» Iran announces opening of its airspace after war: state media
04/07/25 00:53 from Business Recorder - Latest News
TEHRAN: Iran announced Thursday that it has reopened its airspace, including over Tehran, after closing it on June 13 due to the war with Israel, according to state media. Iran says remains committed to nuclear non-proliferation treaty “...
» Russia becomes first country to recognise Taliban government of Afghanistan
04/07/25 00:27 from Business Recorder - Latest News
Russia said on Thursday it had accepted the credentials of a new ambassador of Afghanistan, making it the first nation to recognise the Taliban government of the country. In a statement, the Russian Foreign Ministry said Moscow saw good ...
» Trump’s flagship tax bill passes US Congress
04/07/25 00:15 from Business Recorder - Latest News
WASHINGTON: The Republican-led US Congress narrowly passed Donald Trump’s flagship spending bill Thursday after a marathon voting session on the package, which is set to slash social welfare programs and add more than $3 trillion to the ...
» Traffic plan issued for 8th, 9th, 10th Muharram processions in Karachi
03/07/25 23:11 from Business Recorder - Latest News
The Karachi Traffic Police on Thursday issued a detailed traffic diversion plan for the 8th, 9th, and 10th of Muharram-ul-Haram 1447 Hijri (corresponding to July 4, 5, and 6) in view of the central mourning processions scheduled to be ta...
» Putin tells Trump he won’t back down from goals in Ukraine, Kremlin says
03/07/25 22:48 from Business Recorder - Latest News
MOSCOW: Russian President Vladimir Putin told U.S. President Donald Trump in a phone call on Thursday that Moscow wants a negotiated end to the Ukraine war but will not step back from its original goals, a Kremlin aide said. In a wide-ra...
» BRICS to launch guarantee fund to boost investment in member nations, sources say
03/07/25 22:38 from Business Recorder - Latest News
BRASILIA: The BRICS group of developing nations is set to announce a new guarantee fund backed by the New Development Bank (NDB) to lower financing costs and boost investment, two people familiar with the matter told Reuters. The initiat...
» SECP proposes amendments in Voluntary Pension System Rules, 2005
03/07/25 22:32 from Business Recorder - Latest News
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has proposed amendments in Voluntary Pension System Rules, 2005, aiming to align the regulatory framework more closely with international best practices, eliminate inte...
» UK stocks stabilise a day after selloff on fiscal concerns
03/07/25 21:46 from Business Recorder - Latest News
London’s main stock indexes closed higher on Thursday as political tensions appeared to ease after finance minister Rachel Reeves said she’s “totally” up for the job, drawing support from Prime Minister Keir Starmer. The blue-chip FTSE 1...
» Why are farm goods holding up the India-US trade deal?
03/07/25 21:43 from Business Recorder - Latest News
MUMBAI: U.S. and India trade negotiators were pushing on Wednesday to finalise a tariff-reducing deal ahead of President Donald Trump’s July 9 negotiating deadline, but disagreements over U.S. dairy and agriculture remained unresolved. W...
» SBP reserves hit nearly 40-month high on multilateral, commercial loans
03/07/25 21:12 from Business Recorder - Latest News
Pakistan’s central bank reserves hit around 40-month high this week, helped by multilateral and commercial loans that pushed the dollar stockpile to reach $14.51 billion as of June 30, 2025. The State Bank of Pakistan (SBP) foreign reser...
» Only 15 electric vehicle brands in China will be financially viable by 2030, AlixPartners says
03/07/25 21:03 from Business Recorder - Latest News
BEIJING: Only 15 out of the 129 brands that currently sell electric vehicles and plug-in hybrids in China will be financially viable by 2030, as intense competition forces consolidation and some to exit the market, consultancy AlixPartne...
» Microsoft ‘ends’ operations in Pakistan after 25 years
03/07/25 21:47 from Business Recorder - Latest News
Tech software giant Microsoft has shut down all operations in Pakistan, according to media reports on Thursday. The report comes just a day after Seattle Times reported that Microsoft had announced it was laying off as much as 4%, or rou...
» Chip design software firms climb as US lifts curbs on China exports
03/07/25 20:18 from Business Recorder - Latest News
Shares of Synopsys and Cadence Design Systems jumped on Thursday after the U.S. lifted export curbs on chip design software to China, easing uncertainty around access to the crucial market. The restrictions, announced in late May, had es...
» TSX hits record high as investors assess economic data, trade talks
03/07/25 20:12 from Business Recorder - Latest News
Canada’s main stock index hit a record high on Thursday as investors assessed economic data from Canada and the United States, while a U.S.-Vietnam trade pact renewed optimism about global trade agreements ahead of the July 9 tariff dead...
» Over 12mn mobile handsets assembled in Pakistan in Jan-May
03/07/25 19:55 from Business Recorder - Latest News
ISLAMABAD: A total of 12.5 million mobile handsets were assembled/manufactured in Pakistan in the first five months (January-May) of the calendar year 2025, compared to 0.76 million imported commercially, it was learnt on Thursday. Local...
» New Delhi says fuel ban on old vehicles not feasible
03/07/25 19:41 from Business Recorder - Latest News
NEW DELHI: Two days after India’s capital stopped fuel sales to ageing vehicles to tackle the sprawling megacity’s hazardous air pollution, authorities on Thursday said the ban was not practical. New Delhi is regularly ranked as one of t...
» Modi pushes further India-Africa cooperation on Ghana visit
03/07/25 19:34 from Business Recorder - Latest News
ACCRA: Indian Prime Minister Narendra Modi on Thursday outlined plans for deeper ties between his country and Africa, as New Delhi increasingly vies for a stronger economic presence on the continent along with China and Russia. In a spee...
» Wheat steady-up 2 cents, corn up 4-5, soy up 7-11
03/07/25 19:15 from Business Recorder - Latest News
CHICAGO: The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Thursday. Wheat - Steady to up 2 cents per bushel CBOT wheat climbed after loss...
» Sri Lanka’s economic outlook positive but global trade concerns pose risks, IMF says
03/07/25 19:11 from Business Recorder - Latest News
COLOMBO: Sri Lanka’s economic outlook remains positive, but global trade policy uncertainties pose significant risks to macroeconomic and social stability, the International Monetary Fund (IMF) said on Thursday. Sri Lanka, which plunged ...
» US trade deficit widens in May on weak exports
03/07/25 19:03 from Business Recorder - Latest News
WASHINGTON: The U.S. trade deficit widened sharply in May as exports fell, but subsiding imports suggested trade could still lead an anticipated rebound in economic growth in the second quarter. The trade gap increased 18.7% to $71.5 bil...