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

Business Recorder

Powerful Philippine quake leaves at least 32 feared dead, survivors recount fear

GENERAL SANTOS: The death toll in a powerful 7.8‑magnitude earthquake off the southern Philippine island of Mindanao on Monday has risen to at least 32, with dozens of people injured, disaster officials said, as Manila stepped up search and rescue…

#Philippines #DrowningIncident

Business Recorder

‘Give peace a little more chance’: PM Shehbaz urges restraint amid escalating Middle East tensions

Prime Minister Shehbaz Sharif on Monday expressed concern over the recent escalation of violence in the Middle East, warning that the fragile nature of the existing ceasefire could lead to serious consequences and undermine ongoing diplomatic effo…

#Shehbaz #MiddleEastTensions

Business Recorder

India bond rally survives US-Iran war, oil flare-up in RBI policy afterglow

MUMBAI: Indian government bonds advanced on Monday, defying an oil price spike triggered by escalation in the war in the Middle East, as optimism over the Reserve Bank of India’s softer policy tone and steps to attract foreign inflows supported se…

#India #Economy #OilPrices

Business Recorder

Chicago wheat falls to two-month lows on ample supply, corn and soybeans also down

BEIJING/HAMBURG: Chicago wheat futures fell to their lowest level in around two months on Monday, pressured by abundant global supplies, weak demand for U.S. exports and the advancing harvest in the U.S. Plains. Corn and soybeans also dropped, wit…

#WheatPrices #Economy

Business Recorder

India reports surprise current account surplus in Jan-March quarter

MUMBAI: India reported a surprise current account surplus in the January-March quarter of fiscal 2025/26 on the back of strong earnings from the services sector and an increase in worker remittances, the central bank said on Monday. The current ac…

#India

Business Recorder

FO slams British MPs, diaspora comments on AJK as ill-informed

Pakistan on Monday rejected “irresponsible and ill-informed” remarks by certain members of the diaspora in the United Kingdom and some British lawmakers regarding the situation in Azad Jammu and Kashmir (AJK), urging them to refrain from interferi…

#Muzaffarabad

Business Recorder

World Oceans Day: fishing and the future stability of marine ecosystems

The ocean is not just a vast body of water surrounding continents – it is the heartbeat of the planet. It regulates climate, produces oxygen, supports marine life, and feeds more than three billion people worldwide. Yet today, this life-supporting…

#MarineEcosystems