Business Recorder

Oil prices gain as investors doubt breakthrough in US-Iran peace talks

TOKYO: Oil prices climbed ‌on Friday as investors doubted the prospects of a breakthrough in US-Iran peace talks, with the two sides still at loggerheads on Tehran’s uranium stockpile and controls on the Strait of Hormuz . The market, however, ​re…

#OilPrices #US #Iran #Economy

Business Recorder

Pakistan condemns ‘unlawful interception’ of flotilla

ISLAMABAD: Pakistan condemned in the strongest possible terms the ‘unlawful interception’ of the Global Sumud Flotilla by Israeli occupying forces in the international waters, as well as the arbitrary detention and reported mistreatment of humanit…

#GazaFlotilla

Business Recorder

Chinese pharmaceutical investment: Pakistan emerging as fifth largest medical making hub

LAHORE: Adeel Munawar, Commercial Ambassador Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) and Managing Partner of M & M Pharma, said that the China-Pakistan Health Corridor (CPHC) is creating new opportunities for bilateral coope…

#China #Economy

Business Recorder

Pakistan seafood exports surpass historic USD500m milestone

KARACHI: Asim Abrar, CEO of Seagreen Enterprises and Chairman of the Korangi Fisheries Harbor Authority under the Ministry of Maritime Affairs, has welcomed Pakistan’s seafood exports crossing the historic USD500 million mark. Speaking on the achi…

#Economy

Business Recorder

PCB OTT platform to live-stream Pak-Australia ODI series

LAHORE: The forthcoming three matches ODI series between Pakistan and Australia in Pakistan, which are be played in Rawalpindi and Lahore from 30th May to 4th June will be live-streamed on “PCB Live.” The “PCB Live” will be the only platform where…

Business Recorder

Three primary channels: PIDE report flags ministries’ continued de facto control over regulators

ISLAMABAD: The Pakistan Institute of Development Economics (PIDE) has found that ministries retain pervasive de facto influence over their regulatory bodies through three primary channels: funding, appointments, and the issuance of policy guidelin…

#BusinessReforms

Business Recorder

Poland lauds Pak efforts in facilitating US, Iran dialogue

ISLAMABAD: Poland’s Ambassador to Pakistan, Maciej Pisarski, on Wednesday appreciated Islamabad’s role in facilitating dialogue between the United States and Iran, saying mediation efforts reflected the confidence both sides placed in Pakistan. “O…

#iranuswar

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PPL signs PSAs, licences for eight offshore exploration blocks

KARACHI: Pakistan Petroleum Limited (PPL) has signed Production Sharing Agreements (PSAs) and exploration licences for eight offshore exploration blocks awarded under the Pakistan Offshore Bid Round 2025, marking a significant step toward reviving…

#Economy

Business Recorder

RLNG consumers may face significantly inflated gas bills

ISLAMABAD: Domestic RLNG consumers may face significantly inflated gas bills this month following a sharp increase in RLNG prices, driven by higher distribution costs and geopolitical supply disruptions. The Oil and Gas Regulatory Authority (OGRA)…

#Inflation #PriceHike

Business Recorder

Rs2.134bn UHS budget for FY 2026-27 approved

LAHORE: The Board of Governors (BoGs) of University of Health Sciences (UHS) has approved a budget of Rs2.134 billion for the financial year 2026-27. The approval was granted during a meeting of the board chaired by Chairperson Farkhanda Wasim Afz…

#Economy