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Copper rallies on mine supply fears, China's return from holiday
SINGAPORE: Copper prices gained on Thursday , supported by expectations of Chinese restocking after the National Day holiday and concerns about supply from key mines.
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QatarEnergy offers naphtha for loading inside Hormuz via tender, traders say
NEW DELHI: QatarEnergy has issued a spot tender offering up to 50,000 metric tons of naphtha on a free-on-board basis from Ras Laffan port inside the Strait of Hormuz , multiple traders who…
Business RecorderBank of Japan upgrades economic view for 2 of 9 regions
TOKYO: The Bank of Japan on Thursday raised its economic assessment for two of the country’s nine regions and said robust AI-related demand was underpinning output.
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Indian rupee risks more losses after post-RBI policy slide, higher oil adds to woes
MUMBAI: The Indian rupee’s drop after a Reserve Bank of India rate hike and stance change on Wednesday that some economists said was hawkish has left the currency vulnerable to further losses, with…
Business RecorderIndian shares poised for muted start, TCS kicks off earnings season
Indian shares were likely to open slightly lower on Thursday , extending losses from the previous session after the central bank delivered a hawkish rate hike, while rising oil prices added to…
Business RecorderGold prices recover from two-month low as dollar rally stalls
Gold prices edged higher on Thursday as the dollar eased from an 18-month peak, helping bullion recover from a two-month low, while traders weighed the prospect of another US Federal Reserve rate…
Business Recorder- IMFUpdated
IMF, Pakistan reach staff-level agreement on EFF, RSF reviews
The International Monetary Fund (IMF) staff and Pakistan have reached a staff-level agreement on the fourth review of the $7-billion Extended Fund Facility (EFF) and the third review of the…
Business Recorder Rs11.56m fines imposed for overcharging, hoarding
LAHORE: The Punjab Food Safety and Consumer Protection Department and its price control magistrates conducted 433,511 inspections across Punjab during the last one week in a bid to nab the…
Business RecorderTrade among Islamic nations must become key focus: TDAP chief
KARACHI: Chief Executive of the Trade Development Authority of Pakistan (TDAP) Saqib Chadhar has said the government will fully support economic cooperation among Muslim countries, stressing that…
Business RecorderPPP’s Farooq Naek resigns from JCP
ISLAMABAD: Senator Farooq H Naek resigned as a member of the Judicial Commission of Pakistan (JCP) on Wednesday.
Business RecorderAsia shares subdued, bonds swamped by AI debt wave
SYDNEY: Asian shares slipped on Thursday as strains in sovereign bond markets were aggravated by reports some major tech companies were seeking to raise billions in debt in direct competition for…
Business RecorderDollar edges back from 18-month high after FOMC minutes
SINGAPORE: The dollar held near its strongest level in a year-and-a-half in subdued trading at the start of the Asian session on Thursday, after hawkish minutes from the Federal Open Market…
Business RecorderMariam Kayani made adviser to IMF ED
ISLAMABAD: The government on Wednesday appointed Mariam Kayani, a BPS-20 officer of Pakistan Administrative Service (PAS), as adviser to the executive director (ED) of the International Monetary…
Business RecorderUnrecovered VAT can push input cost up by 8.9pc: IMF study
ISLAMABAD: The International Monetary Fund (IMF) has highlighted significant distortions in tax systems that affect key economic decisions, noting that unrecovered value-added tax (VAT) can raise…
Business RecorderFBR imposes new conditions on units seeking tax credit
ISLAMABAD: The Federal Board of Revenue (FBR) on Wednesday imposed new conditions and restrictions on units intended to claim tax credit for integration with the Board’s systems, according to a…
Business RecorderPower sector: Govt has moved to overhaul regulatory regime: Aurangzeb
ISLAMABAD: The government has moved to overhaul the power sector regulatory regime amid growing solarisation, falling grid demand and mounting legacy capacity obligations, with Finance Minister…
Business RecorderSMEs digital portal launch likely by Nov-end
ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday ordered the launch of a digital portal for small and medium-sized enterprises (SMEs) by November end to facilitate access to bank financing and…
Business RecorderRs2trn target set for SME financing
ISLAMABAD: The government has set an ambitious target to nearly double SME financing to Rs2 trillion and increase the number of potential borrowers to 775,000 by June 2028, as the Finance Ministry…
Business RecorderCotton output target for Kharif missed
ISLAMABAD: The country has missed the cotton production target for the Kharif 2026-27 season, as the estimated production of the commodity is 6.7 million bales from an area of 1.75 million hectares…
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