Latest News on Business, Finance and Markets from Pakistan

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News

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Australian shares slump to two-month low as miners fall

2+ hour, 30+ min ago   (282+ words) SYDNEY: Australian stocks ended Friday at a more than two-month low, as miners led by BHP lost on weaker commodity prices, while a surge in oil prices over the week heightened inflation concerns and kept investors on edge. The benchmark…...

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STEVTA, AMSTech to promote technical education

2+ hour, 30+ min ago   (387+ words) KARACHI: The Sindh Technical Education and Vocational Training Authority (STEVTA) and Al-Mustafa Institute of Science and Technology (AMSTech) have agreed to enhance collaboration to promote technical education, vocational training and practical skills among the youth in Sindh. Ghulam Murtaza Sheikh…...

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OGDC: Tax reversal powers record profit

2+ hour, 30+ min ago   (206+ words) Consequently, gross profit increased by a modest 6.5 percent in FY26, considerably slower than revenue growth. The gross margin declined to 54.9 percent from 57.7 percent in FY25. General and administrative expenses also rose sharply by 47.2 percent year-on-year for OGDC in FY26. Another drag came from…...

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Wall Street Week Ahead: Investors brace for possible rate hike at uncertain Fed meeting

2+ hour, 30+ min ago   (498+ words) NEW YORK: Investors head into next week’s Federal Reserve meeting bracing for the central bank to raise interest rates, a move that could threaten a US stock market rally already showing some vulnerability to rising bond yields. For years, inflation…...

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Prices of kitchen items in Peshawar show mixed trend

2+ hour, 30+ min ago   (337+ words) PESHAWAR: Mixed trend in prices of important kitchen items was witnessed in the retail market. A weekly survey carried out by Business Recorder here Sunday revealed that most of daily use items including flour, sugar, eggs, live chicken, vegetables, pulses,…...

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Petroleum levy protest: Ahsan contacts JI???s Baloch, seeks one-day window for talks

2+ hour, 30+ min ago   (207+ words) LAHORE: Federal Minister for Planning, development and Special Initiatives Ahsan Iqbal contacted Naib Emir Jamaat-e-Islami Pakistan Liaquat Baloch and requested one day time for holding third round of negotiations between the government and Jamaat-e-Islami on the issue of petroleum levy....

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Jam Kamal visits Hong Kong GCC

2+ hour, 30+ min ago   (295+ words) ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan visited the Hong Kong General Chamber of Commerce, where he met its Chairman and leading business representatives to discuss stronger business-to-business linkages, trade, investment and economic cooperation between Pakistan and Hong Kong....

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Steel sector urges FBR to fast-track budget reforms

2+ hour, 30+ min ago   (492+ words) ISLAMABAD: The documented steel sector is facing serious difficulties in the operationalisation and implementation of budgetary measures (2026-27) aimed at promoting corporatisation, documentation, digitisation and curbing tax evasion and broadening the tax base. In a communication to Rashid Mahmood Langrial Chairman…...

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brecorder.com > news > 40/43/9324 > pakistans-central-bank-should-hold-its-nerve-on-rates

Pakistan???s central bank should hold its nerve on rates

2+ hour, 30+ min ago   (890+ words) Pakistan’s central bank should hold its nerve on rates Business Recorder Pakistan’s Monetary Policy Committee gathers tomorrow with the room considerably less settled than it was a few weeks ago. Treasury desks canvassed by BR Research are split roughly down…...

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brecorder.com > news > 40/43/9358 > pd-proposes-rs75bn-fuel-relief-scheme

PD proposes Rs75bn fuel relief scheme

2+ hour, 30+ min ago   (837+ words) ISLAMABAD: The Petroleum Division has proposed a Rs75 billion Fuel Relief Scheme for three months to provide targeted relief of Rs100 per litre to around 11.8 million users of two-wheelers, three-wheelers and cars up to 800cc amid a sharp increase in petroleum prices triggered…...