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Business Recorder Business Recorder is Pakistan's premier financial publication

Business Recorder is Pakistan's biggest financial daily, and the first such publication to be published in the Muslim world. The publication is owned by the Business Recorder Group, one of South Asia's preeminent media conglomerates.

The Pakistan Telecommunication Authority (PTA) on Tuesday said it had made “significant strides” in enhancing internatio...
24/12/2024

The Pakistan Telecommunication Authority (PTA) on Tuesday said it had made “significant strides” in enhancing international connectivity through the facilitation of Transworld Associate (TWA), the landing partner of 2Africa submarine cable for Pakistan.

The initiative “will improve Pakistan’s international telecommunications infrastructure and enhance connectivity”, it added.

Read more:
https://www.brecorder.com/news/40339363/2africa-submarine-cable-pta-says-made-significant-strides-to-boost-internet-connectivity

Billionaire tech mogul Elon Musk’s startup xAI said it had raised $6 billion from investors in its latest funding round,...
24/12/2024

Billionaire tech mogul Elon Musk’s startup xAI said it had raised $6 billion from investors in its latest funding round, as it battles stiff competition in the artificial intelligence market.

The firm, whose flagship product is the Grok chatbot, garnered support from US venture capitalists, chipmakers NVIDIA and AMD, and investment funds from Saudi Arabia and Qatar among others.

Read more:
https://www.brecorder.com/news/40339355/musks-ai-startup-raises-further-6bn

24/12/2024

Recorder headlines: December 24, 2024 (4pm)

Business Recorder helps its viewers by compiling important updates to save your valuable time and effort.

Here are the top stories:

After remaining unchanged in the previous session, gold prices in Pakistan declined on Tuesday, in line with their fall ...
24/12/2024

After remaining unchanged in the previous session, gold prices in Pakistan declined on Tuesday, in line with their fall in the international rates. In the local market, the price of gold per tola clocked in at Rs272,600, after a single-day decrease of Rs800.

The 10-gram gold was sold at Rs233,711 after it registered a decrease of Rs685, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

Read more: https://www.brecorder.com/news/40339351/gold-price-per-tola-decreases-rs800-in-pakistan

Advisor to Finance Minister, Khurram Schehzad on Tuesday urged the Pakistan Stock Exchange (PSX) and Securities Exchange...
24/12/2024

Advisor to Finance Minister, Khurram Schehzad on Tuesday urged the Pakistan Stock Exchange (PSX) and Securities Exchange Commission of Pakistan (SECP) to develop a roadmap aimed at increasing Pakistan’s weight within the MSCI Frontier Markets (FM) Index.

This should ultimately lead to Pakistan’s inclusion in the MSCI Emerging Markets Index, said Schehzad during his visit to the PSX, to discuss strategies for enhancing the depth and performance of the capital market, read a press release issued by the PSX.

Read more: https://www.brecorder.com/news/40339347/finance-ministry-official-calls-for-roadmap-to-boost-pakistans-weight-in-msci-fm-index

A strike at Starbucks’ US stores will expand to over 300 stores on Tuesday, with more than 5,000 workers expected to wal...
24/12/2024

A strike at Starbucks’ US stores will expand to over 300 stores on Tuesday, with more than 5,000 workers expected to walk off the job, before the five-day work stoppage ends later on Christmas Eve, the workers’ union said.

Starbucks Workers United, representing employees at 525 stores nationwide, said more than 60 US stores across 12 major cities, including New York, Los Angeles, Boston and Seattle, were shut on Monday.

Read more: https://www.brecorder.com/news/40339346/starbucks-strike-to-expand-to-over-300-us-stores-on-christmas-eve-union-says

The slowing inflationary trend in Pakistan is likely to persist as the CPI-based figure is expected to clock in at 4% in...
24/12/2024

The slowing inflationary trend in Pakistan is likely to persist as the CPI-based figure is expected to clock in at 4% in December, marking a 6.5-year low, according to a report by brokerage house JS Global on Tuesday.

“Following a 4.9% reading in Nov-2024, the Consumer Price Index (CPI) is expected to drop to 4% in Dec-2024, marking a 6.5-year low continuing Pakistan’s current sharp disinflation trend,” stated the report.

