Business Recorder

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

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

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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India orders migrant detention centres sparking expulsion fears

NEW DELHI: India’s ruling Hindu-nationalist party has ordered detention centres for undocumented Bangladeshis and Rohingyas in West Bengal state, sparking fear among minorities that it could lead to arbitrary expulsions. The directive comes just d…

#India #Migrants #HumanRights

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KP CM discusses investment prospects with Aga Khan V

PESHAWAR: Khyber Pakhtunkhwa Chief Minister Muhammad Sohail Afridi visited Lower Chitral on Sunday, where he joined Khyber Pakhtunkhwa Governor Faisal Karim Kundi and other political and government dignitaries in welcoming Prince Rahim Aga Khan on…

#KP #AgaKhan #Investment

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Quetta train bombing martyrs over 30 people

ISLAMABAD: More than 30 people died in a suicide bombing of a train in Quetta on Sunday, officials said on Monday, in the latest attack claimed by separatist Balochistan militants. Two provincial officials, speaking on condition of anonymity as th…

#Quetta #QuettaBlast #Terrorism

Business Recorder

EPBD launches ‘first-ever’ shadow policy documents

ISLAMABAD: The Economic Policy & Business Development (EPBD) a leading economic think tank on Monday unveiled sweeping structural reform proposals aimed at steering Pakistan out of its recurring boom-and-bust economic cycle, slashing the tax burde…

#EPBD #Policy

Business Recorder

India hikes fuel prices again

NEW DELHI: India’s state-run fuel companies raised petrol and diesel prices for the fourth time in 10 days on Monday, as the Middle East war strains supplies to the world’s fastest-growing major economy. Automobile fuel prices have increased by fi…

#India #FuelPrices #Economy

Business Recorder

Values of imported toys & toy parts/accessories revised

ISLAMABAD: The Directorate General of Customs Valuation, Karachi, has revised customs values of toys and toy parts/accessories imported from Europe, Canada, Japan, the United States, and China. A new valuation ruling (2085 of 2026) revealed that t…

#Imports #Customs #Economy

Business Recorder

UK HC assured of policy continuation and fiscal discipline

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb held a meeting Monday with Jane Marriott CMG OBE, British High Commissioner to Pakistan, who called on the Minister at the Finance Division. The meeting focused on Paki…

#UK #Diplomacy #FiscalDiscipline