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Pakistan and world business news from seven outlets, one story per event. Updated just now.
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Aurangzeb meets IMF chief, briefs investors on Pakistan’s economy
Finance Minister Muhammad Aurangzeb met International Monetary Fund (IMF) Managing Director Kristalina Georgieva and briefed international investors on Pakistan’s economic stabilisation, fiscal…
Business Recorder
Gold rebounds from one-week low as dollar slips
Gold rose more than 1% on Thursday , rebounding from a one-week low hit in the previous session as the US dollar eased, while investors assessed the likelihood of a Federal Reserve interest rate…
Business Recorder
UK finance minister calls for tighter Russian shipping sanctions
BANGKOK: British finance minister John Healey called on other nations to tighten sanctions on Russia-linked shipping, as he prepared to meet his foreign counterparts at the International Monetary…
Business Recorder

UBS weighs moving headquarters from Switzerland if capital rules tighten, WSJ reports
UBS is preparing contingency plans that could include moving its headquarters out of Switzerland if lawmakers tighten the bank’s capital requirements, the Wall Street Journal reported on…
Business Recorder
Indian rupee to rise after US yields reverse inflation-led spike, Fed hike bets remain low
MUMBAI: The Indian rupee is likely to rise at the open on Thursday , boosted by the pullback in US Treasury yields after an initial rise on sticky inflation data, with traders still pricing in…
Business Recorder
Indian shares set to open lower as hot US inflation raises rate worries
Indian shares are set to open lower on Thursday , tracking Asian peers as a quicker-than-expected increase in US consumer price inflation raised expectations of another rate hike by the Federal…
Business Recorder
Dollar retreats from 18-month high despite hot CPI as Fed officials temper hike bets
HONG KONG: The dollar slipped from an 18-month peak on Thursday despite hotter-than-expected inflation data, as cautious remarks from Federal Reserve officials and a pullback in Treasury yields led…
Business Recorder
SECP approves establishment of Corporate Intelligence Unit
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has approved the establishment of a Corporate Intelligence Unit (CIU) to proactively identify registered companies suspected of…
Business Recorder
‘Punjab ready to assist any other province in need of support’
LAHORE: Punjab Minister for Information and Culture Azma Bokhari has said that every news report and propaganda campaign by a particular political party is based on falsehoods and aimed at earning…
Business Recorder

Allocation of functions: PPMC-NGC dispute again lands on power regulator’s table
ISLAMABAD: A brawl between Power Planning and Monitoring Company (PPMC) officially “unregistered” entity of Power Division and National Grid Company (erstwhile NTDC) over “institutional allocation…
Business Recorder
Aurangzeb speaks of fiscal prudence
ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Wednesday said Pakistan’s fiscal deficit had declined to 2.6 percent of GDP from a peak of 12.5 percent, while tax…
Business Recorder
Over USD5bn annual exports targeted: AsiaPak seeks govt help for aluminium smelter at PQ
ISLAMABAD: AsiaPak Investments Limited has sought the government’s support for a proposed export-oriented aluminium smelter in the Port Qasim industrial area, targeting annual exports of more than…
Business Recorder
Aurangzeb urges IFIs to align financing terms with improved ratings
ISLAMABAD: Finance Minister Muhammad Aurangzeb on Wednesday urged international financial institutions to align financing terms with Pakistan’s improved sovereign ratings and expanding access to…
Business Recorder
Farmers, small businesses and homeowners: PM orders banks to expand lending
ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday directed banks to expand lending to farmers, small businesses and prospective homeowners, calling for improved access to finance in three…
Business Recorder
Low-income, vulnerable states: IMF urges members to stock up funds
BANGKOK: IMF chief Kristalina Georgieva on Wednesday warned that current economic developments and the rapid advance of AI threaten to deepen the gulf between advanced and developing economies…
Business Recorder
DISCOs tariffs: Export industries oppose proposed hike
ISLAMABAD: Export-oriented industries have strongly opposed proposed increases of 5 to 10 percent in electricity tariffs by power distribution companies (DISCOs), warning that higher energy costs…
Business Recorder
Investment conference: Saudi Arabia offers alternative travel routes
RIYADH: Saudi Arabia plans to move ahead with a major investment conference in Riyadh despite Houthi attacks on the kingdom, offering on-site and virtual attendance as well as alternative air and…
Business Recorder
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