Business Recorder

Pakistan rejects India’s remarks on Gilgit-Baltistan polls, reiterates Kashmir stance

Pakistan on Friday strongly rejected India’s comments regarding the upcoming elections in Gilgit-Baltistan, describing them as “baseless” and accusing New Delhi of attempting to distort facts through propaganda. In a statement issued by the Foreig…

#Gilgit #IndiaUS

Business Recorder

Budget 2026-27: real estate sector seeks tax reforms to spur investment

Stakeholders in the real estate sector have urged the government to introduce tax reforms as well as rationalise taxes to attract both local and foreign investment and boost construction activities across the country. They pointed out that the ong…

#BudgetFunds #TaxSystem #FBR

Business Recorder

Madonna stuns fans with New York pop-up concert

NEW YORK: To the delight of hundreds of lucky fans, the Material Girl… suddenly materialized in New York’s Times Square for a pop-up concert. Madonna, 67, strutted her stuff in a pink corset, blue bra, thigh-highs and blue shades Thursday night to…

Business Recorder

Indian bonds rally after RBI rate pause, FX-boosting measures

MUMBAI: India’s benchmark bond jumped to a one-month high after the central bank kept interest rates unchanged on Friday and unveiled a host of measures to draw foreign capital into local debt and equities. While a rate pause was widely expected, …

#India #Economy

Business Recorder

Sri Lankan shares extend losing streak to five sessions, logs weekly loss

Sri Lankan shares closed slightly lower on Friday, extending losses to a fifth straight session and posting a weekly decline, as losses in utilities and IT stocks countered gains in energy and financials. The CSE All Share index settled down 0.07%…

#SriLanka

Business Recorder

India’s ICICI Prudential AMC restricts subscription in gold ETF

India’s ICICI Prudential Asset Management Company said on Friday it has temporarily restricted subscriptions in its gold exchange-traded fund (ETF). The company said it will not accept direct subscriptions of more than 250 million rupees ($2.63 mi…

#GoldETF #India

Business Recorder

Iran says it fired warning missiles and drones at US warships in Gulf of Oman

DUBAI: Iran’s navy said on Friday it had fired warning missiles and drones at U.S. warships in the Gulf of Oman, accusing the U.S. Navy of harassing maritime traffic and seizing commercial vessels and oil tankers, Iranian state media reported. Ear…

#GulfOfOman #Iran #USWarships

Business Recorder

Spurs sign Robertson on free transfer after Liverpool exit

Tottenham Hotspur have signed full back Andy Robertson on a free transfer, the Premier League club said on Friday after the Scotland international left Liverpool at the end of his contract. The 32-year-old left Liverpool after a nine-year stint wh…

#Spurs #Robertson

Business Recorder

India scraps capital gains tax on foreign investors in government debt to support Indian rupee

NEW DELHI: India said on Friday it would exempt foreign institutional investors and the Bank for International Settlements from capital gains tax on receipts arising from interest or sale of government securities. The decision, announced through a…

#IndiaUS #EconomicGrowth

Business Recorder

First tranche of US-India trade deal likely by mid-July, says India trade minister

NEW DELHI: India and the United States are moving swiftly toward finalising the first tranche of a bilateral trade agreement that could be concluded by mid-July, Indians Trade Minister Piyush Goyal said on Friday. The U.S. and India reached an ini…

#IndiaUS #Agreement