Business Recorder

At least 12 injured in exchange of gunfire near Ohio festival, police say

NEW YORK: At least a dozen people were wounded on Saturday in Toledo, Ohio, as two shooters traded gunfire, ​police said. Two of the wounded are in critical condition, police ‌said at a news conference. The victims ranged in age from 14 to 61, pol…

#Ohio

Business Recorder

Polling begins for Gilgit-Baltistan general elections

Polling for the Gilgit-Baltistan General Elections 2026 began on Sunday morning amid stringent security arrangements across the region, with voters casting their ballots to elect members of the Gilgit-Baltistan Legislative Assembly. Polling starte…

#GilgitBaltistanElections2026

Business Recorder

Govt jacks up petrol PL, reduces on HSD

ISLAMABAD: In its weekly review of petroleum prices effective from June 6, 2026, the government significantly increased petroleum levy (PL) on petrol, but at the same time reduced the levy on the high speed diesel (HSD). After the petroleum levy a…

#OilPrices #FuelPrices #Economy

Business Recorder

World Bank approves restructuring of USD190m PHFP

ISLAMABAD: The World Bank has approved the restructuring of the USD 190.24 million Pakistan Housing Finance Project (PHFP), expanding the scope of its flagship risk-sharing facility and revising key performance targets to reflect changing market c…

Business Recorder

Small traders reject tax scheme

KARACHI: Traders have rejected as “ridiculous” and “unacceptable” the tax scheme announced by Finance Minister Muhammad Aurangzeb and Minister of State for Finance Bilal Azhar Kayani, suspecting that the initiative is framed to protect big busines…

Business Recorder

Air Canada suspends Cuba operations ‘indefinitely’

MONTREAL: Air Canada said Friday that it was suspending its service to Cuba indefinitely, citing “political and economic uncertainty” on the island facing intensifying pressure from US President Donald Trump. Canada’s national carrier, which in Fe…

Business Recorder

SECP slaps Rs3.18m penalties on ‘non-compliant’ SOEs

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has concluded enforcement proceedings against 36 State-Owned Enterprises (SOEs), imposing monetary penalties totaling Rs 3.18 million through 46 adjudication orders, while issuin…

Business Recorder

Naqvi meets PM before departure to Iran

LAHORE/ISLAMABAD: Federal Interior Minister Mohsin Naqvi left for Tehran on Saturday after holding consultations with Prime Minister Shehbaz Sharif and other senior officials, as the visit is being viewed as an effort to help revive the stalled ta…

#MohsinNaqvi

Business Recorder

Iran launches salvo of missiles at Bahrain, Kuwait

TEHRAN: Iran launched a salvo of missiles at US allies Bahrain and Kuwait on Saturday, after renewed American strikes, drawing a furious response from the Gulf monarchies and further undermining a fragile truce. Weeks of indirect talks marked by t…

#GulfCountries

Business Recorder

APTMA wants customs tariff overhaul

LAHORE: The All Pakistan Textile Mills Association (APTMA) has presented the government with an extensive set of proposals seeking fundamental changes to the country’s customs tariff framework for the fiscal year 2026-27, warning that without imme…