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Palm slips over 1% after no duty waiver but still log weekly gain
KUALA LUMPUR: Malaysian palm oil futures slipped more than 1% on Friday, after the government did not announce an expected export duty waiver in its Budget, though the contract still posted its…
Business RecorderIndia rupee posts weekly fall despite rate hike amid adverse flows, weak sentiment
MUMBAI: The Indian rupee ended flat on Friday but declined in a week in which the Reserve Bank of India delivered its first rate hike in nearly four years that did little to help the Asian currency…
Business Recorder
FBR proposes expanding tax rules from YouTube to all social media platforms
ISLAMABAD: The Federal Board of Revenue (FBR) has proposed expanding the scope of income tax rules from YouTube to all social media platforms, potentially bringing a wider range of online content…
Business Recorder
FBR Launches New Media Unit to Improve Its Public Image
The Federal Board of Revenue (FBR) has constituted a Media Coordination Unit (MCU) to coordinate, oversee, and implement the tax
ProPakistaniPoland may need rate hike in November, central banker says
WARSAW: Polish central banker Ludwik Kotecki said if inflation projections do not show CPI returning close to 2.5% by the end of 2027 or start of 2028, then a 25-basis-point rate hike would be…
Business RecorderUS 10-year Treasury yield risks hitting 6% for first time since 2000, Pimco's Ivascyn tells FT
The benchmark 10-year US Treasury yield could rise to 6% for the first time since 2000 as high oil prices fuel inflation concerns and worries over the country’s growing public debt, Dan Ivascyn…
Business RecorderGovt calls for wider export credit protection, financing access for small exporters
Federal Minister for Commerce Jam Kamal Khan has called for wider access to export credit insurance and financing to help Pakistani exporters enter new markets, manage payment risks and expand their…
Business RecorderPrices of Imported Tyres and Bike Parts Set to Rise
The government has raised additional customs duties on imported tyres and motorcycle parts manufactured locally to protect domestic manufacturers, while
ProPakistaniChina to resume October fuel exports after a brief halt, four trade sources say
SINGAPORE: China is set to resume October refined fuel exports after a brief halt during its Golden Week holiday, a move that will help ease tight global diesel, gasolineand jet fuel markets, four…
Business Recorder
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