Business Recorder

Lebanese president makes appeal to Israeli government to pursue talks, not war

BEIRUT: Lebanese President Joseph Aoun made a rare public appeal to the Israeli government and people in an interview with CNN aired on Monday, saying a military solution “will never provide you with security and safety” for the people in northern…

#MiddleEastTension

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President Zardari, PM Shehbaz discuss budget, security, regional situation

President Asif Ali Zardari and Prime Minister Shehbaz Sharif on Monday held a high-level meeting at Aiwan-e-Sadr to discuss national security, the upcoming federal budget, the regional situation, and other matters of national importance. The meeti…

#AsifZardari #ShehbazSharif #PunjabBudget

Business Recorder

India inflation likely rose to 4% in May as food, fuel costs climb: Reuters poll

BENGALURU: India’s inflation likely rose ​to the Reserve Bank of India’s medium-term target of 4% in May, driven by a pickup in ‌vegetable prices and higher fuel costs following the U.S. and Israel war against Iran, a Reuters poll of economists sh…

#India #Inflation #FuelCrisis

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India’s BPCL says to shut crude unit at Mumbai refinery in November

India’s Bharat Petroleum Corporation will shut a 120,000 barrel per day crude unit and some secondary units at its Mumbai refinery for maintenance in November, an industry source said on Monday. The state-run refiner initially planned to shut the …

#India #OilPrices

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Three Air India aircraft grounded after weather damage, regulator says

Three Air India Airbus A320 aircraft have been grounded for inspection and maintenance after they were damaged on June 7 due to poor weather conditions, India’s aviation regulator said on Monday. Strong winds moved ground equipment into two of the…

#AirIndia #Weather

Business Recorder

Dar chairs review of auto policy with focus on accelerating EV transition

Deputy Prime Minister and Foreign Minister Senator Ishaq Dar on Monday chaired a high-level meeting to review Pakistan’s Auto and Auto Parts Policy, with a particular focus on accelerating the country’s transition towards electric vehicles (EVs). …

#IshaqDar

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India-US trade deal can be finalised after tariff probe concludes, official says

NEW DELHI: India is pushing for preferential new tariffs from the United States as part of talks to finalise an interim trade deal with Washington, an Indian trade official said on Monday. The U.S. and India reached an initial understanding on a t…

Business Recorder

PTC seeks 10-year fixed-rate financing, tax relief for exporters in budget

The Pakistan Textile Council (PTC) has urged the government to introduce a 10-year fixed-rate financing facility for industrial investment, restore the Final Tax Regime (FTR) for exporters and abolish advance taxes on the export sector in the fede…

#TaxSystem

Business Recorder

Wall St gains as chips rebound, Middle East tensions ease

Wall Street’s major indexes advanced on Monday, as chipmakers bounced back from a sharp selloff last week, while investors took comfort from signs of cooling tensions in the Middle East. Intel shares jumped 8.5%. The Information reported that Alph…

#Tension

Business Recorder

Iran, Israel say they have halted strikes on each other for now

DUBAI/OCCUPIED JERUSALEM: Iran and Israel said on Monday they had halted attacks on each other ​following an appeal from U.S. President Donald Trump that they immediately “stop ‘shooting’”, though Tehran said it would resume strikes if Israel cont…

#Tehran #IranNegotiation