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Pakistan and world business news from seven outlets, one story per event. Updated just now.
Engro Powergen Qadirpur appoints Khurram Abdullah as CEO, Athar Khwaja resigns
Engro Powergen Qadirpur Limited (EPQL), a subsidiary of Engro Energy Limited, on Tuesday has appointed Khurram Abdullah as chief executive officer with effect from October 15, replacing Athar Abrar…
Business Recorder
USF Spends Over $1 Billion on Telecom Projects in Pakistan
The Universal Service Fund (USF) has deployed more than $1 billion in contracted subsidies to expand telecom connectivity across the
ProPakistani
Pakistan to Pay Double for LNG This Winter
Pakistan’s LNG import bill is expected to reach $1.29 billion from November 2026 to February 2027 as winter demand and
ProPakistaniHong Kong dollar nears weak end of trading band, HKMA intervention looms
SHANGHAI/HONG KONG: The Hong Kong dollar edged towards the weak side of its trading band at 7.85 per US dollar on Tuesday, a level that could prompt the Hong Kong Monetary Authority (HKMA) to step…
Business RecorderExplosion heard in Ukraine's Kyiv, Reuters witness says
An explosion was heard in Ukraine’s capital of Kyiv in the early hours of Tuesday, a Reuters witness said. Russia hit at least six energy targets during airstrikes across Ukraine on Monday.
Business RecorderJapan bond yields diverge as investors weigh inflation, BOJ outlook
TOKYO: Japanese government bond (JGB) yields moved in opposite directions on Tuesday, with shorter-term yields edging higher while the long end declined as investors weighed persistent inflation…
Business RecorderSouth Korea shares tumble over 6% as chip selloff triggers trading curb
SEOUL: South Korea’s benchmark KOSPI index plunged over 6% on Tuesday, triggering a temporary trading curb, after US memory-chip maker Micron Technology fell overnight on reports of rapid tech…
Business RecorderBank of England's Greene says IMF forecasts show UK monetary policy not very restrictive
BANGKOK: The International Monetary Fund’s upward revision to its forecast for British economic growth this year adds to signs that Bank of England interest rates are not very restrictive, BoE…
Business RecorderPhilippines raises $404 million from T-bond offer
MANILA: Following are results of the Philippine Bureau of the Treasury’s auction of T-bonds on Tuesday: Partially awards 25.38 billion pesos ($404.33 million), below 35 billion pesos offer, of…
Business RecorderCement Nears Rs. 2,000 per Bag
Cement prices increased across Pakistan last week, making construction more expensive according to data released by the Pakistan Bureau of
ProPakistaniJapan's Nikkei slides as AI stocks tumble, geopolitical risks weigh
TOKYO: Japan’s Nikkei slid on Tuesday as a selloff in AI-related stocks gathered pace after weakness in US chip shares, while geopolitical tensions further dampened risk sentiment.
Business RecorderChicago soybeans extend losses as US Midwest harvest expands
JAKARTA: Chicago soybeans fell for a second straight session on Tuesday as harvest activity picked up across the US Midwest following a spell of dry weather, while traders awaited the US Department…
Business RecorderChina blue chips fall to 14-month low on tech selloff
HONG KONG: China and Hong Kong stocks fell on Tuesday as a selloff in AI-related shares swept across Asia, pushing China’s blue-chip index to its lowest in more than a year.
Business RecorderAustralia dollar finds some support in RBA hawks, kiwi totters
SYDNEY: The Australian dollar flatlined on Tuesday as a selloff in global risk assets offset a hawkish commentary from the country’s central bank, while its New Zealand counterpart touched lows last…
Business RecorderIndia bonds rise as investors see value after 10-year yield nears 7.40%
MUMBAI: Indian government bonds moved higher in early deals on Tuesday as value investors took the reins, after a near one-way upmove in yields in recent sessions, even as investors await heavy debt…
Business Recorder
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