Business Recorder

Restoring FTR a win-win situation: KCCI

KARACHI: President of the Karachi Chamber of Commerce and Industry (KCCI) Rehan Hanif has urged the government to immediately restore the Final Tax Regime (FTR) for exporters, saying that it would boost exports, make Pakistani products more compet…

#TaxSystem

Business Recorder

Senate panel calls for MDCAT policy framework review

ISLAMABAD: A parliamentary panel on Friday called for a comprehensive review of the Medical and Dental College Admission Test (MDCAT) policy framework, reforms to ensure uniformity in the medical admissions process across Pakistan, and an evaluati…

Business Recorder

Stupendous funds, efforts required to meet climate commitments

ISLAMABAD: Pakistan will require an estimated USD565.7 billion in climate-related investment by 2035 to implement its updated climate commitments, as the country seeks to cut projected greenhouse gas emissions by up to 50 percent while strengtheni…

#Environment

Business Recorder

TAC demands tax burden ease for tobacco export

ISLAMABAD: Chairman of the Tobacco Action Committee (TAC) Khyber Pakhtunkhwa, Irshad Khan, Friday urged the federal government and the Federal Board of Revenue (FBR) to immediately address the serious challenges facing Pakistan’s tobacco sector, w…

#TaxSystem

Business Recorder

Weekly SPI inflation down 0.56pc

ISLAMABAD: The Sensitive Price Index-based inflation fell by 0.56 percent during the week ending June 4, 2026, largely due to notable downward trends in the prices of chicken (9.48%), garlic (9.13%), garlic and diesel (7.01% each), according to we…

#SPIInflation #Inflation #Economy

Business Recorder

Petrol price slashed by Rs4, HSD’s unchanged

ISLAMABAD: The federal government on Friday announced an Rs 4 per litre reduction in the ex-depot price of petrol, effective from Saturday. Meanwhile, the rate for High-Speed Diesel (HSD) remains unchanged following the latest weekly review. With …

#PetrolPrice #FuelCrisis #HSD

Business Recorder

Leak on space station triggers brief safety alert

WASHINGTON: Astronauts working on the International Space Station briefly sheltered in a docked capsule Friday as Russian colleagues assessed leak repairs, NASA said. Five astronauts had briefly entered the docked Dragon spacecraft as a precaution…

#SpaceStation #NASA #SafetyAlert

Business Recorder

Russian economy has not collapsed: Putin

SAINT PETERSBURG: The Russian economy has not fallen apart, President Vladimir Putin said on Friday, dismissing Western criticism that his country’s economic engine had run out of steam. The Kremlin’s offensive against Ukraine has put Russia’s fin…

#VladimirPutin #RussianEconomy #Russia

Business Recorder

Pakistan Chemical Expo 2026 opens in Lahore

LAHORE: The two-day Pakistan Chemical Expo 2026 commenced in Lahore on Friday with a grand inauguration ceremony, bringing together industry leaders, policymakers, investors, researchers and technology providers to explore opportunities for growth…

#Lahore #PakistanChemicalExpo #Expo2026

Business Recorder

Ireland bans two Israeli ministers from entering country

DUBLIN: Ireland announced on Friday it has banned Israeli National Security Minister Itamar Ben Gvir and finance minister Bezalel Smotrich from entering the country, slamming their behaviour towards pro-Palestinian activists. Justice Minister Jim …

#Ireland #Israel #Diplomacy