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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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 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
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
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
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
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
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
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
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
‘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
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
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
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
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
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
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
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
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
PCMEA urges SBP to resolve exporters’ issues proactively LAHORE: The Pakistan Carpet Manufacturers and Exporters Association (PCMEA) has urged the State Bank of Pakistan to... Published 06 Mar, 2023 06:22am
Industry ICCI chief underscores need for promoting G-B dry fruit exports ISLAMABAD: President, Islamabad Chamber of Commerce and Industry (ICCI), Ahsan Zafar Bakhtawari, said that... 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
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 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 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
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
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
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 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
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
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
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
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
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
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
‘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
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
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
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
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
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
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
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
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
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