» Residual fuel fills Venezuela’s storage tanks as exports cut to minimum, sources say
31/12/25 23:42 from Business Recorder - Latest News
The accumulation of residual fuel inventories in Venezuela’s onshore tanks is forcing state energy company PDVSA to resort to extreme solutions to avoid shutting down refining units, as a U.S. blockade stopping tankers that are under san...
» Govt cuts petrol by Rs10.28, diesel by Rs8.57 per litre for next fortnight
31/12/25 23:11 from Business Recorder - Latest News
The federal government on Wednesday reduced the prices of petrol and high-speed diesel (HSD) for the next fortnight, effective from January 1, 2026. According to a notification issued by the Ministry of Energy (Petroleum Division), the p...
» PM Shehbaz, Saudi Crown Prince discuss regional situation, bilateral ties
31/12/25 21:44 from Business Recorder - Latest News
Prime Minister Shehbaz Sharif on Wednesday held a telephone conversation with Saudi Crown Prince and Prime Minister Mohammed bin Salman bin Abdulaziz Al Saud, during which the two leaders reaffirmed their commitment to further strengthen...
» US stocks set to close 2025 with solid gains
31/12/25 21:19 from Business Recorder - Latest News
WASHINGTON: Wall Street’s main indexes pulled back slightly on Wednesday, in a mild retreat that still sets the stage for a robust showing for all of 2025. Around 10 minutes into trading, the Dow Jones Industrial Average inched down 0.2 ...
» Saudi ambassador calls on PM Shehbaz, discusses regional developments
31/12/25 20:40 from Business Recorder - Latest News
Saudi Arabia’s Ambassador to Pakistan, Nawaf bin Saeed Ahmad Al-Malkiy, called on Prime Minister Muhammad Shehbaz Sharif at the Prime Minister House on Wednesday, reaffirming both countries’ commitment to further strengthening bilateral ...
» Oman says foreign minister met Saudi counterpart to discuss Yemen
31/12/25 19:56 from Business Recorder - Latest News
DUBAI: Oman’s foreign minister met his Saudi counterpart in Riyadh on Wednesday to discuss finding a political solution to the crisis in Yemen, Oman’s Foreign Ministry said. The meeting came a day after a Saudi-led strike on Yemen’s sout...
» Sri Lankan benchmark’s annual gains soften in third straight year of rise
31/12/25 19:40 from Business Recorder - Latest News
Sri Lanka’s benchmark stock index advanced on Wednesday to post its third consecutive year of rise, with annual gains softer on-year. The CSE All Share index .CSE rallied for the sixth straight session to end the year at 22,624.31, up 0....
» Egyptian bourse surpasses Gulf peers in 2025; oil weighs on Saudi
31/12/25 19:36 from Business Recorder - Latest News
Most Gulf stock markets closed higher on Wednesday, driven by optimism that the United Arab Emirates’ decision to withdraw its remaining troops from Yemen may help reduce regional tensions. Meanwhile, Egypt’s stock exchange outperformed ...
» Israel begins demolishing 25 residential buildings in West Bank camp
31/12/25 19:34 from Business Recorder - Latest News
NUR SHAMS: Israeli bulldozers began demolishing 25 buildings housing Palestinians in a refugee camp on Wednesday, in what the military said was an effort to root out armed groups in northern areas of the occupied West Bank. The buildings...
» Swat Serena Hotel to cease operations from Jan 1, 2026
31/12/25 21:59 from Business Recorder - Latest News
Swat Serena Hotel has announced that it will cease operations with effect from January 1, 2026, bringing to an end nearly four decades of service in the Swat Valley. In an official notice issued by the management, the hotel said it had b...
» COAS highlights Balochistan’s development, warns against external interference
31/12/25 22:55 from Business Recorder - Latest News
Field Marshal Syed Asim Munir, Chief of Army Staff and Chief of Defence Forces (COAS & CDF), on Wednesday highlighted the strategic importance of Balochistan for Pakistan’s prosperity and stressed a people-centred approach to the pro...
» Copper retreats at year-end after 2025’s record rally
31/12/25 19:14 from Business Recorder - Latest News
LONDON: Copper prices fell on Wednesday as some investors took profits in thin liquidity after a year-end rally drove the metal to a record high this week and set it on track for its biggest annual gain in 16 years. Benchmark three-month...
» Earnings, policy support set to lift Indian equities after 2025 underperformance
31/12/25 19:10 from Business Recorder - Latest News
India’s stock benchmarks are poised for stronger returns in 2026, underpinned by improving earnings outlook, steady economic growth and more reasonable valuations after lagging global peers this year. The Nifty 50 and Sensex advanced abo...
» Record central bank intervention buys Indian bonds limited relief going into 2026
31/12/25 19:05 from Business Recorder - Latest News
MUMBAI: Indian government bonds are heading into 2026 with a question mark over how much appetite there is for a ramp-up in debt supply, even after a year in which the central bank levelled the field with record purchases and 125 basis p...
» NA Speaker meets India’s Jaishankar on sidelines of Khaleda Zia’s funeral in Dhaka
31/12/25 18:15 from Business Recorder - Latest News
Speaker of the National Assembly Sardar Ayaz Sadiq met Indian External Affairs Minister S. Jaishankar on the sidelines of the state funeral of former Bangladesh prime minister Begum Khaleda Zia in Dhaka on Tuesday, marking the first nota...
» Russia will win in Ukraine, Putin says in New Year address
31/12/25 18:07 from Business Recorder - Latest News
MOSCOW: Russian President Vladimir Putin said his country believed it would win in Ukraine, where Moscow has led an almost four-year offensive, in his New Year’s Eve address on Wednesday. Putin’s traditional speech was first aired in the...
» Spinner Rashid Khan to lead Afghanistan in Twenty20 World Cup
31/12/25 17:43 from Business Recorder - Latest News
KABUL: Ace spinner Rashid Khan will lead a strong Afghanistan squad announced on Wednesday for next year’s Twenty20 World Cup. Rashid’s spin partner Mujeeb Ur Rahman and fast bowler Fazalhaq Farooqi have also been recalled to the 15-memb...
» Israel says ban on aid groups operating in Gaza to hit 37 organisations
31/12/25 17:47 from Business Recorder - Latest News
OCCUPIED JERUSALEM: Israel has said that 37 aid organisations will be banned from operating in Gaza starting on Thursday, unless they comply with its new guidelines requiring detailed information on Palestinian staff. “They refuse to pro...
» Queen Camilla describes being assaulted by man as a teenager
31/12/25 17:08 from Business Recorder - Latest News
LONDON: Britain’s Queen Camilla has described for the first time fighting off an attack by a man on a train when she was a teenager, speaking in an interview with the BBC in which she recounted how furious the assault had left her. “When...
» Pakistan economy to maintain ‘positive momentum’, LSM to recover, says Finance ministry
31/12/25 17:09 from Business Recorder - Latest News
Pakistan’s economy is projected to maintain its “positive momentum” in the coming months, driven by industrial growth, improved governance, digitalisation, and prudent macroeconomic management, the Ministry of Finance said in its Monthly...