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G7 countries agree on release of diesel and oil stocks after US pressure
French President Emmanuel Macron speaks following a video conference with G7 leaders from the Elysee Presidential Palace in Paris on October 2, 2026.
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Pakistan and world business news from seven outlets, one story per event. Updated 1m ago.
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Oil 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 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 Recorder
Trump pushes South Korea on Alaska LNG deal: Why Seoul is hesitant
South Korea is adopting a conservative approach to the long-planned Alaska liquefied natural gas project despite Donald Trump…
The NewsCopper 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 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 RecorderTax paid with returns declines despite 45% rise in number of filers
This representational image shows a man using a calculator. — APP/File7,953 companies filed returns till Sept 30: FBR.Total tax paid with returns stands at Rs77.3bn.
Geo NewsAustralian 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 RecorderCopper up on supply woes but dollar drives worst week since April
SINGAPORE: Copper recovered from some of the previous days’ losses on Friday , supported by supply concerns, but earlier declines still set it up to notch its worst weekly fall since April.
Business RecorderHong Kong stocks fall as surging bond yields, higher oil prices weigh
HONG KONG: Hong Kong stocks dropped on the first trading day of October, as the 10-year US Treasury yield hitting a more-than-two-decade high and rising oil prices dampened investor appetite for…
Business RecorderAsian shares fall after wild swings in bonds, FX before US jobs data
SYDNEY: Asian shares fell on Friday as investors grappled with wild swings in bond and currency markets ahead of key US jobs data, while a widening military buildup in the Gulf kept oil prices…
Business RecorderGold slips before US payrolls data, set for second weekly loss
Gold prices fell on Friday and were on track for a second straight weekly decline, pressured by a firmer US dollar and elevated Treasury yields, while investors awaited key US payrolls data for…
Business RecorderDollar at 17-month high as global bond rout hits euro
SINGAPORE: The US dollar headed for its third straight week of gains on Friday , perched at a 17-month high as a bond market rout pushed borrowing costs across the globe to multi-decade peaks in…
Business RecorderWall Street dips as surging Treasury yields outweigh software gains
Wall Street’s main indexes slipped on Thursday as a deepening bond selloff drove Treasury yields to multi-decade highs, outweighing gains in software stocks.
Business RecorderLucky Motor opens bookings for all-new Kia Stonic Turbo
Lucky Motor Corporation (LMC) announced on Thursday the official launch of the all-new Kia Stonic 1.0L Turbo and opened bookings for the compact crossover from October 1.
Business RecorderAI boom could trigger severe market shocks, Bank of England warnsÂ
AI boom could trigger severe market shocks, Bank of England warns Bank of England warns that artificial intelligence could trigger financial market shocks and the UK needs to be prepared for…
The NewsFBR detects Rs9.4bn tax fraud through forged wealth statements
An undated image of the Federal Board of Revenue building in Islamabad.
Geo NewsUS inflation rises less than expected: What to know
US inflation increased more slowly than expected in August which could lead financial markets to further diminish the likelihood of another rate…
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