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  Home > Finance > Business News
 Latest Business and Finance News
Asia subdued before oil producers' meeting, China GDP taken in stride [Reuters]


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Oil price rally slows  [The Nation] 30 Sep, 2016


LONDON : An oil price rally fuelled by OPEC's deal to cut crude output ran out of steam Thursday with analysts doubti ...

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Thar coal project ahead of schedule: SECMC CEO  [The Nation] 30 Sep, 2016

ISLAMABAD -  Thar coal project is progressing five months ahead of schedule and will add 660 megawatts of electricity to the national grid by 2019, Sindh Engro Coal Mining Company (SECMC) CE ...

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OPEC agrees modest oil output curbs in first deal since 2008  [The Nation] 29 Sep, 2016

OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices.

"OPEC made an exc ...

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IMF approves last tranche of $102m  [The Nation] 29 Sep, 2016

ISLAMABAD - The International Monetary Fund (IMF) on Wednesday approved the last tranche of $102 million for Pakistan.

The executive board of the IMF has ...

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US durable goods orders flat in August  [The Nation] 29 Sep, 2016

WASHINGTON - Orders for US manufactured durable goods were unchanged in August, hitting a plateau after rising in July, according to data released Wednesday by the Commerce Department.

< ...
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Oil stages tepid rebound  [The Nation] 29 Sep, 2016

SINGAPORE - Oil prices posted marginal gains in Asia Wednesday as an industry report showing a decline in US stockpiles was offset by worries about the chances of this week’s key producers ...

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Progress on financial inclusion initiatives reviewed  [The Nation] 28 Sep, 2016

ISLAMABAD - Finance Minister Ishaq Dar Tuesday chaired 3rd meeting of National Financial Inclusion Council (NFIS) that reviewed progress on financial inclusion initiatives and allied indicators.< ...

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Pacra upgrades Bank of Punjab rating  [The Nation] 28 Sep, 2016

LAHORE - In recognition of improved financial health of the Bank, the Pakistan Credit Rating Agency (PACRA) has upgraded the long-term entity rating of The Bank of Punjab to “AA” with ...

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Unbundling of gas utilities to be discussed today  [The Nation] 28 Sep, 2016

ISLAMABAD - In connection to unbundling of Sui Southern Gas Company and Sui Northern Gas Pipeline Limited, third round of talks between the federal and provincial governments will be held here to ...

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Businessmen advised to fully exploit US GSP programme  [The Nation] 28 Sep, 2016

ISLAMABAD - Benjamin Embury, second secretary for Trade and Investment, Embassy of the United States of America, has called upon the Pakistani business community to take full benefit of US Genera ...

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Haroon pledges no raids on business centres  [The Nation] 28 Sep, 2016

RAWALPINDI - A traders’ delegation held meeting with Advisor to Prime Minister on Revenue Haroon Akhtar on the sidelines of Rawalpindi Chamber of Commerce and Industry (RCCI) Achievement ce ...

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Farmers to get land levelers  [The Nation] 28 Sep, 2016

FAISALABAD - As many as 99 laser land levelers will be distributed among the farmers of the district.
A spokesman for the Agriculture (Extension) Department said here on Tuesday that the la ...

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ADB forecasts 5.2pc growth for ongoing fiscal year  [The Nation] 28 Sep, 2016

ISLAMABAD - Assuming further improvement in energy supply and security, and likely recovery in agriculture, the Asian Development Bank (ADB) on Tuesday forecasted Pakistan's economic growth at 5. ...

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PSX index adds 74 points  [The Nation] 28 Sep, 2016

KARACHI - Consolidation was seen at the stock market on Tuesday because of roll over week.
The 100-share index gained 73.
62 points (up 0.
18%) and closed at 40,294 points level.< ...

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German regulator orders Facebook to delete WhatsApp user data  [The Nation] 27 Sep, 2016

A German privacy regulator ordered Facebook (FB.O) on Tuesday to stop collecting and storing data of German users of its messaging app WhatsApp and to delete all data that has already been forwarded to it.

