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Nestle, Zydus, Abbott face India scrutiny over claims on children's products
Business Recorder · business
Nestle, Zydus, Abbott face India scrutiny over claims on children's products
Source summary
BENGALURU: India’s food safety regulator issued notices to Nestle India, Zydus Wellness, Abbott Healthcare and others ​on Wednesday over promotional claims involving products for infants and children ‌that it said breached rules. Nestle India flags food, commodity inflation after profit surges 36% The action comes days after the regulator proposed…
9m agoRead on Business Recorder →
Southwest Airlines cuts profit forecast as fuel costs overshadow turnaround gains
Business Recorder · business
Southwest Airlines cuts profit forecast as fuel costs overshadow turnaround gains
Source summary
Chicago: Southwest Airlines sharply cut its annual profit forecast on ‌Wednesday, as surging fuel costs overshadowed gains from higher airfares and a business overhaul. The Dallas-based carrier expects adjusted earnings of $2.60 to $2.85 per share in 2026, down from its earlier forecast of $3.25 to $4.25. The midpoint of…
13m agoRead on Business Recorder →
Bank of Korea holds rates as expected after back-to-back hikes
Business Recorder · business
Bank of Korea holds rates as expected after back-to-back hikes
Source summary
SEOUL: The Bank of ​Korea left its ‌benchmark interest rate unchanged at 3.00% ​on Thursday, ​pausing after back-to-back quarter-point ⁠hikes in ​July and August. The ​seven-member monetary policy board at the BOK ​voted to ​keep the seven-day repurchase rate ‌at ⁠3.00%, a decision that was forecast by all ​34 ​analysts…
15m agoRead on Business Recorder →
Explosives ban renders 4,000 mining projects inoperative in KP: FMOA
Business Recorder · business
Explosives ban renders 4,000 mining projects inoperative in KP: FMOA
Source summary
PESHAWAR: Frontier Mine Owners Association office bearers have urged the officials of relevant departments to focus on resolving the genuine problems of the mining sector instead of making the provincial minerals department a target of political criticism. They said that allegations against the department had created uncertainty among investors. President…
1h agoRead on Business Recorder →
Trade, investment, education, climate change: Dar for expanding cooperation with Maldives
Business Recorder · business
Trade, investment, education, climate change: Dar for expanding cooperation with Maldives
Source summary
ISLAMABAD: Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar called on Maldivian President Dr Mohamed Muizzu in Islamabad on Wednesday. Reaffirming Pakistan’s commitment to its longstanding fraternal relations with the Maldives, the DPM/FM underscored the importance of expanding bilateral cooperation, particularly in trade, investment, education, climate change and…
2h agoRead on Business Recorder →
NAO Section 32-A: IHC seeks Centre’s response to plea challenging constitutional validity
Business Recorder · business
NAO Section 32-A: IHC seeks Centre’s response to plea challenging constitutional validity
Source summary
ISLAMABAD: The Islamabad High Court (IHC) on Wednesday sought a response from the federal government on a petition challenging the constitutional validity of Section 32-A of the National Accountability Ordinance (NAO), particularly the provision allowing a second appeal before the Federal Constitutional Court (FCC). A single-member bench of Justice Umair…
2h agoRead on Business Recorder →
Ex-JCSC chief underscores need for resolving underlying Pakistan-India disputes
Business Recorder · business
Ex-JCSC chief underscores need for resolving underlying Pakistan-India disputes
Source summary
ISLAMABAD: Former Chairman of the Joint Chiefs of Staff Committee General Zubair Mahmood Hayat on Wednesday warned that recurring crises between the two nuclear-armed Pakistan and India could become increasingly dangerous if unresolved disputes, diminishing restraint and the absence of sustained political dialogue continued to undermine regional security. “Where disputes…
2h agoRead on Business Recorder →
Home Chefs Project: Coca-Cola Foundation, CARE Pakistan mark completion
Business Recorder · business
Home Chefs Project: Coca-Cola Foundation, CARE Pakistan mark completion
Source summary
ISLAMABAD: On International Chefs Day, The Coca-Cola Foundation and CARE Pakistan Wednesday marked the successful completion of the Home Chefs Project, a two-year initiative that trained over 8,000 entrepreneurs across eight cities in Pakistan, out of which nearly 7,200 are women. Implemented by CARE Pakistan with funding from The Coca-Cola…
