Business Recorder

Russia flexes nuclear muscles as tensions rise with NATO

MOSCOW: Russia on Thursday delivered nuclear munitions to field facilities in Belarus and showcased elements of its strategic nuclear forces, as tensions with European NATO members rose over the Ukraine war and drone activity in the Baltic. Moscow…

#Russia #NATO #NuclearMuscles

Business Recorder

23 terrorists killed in KP operations, says ISPR

Security forces killed 23 terrorists during a series of intelligence-based operations in different areas of Khyber Pakhtunkhwa over the last 48 hours, the military’s media wing said on Thursday. According to the Inter-Services Public Relations (IS…

#Peshawar #PakArmy

Business Recorder

Petroleum levy should not be a fiscal tool, says forum

The Parliamentary Forum on Energy and Economy on Thursday warned that steep increases in the Petroleum Development Levy (PDL) have significantly fuelled inflation, disproportionately burdened low‑income households, and exposed deep structural fail…

#PetroleumLevy #FiscalPolicy

Business Recorder

Trump says US doesn’t want tolls on Strait of Hormuz

WASHINGTON: President Donald Trump said on Thursday that the United States does not want tolls on the Strait of Hormuz and will retrieve Iran’s stockpile of highly enriched uranium. “We will get it. We don’t need it, we don’t want it. We’ll probab…

#Trump #StraitofHormuz

Business Recorder

SBP-held forex reserves jump above $17bn on IMF inflows, Panda Bonds

Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $1.214 billion on a weekly basis, reaching $17.081 billion as of May 15, 2026, according to data released by the central bank on Thursday. The country’s total liquid f…

#SBP #ForexReserves #IMF

Business Recorder

Trump vows US will retrieve uranium from Iran

WASHINGTON: President Donald Trump vowed on Thursday that the United States will eventually recover Iran’s stockpile of highly enriched uranium despite comments from Iran that it will not hand over the material. “We will get it. We don’t need it, …

#DonaldTrump #Iran #Uranium

Business Recorder

Pakistan, Germany sign €40.5mn deal for climate, energy, and social projects

Pakistan and Germany signed on Thursday a technical cooperation agreement worth €40.5 million for the implementation of 9 projects of technical development, the Economic Affairs Division (EAD) said in a statement. The agreement aims at strengtheni…

#Germany #EnergyCrisis #Economy

Business Recorder

Pakistan announce squad for FIH Pro League matches in Belgium, England

The Pakistan Hockey Federation on Thursday announced a 20-member national squad for the upcoming FIH Pro League matches in Belgium and England. According to the Pakistan Sports Board (PSB), the squad was selected on the recommendations of the Nati…

#FIHProLeague #Belgium #England

Business Recorder

10th IPO of the year: Sitara Petroleum Service Limited listed on PSX

Sitara Petroleum Service Limited has been listed on the Pakistan Stock Exchange (PSX) after completing its initial public offering (IPO), the PSX said on Thursday. According to a press release, the IPO raised Rs4.8 billion through pre-IPO and IPO …

#SitaraPetroleum #PSX #Economy

Business Recorder

Gulf shares rise on Iran deal hopes, firmer oil prices

BENGALURU: Gulf stock markets rebounded on Thursday, as expectations that the U.S. was nearing a deal with Iran to end the Middle East war and firmer oil prices lifted investor sentiment. Oil prices rose 2% after Reuters reported that Iran’s Supre…

#OilPrices #GulfShares #Economy