Industry ‘Majority of SMEs have no access to formal financing’ ISLAMABAD: Small and Medium Enterprises (SMEs) are playing a role of the backbone of the national economy,... Published 13 Dec, 2024 08:33am
Minister calls for structural and operational reforms in TDAP ISLAMABAD: The Federal Minister for Commerce, Jam Kamal Khan, presided over the 11th Board Meeting of the Trade... Published 13 Dec, 2024 08:30am
Tarar arrives in Istanbul on three-day official visit ISLAMABAD: Federal Minister for Information and Broadcasting Attaullah Tarar has arrived in Istanbul on a three-day... Published 13 Dec, 2024 08:30am
Energy Significant cut in POL products’ prices likely ISLAMABAD: The federal government is considering a significant reduction in ex-depot prices for petroleum ... Published 13 Dec, 2024 08:28am
Industry Chinese CG pays special visit to LCCI LAHORE: The Chinese Consul General in Lahore Zhao Shiren has paid a special visit to the Lahore Chamber of Commerce... Published 13 Dec, 2024 08:26am
Letters ‘40pc of world’s Shariah-compliant financial experts hail from Pakistan’ This is apropos a Business Recorder news item ‘40pc of world’s Shariah-compliant financial experts hail from... Published 13 Dec, 2024 07:57am
Victory of peoples’ power in Syria — lesson for tyrants The decades-long tyranny, repression and iron-fisted rule of the Assad dynasty in Syria has finally crumbled,... Published 13 Dec, 2024 07:51am
Pakistan’s economic outlook 2025: inflation, growth, & debt Among macroeconomic indicators, primarily inflation has come down drastically over recent months, whereby consumer... Published 13 Dec, 2024 07:42am
FBR: Messing up a messy law Actus legis nemini facit injurium (A party should not suffer on account of an act or omission by the Court or State... Published 13 Dec, 2024 07:39am
An unnecessary disputation EDITORIAL: The madressah’s registration bill has ended up triggering an unsavoury controversy between the ... Published 13 Dec, 2024 07:33am
Blaming IMF for inflation! EDITORIAL: In response to a query from a member of the Treasury benches, Tahira Aurangzeb, the Ministry of Finance... Published 13 Dec, 2024 07:27am
Iran accepts tougher oversight at Fordow enrichment plant: IAEA JERUSALEM: Israel said Thursday it would “continue to act to defend itself” after France urged it to withdraw... Published 13 Dec, 2024 06:29am
Vatican officials, Abbas discuss Gaza’s ‘very serious’ needs VATICAN CITY: Pope Francis met Palestinian President Mahmoud Abbas at the Vatican on Thursday, their first... Published 13 Dec, 2024 06:29am
Europe UK aims to boost home-schooling safety after Sara’s murder LONDON: British Prime Minister Keir Starmer on Thursday called for better safeguards for home-schooled children and... Published 13 Dec, 2024 06:29am
Trump invites China’s Xi to inauguration, experts call it political theatre WASHINGTON: US President-elect Donald Trump has invited Chinese President Xi Jinping and other foreign leaders to ... Published 13 Dec, 2024 06:29am
Syria govt pledges ‘rule of law’ after Assad’s overthrow DAMASCUS: Syria’s interim government vowed on Thursday to institute the “rule of law” after years of abuses... Published 13 Dec, 2024 06:29am
Gaza rescuers say Israeli strikes kill 33 GAZA STRIP: Gaza’s civil defence agency reported that Israeli air strikes on Thursday killed at least 33 people,... Published 13 Dec, 2024 06:29am
61st ANNIVERSARY OF KENYA’S INDEPENDENCE: Kenya’s Economic Model TEXT: The Kenya Vision 2023 (KV2030) is the long-term development blueprint aiming to transform Kenya into a newly... Published 13 Dec, 2024 06:29am
61st ANNIVERSARY OF KENYA’S INDEPENDENCE: MOHAMMAD HANIF JANOO ON THE 61st ANNIVERSARY OF KENYA’S INDEPENDENCE TEXT: It gives me great pleasure to extend my warm greetings to the government and people of Kenya on the auspicious... Published 13 Dec, 2024 06:29am
61st ANNIVERSARY OF KENYA’S INDEPENDENCE: AMB. LT. GEN. PETER MBOGO NJIRU (RTD) ON THE 61st ANNIVERSARY OF KENYA’S INDEPENDENCE It is with great pleasure and humility that I welcome you all ... Published 13 Dec, 2024 06:29am
