» Zia Chishti’s finances under stress as recent US filings highlight cash crunch
18/04/26 23:57 from Business Recorder - Latest News
Recent US court filings tied to litigation between The Resource Group International Limited (TRGI) and its former CEO Zia Chishti suggest his financial position is under increasing strain, as creditors circle a shrinking and less liquid ...
» Pakistan has repaid $2bn to UAE, confirms SBP official
18/04/26 21:38 from Business Recorder - Latest News
Pakistan has repaid $2 billion to the United Arab Emirates (UAE), which was due to mature by the end of this month, a central bank official confirmed on Saturday, as the country maintains its debt obligations. The UAE had previously been...
» Iran says reviewing ‘new proposals’ from United States
18/04/26 21:52 from Business Recorder - Latest News
TEHRAN: Iran’s top national security body said Saturday that the country was reviewing “new proposals” received from the United States, even as it warned that its negotiators would cut no compromises with Washington. “In recent days, wit...
» Two Indian-flagged ships attacked while crossing Strait of Hormuz, government confirms
18/04/26 20:47 from Business Recorder - Latest News
Two Indian-flagged vessels carrying crude oil were on Saturday attacked while attempting to cross the Strait of Hormuz, India’s Ministry of External Affairs confirmed in a statement. Tehran’s ambassador to New Delhi, Mohammad Fathali, wa...
» Pakistan’s key macroeconomic indicators ‘improved faster than anticipated’, says SBP governor
18/04/26 19:54 from Business Recorder - Latest News
State Bank of Pakistan (SBP) governor Jameel Ahmad has said that Pakistan’s key macroeconomic indicators have improved faster than anticipated at the beginning of the fiscal year. The remarks come as Ahmad met with senior executives from...
» Trump says Iran cannot ‘blackmail us’ with Strait of Hormuz
18/04/26 19:26 from Business Recorder - Latest News
WASHINGTON: US President Donald Trump on Saturday warned Iran not to “blackmail” Washington with its flip-flopping on the fate of the Strait of Hormuz, after Tehran declared the strategic waterway once again closed. “We’re talking to the...
» PM Shehbaz returns to Lahore after ‘successful’ visits to Saudi Arabia, Qatar, Türkiye
18/04/26 18:59 from Business Recorder - Latest News
Prime Minister Muhammad Shehbaz Sharif has arrived in Lahore following his “successful” visits to Saudi Arabia, Qatar, and Türkiye, the PM Office said. Upon his arrival at the airport, the prime minister was received by Interior Minister...
» India approves $1.4 billion maritime insurance pool, hikes inflation-linked allowances
18/04/26 17:57 from Business Recorder - Latest News
MUMBAI: India has approved a 129.8-billion-rupee ($1.4 billion) guarantee for a maritime insurance pool, a minister said on Saturday, as wars and sanctions prompt insurers to withdraw cover, threatening trade flows. The pool will run for...
» 3.4-magnitude earthquake jolts Karachi: PMD
18/04/26 17:15 from Business Recorder - Latest News
A mild earthquake measuring 3.4 on the Richter scale struck Karachi on Saturday afternoon, the Pakistan Meteorological Department (PMD) said. According to the PMD, the tremor was recorded at 2:13pm at a depth of 10 kilometres. The epicen...
» Vessels attempting to cross Hormuz report gunfire
18/04/26 18:36 from Business Recorder - Latest News
WASHINGTON/ISLAMABAD: At least two merchant vessels reported they were hit by gunfire as they attempted to cross the Strait of Hormuz on Saturday, three maritime security and shipping sources said, shortly after Iran said it was once mor...
» Israel army says established ‘Yellow Line’ in Lebanon, as in Gaza
18/04/26 18:53 from Business Recorder - Latest News
OCCUPIED JERUSALEM: The Israeli military said Saturday it had established a “Yellow Line” demarcation in southern Lebanon, similar to the one separating its forces from territory still held by Hamas in Gaza, adding that it had already st...
» India’s HDFC Bank beats profit estimates on strong loan growth
18/04/26 15:36 from Business Recorder - Latest News
MUMBAI: India’s HDFC Bank reported a stronger-than-expected increase in fourth-quarter profit on Saturday, on a pick-up in lending to consumers but lending margins remained weak. The bank, which is reporting its first set of quarterly ea...
» Passing out ceremony of 153rd PMA Long Course held at Kakul: ISPR
18/04/26 15:33 from Business Recorder - Latest News
A passing out parade of cadets of 153rd PMA Long Course, 38th Technical Graduate Course, 72nd Integrated Course, 15th Mujahid Course and 27th Lady Cadet Course was held at Pakistan Military Academy (PMA) Kakul on Saturday. Cadets from co...
» Hajj flight operation begins from different cities
18/04/26 17:27 from Business Recorder - Latest News
Hajj flights have started departing with pilgrims from different cities of Pakistan for Saudi Arabia on Saturday. Pilgrims will be transported to the Holy Hijaz through 468 flights under the government Hajj scheme from Pakistan. As many ...
» Paramount’s CinemaCon charm offensive gets lukewarm reception
18/04/26 14:51 from Business Recorder - Latest News
LAS VEGAS: Paramount Skydance was on a charm offensive at CinemaCon this week, trying to convince theater owners that its megabucks deal to swallow Warner Bros. would be good for the industry. A glitzy promotional film narrated by Tom Cr...
» US extends sanctions waiver on purchases of Russian oil
18/04/26 14:42 from Business Recorder - Latest News
WASHINGTON: US President Donald Trump’s administration on Friday issued a month-long sanctions waiver allowing the sale of Russian oil and petroleum products that are at sea, extending an earlier move to soften surging energy prices. The...
» Gold price per tola gains Rs4,500 in Pakistan
18/04/26 17:46 from Business Recorder - Latest News
Gold prices in Pakistan increased on Saturday in line with their gain in the international market. In the local market, gold price per tola reached Rs506,062 after a gain of Rs4,500 during the day. Similarly, 10-gram gold was sold at Rs4...
» Egypt working with Pakistan on lasting US-Iran peace plan, minister says
18/04/26 14:29 from Business Recorder - Latest News
ANTALYA: Egypt is working closely with Pakistan on a framework aimed at securing a lasting peace between the US and Iran, Foreign Minister Badr Abdelatty said on Saturday. He said Egypt, Turkiye, Pakistan and Saudi Arabia were coordinati...
» India’s Yes Bank post higher profit on loan growth
18/04/26 14:16 from Business Recorder - Latest News
India’s Yes Bank reported a 44.7% rise in fourth-quarter profit on Saturday, supported by improving loan growth and stable asset quality. The private lender’s standalone net profit rose to 10.7 billion rupees for the quarter ended March ...
» French film star Nathalie Baye dead at 77: family to AFP
18/04/26 14:05 from Business Recorder - Latest News
PARIS: French film star Nathalie Baye, a multi-Cesar Award winner who starred in Steven Spielberg’s “Catch Me if You Can,” has died at the age of 77, her family told AFP on Saturday. Baye, a stalwart of French cinema, starred in some 80 ...