Business Recorder

India explores Russian coking coal assets, more nickel supplies, sources say

NEW DELHI/MOSCOW: India’s state-owned Steel Authority of India (SAIL) and NMDC Ltd are exploring acquisitions of coking coal assets in Russia as New Delhi seeks to secure supplies of critical raw materials, Indian sources said. The world’s biggest…

#India #Economy

Business Recorder

Saudi contractor MGC calls off up to $800 million IPO despite strong demand

DUBAI: Saudi Arabia’s Mutlaq Al-Ghowairi Contracting Company has decided not to proceed with a planned initial public offering in Riyadh, an adviser said on Tuesday, in a deal that could have raised up to around $800 million and been one of the fi…

#IPO #SaudiEconomy

Business Recorder

CDF Munir vows to expand defence collaboration with Lebanese Armed Forces

Chief of Army Staff and Chief of Defence Forces (CDF) Field Marshal Syed Asim Munir has underscored Pakistan Army’s commitment to expanding defence collaboration with the Lebanese Armed Forces, the military’s media wing said. He made the remarks d…

#AsimMunir #Lebanon #Defense

Business Recorder

Saudi PIF assets reach $910bn in 2025, below Vision 2030 target

DUBAI: Saudi Arabia’s Public Investment Fund had preliminary assets under management of $910 billion at the end of 2025, below its $1.09 trillion target, according to the Vision 2030 report released on Tuesday. Saudi PIF to unveil new 2026–2030 st…

#SaudiArabia #Vision2030 #Economy

Business Recorder

Japan’s Nikkei ends higher as chip-related heavyweights jump

TOKYO: Japan’s Nikkei share average ended higher on Tuesday, as chip-related heavyweights recovered from heavy losses in the previous session. The Nikkei closed up 2.17% at 65,416.63. The index fell 3.85% on Monday, its largest one-day loss in thr…

#Japan #Nikkei #StockMarket

Business Recorder

European shares steady; Middle East tensions in focus

European shares were steady at open as the developments in the Middle East stayed in focus, with oil prices easing after Iran and Israel halted attacks on U.S. President Donald Trump’s appeal. The pan-European STOXX 600 index edged 0.1% higher to …

#Europe #StockMarket #MiddleEastTension

Business Recorder

Aussie stocks slip for third session as mining losses outweigh real estate gains

Australian stocks ended marginally lower on Tuesday, falling for a third straight session, as softer commodity prices pressured heavyweight miners, although gains in consumer and real-estate stocks limited the decline. The benchmark S&P/ASX 200 in…

#Australia #StockMarket #Mining

Business Recorder

Sindh issues circular aimed at strengthening prosecution system

On the directions of Sindh Minister for Law, Home and Parliamentary Affairs Zia-ul-Hassan Lanjar, Prosecutor General Sindh Barrister G. Shabbir Shah has issued a comprehensive circular aimed at strengthening the prosecution system, enhancing scrut…

#Sindh #ProsecutionSystem

Business Recorder

Govt advances DISCOs’ privatisation as investor outreach begins

The government’s plan to privatise power distribution companies (DISCOs) has formally entered its implementation phase, with Expressions of Interest (EOIs) for three utilities already published and the transaction structure approved by the governm…

#Privatisation #Economy

Business Recorder

Pakistan’s FY27 budget to be presented in ‘coming days’

KARACHI: Pakistan will present its budget for FY27 in the “coming days”, the government said on Tuesday, signalling a fresh delay after it was rescheduled to June 10 from the original date of June 5. “Time, date and venue will be shared in due cou…

#PunjabBudget