Business Recorder

Eid-ul-Azha 2026: SBP says Go Cashless campaign saw Rs34bn in digital transactions

The State Bank of Pakistan (SBP) said on Friday its Go Cashless campaign for Eid-ul-Azha 2026 stood successful as more than 480,000 transactions valuing over Rs34 billion had been conducted using digital channels and instruments. The central bank …

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Business Recorder

Telenor considering sale of Pakistan’s Easypaisa: report

Telenor, the Norwegian telecom giant, is exploring a sale of its controlling stake in Pakistan’s Easypaisa Bank, Bloomberg reported on Friday, citing people familiar with the matter. As per the report, the potential sale would mark the telecom’s c…

#EconomicGrowth

Business Recorder

Indian shares inch lower after RBI pause; log weekly losses on crude surge, outflows

Indian shares were muted on Friday after the Reserve Bank of India’s widely expected rate pause, as investors assessed the central bank’s measures to support the rupee against concerns of higher inflation and a lower growth forecast. The RBI raise…

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Business Recorder

Palm extends losses but still posts third weekly gain

KUALA LUMPUR: Malaysian palm oil futures extended losses on Friday, weighed down by weaker rival Dalian oils and concerns over Indonesia’s new export system, though they still managed to log a third straight weekly gain. The benchmark palm oil con…

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Business Recorder

Nepal, Malaysia, Hong Kong and Oman qualify for Asian Games

Nepal, Malaysia, Hong Kong and Oman have qualified for the men’s cricket competition at the Asian Games, set to be held in Japan in September and October. Nepal and Malaysia finished top of Group A in the qualifying tournament in Singapore, while …

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Business Recorder

Pakistan launches fixed tax scheme for small retailers

In a bid to widen the tax net, Pakistan government introduced on Friday a fixed tax scheme for small retailers, under which a 1% tax will be imposed on annual retail sales worth up to Rs200 million. The development was disclosed by Finance Ministe…

#TaxSystem

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India’s GDP growth estimated at 7.8% in January-March

NEW DELHI: India’s economy grew 7.8% in January-March from the same period a year earlier, after posting revised growth of 8.0% in the previous quarter, the government said on Friday. For the full fiscal year ended in March, the government expects…

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India ramps up defence of faltering rupee after holding fire on rates

MUMBAI: The Reserve Bank of India held its benchmark interest rate steady on Friday and unveiled steps to help defend the embattled rupee, as the economy grapples with costly oil and foreign investor outflows in the wake of the Iran war. The measu…

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Business Recorder

Rupee records gain against US dollar

The Pakistani rupee appreciated against the US dollar in the inter-bank market on Friday. At close, the local currency settled at 278.41, a gain of Re0.01 against the greenback. On Thursday , the local unit closed at 278.42. Globally, the US ​doll…

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Business Recorder

AJK elections scheduled for July 27; code of conduct enforced

The general elections for the Azad Jammu and Kashmir Legislative Assembly will be held on July 27, Chief Election Commissioner Ghulam Mustafa Mughal announced in a press conference on Friday, Aaj News reported. Following the announcement of the el…

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