» Govt weighs AI-based tax enforcement, digital monitoring reforms for budget
13/05/26 19:15 from Business Recorder - Latest News
The government is considering the introduction of digital monitoring systems and artificial intelligence (AI)-based tax enforcement reforms in the upcoming Finance Bill to curb tax evasion, broaden the tax base and improve revenue collec...
» Dar says Pakistan poised to become regional digital, innovation hub
13/05/26 18:15 from Business Recorder - Latest News
Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar on Wednesday said Pakistan was well positioned to emerge as a regional hub for digital innovation, the Foreign Office said. Addressing the launch ceremony of IBI Pakistan Digi...
» Chinese oil tanker exits Strait of Hormuz, stops at Gulf of Oman, data shows
13/05/26 19:14 from Business Recorder - Latest News
SINGAPORE: A Chinese supertanker carrying two million barrels of Iraqi crude sailed through the Strait of Hormuz on Wednesday after being stranded in the Gulf for more than two months due to the U.S.-Iran war, LSEG and Kpler ship-trackin...
» Trump, Xi to weigh tariff cuts on $30 billion of imports in managed trade push
13/05/26 17:16 from Business Recorder - Latest News
WASHINGTON: The U.S. and China are expected to inch toward a managed trade mechanism for non-sensitive goods this week, with each side possibly identifying some $30 billion worth of goods on which they could reduce tariffs and sell to ea...
» India bonds end nearly flat but outlook stays bearish
13/05/26 19:12 from Business Recorder - Latest News
MUMBAI: Indian government bonds ended barely changed on Wednesday, with elevated oil prices and U.S. Treasury yields looming on the outlook for borrowing costs. The rupee fell to another record low despite New Delhi raising tariffs on bu...
» Air India cuts international flights amid Middle East conflict
13/05/26 19:11 from Business Recorder - Latest News
BENGALURU: Air India will temporarily cut flights on several international routes between June and August, it said on Wednesday, citing airspace restrictions in some regions and record-high jet fuel prices. The Iran war has triggered air...
» Russia launches air attack on Ukraine infrastructure, military intelligence says
13/05/26 18:10 from Business Recorder - Latest News
Russia launched what is likely to be a prolonged air attack on Ukraine’s critical infrastructure facilities on Wednesday, the HUR military intelligence agency said. President Volodymyr Zelenskiy had earlier warned of possible waves of Ru...
» Rupee inches up against US dollar
13/05/26 18:51 from Business Recorder - Latest News
Rupee's Performance Against US Dollar Since 04 March 2025 const ctx = document.getElementById('closingRatesChart').getContext('2d'); const closingRatesChart = new Chart(ctx, { type: 'line', data: { labels: [ "04-Mar-25", "05-Mar-25", "06...
» Most Gulf markets gain with Iran ceasefire in focus ahead of Trump's China trip
13/05/26 15:35 from Business Recorder - Latest News
Most Gulf stock markets edged higher in early trade on Wednesday, as investors watched the fragile Middle East ceasefire and the upcoming high-stakes meeting in China between U.S. President Donald Trump and Chinese President Xi Jinping. ...
» India's TVS Motor misses quarterly profit view on higher costs
13/05/26 15:31 from Business Recorder - Latest News
TVS Motor, India’s third-largest two-wheeler maker, reported a 31% rise in its fourth-quarter profit on Wednesday but missed analysts estimates slightly as soaring raw material costs offset strong local demand for its scooters and motorb...
» India's HPCL Q4 profit rises on strong refining margins, steady fuel demand
13/05/26 15:28 from Business Recorder - Latest News
India’s Hindustan Petroleum Corp Ltd reported a rise in fourth-quarter profit on Wednesday, helped by stronger refining margins and steady fuel demand. The state-run refiner logged a net profit of about 49.02 billion rupees ($512.37 mill...
» Prime Minister Modi cuts size of his motorcade to save fuel, source says
13/05/26 15:25 from Business Recorder - Latest News
NEW DELHI: Indian Prime Minister Narendra Modi has “significantly” cut the size of his motorcade to save fuel, a government source said on Wednesday, days after he urged citizens to tighten their belts amid a surge in energy prices trigg...
» Gold price per tola drops by Rs1,100 in Pakistan
13/05/26 18:39 from Business Recorder - Latest News
Gold prices in Pakistan decreased on Wednesday in line with their loss in the international market. In the local market, gold price per tola reached Rs491,362 after a decline of Rs1,100 during the day. Similarly, 10-gram gold was sold at...
» Trump lands in China for Xi summit with Nvidia CEO in tow
13/05/26 17:44 from Business Recorder - Latest News
BEIJING/SEOUL: US President Donald Trump landed in Beijing accompanied by an entourage that included Nvidia’s Jensen Huang and Elon Musk on Wednesday after pledging to urge China’s Xi Jinping to “open up” to US business at the start of t...
» Iran hangs man accused of spying for Israel
13/05/26 14:54 from Business Recorder - Latest News
TEHRAN: Iran on Wednesday hanged a man found guilty of selling information to Israeli intelligence, the judiciary said, the latest in a wave of executions during the war with the country. Since the start of the conflict with Israel and t...
» World Cup broadcast deadlock ends up in Indian court
13/05/26 14:49 from Business Recorder - Latest News
NEW DELHI: A standoff over World Cup broadcasting rights in India has ended up in the courts with fans fearing they won’t be able to watch football’s biggest party when it begins in under a month. The Delhi High Court on Tuesday issued a...
» Stars descend as Cannes Film Festival opens without Hollywood backing
13/05/26 14:41 from Business Recorder - Latest News
PARIS: Celebrities from Demi Moore to “The Lord of the Rings” star Elijah Wood headed up the red carpet for the opening ceremony of the Cannes Film Festival on Tuesday, where the impact of AI and the absence of Hollywood studios are majo...
» Conan O'Brien to host 2027 Oscars: organisers
13/05/26 14:33 from Business Recorder - Latest News
LOS ANGELES: Comedian Conan O’Brien will return for the third straight time to host the Oscars in 2027, organizers announced Tuesday. O’Brien, 63, will preside over the 99th edition of American cinema’s most prestigious gala, which will ...
» Paramount defends Warner bid amid California probe
13/05/26 14:28 from Business Recorder - Latest News
LOS ANGELES: Paramount Skydance has defended its attempt to buy the legendary Warner Bros. studio, in a letter to California’s top lawyer whose office is probing the $110 billion bid, US media reported Tuesday. The move comes amid growin...
» Pakistan’s economy expands to $452bn as GDP grows 3.99% in Q3 FY26
13/05/26 17:35 from Business Recorder - Latest News
Pakistan’s economy grew by 3.99% year-on-year in the third quarter of fiscal year 2025-26, with industry emerging as the key driver, according to data released by the National Accounts Committee (NAC) on Wednesday. The latest figures, co...