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Pakistan and world business news from seven outlets, one story per event. Updated just now.
Finance ministry says Rs10.1trn SOE debt is not fresh bank borrowing
The Finance Division on Thursday rejected a media report on the debt of state-owned enterprises (SOEs), saying it compared two datasets that are not on a like-for-like basis and could create the…
Business Recorder‘Asian Experience Awards’: JS Bank recognised with best digital experience
KARACHI: JS Bank has been recognized with the Best Digital Experience in Pakistan award at the Asian Experience Awards 2026, organised by Singapore-based Asian Business Review.
Business RecorderPakistan rejects NYT report on PAF jets in Saudi operation against Houthis
Pakistan has rejected a New York Times report claiming that Pakistan Air Force (PAF) jets took part in an operation launched by Saudi forces against the Houthis.
Business RecorderWall St slips as higher yields and oil prices flag inflation risk
US stocks edged lower on Thursday as soaring oil prices and Treasury yields near multi-year highs stoked inflation worries on the cusp of a critical earnings season expected to test recent market…
Business RecorderMost Gulf bourses end lower as Hormuz attacks hit wartime peak
Most Gulf stock markets closed lower on Thursday as tanker attacks in the Strait of Hormuz hit a wartime high, deadly strikes on Saudi airports widened the conflict and stalled US-Iran diplomacy…
Business RecorderIndia 10-year yield hits Dec 2023 peak as US debt rout, oil spike hurt
MUMBAI: Indian government bonds were pummelled by an intensifying US debt rout and surging oil prices on Thursday, which compounded pain from the Reserve Bank of India’s first rate hike since…
Business RecorderIndia's TCS marginally beats second-quarter revenue view as AI demand grows
Tata Consultancy Services reported September-quarter revenue that slightly beat expectations on Thursday, as AI-led demand and growth in its banking vertical helped India’s largest software services…
Business RecorderIndia eases punitive rules under GST regime
MUMBAI: India’s Goods and Services Tax Council, a body of federal and state government officials, made a series of changes to rules on Thursday, limiting punitive powers of tax officials in cases of…
Business RecorderHDFC's next CEO set to be India's highest-paid bank chief
MUMBAI: HDFC Bank chief Anup Bagchi will be India’s highest-paid bank CEO when he takes charge at the end of October, with an annual compensation of about $3.7 million, regulatory disclosures showed.
Business RecorderPakistan, Bahrain agree to operationalise joint working groups, expand trade ties
Pakistan and Bahrain have agreed to strengthen the institutional framework of their bilateral relationship by operationalising joint working groups, Foreign Minister Ishaq Dar said on Thursday.
Business RecorderGenre-defying Canadian poet Anne Carson wins 2026 Nobel Prize in Literature
STOCKHOLM: Canadian poet and writer Anne Carson won the 2026 Nobel Prize in Literature “for her bold and inventive oeuvre that, in playful dialogue with the classical tradition, has created new…
Business RecorderPalm climbs over 3% on Indian demand, duty waiver expectations
KUALA LUMPUR: Malaysian palm oil futures climbed more than 3% on Thursday, recovering from two straight sessions of losses, as robust demand from top buyer India outweighed concerns over rising…
Business RecorderIndia rate hike will not stem outflows, leaving central bank in a bind
MUMBAI: India’s first rate hike in four years is unlikely to slow or reverse record high capital outflows, leaving the central bank battling the vicious cycle of a weakening currency and higher…
Business RecorderIndia's Sensex slumps to 32-month low on oil surge, foreign exodus
India’s benchmark Sensex slumped to its lowest in 32 months on Thursday as surging oil prices, rising global bond yields and a weaker rupee heightened inflation concerns, adding to pressure from the…
Business Recorder- Gold & silverUpdated
Gold price increase by Rs600 per tola in Pakistan
Gold prices in Pakistan increased on Thursday in line with their gain in the international market. In the local market, gold price per tola reached Rs435,036 after a gain of Rs600 during the day.
Business Recorder Govt says World Bank poverty figures reflect regional reclassification
The government on Thursday said that the World Bank’s finding that the country accounts for nearly half of the extreme poor in its newly defined Middle East, North Africa, Afghanistan and Pakistan…
Business RecorderEuropean shares dip as banks hit over 3-month low, oil prices weigh
European shares fell on Thursday as banks slid to a more than three-month low, while a fresh bond selloff and elevated oil prices stoked fears that higher inflation could hurt economic growth.
Business RecorderPakistan expects early EV target amid oil price surge: report
Amid the growing popularity of electric vehicles (EVs), Pakistan expects to reach its EV adoption target ahead of schedule as consumers increasingly switch from petrol- or diesel-powered cars.
Business RecorderSouth Korea shares on track for second weekly decline as chipmakers drag
SEOUL: Round-up of South Korean financial markets: South Korean shares fell on Thursday and were headed for a second weekly loss in a holiday-shortened week, hurt by weakness in chipmakers and…
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