» Cotton arrival in Pakistan slumps in September 2024
03/10/24 15:28 from Business Recorder - Latest News
Cotton arrival in Pakistan registered a massive decline of 59% as of September 30, 2024, compared to the same period of the previous year, showed data released by the Pakistan Cotton Ginner’s Association (PCGA) on Thursday. As per the re...
» Ukraine’s military says it struck Russian radar station with ATACMS missiles
03/10/24 15:05 from Business Recorder - Latest News
KYIV: The Ukrainian military said on Thursday it had used ATACMS ballistic missiles to strike a Russian radar station to reduce Moscow’s ability “to detect, track and intercept aerodynamic and ballistic targets”. The military did not say...
» Major Gulf markets ease on fears of wider regional conflict
03/10/24 15:01 from Business Recorder - Latest News
Major stock markets in the Gulf fell in early trade on Thursday, extending losses from the previous session, after Iran’s ballistic missile strike on Israel heightened fears of a wider regional conflict. Israel bombed central Beirut earl...
» At least 60 dead in Nigeria boat accident, official says
03/10/24 14:59 from Business Recorder - Latest News
MAIDUGURI: At least 60 people were killed after a boat carrying mostly women and children returning from a religious festival in Nigeria’s northern Niger state capsized this week, a local official said. About 160 people have now been res...
» Russian rouble at lowest level for a year against yuan
03/10/24 14:56 from Business Recorder - Latest News
MOSCOW: The rouble fell to its lowest level against China’s yuan since Oct. 11, 2023 on Thursday ahead of a Russian finance ministry announcement on next month’s sales of foreign currency. At 0800 GMT the rouble was at 13.46 against the ...
» South African rand seesaws against buoyant dollar
03/10/24 14:54 from Business Recorder - Latest News
JOHANNESBURG: The South African rand wavered on Thursday against a buoyant dollar, as tensions simmered in the Middle East following Iran’s ballistic missile attack on Israel. At 0830 GMT, the rand was trading at 17.34 against the dollar...
» Article 63-A: SC annuls 2022 verdict, accepts review plea
03/10/24 15:11 from Business Recorder - Latest News
The Supreme Court accepted on Thursday a review petition against its 2022 verdict related to the defection clause under Article 63-A of the Constitution. A five-member bench headed by Chief Justice of Pakistan (CJP) Qazi Faez Isa and inc...
» Long-time deputy Latham under pressure to lift New Zealand
03/10/24 14:52 from Business Recorder - Latest News
A sombre leadership handover decided half a world from home marked Tom Latham’s rise to the New Zealand captaincy and provided a stark reminder of the funk the team finds itself in ahead of a daunting assignment in India. Following a sti...
» Oil rallies, stocks mostly retreat on Middle East tensions
03/10/24 17:03 from Business Recorder - Latest News
LONDON: Oil prices jumped and major stock markets mostly retreated Thursday as investors reacted to fears of widening conflict in the Middle East. The dollar gained, helped by its haven status and the outlook for global interest rates, w...
» Iran Revolutionary Guards consultant dies from injuries in Israeli strike on Damascus
03/10/24 14:42 from Business Recorder - Latest News
DUBAI: A consultant working for Iran’s Revolutionary Guards has died from injuries sustained in an Israeli air attack on the Syrian capital Damascus on Monday, Iran’s Student News Network reported on Thursday. It identified the consultan...
» Gold price per tola decreases Rs1,100 in Pakistan
03/10/24 14:44 from Business Recorder - Latest News
After increasing in the last session, gold prices in Pakistan declined on Thursday in line with their decrease in international rates. In the local market, the price of gold per tola decreased by Rs1,100, clocking in at Rs274,400. Simila...
» Yemen’s Houthis claim drone attack on Tel Aviv
03/10/24 12:59 from Business Recorder - Latest News
SANAA: Yemen’s Iran-backed Houthi rebels on Thursday said they carried out a drone attack on Tel Aviv, although there was no direct confirmation from Israeli authorities. In a statement, the Houthis said they “carried out a military oper...
» Gruelling schedule highlighted as Carlos Alcaraz runs from stadium to airport
03/10/24 12:56 from Business Recorder - Latest News
SHANGHAI: Carlos Alcaraz said Thursday he had no time to celebrate becoming the China Open champion thanks to the gruelling tennis schedule, rushing straight from the stadium to catch a flight to the ongoing Shanghai Masters. Alcaraz def...
» Sri Lanka spinner Praveen Jayawickrama banned from cricket for corruption
03/10/24 12:54 from Business Recorder - Latest News
COLOMBO: Sri Lankan spin bowler Praveen Jayawickrama has been banned from cricket for a year by the sport’s world governing body after he pleaded guilty to a corruption charge. The International Cricket Council said the 26-year-old spinn...
» Iran resumes flights after attack on Israel: state media
03/10/24 12:50 from Business Recorder - Latest News
TEHRAN: Iran resumed flights at its airports on Thursday, state media said, after a brief suspension following its missile attack on Israel. The Islamic republic launched 200 missiles at Israel on Tuesday evening, marking its second-ever...
» Boosted by positive indicators, KSE-100 surges over 750 points to close at record high
03/10/24 16:22 from Business Recorder - Latest News
Positive sentiment prevailed at the Pakistan Stock Exchange (PSX) as the benchmark KSE-100 Index gained over 750 points to close at a new record high on Thursday. At close, the benchmark index settled at 82,721.76, an increase of 754.76 ...
» 2024 Nobels offer glimmer of hope as global crises mount
03/10/24 12:40 from Business Recorder - Latest News
STOCKHOLM: Next week’s Nobel Prize announcements will crown achievements that made the world a better place, a glimmer of optimism amid a spiralling Middle East conflict, war in Ukraine, famine in Sudan and a collapsing climate. The priz...
» Pakistan, Malaysia reaffirm commitment to strengthen mutually beneficial partnership
03/10/24 12:45 from Business Recorder - Latest News
Pakistan and Malaysia reaffirmed on Thursday commitment to strengthen the mutually beneficial partnership between the two countries. This was expressed in a meeting between Prime Minister of Malaysia Dato’ Seri Anwar Ibrahim and Prime Mi...
» Dutch airline KLM unveils ‘firm’ cost-cutting measures
03/10/24 12:24 from Business Recorder - Latest News
THE HAGUE: Dutch airline KLM on Thursday announced a sweeping package of “firm” cost-cutting measures it hopes will lead to a boost in operating profits of around 450 million euros ($496 million) “in the short term.” There was no specifi...
» China urges UN Security Council to de-escalate Middle East crisis
03/10/24 12:18 from Business Recorder - Latest News
HONG KONG: China called on the United Nations Security Council to take “urgent actions” to de-escalate the situation in the Middle East as Israel launched fresh air strikes in Lebanon. China’s permanent representative to the UN, Fu Cong,...