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Business Recorder
EDITORIAL: An economy that loses more foreign exchange through profit repatriation than it gains through foreign direct investment has an investment problem, a confidence problem and, ultimately, a credibility problem. The latest figures showing prof
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Business Recorder
PM tells NA: US-Iran deal could ease global tensions
ISLAMABAD: In a cautiously upbeat signal amid lingering geopolitical fault lines, Prime Minister Shehbaz Sharif on Tuesday welcomed the latest US-Iran understanding, saying he hoped it could evolve into a “long-lasting agreement” capable of easing wi
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Business Recorder
PM vows Pakistan will never let Iran down
ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday expressed gratitude to Iran’s leadership for its confidence in Pakistan’s role as a mediator, saying Islamabad would persist with its diplomatic efforts “until everlasting peace is achieved” and vow
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Business Recorder
Forty drown in France as people seek relief from Europe’s heatwave
PARIS/MADRID: Forty people have drowned in France over recent days as they sought to cool down to escape record heat, the prime minister said on Tuesday, as a heatwave swept across much of Europe. Britain, Italy, Switzerland and Spain were also swelt
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Business Recorder
China displaces US for world’s fastest supercomputer crown
WASHINGTON: A Chinese machine has seized the title of world’s most powerful supercomputer, ending nearly a decade of US dominance and underscoring Beijing’s drive to build advanced computing power with homegrown technology. The system, called LineShi
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Business Recorder
International Gaza force: Moroccan contingent arrives in Israel
JERUSALEM: Officers from the Moroccan military, whose deployment was announced in February, have arrived in Israel to join a nascent international force for Gaza, US President Donald Trump’s Board of Peace said Tuesday. An official from the board sep
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Business Recorder
CCP approves acquisition of BASF Pakistan by UAE firm
ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the acquisition of BASF Pakistan (Private) Limited by UAE-based Kemyion Chemical Solutions Trading FZCO, according to the CCP’s merger order released on Tuesday. According to the or
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Business Recorder
Gas production at Sahito-1 begins
ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL) on Tuesday announced the successful commencement of gas production from the Sahito-1 discovery well in the Lower Goru Formation (Massive Sand) within the Khewari Exploration Licence locat
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Business Recorder
KP drops MHPP from World Bank-funded energy project
ISLAMABAD: The Khyber Pakhtunkhwa (KP) government has decided to drop the 215-megawatt Madyan Hydropower Project (MHPP) from the overall World Bank-financed Khyber Pakhtunkhwa Hydropower and Renewable Energy Development Project after a massive financ
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