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KPEZDMC, IMSciences ink MoU
PESHAWAR: Khyber Pakhtunkhwa Economic Zones Development and Management Company (KPEZDMC) and the Centre of Excellence (CoE) for Hi-Tech and Digital Skills at the Institute of Management Sciences…
Business Recorder
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Pakistan and world business news from seven outlets, one story per event. Updated 1m ago.
CM Afridi shares 7-point negotiations draft as govt disputes document
Khyber Pakhtunkhwa Chief Minister Sohail Afridi has said the demands presented by his side during negotiations with the federal government were neither unconstitutional nor illegal, while Interior…
Business RecorderSouth Korean president orders probe into data leaks across financial industry
SEOUL: South Korean President Lee Jae Myung ordered a thorough investigation and response measures over recent personal data leak incidents at banks, finance companies and public agencies, Seoul’s…
Business RecorderRenault to invest over €10 billion in France in EVs, affordable cars, CEO says
PARIS: Renault Group will invest more than €10 billion ($11 billion) in France over the next five years in electric vehicles and more affordable cars, Chief Executive François Provost said on…
Business RecorderOpenAI safety employee quits, says 'time for trial and error is over'
A former OpenAI safety employee who recently resigned criticized the company’s approach to AI safety, arguing that a fast-paced culture focused on rapid development increases the risk of failures.
Business Recorder325 million barrels of oil from strategic reserves released: IEA
PARIS: The International Energy Agency said Saturday that member countries had so far released 325 million barrels of oil and oil-derivative products from strategic reserves, from 400 million…
Business RecorderOil prices drop as Europe agrees to release diesel reserves
HOUSTON: Oil prices fell $2 after European leaders agreed on Friday to a request by US President Donald Trump to release diesel from their reserves to lower prices and reduce the need to import fuel…
Business RecorderRupee records gain against US dollar
The Pakistani rupee extended its marginal gains against the US dollar, appreciating 0.01% in the inter-bank market on Friday.
Business RecorderGold price per tola gains Rs2,000 in Pakistan
Gold prices in Pakistan increased on Friday in line with their gain in the international market. In the local market, gold price per tola reached Rs440,636 after a gain of Rs2,000 during the day.
Business RecorderUAE stocks fall as US-Iran deadlock weighs
United Arab Emirates stock markets closed lower on Friday as a stalemate in US-Iran negotiations dampened risk appetite and unsettled energy markets.
Business RecorderPSX: KSE-100 settles nearly 500 points lower
A volatile trading session was observed at the Pakistan Stock Exchange (PSX) as investors remained cautious amid reports that the US was sending more troops and carriers to the Middle East, with the…
Business RecorderSri Lankan shares close lower
Sri Lankan shares closed lower on Friday, and slipped for the week. The CSE All Share index settled down 0.33% at 20,812.64, and fell 1.07% over the week.
Business RecorderCopper crawls higher on softer dollar, but investors wary about demand
LONDON: Copper prices edged higher on Friday, supported by a weaker dollar and supply issues, but gains were modest due to worries about high oil prices hitting demand.
Business RecorderSECP proposes accreditation framework for insolvency professionals
The Securities and Exchange Commission of Pakistan (SECP) has sought public comments on a proposed accreditation framework for official liquidators, provisional managers and insolvency experts.
Business RecorderPACE to invest Rs1.5bn in Ever Green Water Valley
Pace (Pakistan) Limited (PACE) has announced that its board of directors has approved an equity investment of up to Rs1.5 billion in associated company Ever Green Water Valley (Pvt.) Ltd.
Business RecorderWorld Bank proposes export-finance products for Pakistan’s EXIM Bank
The World Bank has proposed developing export-finance products for the Export-Import Bank of Pakistan (EXIM Bank) to support incremental trade flows, as the government and global lender reviewed…
Business RecorderAustralian shares rebound from three-month low, remain on track for weekly loss
Australian shares rose on Friday, recovering from a more than three-month low hit in the previous session as banks, energy stocks and easing bond yields lifted the benchmark, although it remained on…
Business RecorderAustralia, New Zealand dollars at multi-month lows as yields buffers shrink
SYDNEY: The Australian and New Zealand dollars were pinned around multi-month lows on Friday as the greenback extended its bull run through major chart levels, while bonds found some relief from a…
Business RecorderJapan's Nikkei retreats from 6-week high as investors lock in gains
TOKYO: Japan’s Nikkei 225 retreated from a 6-week high on Friday as investors locked in gains and turned cautious over the outlook for interest rates, inflation, and geopolitical risks.
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