Read more: https://www.brecorder.com/news/40339339/pakistans-inflation-anticipated-to-lower-further-in-december-easing-cycle-likely-to-continue

UK families of some 240,000 people who died from Covid-19 have hung festive lights on a London wall, a symbol of love, a...
24/12/2024

UK families of some 240,000 people who died from Covid-19 have hung festive lights on a London wall, a symbol of love, anger and pain ahead of another Christmas overshadowed by loss.

As the fifth anniversary of the global pandemic approaches, emotions still run raw across the UK amid lingering accusations that the then government responded too slowly to the crisis.

Read more: https://www.brecorder.com/news/40339338/london-wall-illuminates-covids-enduring-pain-at-christmas

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No compromise on Pakistan’s nuclear program: PM Shehbaz
No compromise on Pakistan’s nuclear program: PM Shehbaz

Prime Minister Shehbaz Sharif said on Tuesday that there will be no compromise on Pakistan’s nuclear programme. Addressing the federal cabinet meeting today, the PM said that Pakistan’s nuclear program was solely for defensive purposes and would not be used aggressively. Read more: https://www.brecorder.com/news/40339348/no-compromise-on-pakistans-nuclear-program-pm-shehbaz #PMShehbazSharif #NuclearProgramme

Recorder headlines: December 24, 2024 (4pm)
Recorder headlines: December 24, 2024 (4pm)

Recorder headlines: December 24, 2024 (4pm) Business Recorder helps its viewers by compiling important updates to save your valuable time and effort. Here are the top stories: #BusinessRecorder #RecorderHeadlines

Govt asks PTI to submit charter of demands in next round of talks
Govt asks PTI to submit charter of demands in next round of talks

The government committee has requested Pakistan Tehreek-e-Insaf (PTI) to submit its charter of demands in the next round of talks, expected to take place in the first week of January 2025. This was stated in an official statement following the first session of negotiations between the government and PTI to defuse the prevailing tensions. Read more: https://www.brecorder.com/news/40339156/govt-asks-pti-to-submit-charter-of-demands-in-next-round-of-talks #PTI #PTIGovtTalks

Recorder headlines: December 23, 2024 (4pm)
Recorder headlines: December 23, 2024 (4pm)

Business Recorder helps its viewers by compiling important updates to save your valuable time and effort. Here are the top stories:

Army Chief Munir visits Wana in South Waziristan
Army Chief Munir visits Wana in South Waziristan

Army Chief Munir visits Wana in South Waziristan

Fire breaks out in a clothing warehouse near Jamshed Road in Karachi #Karachi #Fire

Recorder headlines: December 21, 2024 (4pm)
Recorder headlines: December 21, 2024 (4pm)

Business Recorder helps its viewers by compiling important updates to save your valuable time and effort. Here are the top stories: #BusinessRecorder #RecorderHeadlines

Recorder headlines: December 20, 2024 (4pm)
Recorder headlines: December 20, 2024 (4pm)

Business Recorder helps its viewers by compiling important updates to save your valuable time and effort. Here are the top stories:

Establishing peace in Kurram top priority, Mohsin Naqvi assures CM Gandapur
Establishing peace in Kurram top priority, Mohsin Naqvi assures CM Gandapur

Interior Minister Mohsin Naqvi assured on Friday Khyber Pakhtunkhwa Chief Minister Ali Amin Khan Gandapur that establishing peace in Kurram was the government’s top priority. The interior minister called on the CM ahead of the apex committee. As per a statement by the interior ministry, the two exchanged views on establishing peace in Kurram. Read more: https://www.brecorder.com/news/40338749/establishing-peace-in-kurram-top-priority-mohsin-naqvi-assures-cm-gandapur #MohsinNaqvi #AliAminGandapur #KurramDistrict

PM Shehbaz meets Iranian President Pezeshkian during D-8 summit in Cairo
PM Shehbaz meets Iranian President Pezeshkian during D-8 summit in Cairo

PM Shehbaz meets Iranian President Pezeshkian during D-8 summit in Cairo

President Zardari, Chinese envoy discuss bilateral cooperation
President Zardari, Chinese envoy discuss bilateral cooperation

President Zardari, Chinese envoy discuss bilateral cooperation

PM Shehbaz meets Turkish President Erdogan during D-8 summit in Cairo
PM Shehbaz meets Turkish President Erdogan during D-8 summit in Cairo

PM Shehbaz meets Turkish President Erdogan during D-8 summit in Cairo

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Pakistan signs loan agreement worth $918 million with World Bank

Business Recorder is the biggest financial daily in Pakistan and the first such publication to be published in the Muslim world.