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Pakistan seeks Alibaba cooperation for cashless economy, SME exports
Finance Minister Muhammad Aurangzeb met Alibaba International Digital Commerce leadership in Bangkok to discuss cooperation on digital payments, e-commerce and technology, including proposals to…
Business RecorderPakistan Refinery appoints interim chairman after Kirmani steps down
Following Tariq Kirmani’s resignation , Aftab Hussain has been appointed as chairman of Pakistan Refinery Limited (PRL) on an interim basis.
Business Recorder
Govt Will Sell 9 Power Companies Without Consulting Provinces
The Privatization Division has told a Senate subcommittee that no fresh approval from the Council of Common Interests (CCI) is
ProPakistaniGovt Is Comparing Import Duties Incorrectly
Pakistan’s national tariff policy is facing questions over its claim that the country has higher import duties than regional economies,
ProPakistaniAustralian dollar stung as jobs blow slashes chance of rate rise
SYDNEY: The Australian dollar swerved lower on Thursday after a surprisingly soft jobs report led investors to scale back wagers on another rise in interest rates, fuelling a much-needed rally in…
Business RecorderJapan's Nikkei plunges as tech stocks hammered by AI, rate hike worries
TOKYO: Japan’s Nikkei share average tumbled nearly 5% on Thursday, with tech stocks hit hard by media reports about distressed debt at US cloud-computing provider CoreWeave, while hot US inflation…
Business RecorderGlobal trade fragmentation creates opportunities for Pakistan, says Aurangzeb
Pakistan sees opportunities to expand trade with regional economic blocs amid growing fragmentation in global trade, Finance Minister Muhammad Aurangzeb said, as the country seeks to diversify its…
Business RecorderUS military weighs use of ‘mother of all bombs’ in potential future strikes on Iran, CNN says
The US military has developed strike plans that could include using the GBU-43/B Massive Ordnance Air Blast Bomb, also known as the “mother of all bombs”, against Iranian energy infrastructure and…
Business RecorderIMF vows continued support for Sri Lanka
Sri Lanka’s macroeconomic situation is “much improved,” with its fiscal performance very strong and debt restructuring largely complete, Jain-Chandra said in a press conference during the IMF…
Business RecorderChina stocks fall, led by tech, as US inflation stokes Fed fears
SHANGHAI: China stocks fell on Thursday , tracking broad weakness in global markets, as technology shares led declines after stronger-than-expected US inflation data fueled concerns that interest…
Business RecorderChina's yuan gains as Fed rate caution knocks dollar from 18-month high
SHANGHAI: China’s yuan inched higher against the dollar on Thursday after the US currency slipped from an 18-month peak as Federal Reserve officials cautioned about chances for a hike in interest…
Business RecorderChicago soybeans fall on active harvests despite China buying demand
BEIJING: Chicago Board of Trade soybean futures extended a decline on Thursday as active harvesting in the US Midwest supported supplies, although losses were limited by a resumption of Chinese…
Business Recorder
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