Climate funding: ADB commits Rs700bn, IFIs follow suit ISLAMABAD: The National Assembly Standing Committee on Foreign Affairs was told that International Financial... Updated 13 Dec, 2024 09:23am
Energy Outsandings against provincial depts/entities: Power minister seeks CMs’ intervention for recovery ISLAMABAD: Minister for Power, Sardar Awais Ahmed Khan Leghari has sought personal interventions of chief ministers... Published 13 Dec, 2024 06:29am
Discos’ sell-off: Power Division fails to satisfy Senate panel ISLAMABAD: Power Division on Thursday failed to satisfy the Senate Standing Committee on Power about privatisation... Updated 13 Dec, 2024 08:47am
Importance of Islamic finance, capital markets highlighted KARACHI: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb has said that Islamic finance and... Published 13 Dec, 2024 06:29am
Trial of civilians under the Army Act: CB’s Mandokhail raises concerns over legitimacy ISLAMABAD: Justice Jamal Khan Mandokhail questioned how a civilian, not in armed forces, can be tried by military... Updated 13 Dec, 2024 09:22am
KE FCA for October: Nepra to approve Rs0.27/unit negative adjustment ISLAMABAD: National Electric Power Regulatory Authority (Nepra) will approve negative adjustment of Rs 0.27 per unit... Updated 13 Dec, 2024 09:31am
$425m national transmission modernisation project: World Bank rates implementation as ‘moderately satisfactory’ ISLAMABAD: The World Bank has rated the implementation of “National Transmission Modernization Project” of $425... Updated 13 Dec, 2024 09:14am
Over 50 Chinese cos to invest $1.4bn in Sindh projects KARACHI: Over 50 Chinese companies are set to invest $1.4 billion in Sindh’s various sectors, including healthcare,... Updated 13 Dec, 2024 08:46am
Pakistan condemns Israel’s occupation of Syrian territories ISLAMABAD: Pakistan has strongly condemned Israel’s occupation of Syrian territories, highlighting the destruction... Published 13 Dec, 2024 06:29am
Govt comes under severe criticism in NA for absence of ministers ISLAMABAD: The government came under severe criticism in National Assembly on Thursday from both its ally Pakistan... Published 13 Dec, 2024 06:29am
‘D-Chowk debacle’ probe: PTI leader demands govt form fact-finding commission ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Parliamentary Leader in Senate, Barrister Ali Zafar has questioned the... Published 13 Dec, 2024 06:29am
61st ANNIVERSARY OF KENYA’S INDEPENDENCE: KENYA-PAKISTANRELATIONS TEXT: Kenya–Pakistan relations entails the bilateral relations between Pakistan and Kenya. Both countries are... Published 13 Dec, 2024 06:29am
61st ANNIVERSARY OF KENYA’S INDEPENDENCE: EXPERIENCE KENYA’S ADVENTURE The forest adventure center better known as the forest, is your go-to ‘edumersion’ into Kenya’s deep and... Published 13 Dec, 2024 06:29am
61st ANNIVERSARY OF KENYA’S INDEPENDENCE: Location TEXT: Kenya is located on the East Coast of Africa. It lies across the equator and covers an area of 582,646 Km2. It... Published 13 Dec, 2024 06:29am
61st ANNIVERSARY OF KENYA’S INDEPENDENCE: Investment and Trade treaties for investments & market access TEXT: Africa Growth and Opportunity Act (AGOA): Duty free and quota free for 16,000 products into the US Market... Published 13 Dec, 2024 06:29am
61st ANNIVERSARY OF KENYA’S INDEPENDENCE: KENYA: A LEADER IN SUSTAINABLE TOURISM TEXT: Environmental conservation and tourism have co-existed and developed alongside each other for a very long ... Published 13 Dec, 2024 06:29am
61st ANNIVERSARY OF KENYA’S INDEPENDENCE: Why Kenya Stands Out In The Global FDI Landscape TEXT: Strong Economic Growth Kenya’s GDP grew 5.3% in 2023 with a diversified economy in agriculture, ICT,... Published 13 Dec, 2024 06:29am
61st ANNIVERSARY OF KENYA’S INDEPENDENCE: Why Kenya Stands Out In Africa TEXT: Macro-economic fundamentals remain among the strongest in Africa: • 4th largest economy in sub-Saharan... Published 13 Dec, 2024 06:29am
