» Fed holds rates steady, sees ‘elevated’ inflation and stabilizing job market
29/01/26 01:24 from Business Recorder - Latest News
WASHINGTON: The U.S. Federal Reserve held interest rates steady on Wednesday, citing still-elevated inflation alongside solid economic growth, and giving little indication in its latest policy statement of when borrowing costs might fall...
» Pakistan issues high alert over Nipah virus outbreak in India
28/01/26 23:59 from Business Recorder - Latest News
The Ministry of National Health Services has issued a nationwide high alert following reports of a Nipah virus outbreak in India, ordering strict screening of all incoming passengers at airports, seaports and land border crossings, Aaj N...
» Ukraine urges EU to take action against Russian ‘shadow fleet’
28/01/26 23:34 from Business Recorder - Latest News
BERLIN: Ukraine on Wednesday urged the European Union not to be afraid of taking “physical” action against Russia’s “shadow fleet”, pointing to the example of Venezuela-linked oil tankers seized by the United States. Visiting Berlin, the...
» Pakistan, China launch e-mining platform
28/01/26 22:28 from Business Recorder - Latest News
Pakistan and China launched on Wednesday an e-mining platform aimed at improving information sharing, project connectivity, and cooperation between Pakistani authorities, Chinese enterprises, according to a statement from the Petroleum D...
» India to slash tariffs on high-end EU cars to 30% in boost for luxury carmakers
28/01/26 21:13 from Business Recorder - Latest News
NEW DELHI: India will immediately slash duties on high-end European cars to 30% from as high as 110% under its new trade deal with the EU, an official said, opening the tightly controlled market to luxury carmakers like BMW and Mercedes-...
» Jason Gillespie appointed Hyderabad head coach for PSL 11
28/01/26 20:08 from Business Recorder - Latest News
Former Australia fast bowler Jason Gillespie has been appointed head coach of Hyderabad for the upcoming season of the HBL Pakistan Super League (PSL), the franchise announced on social media on Wednesday. “Vision clear. Direction locked...
» Govt reviewing measures to ease cost burden on exporters, Aurangzeb says
28/01/26 20:04 from Business Recorder - Latest News
Finance Minister Muhammad Aurangzeb said on Wednesday the government was reviewing cost-of-doing-business challenges faced by export-oriented industries. The finance minister said this in a meeting with a delegation of the All Pakistan T...
» Dr Kabir Ahmed Sidhu assumes charge as SECP chairman
28/01/26 19:54 from Business Recorder - Latest News
Dr Kabir Ahmed Sidhu has formally assumed charge as Chairman of the Securities and Exchange Commission of Pakistan (SECP), the commission said on Wednesday. Before joining SECP, Dr Sidhu served as Chairman of the Competition Commission o...
» FBR to keep all field offices open on Saturday to facilitate taxpayers
28/01/26 19:07 from Business Recorder - Latest News
The Federal Board of Revenue (FBR) has announced that all its field formations, including Large Taxpayer Offices (LTOs), Medium Taxpayer Offices (MTOs), Corporate Tax Offices (CTOs) and Regional Tax Offices (RTOs), will remain open on Sa...
» Copper and aluminium climb as weak dollar extends metals rally
28/01/26 18:35 from Business Recorder - Latest News
LONDON: Copper moved higher on Wednesday while aluminium and zinc notched multi-year highs after the U.S. dollar slid to a four-year low and investors continued to pile in with bullish bets on industrial metals. Benchmark three-month cop...
» Most Gulf bourses gain on earnings, oil
28/01/26 18:28 from Business Recorder - Latest News
Most Gulf stock markets closed higher on Wednesday as investors focused on corporate earnings and firmer oil prices, while the Egyptian stock exchange snapped a nine-day winning streak. Saudi Arabia’s benchmark index gained 0.7%, with oi...
» Sri Lankan shares end slightly up as real estate stocks rise
28/01/26 18:25 from Business Recorder - Latest News
Sri Lankan shares closed marginally higher on Wednesday, as gains in real estate and health care sectors offset losses in IT stocks. The CSE All-Share index settled 0.13% higher at 23,992.11 points. Sri Lanka’s central bank kept its over...
» China and EU are partners not rivals, Chinese foreign minister says
28/01/26 18:17 from Business Recorder - Latest News
BEIJING: China’s foreign minister said China and the European Union were partners and not rivals in a phone call with the French president’s diplomatic adviser on Wednesday, China’s state-run news agency Xinhua reported. Japan threatenin...
» India bonds rise as RBI moves up debt-buy plan; budget key
28/01/26 18:11 from Business Recorder - Latest News
MUMBAI: Indian government bonds ended higher on Wednesday, recovering from two days of losses, after the central bank brought forward its debt purchases by a week, signalling to the market it wants to cap the recent climb in yields. The ...
» Adani Airports urges India to relax seat caps on foreign airlines
28/01/26 18:06 from Business Recorder - Latest News
HYDERABAD: Adani Airports on Wednesday urged India to ease limits on how many seats foreign airlines can sell on flights to and from the country, saying the curbs are holding back its ambition to become a global aviation hub. The limits,...
» Trump tells Iran to make nuclear deal or next attack will be ‘far worse’
28/01/26 19:37 from Business Recorder - Latest News
WASHINGTON: US President Donald Trump urged Iran on Wednesday to come to the table and make a deal on nuclear weapons or the next US attack would be far worse, but Tehran said that if that happened it would fight back as never before. “H...
» Amazon axes 16,000 jobs as it pushes AI and efficiency
28/01/26 17:53 from Business Recorder - Latest News
Amazon confirmed 16,000 corporate job cuts on Wednesday, completing a plan for around 30,000 since October, while leaving open the possibility of further reductions. Reuters first reported last week that Amazon was planning a second roun...
» Agha calls for focus beyond Babar Azam ahead of T20I series
28/01/26 17:47 from Business Recorder - Latest News
Pakistan’s T20I captain Salman Ali Agha on Wednesday urged a shift in focus from individual stars to collective performance as the national side prepares to face Australia in a three-match T20I series in Lahore. Speaking at a pre-series ...
» Palm ends higher on stronger soyoil and palm olein
28/01/26 16:47 from Business Recorder - Latest News
JAKARTA: Malaysian palm oil futures closed higher for a third straight session on Wednesday, supported by firm Chicago soyoil and Dalian palm olein and soyoil futures, although a stronger ringgit capped further gains. The benchmark palm ...
» Indian rupee lags Asian peers as NDF maturities, month-end dollar bids pinch
28/01/26 16:41 from Business Recorder - Latest News
MUMBAI: The Indian rupee closed marginally weaker on Wednesday, lagging Asian peers, on dollar demand linked to maturing non-deliverable forwards positions and month-end importer demand, while positive cues from a broad-based decline in ...