Public News Channel Business Recorder
Public News Channel-
Business Recorder
Gold fell on Tuesday as fresh U.S. attacks in Iran pushed oil prices higher, fuelling concerns around inflation and higher-for-longer interest rates. Spot gold was down 0.6% at $4,542.20 per ounce as of 0401 GMT. U.S. gold futures for June delive…
#IndianRupee
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Business Recorder
Indian rupee’s rally may be halted by dented peace deal hopes, month-end dollar demand
MUMBAI: The Indian rupee’s three-day winning streak is likely to run into resistance on Tuesday as fresh U.S. strikes in the Middle East dent optimism over an imminent peace deal with Iran, with traders also expecting month-end flows to weigh. T…
#India #Rupee
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Business Recorder
Oil rises, stocks mixed as new US strikes dampen peace deal optimism
SINGAPORE: Oil prices rose on Tuesday and stocks were mixed as investor optimism over an imminent US-Iran peace deal was tempered by new U.S. strikes in the Middle East. Iran’s top negotiator and its foreign minister were in Doha for talks with …
#Oil #USA
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Business Recorder
Dollar wobbles as markets cling to hopes for Middle East peace deal
SINGAPORE: The dollar nursed losses on Tuesday on rising investor optimism of a deal being struck to reopen the crucial Strait of Hormuz and end the three-month-long Iran war, although fresh U.S. attacks on Iranian targets weighed on sentiment. …
#Dollar
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Business Recorder
Brent oil gains 2% as US military strikes on Iran add to uncertainty on potential peace deal
SINGAPORE: Brent crude futures rose over 2% in Asian trade on Tuesday after the U.S. military carried out strikes in Iran, keeping markets on edge as a deal to end the war and open up the Strait of Hormuz remained elusive. Brent futures were up …
#BrentOil #USA #Iran
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Business Recorder
Xi praises Pakistan’s Iran peace efforts
BEIJING: President Xi Jinping hailed China’s “unbreakable” friendship with Pakistan on Monday as he met Prime Minister Shehbaz Sharif in Beijing, seeking to deepen their “all-weather” partnership. Xi welcomed the Pakistani leader as an “old friend…
#XiJinping #Iran #Diplomacy
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Business Recorder
Iran peace deal: Pakistan rejects Trump’s Abraham Accords demand
WASHINGTON: US President Donald Trump said on Monday that he asked Saudi Arabia, Qatar, Pakistan, Turkey, Egypt and Jordan to join the Abraham Accords en masse to normalize relations with Israel as he tries to negotiate an agreement to end the war…
#AbrahamAccords #Iran #Trump #Diplomacy
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Business Recorder
Over 1.5m pilgrims perform Hajj today
MAKKAH: Over 1.5 million Muslims began filling a vast tent city in the holy city of Makkah on Monday for an annual hajj pilgrimage carried out against the backdrop of hopes for an end to the war in the Middle East. The white-robed pilgrims on buse…
#Hajj #Makkah #Pilgrimage
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Business Recorder
Vessels carrying ME oil, LNG exit Hormuz, head for Pakistan, China
SINGAPORE: Two liquefied natural gas tankers are exiting the Strait of Hormuz on Monday, heading to Pakistan and China, while a supertanker with Iraqi crude for China left the Gulf on Saturday after being stranded for nearly three months, shipping…
#Oil #LNG #Hormuz #China
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Business Recorder
Budget must focus on solutions beyond short-term fixes, NA panel tells MoF, FBR
ISLAMABAD: The National Assembly Standing Committee on Finance and Revenue Friday directed the Tax Policy Unit of the Ministry of Finance and the Federal Board of Revenue (FBR) that the federal budget (2026–27) must move beyond short-term stabiliz…
#FederalBudget #MoF #FBR #Economy
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