2h agoRead on Business Recorder →
Tirmizi calls for greater private-sector engagement with Russian counterparts
Business Recorder · business
Tirmizi calls for greater private-sector engagement with Russian counterparts
Source summary
ISLAMABAD: Pakistan’s Ambassador to the Russian Federation, Faisal Niaz Tirmizi, on Wednesday stressed the need for greater private-sector engagement with Russian counterparts to translate shared economic interests into tangible commercial gains. During his visit to Islamabad Chamber of Commerce and Industry (ICCI) where he met with ICCI President Mohammad Zikria…
2h agoRead on Business Recorder →
19th Chief of CNS Amateur Golf Championship: Over 300 golfers may participate
Business Recorder · business
19th Chief of CNS Amateur Golf Championship: Over 300 golfers may participate
Source summary
ISLAMABAD: More than 300 golfers are expected to participate in the 19th Chief of the Naval Staff (CNS) Amateur Golf Championship, commencing October 22 at Margalla Golf Club, as Pakistan Navy seeks to promote competitive golf and develop emerging talent through national tournaments and grassroots training programmes. Addressing a media…
2h agoRead on Business Recorder →
Punjab mulls power supply plan for Sundar Industrial Estate
Business Recorder · business
Punjab mulls power supply plan for Sundar Industrial Estate
Source summary
LAHORE: The Punjab government is examining a proposed power supply arrangement for Sundar Industrial Estate and the Orange Line Metro Train to improve energy efficiency and explore cost-effective electricity solutions for industry and public transport. The proposal came under discussion at a meeting chaired by Provincial Minister for Energy Faisal…
2h agoRead on Business Recorder →
PRGMEA to represent apparel sector at ‘COP31’
Business Recorder · business
PRGMEA to represent apparel sector at ‘COP31’
Source summary
LAHORE: The Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) has announced that it will represent Pakistan’s value-added apparel sector at the 31st United Nations Climate Change Conference (COP31), to be held from November 9 to 20, 2026, in Antalya, Türkiye. The association aims to promote textile decarbonisation, sustainable manufacturing…
2h agoRead on Business Recorder →
Major cities: Untreated sewage, industrial wastewater posing risks to rivers, canals
Business Recorder · business
Major cities: Untreated sewage, industrial wastewater posing risks to rivers, canals
Source summary
HYDERABAD: Untreated domestic sewage and industrial wastewater from Pakistan’s major cities are posing serious risks to rivers, canals, groundwater and coastal ecosystems, threatening public health, aquatic life and water security in Sindh, water experts warned at a seminar held at Sindh Agriculture University (SAU), Tandojam, on Wednesday. The seminar was…
2h agoRead on Business Recorder →
‘Africa Diplomatic & Economic Conference’ to improve trade tries: Rafiq Memon
Business Recorder · business
‘Africa Diplomatic & Economic Conference’ to improve trade tries: Rafiq Memon
Source summary
KARACHI: Chairman of the Pakistan SADC Chamber Trade Federation PSCTF (Pakistan Chapter), Muhammad Rafiq Memon, has expressed confidence that the 1st Africa Diplomatic & Economic Conference 2026 will prove to be a significant milestone in promoting trade and investment between Pakistan and the African continent. He said the initiative by…
2h agoRead on Business Recorder →
Pharma exports fall in FY26; decline extends into Q1FY27
Business Recorder · business
Pharma exports fall in FY26; decline extends into Q1FY27
Source summary
KARACHI: Pakistan’s pharmaceutical exports fell sharply in FY26 and continued to decline in the first quarter of FY27, as disruption of trade with Afghanistan, once one of the country’s major markets for medicines, weighed on the sector’s export performance. Pakistan exported pharmaceutical products worth USD319.012 million in FY26, down from…
2h agoRead on Business Recorder →
Meta ordered to pay $25 billion to New Mexico after jury finds company misled consumers about data privacy
Business Recorder · business
Meta ordered to pay $25 billion to New Mexico after jury finds company misled consumers about data privacy
Source summary
A judge in New Mexico ordered Meta Platforms to pay $25 billion on Wednesday after a jury found the company had misled consumers in a case arising from allegations that a political consulting firm involved in Donald Trump’s 2016 presidential campaign obtained data from millions of Facebook users without their…
8h agoRead on Business Recorder →