Iran backs Palestinian self-defence, warns Israel TEHRAN: President Ebrahim Raisi said on Sunday that Iran supports the Palestinians’ right to self-defence and... Published 09 Oct, 2023 06:24am
Middle East Attack on Israel likely to boost appeal of gold, safe haven assets NEW YORK: The violence in Israel will likely prompt a move into safe haven assets as investors closely watch events... Published 09 Oct, 2023 06:24am
Europe German government to review aid for Palestinians BERLIN: The German government said on Sunday it was reviewing its hundreds of millions of euros of aid for... Published 09 Oct, 2023 06:24am
South Asia Indian flood toll up to 77 as waters recede GUWAHATI, (India): At least 77 people are confirmed dead in the floods that hit India’s northeast, authorities ... Published 09 Oct, 2023 06:24am
Europe Sensing power, UK poll favourites Labour holds annual conference LONDON: The leader of Britain’s Labour main opposition on Sunday warned the party not to become “giddy” as it... Published 09 Oct, 2023 06:24am
Israel war adds urgency to US Republican House speaker crisis WASHINGTON: Republicans in the US House of Representatives face new pressure to select a speaker after Israel... Published 09 Oct, 2023 06:24am
The Weather KARACHI: The weather report on Sunday (October 08, 2023) and the forecast for Monday (October 09, 2023).... Published 09 Oct, 2023 06:24am
Rates Futures spread up 340bps KARACHI: The futures spread increased by 340 bps to 13.77 percent on the last day of the outgoing week. Trading... Published 09 Oct, 2023 06:24am
Rates Another week of positivity KARACHI: The rupee saw another week of positivity, gaining 1.8% during the five sessions to close at 282.69 against... Published 09 Oct, 2023 06:24am
CFA Society successfully hosts 20th Annual Excellence Awards KARACHI: CFA Society Pakistan successfully hosted it’s 20th Annual Excellence Awards this year at a local hotel with... Published 09 Oct, 2023 06:24am
Giving election date not prerogative of caretaker govt: Solangi ISLAMABAD: Caretaker Minister for Information and Broadcasting Murtaza Solangi says the elections will be held on ... Published 09 Oct, 2023 06:24am
Country offers vast trout fish aquaculture business opportunities: expert PESHAWAR: Renowned expert on trout fish aquaculture, Omar Hayat has said that Pakistan offers vast trout fish... Published 09 Oct, 2023 06:24am
BR sub-editor’s mother passes away KARACHI: Asma Aley Ahmed, the mother of Business Recorder sub-editor Abida Rafi passed away here on Sunday. She was... Published 09 Oct, 2023 06:24am
Ombudsman provides relief to 17 plaintiffs LAHORE: Acting on the directives of Ombudsman Punjab Major Azam Suleman Khan (retd), the Punjab Government Servants... Published 09 Oct, 2023 06:24am
President urges world to play active role for global peace ISLAMABAD: President Dr Arif Alvi on Sunday called upon the international community to play its active role for... Published 09 Oct, 2023 06:24am
Betel nuts worth Rs30m seized KHUZDAR: Collectorate of Customs Balochistan claimed to have seized 6,000 kilograms of betel nuts worth Rs 30 ... Published 09 Oct, 2023 06:24am
Punjab districts: polio teams exceed targets LAHORE: Polio teams scrambled house to house to vaccinate every unavailable child on the last day of the second... Published 09 Oct, 2023 06:24am
Rs2.4bn irregularities in health dept unearthed QUETTA: Rs2.4 billion worth of irregularities and funds embezzlement have been unveiled in the Balochistan Health... Published 09 Oct, 2023 06:24am
Palestinian, Kashmiri people deserve freedom: PDP KARACHI: Pasban Democratic Party (PDP) Chairman Altaf Shakoor asked the world community to send medical teams and... Published 09 Oct, 2023 06:24am
