Business Recorder

DUBAI: The United Nation's envoy for Afghanistan is due to arrive in Qatar on Tuesday to meet with Afghan government and Taliban representatives this week in a fresh push on the fractious Afghan peace process, two sources familiar with the talks said. The visit comes as the United States is […]

Bears continue to rule the roost at the Pakistan Stock Exchange (PSX) as the benchmark KSE-100 Index dropped by over 1,000 points at mid-day on Tuesday. At the time of filing this report, the index was being traded at 43,968.04 points showing a drop of 1083.02 points and a negative percent change […]

Sindh and Punjab have collectively reported 926 new coronavirus cases, taking the nationwide tally to 593453 on Tuesday. During the past 24 hours, Punjab reported 825 cases and 35 deaths. Punjab's coronavirus tally is 178,648 while the provincial death toll is 5,600. So far, 166,503 people have […]

(Karachi) UK Army's Chief of Defence Staff (CDS) General Sir Nicholas Patrick Carter called on Army Chief General Qamar Javed Bajwa, a statement issued by Inter-Services Public Relations (ISPR) stated on Tuesday. As per ISPR, matters of mutual interests including the Afghan peace process, security […]

(Karachi) The Sindh High Court (SHC) has rejected Water Resources Minister Faisal Vawda’s plea seeking to restrain the Election Commission of Pakistan (ECP) from hearing a disqualification case against him, local media reported on Tuesday. After a preliminary hearing, a two-judge bench of […]

ISLAMABAD: Pakistani activist Malala Yousafzai, who won the Nobel Peace Prize as a teenager after surviving a Taliban assassination attempt, has signed a deal with Apple TV+ that will see her produce dramas and documentaries that focus on women and children. The multi-year partnership would "draw […]

LONDON: Britain's Queen Elizabeth was in crisis talks Tuesday after Prince Harry and his wife Meghan lifted the lid on life inside Buckingham Palace with an explosive interview that reverberated around the world, local media reported. With revelations of suicidal thoughts, a racist relative and an […]

WASHINGTON: President Joe Biden has suspended drone strikes outside of war zones where US forces are operating, reversing the policy of his predecessor Donald Trump, who had given the military free rein in countries such as Somalia. Any drone strikes planned against militants groups outside of […]

WASHINGTON: Most US visa applicants who were denied because of former President Donald Trump's travel ban on 13 mostly Muslim-majority and African countries can seek new decisions or submit new applications, the State Department said on Monday. President Joe Biden overturned Trump's so-called […]

ISLAMABAD: The federal government is likely to appoint Asif Ali as Member (Finance) of National Electric Power Regulatory Authority (Nepra) Tribunal, Islamabad, well-informed sources told Business Recorder. The Tribunal was established under section 12 A of the Regulation of Generation, […]

ISLAMABAD: Finance and Revenue Minister, Dr Abdul Hafeez Shaikh Monday constituted a five-member committee and asked it to come up with a clear action plan along with timelines to strengthen Loan for Agriculture, Commercial & Industrial Purposes (LACIP) Act, 1973 for enhancement of agriculture […]

ISLAMABAD: The federal government on Monday raised objections on Justice Qazi Faez Isa’s application for live telecast of his review petition against the apex court judgment on a Presidential Reference, saying, “it is non-maintainable”. A 10-member bench headed by Justice Umar […]

ISLAMABAD: The Federal Cabinet, which is scheduled to meet on Tuesday (today), is likely to approve the State Bank of Pakistan (SBP) amendments Bill, 2021, a prior action under the second to fifth staff review of IMF’s Extended Fund Facility Programme, sans nod of Cabinet Committee for […]

ISLAMABAD: The central ruling party Pakistan Tehreek-e-Insaf (PTI) on Monday moved another application in Election Commission of Pakistan (ECP), seeking urgent hearing of the case against former prime minister Yousuf Raza Gilani in connection with leaked video controversy involving his son. Jointly […]

HAMBURG: The Trading Corporation of Pakistan (TCP) has issued a new international tender to purchase 50,000 tonnes of white sugar, European traders said on Monday. The deadline for submission of price offers is March 16. The sugar is sought from worldwide origins packed in bags transported in […]

