Business Recorder

India’s SpiceJet funding crunch delays pilot pay, messages show, as it seeks state-backed loan

NEW DELHI: Indian airline SpiceJet has delayed salary payments to many of its pilots since March, internal messages seen by Reuters show, as the cash-strapped carrier said it is seeking an emergency loan under a government-backed credit scheme to …

#SpiceJet #IndianEconomy #Aviation

Business Recorder

Indian shares rise as banks gain on RBI forex swap facility

Banks led gains in Indian shares on Tuesday after the RBI detailed a concessional forex swap facility for overseas borrowings, while a pause in Israel-Iran hostilities boosted risk appetite. The benchmark Nifty 50 was up 0.36% at 23,205.2, while t…

Business Recorder

Dollar hovers around two-month high as Iran-Israel truce hangs in balance

HONG KONG: The U.S. dollar held near a two-month high on Tuesday, firming against most major peers as Middle East uncertainty curbed risk appetite and traders ramped up bets on a Federal Reserve rate hike later this year. Iran and Israel halted at…

#MiddleEastTension #OilPrices

Business Recorder

Oil falls as investors await clarity after Iran-Israel halt attacks

SINGAPORE: Oil prices fell on Tuesday, erasing most of the previous session’s gains, after Iran and Israel said they had halted attacks on each other following an appeal from U.S. President Donald Trump, though both sides warned they could resume …

#OilPrices #MiddleEastTension

Business Recorder

Buying returns to bourse, KSE-100 up 2,000 points

A day after intense selling pressure, buying returned to the Pakistan Stock Exchange (PSX) on Tuesday after Iran and Israel announced a halt to attacks on each other, with the benchmark KSE-100 Index gaining over 2,000 points during the opening mi…

Business Recorder

The credibility gap: how accurate are Pakistan’s budget projections?

Every year, the months leading up to June become highly charged in the world of business, media and policy. The federal budget becomes the dominant subject of discussion: industry associations lobby for concessions, businesses seek favourable tax …

#Economy #BudgetAnalysis

Business Recorder

Bilawal says PPP will try to form govt in G-B

ISLAMABAD: After the Pakistan People’s Party (PPP) emerged as the largest party in the Gilgit-Baltistan elections, PPP Chairman Bilawal Bhutto Zardari declared that his party would attempt to form a government in the region. In a post uploaded on …

#BilawalBhuttoZardari #Gilgit #GBPolls

Business Recorder

Punjab Assembly proceedings go paperless

LAHORE: The Punjab Assembly on Monday marked a historic milestone in Pakistan’s parliamentary history by holding its first session under a fully digital E-Assembly system, making legislative proceedings entirely paperless. At the outset of the ses…

#PunjabAssembly #TechInnovation

Business Recorder

Brain tumours: CM underscores need for early diagnosis to save lives of patients

LAHORE: Emphasizing the need for raising public awareness about early detection of brain tumor, Punjab Chief Minister Maryam Nawaz Sharif paid tribute to all healthcare professionals and individuals striving to treat and support brain tumor patien…

#BrainTumours #PublicHealth

Business Recorder

‘NAB has distributed Rs462m to housing fraud affectees’

LAHORE: Chairman NAB, Lt. Gen Nazir Ahmed Butt (Retd), distributed 1,619 pay orders worth approximately Rs462 million among affectees of various housing and investment fraud cases during a ceremony held at NAB Lahore. The recovered amounts pertain…

#NAB #HousingFraud