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Govt Rejects Rs. 10.1 Trillion Debt Claim About SOEs
The Finance Division has clarified that the reported Rs. 10.1 trillion in federal state-owned enterprise (SOE) debt represents the consolidated
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Pakistan and world business news from seven outlets, one story per event. Updated just now.
Finance ministry says Rs10.1trn SOE debt is not fresh bank borrowing
The Finance Division on Thursday rejected a media report on the debt of state-owned enterprises (SOEs), saying it compared two datasets that are not on a like-for-like basis and could create the…
Business RecorderECC 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
ProPakistani‘Asian Experience Awards’: JS Bank recognised with best digital experience
KARACHI: JS Bank has been recognized with the Best Digital Experience in Pakistan award at the Asian Experience Awards 2026, organised by Singapore-based Asian Business Review.
Business RecorderPakistan rejects NYT report on PAF jets in Saudi operation against Houthis
Pakistan has rejected a New York Times report claiming that Pakistan Air Force (PAF) jets took part in an operation launched by Saudi forces against the Houthis.
Business RecorderWall St slips as higher yields and oil prices flag inflation risk
US stocks edged lower on Thursday as soaring oil prices and Treasury yields near multi-year highs stoked inflation worries on the cusp of a critical earnings season expected to test recent market…
Business RecorderMost 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 10-year yield hits Dec 2023 peak as US debt rout, oil spike hurt
MUMBAI: Indian government bonds were pummelled by an intensifying US debt rout and surging oil prices on Thursday, which compounded pain from the Reserve Bank of India’s first rate hike since…
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 RecorderHDFC's next CEO set to be India's highest-paid bank chief
MUMBAI: HDFC Bank chief Anup Bagchi will be India’s highest-paid bank CEO when he takes charge at the end of October, with an annual compensation of about $3.7 million, regulatory disclosures showed.
Business RecorderPakistan, Bahrain agree to operationalise joint working groups, expand trade ties
Pakistan and Bahrain have agreed to strengthen the institutional framework of their bilateral relationship by operationalising joint working groups, Foreign Minister Ishaq Dar said on Thursday.
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,
ProPakistaniGenre-defying Canadian poet Anne Carson wins 2026 Nobel Prize in Literature
STOCKHOLM: Canadian poet and writer Anne Carson won the 2026 Nobel Prize in Literature “for her bold and inventive oeuvre that, in playful dialogue with the classical tradition, has created new…
Business Recorder
Nepra raises electricity tariff by Rs1.11 per unit under August FCA
A technician fixes new electricity meters at a residential building in Karachi.
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