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

Business Recorder

Indian shares snap losing run on IT boost; oil dips after Trump comments

Indian shares recovered from their lowest levels in nearly two months on Tuesday, led by value buying after four straight session of losses and a continued surge in information technology stocks. After a nearly 3% slide over the previous four sess…

#CrudeOil

Business Recorder

India’s May palm oil imports improve; soyoil surges on shrinking premium

MUMBAI: India’s palm oil imports rose modestly in May from the previous month’s four-month low, but stayed below average, as refiners turned to rival soyoil after palm’s price advantage over competing oils narrowed, five dealers said. Lower than u…

#OilPrices

Business Recorder

Venezuela’s Rodriguez to discuss energy ties during India visit from June 3-7

NEW DELHI: Venezuela’s interim President Delcy Rodriguez will visit India from June 3 to June 7, India’s foreign ministry said on Tuesday, at a time when New Delhi is ramping up its crude imports from Caracas. India was the second-largest importer…

#India

Business Recorder

Rupee records gain against US dollar

Rupee’s Performance Against US Dollar Since 04 March 2025 The Pakistani rupee appreciated against the US dollar in the inter-bank market on Tuesday. At close, the local currency settled at 278.46, a gain of Re0.01 against the greenback. On Monday …

#Economy

Business Recorder

PM says export growth, industrial production top govt priorities

Prime Minister Shehbaz Sharif said on Tuesday that effective policy measures to increase exports, along with boosting domestic production of industrial products, were part of the government’s policy priorities. He said this while chairing a review…

#ExportGrowth #IndustrialProduction #GovtPriorities

Business Recorder

Crucial NEC meeting postponed

The National Economic Council (NEC), chaired by Prime Minister Shehbaz Sharif, has postponed its crucial meeting, scheduled to be held tomorrow, to facilitate further deliberations on the upcoming budget. “It is to inform that the meeting of the N…

#NECmeeting