Business Recorder

Beyond the IMF baseline: Pakistan’s hard fiscal choices in FY27 budget

On April 27, the State Bank of Pakistan (SBP) raised the policy rate by 100 basis points to 11.5%, its first hike since June 2023. On May 14, the International Monetary Fund (IMF) published Country Report 26/101, projecting fiscal year 2026-27 (FY…

#IMF #Pakistan #Budget

Business Recorder

Russia’s western oil exports hit 8-month high as drone strikes curb refining

Russia boosted oil exports via its western ports by 15% in May from April, according to two industry sources familiar with the data, as refinery outages caused by Ukrainian drone attacks push Moscow to export more crude. Ukraine has stepped up its…

#Russia #CrudeOil #DroneStrikes

Business Recorder

India tightens silver import rules, mandates prior approval

MUMBAI: India has tightened restrictions on silver imports by adding grain and powder forms to the list of restricted categories and mandating prior valid import authorisation, as the world’s biggest consumer of the metal tries to rein in shipment…

#India #SilverMarket

Business Recorder

Israel arms exports hit another all-time high: ministry

OCCUPIED JERUSALEM: Israeli arms exports have reached an all-time high for the fifth consecutive year, hitting more than $19 billion in 2025 driven by missile, rocket and air defence systems, the defence ministry announced Tuesday. Israel is among…

#Israel #ArmsExports

Business Recorder

Iran studying deal to halt war as stalemate persists

DUBAI: Iran is reviewing a proposed agreement with the United States to halt the war between the two countries, Iran’s Mehr news reported on Tuesday, after U.S. President Donald Trump said talks to reach a deal were continuing. More than three mon…

#IranNegotiation #LebanonCeasefire

Business Recorder

Iran war disruption threatening delivery of lifesaving supplies for children, UN says

GENEVA: Surging global transport costs and supply chain disruptions linked to the Middle East crisis are threatening the delivery of lifesaving aid to children, the U.N. children’s agency warned on Tuesday. Nearly 100 days after the outbreak of th…

#Iran #UnitedNations

Business Recorder

Central bank hand contains Indian rupee’s fall, shrinks dollar-rupee forward premiums

MUMBAI: The Indian rupee and dollar-rupee forward premiums fell on Tuesday, driven by opposing forces of importer hedging, foreign portfolio outflows and likely central bank intervention across FX market segments. The rupee ended at 95.2650 per do…

#IndianRupee #Economy

Business Recorder

NDMA issues landslide alert for northern areas as rain, glacier melt raise risks

The National Emergencies Operation Center (NEOC) of the National Disaster Management Authority (NDMA) has issued a landslide alert for mountainous regions across the country from June 2 to 6. According to the NDMA, persistent rainfall and glacier …

#WeatherAlert

Business Recorder

Govt to announce federal budget on June 10, says parliamentarian

Pakistan will present its annual budget on June 10 for the financial year 2026-27, it was learnt on Tuesday. Senior Pakistan Muslim League-Nawaz (PML-N) leader and Member of the National Assembly (MNA), Tahira Aurangzeb, confirmed to Business Reco…

#NationalAssembly #GovtPriorities

Business Recorder

Ronaldo heads for sixth World Cup with unfinished business

Cristiano Ronaldo has bent football’s record books into so many shapes that another landmark can almost feel routine but a sixth World Cup at 41 would be extraordinary even by his standards. The 2026 tournament is set to add another stop to Ronald…

#Ronaldo