» India’s JSW Steel says low priced imports a concern after profit beats estimates
19/07/25 00:19 from Business Recorder - Latest News
India’s top steelmaker JSW Steel flagged concerns of cheaper steel imports on Friday after the company beat first-quarter profit estimates. Indian steelmakers have been under pressure from a surge in low-cost shipments primarily from Chi...
» Pakistan extends airspace ban on Indian aircraft until August 24
19/07/25 00:12 from Business Recorder - Latest News
Pakistan has extended the ban on the use of its airspace for Indian-registered aircraft for another month, according to a notification issued by the Pakistan Airports Authority (PAA). The restriction, which applies to all aircraft regist...
» Consensus reached on business community’s demands, says ministry
18/07/25 23:58 from Business Recorder - Latest News
The Ministry of Industries and Production announced on Friday that the government has reached a consensus with representatives of the business community on their charter of demands during a high-level meeting held at the Ministry of Fina...
» Pakistan says it held productive trade talks in Washington
19/07/25 00:48 from Business Recorder - Latest News
ISLAMABAD: Pakistan said it held productive trade talks with the U.S. in Washington on Friday to advance economic cooperation, according to a statement from the South Asian country’s finance ministry. Finance Minister Muhammad Aurangzeb ...
» Gohar says ‘essential to maintain market-based exchange rate’
18/07/25 23:14 from Business Recorder - Latest News
ISLAMABAD: The country is on track for positive economic development and growth, and any attempt to manipulate the exchange rate by any segment must be strongly resisted, as it would risk undoing three years of hard-earned economic stabi...
» India’s IndusInd Bank to consider raising funds
18/07/25 20:52 from Business Recorder - Latest News
IndusInd Bank will consider a proposal to raise funds by issuing long-term bonds at its board meeting on July 23, the Indian lender said on Friday. The board will consider issuing the bonds on a private placement basis and whether to inc...
» Hamas says no interim truce without ceasefire deal in current talks
18/07/25 20:49 from Business Recorder - Latest News
Hamas’ armed wing spokesperson said on Friday the group would not agree to an interim truce in the future if a ceasefire agreement was not reached during ongoing negotiations and accused Israel of intransigence. Hamas says Israel wants t...
» TSX flat as investors assess domestic trade updates
18/07/25 20:45 from Business Recorder - Latest News
Canada’s main stock index was subdued on Friday, with gains in utilities offsetting declines in industrials, as investors assessed domestic trade updates and data showing economic resilience. Toronto Stock Exchange’s S&P/TSX composit...
» India’s LTIMindtree aiming for near double-digit revenue growth by end of FY26
18/07/25 20:42 from Business Recorder - Latest News
BENGALURU: Indian IT services firm LTIMindtree is targeting near double-digit revenue growth by the end of fiscal 2026, its CEO said on Friday, a day after the company posted a narrow miss on first-quarter revenue. “If we can hit a run r...
» Wheat up 7-10 cents, corn up 3-6, soybeans up 8-12
18/07/25 20:34 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 Friday. Wheat - Up 7 to 10 cents per bushel Wheat futures higher on short cover...
» UK, India likely to unveil trade deal next week, including whisky, EVs, textiles, sources say
18/07/25 20:31 from Business Recorder - Latest News
NEW DELHI/LONDON: India and Britain are expected to seal a long-awaited free trade deal next week, two Indian government sources said, granting Indian textiles and electric vehicles some duty-free access to the UK market and easing Briti...
» UAE developer Arada seeks $500 million Islamic bond as construction booms
18/07/25 20:25 from Business Recorder - Latest News
DUBAI: United Arab Emirates property firm Arada Developments is seeking up to $500 million from an Islamic bond, or sukuk, two sources familiar with the matter said, as it joins other property firms tapping debt markets amid a constructi...
» Global LNG: Asian spot LNG prices decline on muted demand, high inventories
18/07/25 20:19 from Business Recorder - Latest News
LONDON: Asian spot liquefied natural gas (LNG) prices declined this week due to weaker demand and strong inventories and as buyers in south Asia found current prices too high. The average LNG price for September delivery into north-east ...
» Pakistan’s real effective exchange rate hits 21-month low in June 2025
18/07/25 20:20 from Business Recorder - Latest News
Pakistan currency hit 21-month low at the international matrix of real effective exchange rate (REER) index, depreciating 1.22% to 96.61 points in June 2025, compared to the prior month of May, according to the central bank’s data publis...
» Pakistan’s IT exports surge to all-time high of $3.8 billion in FY25
18/07/25 19:44 from Business Recorder - Latest News
Pakistan’s IT exports continued their strong growth trajectory, reaching a record high of $3.8 billion in the financial year 2024-25, driven by innovation and quality service delivery. According to the State Bank of Pakistan (SBP), expor...
» India’s Reliance quarterly profit surges 78%, tops view
18/07/25 19:42 from Business Recorder - Latest News
Indian billionaire Mukesh Ambani’s Reliance Industries beat estimates for quarterly profit on Friday, powered by strong growth in its energy, retail and digital services businesses. India needs to boost its petrochemical output to counte...
» Pakistan sweep India 3-0 to reach Asian U-16 volleyball championship final
18/07/25 19:13 from Business Recorder - Latest News
Pakistan’s U-16 men’s volleyball team continued its remarkable unbeaten run at the 2nd Asian Men’s U-16 Volleyball Championship in Thailand by defeating arch-rivals India in straight sets to secure a place in the final. In the semi-final...
» At least 109 killed in Punjab monsoon rains since June 25
18/07/25 18:45 from Business Recorder - Latest News
At least 109 people have died since June 25 across Punjab, in rain-related incidents, Rescue 1122 Punjab said on Friday, as ongoing monsoon downpours have wreaked havoc in the region. Amid the critical rain situation, 15,000 rescuers and...
» Pakistan rejects ‘TRF-LeT’ link after US terror designation, calls for objective global CT approach
18/07/25 22:02 from Business Recorder - Latest News
Pakistan on Friday rejected the alleged link between the banned Lashkar-e-Taiba (LeT) and The Resistance Front (TRF), recently designated by the United States as a foreign terrorist organisation. In a statement issued by the Foreign Offi...
» India’s Bandhan Bank quarterly profit slumps on higher bad loan provisions
18/07/25 18:01 from Business Recorder - Latest News
Indian private lender Bandhan Bank reported a steeper-than-expected 65% drop in first-quarter profit on Friday, hit by a spike in bad loan provisions as its asset quality worsened. Profit for the quarter ended June fell to 3.72 billion r...