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ECC Announces Big Payout for Dismissed Utility Stores Workers
The Economic Coordination Committee (ECC) has approved the release of Rs. 11.3 billion to clear the outstanding dues of employees
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Pakistan and world business news from seven outlets, one story per event. Updated just now.
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Most 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'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 RecorderKissan Gudam & aik by BankIslami Launch KissanPay, Pakistan’s First Shariah-Compliant Agri-Fintech Platform
KissanPay, a Shariah-compliant agri-fintech platform by Kissan Gudam and aik by BankIslami, was inaugurated at the Pakistan Agriculture Connections Expo
ProPakistaniOil Jumps Back Above $105 Yet Again
Oil prices jumped around 5 percent on Thursday. Brent crude rose 4.81 percent from Wednesday’s close to $105.02 per barrel,
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Palm 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
Coupang files lawsuits to contest record $462 million South Korean data breach penalties
E-commerce giant Coupang has filed administrative lawsuits challenging South Korean regulatory penalties stemming from a massive data breachCoupang said on Thursday it has filed two administrative…
The NewsEuropean 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 RecorderFBR Threatens Rs. 150,000 Fine for Traders to Save Flopped Tax Scheme
The Federal Board of Revenue (FBR) plans to impose penalties of up to Rs. 150,000 on non-compliant traders who fail
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