Business Recorder

Pakistan’s iTANZ approves Rs4.34bn overseas acquisition

Pakistan-based iTANZ Technologies Limited has approved an investment of up to AUD 21,857,641, approximately Rs4,344 million, to acquire 51% stake in Australia-based ITANZ Infinity Pty Ltd, an associated company. The information was disclosed in a …

#Legislation

Business Recorder

Oil prices climb more than $3 after Israeli strikes on Lebanon

PERTH/ BEIJING: Brent oil prices jumped more than $3 a barrel on Monday, initially spooked by Israel’s launch of renewed strikes on Lebanon a day earlier, but also gaining further steam after sounds of explosions were heard in Iran. Sounds of blas…

#Palestine #OilPrices

Business Recorder

Australia lose captain Marsh, opener Head for Bangladesh ODI series

Australia captain Mitchell Marsh, opener Travis Head and spinner Tanveer Sangha have all been ruled out of the three-match one-day international (ODI) series Bangladesh, the country’s cricket board said on Monday. The trio have been replaced by To…

#Bangladesh

Business Recorder

Selling engulfs bourse, KSE-100 down 1,900 points

Selling pressure engulfed the Pakistan Stock Exchange (PSX) amid escalating geopolitical tensions, with the benchmark KSE-100 Index shedding over 1,900 points during the opening minutes of trading on Monday. At 9:30am, the benchmark index was hove…

#KSE100

Business Recorder

Trump says will urge Netanyahu not to retaliate against Iranian missiles: Axios

WASHINGTON: US President Donald Trump said Sunday he will call Israeli Prime Minister Benjamin Netanyahu to urge him not to retaliate against Iranian missile strikes on Israel, news outlet Axios reported. “I am going to call Bibi right now and tel…

#DonaldTrump #BenjaminNetanyahu #Iran

Business Recorder

Israel military chief vows to strike Iran ‘with force as soon as greenlight is given’

JERUSALEM: Israeli military chief Lieutenant General Eyal Zamir vowed Sunday that the military would strike Iran “with force” upon receiving orders, after the Islamic republic fired missiles at Israel. Also read: Iran fires missiles at Israel for …

#Israel #Iran

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Israel army says Iran committed ‘grave mistake’ by firing missiles

JERUSALEM: Israel accused Tehran of committing a “grave mistake” on Sunday after reporting it had come under several waves of Iranian missile fire, the first such attack since a truce was announced on April 8 in the Middle East War. Air raid siren…

#Israel #Iran

Business Recorder

Stabilisation fatigue is now setting in

EDITORIAL: Balancing the budget is becoming increasingly difficult. Despite imposing exorbitant taxes on the formal sector, the FBR (Federal Board of Revenue) is missing its revenue target by a wide margin, while next year’s targets are becoming e…

#Economy

Business Recorder

Iraq, Syria close airspace after Iran attacks Israel

BAGHDAD: Iraq and Syria closed their airspace as a safety precaution on Sunday after their eastern neighbour Iran launched missiles across their territory towards targets in Israel. Also read: Iran fires missiles at Israel for first time since tru…

#Iraq #Syria #Iran #Israel

Business Recorder

49 cricketers called for pre-season camps at NCA

LAHORE: Pakistan Cricket Board (PCB) has called 49 players who will take part in National Cricket Academy’s Red-Ball and White-Ball camps. The NCA Red-Ball Camp will begin on Monday, 8th June and continue until Friday, 10th July with 22 players ta…

#NCA