JI holds sit-in at Governor’s House KARACHI: Karachi on Sunday witnessed a significant demonstration as the Jamaat-e-Islami (JI) held a sit-in before ... Published 09 Oct, 2023 06:24am
PML-N will form next govt in Sindh, claims Zubair MATIARI: Former Sindh governor Muhammad Zubair Umar said on Sunday that Pakistan Muslim League-Nawaz (PML-N) will... Published 09 Oct, 2023 06:24am
‘Tradition of self accountability disappearing’ HYDERABAD: Chief Patron of Anjuman Ghulaman-e-Qalandar Welfare Sindh and well-known writer Syed Ghulam Hyder Shah... Published 09 Oct, 2023 06:24am
‘Theatre festival is a testament to transformative power of art’: CM KARACHI: Caretaker Sindh Chief Minister Former Justice Maqbool Baqar has said that the Arts Council’s commitment ... Published 09 Oct, 2023 06:24am
Poverty on the rise Poverty levels have risen from 34.2 percent in 2022 to 39.4 percent in 2023, pushing 12.5 million people below the... Updated 09 Oct, 2023 07:03am
Real reforms in sight? The initial signs of real reforms are in sight. This includes crackdown on smuggling of goods and currencies through... Updated 09 Oct, 2023 09:35am
Letters No light at the end of the tunnel? Business Recorder op-ed writer Ziaul Islam Zuberi in his article “The immigration scene” has highlighted an ... Published 09 Oct, 2023 06:24am
Solution to Palestinian issue: PTI urges UN, OIC to hammer out strategy ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) has called upon the United Nations and the OIC to realize the gravity of... Published 09 Oct, 2023 06:24am
Historical Nasir Bagh gets a makeover LAHORE: The work to restore the historical Nasir Bagh at The Mall to its former glory has entered its final stages, ... Published 09 Oct, 2023 06:24am
Economic recovery hamstrung by energy issues Pakistan has been facing a host of challenges that have seriously impacted its development, growth, economic ... Updated 09 Oct, 2023 06:56am
Stocks Wall Street Week Ahead: Surging Treasury yields upend stock market’s ‘bond proxies’ NEW YORK: Soaring Treasury yields have stunned the US equity market in recent weeks, with some of the worst fallout... Published 09 Oct, 2023 06:24am
Stocks UK FTSE 100 holds gains after US payrolls data LONDON: London’s FTSE 100 closed higher on Friday supported by energy and financial stocks, but logged a sharp... Published 09 Oct, 2023 06:24am
Stocks Rate-sensitive sectors lead rise in Indian shares on cenbank pause BENGALURU: Indian shares advanced on Friday, led by gains in rate-sensitive sectors like auto, financials and ... Published 09 Oct, 2023 06:24am
Asia China’s Premier Li, thousands of spectators, athletes close 19th Asian Games HANGZHOU, (China): China’s premier Li Qiang joined thousands of spectators for a colourful and “joy”-themed... Published 09 Oct, 2023 06:24am
Asia Hong Kong closes schools, raises warning for Typhoon Koinu HONG KONG: Hong Kong issued its second-highest storm warning signal on Sunday, prompting the closure of some... Published 09 Oct, 2023 06:24am
Dr Khizer appointed Director Emergency Department LGH LAHORE: Post Graduate Medical Institute Principal Prof. Dr. Muhammad Al-Fareed Zafar has appointed Prof. of Urology... Published 09 Oct, 2023 06:24am
PCB hosts ‘cricket clinic’ LAHORE: The Pakistan Cricket Board (PCB) in its efforts to diversify cricket has arranged a one-day cricket activity... Published 09 Oct, 2023 06:24am
Customs Peshawar seizes smuggled goods worth Rs252m PESHAWAR: The Customs Intelligence Peshawar has foiled several smuggling attempts in the last two weeks, seizing... Published 09 Oct, 2023 06:24am