61st ANNIVERSARY OF KENYA’S INDEPENDENCE: Why Kenya TEXT: Global Rankings • World Bank Report Kenya rated 29th fastest growing economy in the world ... Published 13 Dec, 2024 06:29am
61st ANNIVERSARY OF KENYA’S INDEPENDENCE: Bottom-Up Economic Transformation Agenda (BETA) TEXT: Objectives of BETA Bringing down the cost of living by... Published 13 Dec, 2024 06:29am
The Weather KARACHI: The weather report on Thursday (December 12, 2024) and the forecast for Friday (December 13, 2024)... Published 13 Dec, 2024 06:29am
Rates PSX extends historic gains KARACHI: Pakistan Stock Exchange on Thursday achieved another historic milestone and hit new highest-ever levels ... Published 13 Dec, 2024 06:29am
SC CB dismisses pleas against practice procedure ordinance ISLAMABAD: The Supreme Court (SC) of Pakistan’s Constitutional Bench on Thursday dismissed a set of petitions... Updated 13 Dec, 2024 09:16am
IK, Bushra indicted in Toshakhana-II case ISLAMABAD: A special court, on Thursday, indicted Pakistan Tehreek-e-Insaf (PTI) founding chairman Imran Khan and ... Published 13 Dec, 2024 06:29am
Fazl lashes out at President over Madaras Bill DI KHAN: Jamiat Ulema-e-Islam-Fazl (JUI-F) chief Maulana Fazlur Rehman accused the President’s House and the... Published 13 Dec, 2024 06:29am
Climate change and pandemics: Minister calls for facilitating cross-border data sharing ISLAMABAD: Federal Minister for Planning and Development Ahsan Iqbal has called for facilitating cross-border data... Published 13 Dec, 2024 06:29am
PTI leader rejects notion of national govt ISLAMABAD: As the capital is rife with rumours about formation of a national government, the opposition Pakistan... Published 13 Dec, 2024 06:29am
UCs funds: City Council opposition stages protest demonstration KARACHI: Opposition party representatives in the City Council staged a protest demonstration against the ruling PPP... Published 13 Dec, 2024 06:29am
Flower show begins at UAF FAISALABAD: The University of Agriculture Faisalabad opened its three-day annual Chrysanthemum and Autumn Flower ... Published 13 Dec, 2024 06:29am
PARTLY FACETIOUS: Learn the difference between talking figuratively and… “So I don’t get it - who lost his source of power.” “If you mean The Man Who Must Remain Nameless and... Published 13 Dec, 2024 06:29am
PM for ensuring accessible healthcare to all citizens ISLAMABAD: Prime Minister Shehbaz Sharif emphasised on Thursday that ensuring accessible healthcare to all citizens... Published 13 Dec, 2024 06:29am
Mayor praises KPC for promoting, strengthening democracy KARACHI: Mayor Karachi, Barrister Murtaza Wahab, said that Karachi Press Club (KPC) is our historical heritage, and... Updated 13 Dec, 2024 09:09am
SC rejects ECP’s order to disqualify MNA Adil Bazai ISLAMABAD: The Supreme Court set aside the Election Commission of Pakistan’s order to disqualify Member of ... Updated 13 Dec, 2024 09:10am
Stocks Wall St edges lower after data, strong gains in last session NEW YORK: Wall Street’s main indexes inched lower on Thursday after the S&P 500 and the Nasdaq ended the... Published 13 Dec, 2024 06:29am
Stocks European stocks pare losses after ECB trims interest rates FRANKFURT: European stocks pared losses on Thursday, after the European Central Bank cut interest rates by 25 basis... Published 13 Dec, 2024 06:29am
Stocks China, HK stocks end higher ahead of possible policy moves SHANGHAI: China and Hong Kong stocks closed up on Thursday as investors awaited the outcome of a key economic policy... Published 13 Dec, 2024 06:29am
Stocks Indian shares settle lower as caution ahead of inflation data MUMBAI: Indian shares fell on Thursday, weighed by a retreat in all sectors, barring information technology, on... Published 13 Dec, 2024 06:29am
Stocks Nikkei logs 2-month closing high TOKYO: Japan’s Nikkei share average finished at a two-month closing high on Thursday, tracking Wall Street’s... Published 13 Dec, 2024 06:29am
