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Gold price per tola drops Rs3,100 in Pakistan
Gold prices in Pakistan decreased on Wednesday in line with their loss in the international market.
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Aurangzeb urges microfinance sector to shift to cashflow-based lending
Finance Minister Muhammad Aurangzeb on Wednesday urged the microfinance sector to shift towards cashflow-based lending and make greater use of alternative data and digital credit scoring to expand…
Business RecorderPakistan plans tougher telecom rules, national roaming obligations for dominant operators
ISLAMABAD: The Ministry of Information Technology and Telecommunication (MoITT) has proposed a tougher competition regime for the telecom sector, empowering the regulator to impose national roaming…
Business RecorderML-1 should be financed partly through commercialisation of railway land, says PM
Prime Minister Muhammad Shehbaz construction of Main Line-1 (ML-1) should be undertaken on a commercial basis by utilising the identified lands worth billions of rupees of Pakistan Railways.
Business RecorderIndia bank liquidity surplus likely to decline by financial year-end, RBI Chief says
MUMBAI: A sharp surge in India’s banking system liquidity will not be a long-term phenomenon, with most of the funds likely to be used up by the end of the financial year through various means, the…
Business RecorderBahrain foreign minister to visit Pakistan for talks on trade, defence: FO
Bahrain’s Foreign Minister Abdullatif bin Rashid Al Zayani will visit Pakistan from October 7 to 8 for talks with Pakistani officials on strengthening bilateral ties, including trade, investment…
Business RecorderGEPCO privatisation: Lucky Cement consortium pre-qualified
A consortium comprising Lucky Cement Limited, Hub Power Holdings Limited, Kohat Cement Company Limited and Metro Ventures (Private) Limited has been pre-qualified to conduct due diligence on…
Business RecorderRBI policy verdict, guidance to drive nervous bond market traders
MUMBAI: Indian government bonds are likely to open largely unchanged on Wednesday, as markets brace for the central bank’s monetary policy decision, with an interest rate hike already priced in and…
Business RecorderAustralia, NZ dollars find some support, trend still down
SYDNEY: The Australian and New Zealand dollars steadied above multi-month lows on Wednesday as a global bond selloff paused overnight, helping risk sentiment in the absence of local data.
Business RecorderAustralian shares inch lower as banks and miners drag
Australian shares inched lower on Wednesday, as losses in banks and miners outweighed gains in gold and energy stocks, while a survey showing a sharp drop in October consumer sentiment also weighed…
Business RecorderGold edges lower with focus on Fed minutes, rate path clues
Gold prices slipped on Wednesday as investors looked to minutes from the US Federal Reserve’s September meeting for indications on whether policymakers remain inclined to raise rates further.
Business RecorderAsia shares weaker, oil up; investors weigh Saudi-Houthi escalation
SYDNEY: Asian markets were slightly weaker on Wednesday even though US stocks touched new highs, as oil prices rose with a storm heading for the Gulf of Mexico and tensions escalating between Saudi…
Business RecorderPakistan’s carbon border test
Europe’s carbon border rules do not yet cover Pakistan’s textile exports, but the country’s largest export industry is already living in their shadow.
Business RecorderDollar holds losses as markets await Fed minutes, speakers
TOKYO: The US dollar remained lower on Wednesday after stress in European bond markets abated and as eyes turned to the release of Federal Reserve minutes and speeches by its policymakers for…
Business RecorderOil prices rise as storms and air strikes threaten supply
PERTH: Oil prices rose on Wednesday as the market weighed supply constraints from a storm heading for US oil-producing regions and attacks by Yemen’s Houthis on Saudi Arabia against increased…
Business RecorderJavedan Corporation Limited
(PSX: JVDC) was incorporated in Pakistan as a public limited company in 1961.
Business RecorderYields rise, but where’s the stress?
With the monetary policy decision due in two weeks or so, secondary market yields in the money market are inching up, with 10-year bonds pricing close to 13 percent while the policy rate is at 11.5…
Business RecorderPetroleum sector: FPCCI discusses key challenges
KARACHI: Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has hosted an important meeting of its Central Standing Committee on Petroleum Products…
Business RecorderPharma listed cos: FY26 profits surge 28pc to Rs42.2bn YoY
KARACHI: Profitability of Pakistan’s listed pharmaceutical sector increased 28 percent year-on-year (YoY) to Rs42.2 billion in FY26, mainly supported by price-led growth and lower finance costs…
Business RecorderArsalan informs CAIP forum: Sindh to benefit from climate resilience, urban uplift investments
MANILA: Sukkur Mayor and Spokesperson Sindh Government Barrister Arsalan Islam Shaikh has highlighted major climate resilience, urban development and municipal investment initiatives for Sindh…
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