KP to launch crackdown against power defaulter housing societies PESHAWAR: The government of Khyber Pakhtunkhwa has decided to launch crackdown against illegal housing societies to... Published 09 Oct, 2023 06:24am
Pakistan expresses grief over earthquake in Afghanistan ISLAMABAD: Pakistan on Sunday expressed deep sadness and condolence over loss of precious lives and properties in... Published 09 Oct, 2023 06:24am
Rates Automart: car prices in Karachi Rates in the week ended Sunday October 08, 2023 Published 09 Oct, 2023 06:24am
Cheap power during winter months: Package for industry on the cards The impact of incremental package will be around Rs 25 billion Updated 09 Oct, 2023 09:53am
Rates PSX witnesses bullish trend KARACHI: Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended on October 06, 2023 on the... Published 09 Oct, 2023 06:24am
OPEC leaders make case for fossil fuels at Riyadh climate event RIYADH: OPEC heavyweights said on Sunday oil and gas should not be stigmatised in the climate debate and that the... Updated 09 Oct, 2023 09:33am
700 Israelis, 400 Palestinians killed Hamas says it has taken many Israeli captives Updated 09 Oct, 2023 08:42am
Pakistan for end to oppression ISLAMABAD: Pakistan on Sunday expressed its solidarity with the Palestinians and called for an immediate end to the... Updated 09 Oct, 2023 09:05am
SME Bank may stay as SIFC seeks a reactivation plan ISLAMABAD: The caretaker government is likely to overturn a decision of Shehbaz Sharif-led government on Small and... Updated 09 Oct, 2023 09:34am
IMF, World Bank meetings: Shamshad-led team leaves for Morocco ISLAMABAD: Pakistan’s economic team, led by Caretaker Finance Minister Dr Shamshad Akhtar has departed for Morocco... Updated 09 Oct, 2023 08:42am
Inflation in Nawaz’s tenure was ‘just 2 percent’: Maryam LAHORE: Pakistan Muslim League-Nawaz (PML-N) Senior Vice President Maryam Nawaz Sunday said that the crowd shows... Updated 09 Oct, 2023 09:43am
FBR to field DTOs to identify new taxpayers ISLAMABAD: The Federal Board of Revenue (FBR) plans to depute District Taxation Officers Inland Revenue across... Updated 09 Oct, 2023 09:44am
Bumper cotton crop: Gohar gives credit to Punjab CM LAHORE: Federal Minister for Industry and Commerce Gohar Ijaz has given credit to Punjab Chief Minister Mohsin Naqvi... Updated 09 Oct, 2023 09:07am
BMP demands govt slash oil prices LAHORE: The Federation of Pakistan Chambers of Commerce and Industry’ Businessmen Panel (BMP) has asked the... Updated 09 Oct, 2023 09:37am
FTO barred from initiating action against banking co ISLAMABAD: Islamabad High Court (IHC) has restrained the Federal Tax Ombudsman (FTO) from taking action against a... Updated 09 Oct, 2023 08:43am
Energy Power theft detected at a Lahore hotel, Rs7m fine imposed on owner LAHORE: Lahore Electric Supply Company (LESCO) has detected pilferage on an electricity connection of a nine-storey... Published 09 Oct, 2023 06:24am
Energy FESCO’s DPR Tahir promoted FAISALABAD: Tahir Mehmood Sheikh, Director Public Relations of Faisalabad Electric Supply Company (FESCO) has been... Published 09 Oct, 2023 06:24am
Energy Nepra clarification ISLAMABAD: Apros a story appeared in Business Recorder on October 7, 2023 titled “hydel projects in KP: KOEN... Published 09 Oct, 2023 06:24am
Industry Signing FTAs to improve mutual trade: SCCI PESHAWAR: President of the Sarhad Chamber of Commerce and Industry Fuad Ishaq stressed the signing of free trade... Published 09 Oct, 2023 06:24am
Industry ‘Traders’ problems can be solved under the umbrella of PBF’ LAHORE President, Pakistan Business Forum Lahore Momin Ali Malik said PBF is working actively for the progress and... Published 09 Oct, 2023 06:24am
