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Pakistan 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 Recorder
FBR 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
ProPakistaniSouth 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…
Business Recorder
Pakistan to receive Qatari LNG cargo within 3-5 days
A representational image of LNG cargo. — Reuters/FileExtended Qatar force majeure could worsen LNG supply in Pakistan.Country faces tighter gas availability if supplies remain disrupted.Winter…
Geo NewsJapan shares extend losses as rate uncertainty, geopolitical woes curb appetite
TOKYO: Japanese shares fell roughly 1% on Thursday , down for a second consecutive session, as investors paused after recent rallies, wary of the US rate outlook and geopolitical tensions.
Business RecorderAustralia, NZ dollars on defensive as spreads shrink
SYDNEY: The Australian and New Zealand dollars were back on the defensive on Thursday as jitters in European debt markets benefited the super-liquid greenback most, while adding to pressure on local…
Business RecorderPalm rises about 2% on India demand hopes, stronger crude, Dalian
KUALA LUMPUR: Malaysian palm oil futures rosenearly 2% on Thursday, after two consecutive losses, as expectations of increased Indian purchases, stronger crude oil prices, and firmer rival Dalian…
Business RecorderSoybeans, corn rebound on higher oil prices; US harvest caps upside
SINGAPORE: Chicago soybeans and corn firmed on Thursday, recouping some of the previous session’s losses as higher oil prices and positioning ahead of a monthly agricultural supply-demand report…
Business RecorderYuan steady despite dollar strength during China's Golden Week holiday
SHANGHAI: China’s onshore yuan was steady on Thursday as mainland markets reopened after a week-long holiday during which the Chinese currency strengthened offshore despite a strong dollar.
Business RecorderIndia's central bank likely intervened near open to support rupee, traders say
MUMBAI: The Reserve Bank of India likely sold dollars near the market open on Thursday to support the rupee, four traders said, with the currency within striking distance of its all-time low.
Business RecorderMSC restores Karachi-Europe shipping link amid exporter concerns over freight costs
Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry on Thursday said that direct shipping connectivity between Karachi and major European ports had been restored, providing relief…
Business RecorderCopper rallies on mine supply fears, China's return from holiday
SINGAPORE: Copper prices gained on Thursday , supported by expectations of Chinese restocking after the National Day holiday and concerns about supply from key mines.
Business RecorderQatarEnergy offers naphtha for loading inside Hormuz via tender, traders say
NEW DELHI: QatarEnergy has issued a spot tender offering up to 50,000 metric tons of naphtha on a free-on-board basis from Ras Laffan port inside the Strait of Hormuz , multiple traders who…
Business RecorderBank of Japan upgrades economic view for 2 of 9 regions
TOKYO: The Bank of Japan on Thursday raised its economic assessment for two of the country’s nine regions and said robust AI-related demand was underpinning output.
Business Recorder
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