ISLAMABAD: Power Division and Board of Directors (BoD) of National Transmission and Despatch Company (NTDC) are said to have locked horns on the selection of Managing Director of the Company, sources close to MD NTDC told Business Recorder. The Board wants to appoint Azaz Ahmed as Managing […]

ISLAMABAD: The government will soon start ‘Ehsaas Food Stamp Programme’ to provide direct subsidy to the deserving families on essential commodities as Prime Minister Imran Khan was briefed about the contours and features of the programme Monday. While chairing a meeting with regard to […]

ISLAMABAD: After sharp increase in Covid-19 cases in the country in past 8 days, Pakistan recorded a total 10,735 Covid-19 cases which jumped up from 581,365 to 592,100, the National Command and Operation Centre (NCOC) on Monday deliberated to revisit opening of schools, cinemas and indoor wedding […]

ISLAMABAD: The Federal Cabinet, which is scheduled to meet on Tuesday (today), will formally congratulate Prime Minister Imran Khan on winning the vote of confidence from the National Assembly. One of the Cabinet members will move a resolution to congratulate the Prime Minister on this victory […]

LAHORE: National Accountab-ility Bureau (NAB) Chairman Justice Javed Iqbal (Retd) Monday said that they have signed a memorandum of understanding (MoU) with China to bring transparency in China-Pakistan Economic Corridor (CPEC) projects. The chairman disclosed this while presiding over a […]

KARACHI: Hub Power Holdings Limited, a wholly owned subsidiary of The Hub Power Company Limited (Hubco) together with Eni’s local employees (in a 50:50 joint venture) has executed definitive agreements to acquire all the upstream operations in Pakistan of ENI and renewable energy assets owned […]

ISLAMABD: Legislation relating to structured governance reforms for the management of State Owned Entities (SOEs) developed in consultation with the International Monetary Fund (IMF), the World Bank (WB) and the Asian Development Bank (ADB) has yet to be introduced in parliament. BR asked several […]

KARACHI: The successful efforts of the value added garment and home textile industries facing jeopardy in the wake of unavailability of cotton yarn and abrupt decrease of value of rupee against dollar. For the reason, the garment and home textile exporters fearing steep downfall in exports in […]

LAHORE: The European Commission (EU) has accepted the ‘reasoned statement’ submitted by the Rice Exporters Association of Pakistan (REAP) against India on Geographical Indication (GI) of Basmati. The REAP had filed the reasoned statement in opposition to India’s claim of GI of […]

KARACHI: Traders are suffering huge financial losses worth millions due to the mismanagement of Pakistan International Containers Terminal (PICT) and the shipping company M/s Sharaf Shipping Agency (PVT) Ltd. According to the Karachi Customs Agents Association (KCAA), traders are facing losses due […]

ISLAMABAD: United Nations (UN) report has revealed that the population of Pakistan will reach to 242 million by 2025 and the current estimated population of Pakistan is 212 million which makes it the fifth most populous country of the world. It is expected that the cities of Pakistan will […]

LONDON: Meghan, the wife of Prince Harry, accused Britain's royal family of raising concerns about how dark their son's skin might be and pushing her to the brink of suicide, in a tell-all television interview that could send shockwaves through the monarchy. The 39-year-old, whose mother is Black […]

ISLAMABAD: Pakistan Democratic Movement (PDM) on Monday nominated Syef Yusuf Raza Gilani as its consensus candidate for chairman Senate and warned the “establishment” to stay away from interfering in elections of chairman and deputy chairman Senate to be held on March 12 or “else […]

WASHINGTON: Aircraft leasing is on the brink of its biggest shake-up in almost a decade as its top two players AerCap and General Electric's GECAS discuss a deal to forge an industry titan with over 2,000 jets, financial sources said on Monday. Negotiations for a tie-up follow years of speculation […]

(Karachi) The Pakistan Democratic Movement (PDM) has nominated PPP's Yousuf Raza Gilani as their joint candidate for Senate chairmanship, local media reported on Monday. As per details, the decision in this regard has been taken during the meeting of PDM huddle in Islamabad which was convened by […]