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Deutsche Bank chief explains why German election results alarm foreign investors
On Sunday, the head of Germany’s largest bank warned that a withdrawal of international capital could be triggered by…
The News
News
Pakistan and world business news from seven outlets, one story per event. Updated just now.
Pharma Sector Records Highest-Ever Annual Profit
Pakistan’s pharmaceutical sector recorded its highest-ever annual profit of Rs. 42.2 billion in fiscal year 2026, supported by record profit
ProPakistaniSBP Governor, Deputy Governors Salaries and Benefits Skyrocket by 94%
The State Bank of Pakistan’s (SBP) Governor and three Deputy Governors received 94 percent more in combined salaries and benefits
ProPakistaniTextile Industry Asks Maryam Nawaz to Cancel New Import Tax
The All Pakistan Textile Mills Association (APTMA) has urged Punjab Chief Minister Maryam Nawaz Sharif to suspend a new 0.90
ProPakistaniUS-Iran War Drives Dagger Through Pakistan Meat Industry
The Organic Meat Company Limited (PSX: TOMCL) saw its annual profit plunge 74 percent to $405,000 in fiscal year 2026
ProPakistani
Russia's Yandex says data centre in Vladimir area shut down after drone attack
MOSCOW: Russian technology and AI company Yandex said on Sunday that its infrastructure had been damaged in a drone attack, resulting in the complete shutdown of its data centre in the Vladimir…
Business RecorderMusk vows affordable Starlink in India days before Ambani's record Jio IPO
BENGALURU: Elon Musk said he would price Starlink’s satellite internet service affordably in India to take on Mukesh Ambani’s low-cost Reliance Jio, escalating his attacks on the rival billionaire…
Business RecorderWorld Bank in talks with dozens of countries about crisis aid, Banga says
BANGKOK: The World Bank is in discussions with 30 to 40 countries about potential crisis aid to help them manage energy shocks and price increases triggered by the war in the Middle East, its…
Business Recorder
JI demands Nepra action over up to 18 hours of power load-shedding
KARACHI: Jamaat-e-Islami (JI) on Saturday demanded immediate action by the National Electric Power Regulatory Authority (Nepra) against K-Electric over prolonged loadshedding of up to 18 hours a day…
Business RecorderOn the sidelines of IPU Assembly: Senate chairman takes up trade ties with world’s parliamentary leaders
ISLAMABAD: Senate Chairman Syed Yousaf Raza Gilani held a series of high-level meetings with parliamentary leaders from Asia, Africa, Europe and Latin America on the sidelines of the 153rd Assembly…
Business RecorderPaposh Market sealed, 9 arrested for illegal parking fees
KARACHI: The Karachi administration has stepped up citywide action against encroachments, illegal parking, fire safety violations and professional begging.
Business RecorderEIB delegation visits WASA Lahore office
LAHORE: A delegation from the European Investment Bank (EIB) visited the Water and Sanitation Agency (WASA) Lahore head office on Saturday to explore strategic partnerships in urban infrastructure…
Business RecorderNo point in meeting PM unless PL abolished: Hafiz Naeem
LAHORE: Chief of Jamaat-e-Islami Hafiz Naeem Ur Rehman has said there is no point in meeting Prime Minister Shehbaz Sharif unless the government agrees to abolish the petroleum levy (PL), warning…
Business RecorderPunjab govt approves Rs500m seed money: Youth Innovation, Incubation Competition winners to receive cash prizes
LAHORE: The Punjab government has established a fund for the Centre of Excellence on Countering Violent Extremism and allocated Rs 500 million as seed money.
Business RecorderRs10bn subsidy agreed: CM orders wheat, flour supply at affordable prices
LAHORE: Expressing strong displeasure over the increase in flour prices, Chief Minister Punjab Maryam Nawaz Sharif directed the authorities concerned to ensure the availability of wheat and flour at…
Business RecorderTextile industry warns against levy on imports
LAHORE: Pakistan’s textile industry has warned the Punjab government that a new infrastructure levy on imports will drive up production costs, hurt exports and deter investment in the province.
Business Recorder3rd Chitral Expo 2026 inaugurated by commandant scouts
CHITRAL: The Trade Development Authority of Pakistan (TDAP), Peshawar in collaboration with the Chitral Chamber of Commerce & Industry (CCCI), organised the 3rd Chitral Expo 2026 at Pamir Riverside…
Business RecorderMNA pledges parliamentary support to resolve issues facing Karachi
KARACHI: Member of the National Assembly, Mirza IkhtiarBaig, has pledged coordinated parliamentary support to address Karachi’s longstanding civic and economic challenges.
Business RecorderUS jobless claims hover near 57-year low
WASHINGTON: The number of Americans filing new claims for unemployment benefits fell last week, pointing to continued labor market stability despite a sharp slowdown in job growth in September.
Business Recorder
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