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Fitch says Saudi Arabia's 2027 pre-budget statement flags Iran war fiscal pressures
Ratings agency Fitch said Saudi Arabia’s 2027 pre-budget statement highlighted the fiscal pressures from the US-Iran war, with the government projecting higher spending and wider budget deficits.
Business Recorder


India's sunflower oil imports hit four-year low on Black Sea disruption; palm oil rises
MUMBAI: Indian sunflower oil imports fell in September to their lowest level in more than four years after the Ukraine war disrupted shipments, prompting refiners to increase palm oil purchases to…
Business Recorder



Saudi Arabia to cancel Joy Awards, its answer to the Grammys, amid budget cuts, sources say
Saudi Arabia is set to cancel next year’s Joy Awards, its star-studded answer to the Oscars or the Grammys, as financial strain and the Iran war hit the country’s nascent entertainment sector, two…
Business Recorder




Pakistan-IMF Review Talks to Conclude This Week for 5th Loan Tranche
Pakistan and the International Monetary Fund (IMF) are expected to conclude review talks this week for the release of the
ProPakistani
FBR Gets Power to Check Your Wealth
The Federal Board of Revenue (FBR) has been empowered to require individuals to submit detailed wealth statements for Tax Year
ProPakistani

Fake Firms Imported 71,815 Routers Worth Rs. 3.2 Billion in Money Laundering Scheme
The Collectorate of Customs Airport Karachi has uncovered imports worth Rs. 3.2 billion allegedly carried out through two fake companies
ProPakistani

Stocks upbeat, dollar wobbles as Fed hike bets recede
SINGAPORE: Stocks were off to a strong start on Monday while the dollar edged lower and bonds steadied , as investors trimmed bets on an aggressive policy tightening cycle by the Federal Reserve…
Business Recorder
Middle East crude oil exports exceed pre-war levels but tanker attacks increase
SINGAPORE: Crude oil exports from the Middle East rose above pre-war levels in four of the seven days of the final week of September, shipping data showed on Monday, despite attacks on vessels…
Business Recorder
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