published 06 Mar, 2023 06:22am
Companies HSBC shareholders demand AGM vote on Asia business spin-off HONG KONG /LONDON: HSBC’s most vocal minority investors are demanding a vote at the global lender’s 2023... Published 06 Mar, 2023 06:22am
Companies Axis Bank completes deal to buy Citi’s India consumer business MUMBAI: Indian private lender Axis Bank Ltd said on Wednesday it completed a deal to buy Citigroup Inc’s local... Published 06 Mar, 2023 06:22am
Companies Higher prices for herbicides boost Bayer profits in 2022 FRANKFURT: German chemicals giant Bayer said Tuesday it quadrupled its net profit in 2022, in part thanks to higher... Published 06 Mar, 2023 06:22am