» Indian tobacco stocks tank as government levies new tax on cigarettes
01/01/26 23:12 from Business Recorder - Latest News
Shares of Indian tobacco companies slumped on Thursday after the government imposed a new tax on cigarettes, making them costlier for an estimated 100 million smokers in the world’s most populous country. ITC, opens new tab, maker of Gol...
» Yemen’s Aden airport shuts as Saudi-UAE rift deepens
01/01/26 20:56 from Business Recorder - Latest News
DUBAI: Air traffic at Yemen’s Aden international airport was halted on Thursday as tensions persisted between Saudi Arabia and the United Arab Emirates, two Gulf powers whose rivalry is reshaping war-torn Yemen. The Saudi-backed, interna...
» India’s Vodafone Idea gets $71 million tax penalty
01/01/26 20:29 from Business Recorder - Latest News
Indian telecom operator Vodafone Idea said on Thursday it had received an order levying a penalty of 6.38 billion rupees (nearly $71 million), for alleged “short payment” of taxes. The order, issued by a goods and services tax authority,...
» India bonds little changed on first day of 2026 as demand falters
01/01/26 19:59 from Business Recorder - Latest News
MUMBAI: Indian government bonds kicked off 2026 with range-bound trades on Thursday, with traders largely staying on the sidelines, wary that a buyer-thin market may struggle to absorb upcoming debt supply. The benchmark 10-year yield cl...
» Several reported killed in Iran protests over economic woes
01/01/26 19:52 from Business Recorder - Latest News
DUBAI: Several people were killed during unrest in Iran on Thursday, an Iranian news agency and a rights group reported, as the biggest protests to hit the country for three years over soaring inflation sparked violence in several provin...
» Dar chairs meeting on ethanol blending with locally refined petrol
01/01/26 19:25 from Business Recorder - Latest News
Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar on Thursday chaired a high-level meeting to review a proposal for blending ethanol with locally produced petrol by domestic refineries. During the meeting, Chairman of...
» India expects colder January, lifting winter crop prospects
01/01/26 18:43 from Business Recorder - Latest News
MUMBAI: India is set to see below-average maximum and minimum temperatures in January, the weather office said on Thursday, raising the prospect of higher yields for key winter-sown crops such as wheat, rapeseed and chickpeas. The countr...
» PTA launches district-level internet licenses
01/01/26 18:50 from Business Recorder - Latest News
The Pakistan Telecommunication Authority (PTA) on Thursday commenced issuance of class licenses for the provision of internet services at the district level across Pakistan to promote local entrepreneurship, strengthen broadband infrastr...
» PM Shehbaz calls for accelerating oil, gas exploration to cut import bill
01/01/26 18:33 from Business Recorder - Latest News
Prime Minister Shehbaz Sharif on Thursday underscored the need to prioritise discovery of new oil and gas reserves to reduce Pakistan’s reliance on imported petroleum products and save precious foreign exchange. Chairing a high-level mee...
» Babar Azam equals Jos Buttler’s T20 fifty record
01/01/26 17:45 from Business Recorder - Latest News
Star Pakistan batter Babar Azam joined former England captain Jos Buttler in the record books, equalling his tally of 97 T20 half-centuries during the Big Bash League (BBL) 15 clash against Melbourne Renegades at Docklands Stadium on Thu...
» China’s BYD logs record EV sales in 2025
01/01/26 17:25 from Business Recorder - Latest News
BEIJING: Chinese auto giant BYD sold 2.26 million electric vehicles last year, a company statement showed Thursday, setting a new record for any firm globally. The figure puts BYD in pole position to outstrip Elon Musk’s Tesla in the ann...
» Pakistan, India exchange nuclear installation list under agreement
01/01/26 17:40 from Business Recorder - Latest News
Pakistan and India on Thursday exchanged list of nuclear installations under the Agreement on Prohibition of Attacks against Nuclear Installations and Facilities. Pakistani and Indian foreign affairs ministries confirmed the development ...
» India’s top carmakers log December sales jump as tax cuts fuel demand
01/01/26 16:40 from Business Recorder - Latest News
India’s leading carmakers reported a strong rise in December sales to dealers on Thursday, with tax cuts from earlier in the year fuelling demand into the final month of 2025. In September, India cut goods and services tax on small cars ...
» Indian rupee kicks off 2026 weaker on corporate dollar demand
01/01/26 16:35 from Business Recorder - Latest News
MUMBAI: The Indian rupee welcomed 2026 with a marginal decline, weighed down by dollar demand from corporates, while thin volumes in the first trading of the New Year curbed any major movements, according to traders. The rupee opened low...
» Indian shares start 2026 on a subdued note; auto rally offsets decline in ITC
01/01/26 16:32 from Business Recorder - Latest News
India’s equity benchmarks ended largely unchanged in the first trading session of 2026, as gains in auto stocks offset a decline in shares of cigarette-makers after the government announced a new tax. The Nifty 50 index rose 0.06% to 26,...
» Systems Limited appoints Saquib Ahmad as Global Chief Growth Officer
01/01/26 16:32 from Business Recorder - Latest News
Saquib Ahmad has assumed the role of Global Chief Growth Officer at Systems Limited, one of Pakistan’s largest software firms. In this capacity, he will focus on accelerating international growth, strengthening market presence, and advan...
» Pharma industry booms in 2025, thanks to deregulation and structural reforms
01/01/26 16:27 from Business Recorder - Latest News
Pakistan’s pharmaceutical industry is flying high in the wake of deregulation and structural reforms, which gave strength to an ailing industry that was facing shutdowns. The reforms have helped improve the domestic healthcare system by ...
» Gold price drops by Rs2,400 per tola in Pakistan
01/01/26 16:18 from Business Recorder - Latest News
Gold prices in Pakistan decreased on Thursday in line with their loss in the international market. In the local market, gold price per tola reached Rs454,562 after a decline of Rs2,400 during the day. Similarly, 10-gram gold was sold at ...
» SBP-held foreign exchange reserves reports marginal increase
01/01/26 16:16 from Business Recorder - Latest News
Pakistan’s liquid foreign exchange reserves stood at $21.012 billion as of December 26, 2025, with reserves held by the State Bank of Pakistan (SBP) accounting for $15.915 billion, according to data released by the central bank on Thursd...
» No outright sale of Roosevelt Hotel, says privatisation chief
01/01/26 16:22 from Business Recorder - Latest News
Muhammad Ali, the privatisation adviser to the prime minister, has ruled out an outright sale of the Roosevelt Hotel in New York , opting instead for a development-led privatisation strategy aimed at maximising value from the PIA asset. ...