Cotton & Textile Weekly Cotton Review: Spot rate decreases amid bearish trend on market KARACHI: Cotton prices continued to decline. There was a difference of Rs15,00 in price, depending on the quality.... Published 09 Oct, 2023 06:24am
Growing national debt termed ‘a bad omen’ KARACHI: Pakistan’s total debt (external and domestic) is on surge, reaching the historic mark of Rs. 64 trillion... Published 09 Oct, 2023 06:24am
‘Organic Meat’: First Pakistani firm to export meat to China BEIJING: In a groundbreaking development for Pakistan’s meat industry, a local meat company named Pakistan’s... Published 09 Oct, 2023 06:24am
CCER: stupendous task EDITORIAL: The eleven-member Cabinet Committee for Economic Revival (CCER) has suggested slashing the budgeted... Updated 09 Oct, 2023 07:01am
Losing trust? EDITORIAL: Like the lawyers who have been meeting former prime minster and PTI (Pakistan Tehreek-e-Insaf) Chairman... Published 09 Oct, 2023 06:24am
Commodities Prices of essential food items show mixed trend PESHAWAR: Mixed trend in prices of essential food commodities, including vegetables, live chicken/meat, sugar, ... Published 09 Oct, 2023 06:24am
Money & Banking Euro zone long-dated yields edge higher after US data LONDON: Euro zone bond yields were higher late on Friday but below the session’s highs reached after the release ... Published 09 Oct, 2023 06:24am
Money & Banking Sterling ticks higher as trader awaits US jobs data LONDON: Sterling ticked a fraction higher against the dollar on Friday ahead of key US jobs data, while traders... Published 09 Oct, 2023 06:24am
Money & Banking Rouble recovers after slump to seven-week MOSCOW: The Russian rouble recovered ground on Friday, after weakening to a more than seven-week low past 101 ... Published 09 Oct, 2023 06:24am
Evergrande’s $500m EV share deal suspended, stock to resume trading HONG KONG: A share sale plan between China Evergrande New Energy Vehicle Group, the electric-vehicle arm of ... Published 09 Oct, 2023 06:24am
Energy Turkiye has yet to notify Iraq on oil pipeline: Baghdad BASRA, (Iraq): Iraq has not received formal notification from Turkiye on whether the oil exports pipeline is ready ... Published 09 Oct, 2023 06:24am
Money & Banking BoE approached UK lenders to gauge interest in troubled Metro Bank: FT LONDON: The Bank of England’s Prudential Regulation Authority approached a number of big UK lenders this week to... Published 09 Oct, 2023 06:24am
Minister vows to increase country’s IT exports LAHORE: Expressing his firm resolve to increase the country’s IT exports in the world, the caretaker federal... Published 09 Oct, 2023 06:24am
Pakistan, China mulling extending CPEC to Afghanistan: ambassador BEIJING: The China-Pakistan Economic Corridor (CPEC), a pilot project of the Belt and Road Initiative (BRI) is a ... Published 09 Oct, 2023 06:24am
Industry Sanallah Khan assumes charge as SVP SCCI PESHAWAR: Sanaullah Khan has formally assumed charge of his office as senior vice president of the Sarhad Chamber of... Published 09 Oct, 2023 06:24am
Industry Only 72pc locomotives of Pakistan Railways functional, says official ISLAMABAD: Around 72 percent of Diesel-Electric Locomotives (DEL) of Pakistan Railways out of a total of 461 are... Published 09 Oct, 2023 06:24am
Industry ‘Pakistan has potential to be next hub of IT SMEs’ LAHORE: Pakistan is one of the fastest growing markets in the world in terms of freelancers and it has a huge... Published 09 Oct, 2023 06:24am
Companies Birkenstock eyes pricing IPO at top of range NEW YORK: Birkenstock Holding Ltd has secured enough commitments from investors to price its US initial public... Published 09 Oct, 2023 06:24am