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Pakistan and world business news from seven outlets, one story per event. Updated 1m ago.
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 Recorder
30% New Cars in Pakistan Will Be Electric
Pakistan expects to achieve its electric vehicle (EV) adoption target ahead of schedule as rising oil prices make electric vehicles
ProPakistaniIndia'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- Gold & silverUpdated
Gold price increase by Rs600 per tola in Pakistan
Gold prices in Pakistan increased on Thursday in line with their gain in the international market. In the local market, gold price per tola reached Rs435,036 after a gain of Rs600 during the day.
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 NewsGovt says World Bank poverty figures reflect regional reclassification
The government on Thursday said that the World Bank’s finding that the country accounts for nearly half of the extreme poor in its newly defined Middle East, North Africa, Afghanistan and Pakistan…
Business RecorderEuropean 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
ProPakistaniGilgit-Baltistan to Get New 250-Acre Industrial Zone
The Special Investment Facilitation Council (SIFC) is facilitating the development of the 250-acre Maqpondass Special Economic Zone (SEZ) in Gilgit-Baltistan
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
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