The Hamburg Com ...

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Global money laundering group urges Singapore to step up its efforts  [The Nation] 27 Sep, 2016

An international group that monitors money laundering said on Tuesday that Singapore should pursue more offenders involved in international cases and take more action to confiscate suspicious funds moving through the city-state ...

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Iran downplays chances of oil deal, UAE keen on freeze  [The Nation] 27 Sep, 2016

Iran downplayed on Monday the chances of OPEC and non-OPEC oil producers clinching an output-restraint deal in Algeria this week even though several other members of the group said they still hoped for steps to tackle a price-e ...

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Foreign lenders released only $358.5m in July-Aug  [The Nation] 27 Sep, 2016

ISLAMABAD -  Foreign lenders continued their tight cash release policy for Pakistan in first couple of months of the ongoing financial year (2016-17) as it released only $358.
5 million ...

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Ruling alliance wins LCCI polls first round  [The Nation] 27 Sep, 2016

LAHORE -  The ruling PIAF-Founders Alliance on Monday won the first round of Lahore Chamber of Commerce and Industry Executive Committee elections by winning all seven seats of LCCI Corporat ...

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BISP board defers budget approval  [The Nation] 27 Sep, 2016

ISLAMABAD -  Benazir Income Support Program’s (BISP) board has deferred the approval of Rs 115 billion BISP budget and referred the matter to the committees concerned for the recommend ...

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Imported urea price slashed by Rs110 per bag  [The Nation] 27 Sep, 2016

ISLAMABAD -  The government on Monday decided to reduce the price of imported urea fertilizer by Rs110 per bag to Rs1200 per bag.

The Economic Coordi ...

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Stock market witnesses bullish session  [The Nation] 27 Sep, 2016

KARACHI - Bulls returned to the stock market on Monday, mainly due to blue chip scrips’ buying.
The benchmark 100-share index again crossed 40,220.
76 points (1.
10%) after ...

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Oil prices higher before OPEC meeting  [The Nation] 27 Sep, 2016


LONDON:- World oil prices rose modestly on Monday ahead of a producers' meeting this week that may result in agreemen ...

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Pakistan fails to get benefit of GSP Plus as exports keep declining  [The Nation] 26 Sep, 2016

LAHORE - Pakistan Hosiery Manufacturers & Exporters Association (PHMA) has severely criticised government’s attitude towards continuously declining exports over the last few years.

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WAPDA, CGGP staff successfully take part in rescue operation  [The Nation] 26 Sep, 2016

LAHORE -  The Water and Power Development Authority (WAPDA) and China Gezhouba Group of Companies (CGGP), the contractor of Neelum Jhelum Hydropower Project (NJHPP), actively participat ...

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Making America great again  [The Nation] 26 Sep, 2016

Ali Umair Chaudhry

Recent polls suggest that Donald Trump may have finally met his match himself. It took three consecutive weeks of unrestrained oratory and fiascos to slow the thrust behind ...

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Hashoo Hotels announce winners of lucky draw in impressive event  [The Nation] 26 Sep, 2016

Islamabad (PR): Hashoo Hotels, the operators of the Pearl Continental, Marriott and Hotel One chains in Pakistan, hosted an impressive event at the Islamabad Marriott to announce the winners thro ...

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US-EU economic relations in for stormy weather  [The Nation] 26 Sep, 2016

WASHINGTON -  With spats over Apple and Deutsche Bank and squabbles about Airbus and Boeing, approaching elections on both sides of the Atlantic are exacerbating strains in US-European econo ...

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BoK renews commitment to serve nation  [The Nation] 26 Sep, 2016

PESHAWAR - The Bank of Khyber (BOK) reaffirms its commitment to play a vital role in socio-economic development of the country in general and Khyber Pakhtunkhwa, in particular, BoK Managing Direc ...

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Market falls below 40k as individuals book profits  [The Nation] 26 Sep, 2016

LAHORE - After closing on an all-time high last week, the market witnessed correction during the outgoing week amidst rising tensions between Pakistan and India, which was further exacerbated by ...

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