» Intra-day update: rupee records gain against US dollar
05/12/25 09:59 from Business Recorder - Latest News
The Pakistani rupee registered gains against the US dollar, appreciating 0.06% during the opening minutes of trading in the inter-bank market on Friday. At 10am, the local currency was hovering at 280.27, a gain of Re0.18 against the gre...
» Bullish momentum at bourse, KSE-100 gains over 1,100 points in early trade
05/12/25 09:46 from Business Recorder - Latest News
Bullish momentum was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 1,100 points during the opening minutes of trading on Friday. At 9:30am, the benchmark index was hovering at 167,424.92, an...
» Chevron’s Gorgon LNG project secures $2 billion investment nod
05/12/25 08:47 from Business Recorder - Latest News
PERTH: The Australian unit of US oil giant Chevron said on Friday that the partners of the Gorgon Joint Venture have approved the A$3 billion ($1.98 billion) Gorgon Stage 3 development off Western Australia’s northwest coast. The develop...
» Dollar hovers near five-week low on Fed rate cut bets
05/12/25 08:44 from Business Recorder - Latest News
TOKYO: The US dollar languished not far from a five-week low against its major peers on Friday as investors braced for a Federal Reserve rate cut next week. Markets widely expect a quarter point reduction when the policy-setting Federal ...
» China’s Xi meets France’s Macron in southwestern Chengdu
05/12/25 08:41 from Business Recorder - Latest News
BEIJING: China’s President Xi Jinping met French President Emmanuel Macron in the southwestern city of Chengdu on Friday, state media said, a rare instance of the head of the world’s second-largest economy accompanying a guest beyond Bei...
» US military says it killed four men in strike on suspected drug vessel
05/12/25 08:38 from Business Recorder - Latest News
The US military said it killed four men in a strike on a suspected drug vessel in international waters in the Eastern Pacific on Thursday. US strikes on alleged drug boats kill six more people “Intelligence confirmed that the vessel was ...
» Bondi orders US law enforcement to investigate ‘extremist groups’
05/12/25 08:35 from Business Recorder - Latest News
WASHINGTON: US Attorney General Pam Bondi on Thursday ordered federal law enforcement to step up investigations into the anti-fascist antifa movement and similar “extremist groups,” and asked the FBI to compile a list of entities possibl...
» Russia’s Putin to hold summit talks with India’s Modi in Delhi
05/12/25 08:30 from Business Recorder - Latest News
NEW DELHI: Russian President Vladimir Putin will hold summit talks with Prime Minister Narendra Modi in New Delhi on Friday, aiming to boost trade with the top buyer of Russia’s arms and seaborne oil as Western sanctions squeeze their de...
» India’s stock benchmarks set to open higher ahead of RBI policy decision
05/12/25 08:24 from Business Recorder - Latest News
India’s stock benchmarks are set to open higher on Friday, with investors divided over the Reserve Bank of India’s policy decision as strong economic growth and a weakening rupee cloud the case for a rate cut. Gift Nifty futures were tra...
» Rupee likely to inch up ahead of RBI decision after recovery tempers bearish run
05/12/25 08:21 from Business Recorder - Latest News
MUMBAI: The Indian rupee is expected to open slightly firmer on Friday ahead of the central bank’s interest rate decision, supported by a brief recovery in the prior session that helped cool the recent bearish run. The 1-month non-delive...
» Japan’s Nikkei skids in subdued Asia as bets of rate hike grow
05/12/25 08:19 from Business Recorder - Latest News
SYDNEY: Japan’s Nikkei skidded on Friday, wiping out this week’s gains amid an otherwise subdued Asian session, after weaker-than-expected spending data underscored the scourge of inflation as bets grew that the Bank of Japan would hike ...
» Oil prices head for 2% weekly gain as Fed hopes boost market, Venezuela tensions loom
05/12/25 08:14 from Business Recorder - Latest News
BEIJING: WTI oil prices were heading for weekly gains of close to 2% in early trading on Friday, supported by an expected Federal Reserve interest rate cut, escalating U.S.-Venezuela tensions and stalled peace talks in Moscow. It would b...
» New values of polyester partially oriented yarn issued
05/12/25 07:06 from Business Recorder - Latest News
ISLAMABAD: The Directorate General of Customs Valuation, Karachi, has issued new customs values of the polyester partially oriented yarn being imported from China for the assessment of duty/taxes. According to a ruling (2026) issued by t...
» Open manholes and drains cross Karachi: Zero tolerance will be applied against responsible: Nasir Shah
05/12/25 07:49 from Business Recorder - Latest News
KARACHI: Sindh’s Minister for Local Government, Syed Nasir Hussain Shah speaking about the tragic incident at NIPA Chowrangi, said it is unfortunate that immediately after the accident all institutions were busy blaming each other. Some ...
» Pakistan, UAE agree to expand global tech partnerships
05/12/25 07:50 from Business Recorder - Latest News
ISLAMABAD: Pakistan and the United Arab Emirates have agreed to significantly expand cooperation in digital transformation, emerging technologies, and ICT innovation, marking an important development in Pakistan’s expanding global tech p...
» Floods in Sri Lanka, Indonesia, Malaysia, Thailand: NA Speaker expresses deep grief over loss of lives
05/12/25 07:52 from Business Recorder - Latest News
ISLAMABAD: National Assembly Speaker Sardar Ayaz Sadiq has expressed deep sorrow over the tragic loss of lives and widespread destruction caused by recent floods in Sri Lanka, Indonesia, Malaysia, and Thailand. In a message issued on Thu...
» Media urged to strengthen responsible reporting practices
05/12/25 08:04 from Business Recorder - Latest News
ISLAMABAD: Speakers urged the media to strengthen responsible reporting practices and adopt digital verification tools to curb the rising spread of misinformation, fake news, and harmful online content in the fast-evolving digital landsc...
» Karachi expands rickshaw ban to more 6 key roads
05/12/25 08:15 from Business Recorder - Latest News
KARACHI: Commissioner Karachi Syed Hassan Naqvi has imposed a ban on the entry of 1+2 and 1+4 rickshaws on 20 major arteries of the city, expanding restrictions to a total of 26 key roads, according to an official notification. Based on ...
» JAP moves LHC against Kite Flying Ord
05/12/25 08:17 from Business Recorder - Latest News
LAHORE: Judicial Activism Panel (JAP) has approached the Lahore High Court against the Punjab Regulation of Kite Flying Ordinance 2025, which allowed celebration of Basant festival. The petitioner through his counsel stated that the gove...
» Increase in number of dengue patients reported in government hospitals across Sindh: DG Health
05/12/25 08:21 from Business Recorder - Latest News
KARACHI: An increase in the number of dengue patients is being observed in all government hospitals across Sindh. Issuing his daily report Thursday, the Director General Health Sindh stated that new dengue cases have emerged in various h...