Rates Activities of Karachi Port Trust, Port Qasim KARACHI: The Karachi Port Trust handled 131,647 tonnes of cargo comprising 69,840 tonnes of import cargo and 61,807... Published 13 Dec, 2024 06:29am
Rates LME official prices LONDON: The following were Wednesday official prices. ========================================= ALUMINIUM... Published 13 Dec, 2024 06:29am
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 Dec, 2024 06:29am
Rates Kibor interbank offered rates KARACHI: Kibor interbank offered rates on Thursday (December 12, 2024). ========================== KIBOR... Published 13 Dec, 2024 06:29am
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 Dec, 2024 06:29am
Rates Shipping Intelligence KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (December 12, 2024).... Published 13 Dec, 2024 06:29am
Grains Lahore Grain Market Rates LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (December 12, 2024)... Published 13 Dec, 2024 06:29am
Paper Lahore Paper Market Rates LAHORE: Paper market rates in rupees on Thursday (December 12, 2024). ======================================= ... Published 13 Dec, 2024 06:29am
Rates BRIndex100 and BR Sectoral Indices KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (December 12, 2024). ==================================== ... Published 13 Dec, 2024 06:29am
Population, economy: ICJ apprised of woeful climate change impacts Attorney General Mansoor Awan presents Pakistan’s case at the International Court of Justice Updated 13 Dec, 2024 09:25am
Use of software/programme: Payment is business income, not royalty: SC ISLAMABAD: The Supreme Court of Pakistan, while exercising its review jurisdiction, has held that the... Published 13 Dec, 2024 06:29am
Significant breakthrough: US FAA likely to resume flight operations KARACHI: Pakistan’s aviation sector is poised for a significant breakthrough as discussions progress with the US... Updated 13 Dec, 2024 09:12am
Disputes related to cotton cess: PCCC concerned over prolonged delays ISLAMABAD: Pakistan Central Cotton Committee’s (PCCC) governing body on Thursday expressed serious concern over the... Updated 13 Dec, 2024 09:24am
All petrol pumps in federal capital will be equipped with EV-charging stations ISLAMABAD: The government has taken a major step towards implementing the Electric Vehicles (EV) Policy, announcing... Published 13 Dec, 2024 06:29am
Real Estate Dubai’s real estate sector is evolving, moving towards ‘branded residences’ Dubai’s recent crown as the ‘global leader in branded residences’ is also accompanied by high occupancy level in... Published 13 Dec, 2024 06:29am
Commodities Gold prices soar KARACHI: Gold prices shot up on Thursday after the global bullion value crossed $2, 700 per ounce, traders said. ... Published 13 Dec, 2024 06:29am
Interest Rates KCCI urges SBP to reduce policy rate by 400bps KARACHI: President Karachi Chamber of Commerce and Industry (KCCI) Muhammad Jawed Bilwani, while referring to the... Published 13 Dec, 2024 06:29am
Companies Ecosystem report: amid dwindling startup funding, i2i looks to offer insights KARACHI: Invest2-Innovate (i2i) released on Thursday the fourth edition of its Pakistan Startup Ecosystem Report... Published 13 Dec, 2024 06:29am
Energy Winter demand initiative: Not more than Rs2.5/unit saving even with 40pc rise in consumption LAHORE: The industrial consumers have apprehended that the maximum saving would not exceed Rs2.5 per unit even with ... Published 13 Dec, 2024 06:29am
Commodities Iron ore futures rebound SINGAPORE: Iron ore futures prices recovered on Thursday from the previous session’s losses, as investors awaited... Published 13 Dec, 2024 06:29am
Energy US natural gas eases NEW YORK: US natural gas futures eased on Thursday, hurt by rising output and forecasts for less cold weather over... Published 13 Dec, 2024 06:29am
Commodities Gold edges down ahead of ECB, US PPI data NEW YORK: Gold prices edged down on Thursday, but held near a five-week peak, as risk appetite increased ahead of a... Published 13 Dec, 2024 06:29am
Commodities Chicago corn futures lower CHICAGO: Corn futures fell back from five-and-half-month highs reached earlier on Wednesday after the US Department... Published 13 Dec, 2024 06:29am
Commodities Copper prices fall LONDON: Copper prices fell on Thursday due to a lack of clarity on the size of the economic stimulus promised by... Published 13 Dec, 2024 06:29am
Commodities Asia rice: New season supplies rise in India BENGALURU/MUMBAI/HANOI AND BANGKOK: Prices of parboiled rice exported from India held steady this week as strong... Published 13 Dec, 2024 06:29am
Commodities Palm oil reverses losses to close higher JAKARTA: Malaysian palm oil futures reversed losses to close higher on Thursday after heavy morning profit-taking... Published 13 Dec, 2024 06:29am
Energy Oil lower on IEA surplus forecast NEW YORK: Oil prices were down more than 1% on Thursday as a forecast for ample supply in the oil market offset... Published 13 Dec, 2024 06:29am
Cotton & Textile Cotton spot rates KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Thursday, (December 12, 2024)... Published 13 Dec, 2024 06:29am
Cotton & Textile Needy buyers take interest in fresh buying of cotton LAHORE: The local cotton market on Thursday remained steady and the trading volume improved a little bit. Cotton... Published 13 Dec, 2024 06:29am
Forex Dollar's rate in interbank market KARACHI: Interbank closing rates for dollar on Thursday (December 12, 2024). ======================== Open ... Published 13 Dec, 2024 06:29am
Forex Kerb buying and selling rate of US dollar KARACHI: Dollar buying and selling rate in the kerb market in rupees on Thursday (December 12, 2024).... Published 13 Dec, 2024 06:29am
Foreign investment: PM expresses satisfaction over OICCI report ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday expressed satisfaction over the latest report released by... Updated 13 Dec, 2024 08:47am
SBP’s reserves up $13m to $12.051bn KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $ 13 million, reaching $... Published 13 Dec, 2024 06:29am
Companies FBL recognised as fastest growing bank in Pakistan’s remittance sector KARACHI: Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, has been honoured by the State Bank ... Published 13 Dec, 2024 06:29am
Industry 2nd ‘Mera Brand Pakistan’ fair on Jan 18-19 KARACHI: Second “Mera Brand Pakistan” exhibition is scheduled to take place on January 18-19, 2025, at the... Published 13 Dec, 2024 06:29am
Money & Banking ECB cuts rates again as eurozone hit by economic, political woes FRANKFURT: The European Central Bank cut interest rates again Thursday, citing a worsening growth outlook and ... Published 13 Dec, 2024 06:29am
Money & Banking Dollar higher on fresh inflation data NEW YORK: The US dollar was higher on Thursday after a hotter than expected inflation readout while the euro traded ... Published 13 Dec, 2024 06:29am
Money & Banking Asian currencies muted BENGALURU: South Korean equities extended their rise for a third consecutive session on Thursday following a week of... Published 13 Dec, 2024 06:29am
EPD intensifies operation against non-zigzag brick kilns LAHORE: The Environment Protection Department (EPD) has intensified operations against non-zigzag brick kilns and... Updated 13 Dec, 2024 08:25am
Companies FY2023-24: NESPAK secured 156 new projects worth Rs23bn LAHORE: NESPAK, a leading organization of consulting engineers, has set an all-time record in business acquisition ... Updated 13 Dec, 2024 08:23am
Environmental pollution: Punjab CM proposes to establish JWG with China LAHORE: Punjab Chief Minister Maryam Nawaz Sharif proposed to establish a joint working group with China to ... Updated 13 Dec, 2024 08:21am
Ex-ISI chief Faiz Hameed arraigned on charges of ‘engaging in political activities’ among others, says ISPR
‘Fake’ purchase of coal by cement makers: Abrupt transfer of officers halts probe into Rs11bn tax fraud