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 Latest Business and Finance News
PTI and JI forms committee for LG election [Business Recorder]
ABBOTTABAD: Jamaat-e-Islami (JI) and Pakistan Tehrik-e-Insaf (PTI) on Saturday formed a committee fo ...Detail
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Brent oil rises as euro gains against dollar  [Reuters] 25 Mar, 2015
LONDON (Reuters) - Brent oil prices rose on Wednesday as the euro strengthened against the dollar following a boost in business morale in the euro zone's top two economies.
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Ford recalls over 220,000 vehicles in North America for three issues  [Reuters] 25 Mar, 2015
DETROIT (Reuters) - Ford Motor Co said on Wednesday it is recalling more than 220,000 vehicles in North America for potential issues with door handles, vacuum pump relays and sensors.
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Musharraf treason case: Special Court adjourns without proceedings  [Business Recorder] 25 Mar, 2015
ISLAMABAD: The Special Court constituted to try former President Gen. (retd) Pervez Musharraf under Article 6 of the Constitution for breaching and abrogating constitution by proclamation of emergency in the country on November 3, ...
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IHC orders to club identical petitions against Zardari's acquittal  [Business Recorder] 25 Mar, 2015
ISLAMABAD: Islamabad High Court (IHC) on Wednesday ordered to club identical petitions filed by the National Accountability Bureau (NAB) prosecutor against acquittal of former president Asif Ali Zardari by an accountability court, ...
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SC seeks reports from provinces over living condition of women prisoners in jails  [Business Recorder] 25 Mar, 2015
ISLAMABAD: The Supreme Court on Wednesday directed all four provinces to submit detailed reports separately over living conditions of women prisoners in the different jails of country. The apex court also appointed Asma Jehangir t ...
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Zaeem urges MQM to support Karachi operation till completion  [Business Recorder] 25 Mar, 2015
ISLAMABAD: Spokesman Punjab government Zaeem Qadri Wednesday urged Mutahida Qaumi Movement (MQM) to support Karachi operation as it was launched with the support of all the political parties including MQM itself.Operation was the ...
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CM takes notice of killing of three persons  [Business Recorder] 25 Mar, 2015
LAHORE: Punjab Chief Minister Muhammad Shahbaz Sharif has sought a report about the incident of killing of three persons during bank dacoity in Faisalabad and directed RPO Faisalabad to immediately apprehend the accused involved i ...
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CM orders immediate release of farmers  [Business Recorder] 25 Mar, 2015
LAHORE: Punjab Chief Minister Muhammad Shahbaz Sharif has ordered immediate release of farmers, taken into protective custody for creating hurdles in flow of traffic in front of Lahore Press Club.The police had taken these persons ...
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Ashrafi for defeating sectarianism  [Business Recorder] 25 Mar, 2015
LAHORE: Chairman Pakistan Ulema Council Hafiz Tahir Mehmood Ashrafi has said that those who are trying to create clash between religions and sects would have to face defeat.Talking to Muslim and Christian leaders from Sargodha her ...
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Kraft and Heinz to form North America's No.3 food company  [Reuters] 25 Mar, 2015
(Reuters) - Kraft Foods Group Inc, the maker of Velveeta cheese, will merge with ketchup maker H.J. Heinz Co, owned by 3G Capital and Warren Buffett's Berkshire Hathaway Inc, to form North America's third-largest food an ...
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Kraft, Heinz deal to form North America's No.3 food company  [Reuters] 25 Mar, 2015
(Reuters) - Kraft Foods Group Inc , the maker of Velveeta cheese and Oscar Mayer meats, will merge with ketchup maker H.J. Heinz Co, owned by 3G Capital and Berkshire Hathaway Inc , to form North America's third-largest food ...
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Call to focus on textile export sector  [Business Recorder] 25 Mar, 2015
FAISALABAD: Pakistan Textile Exporters Association (PTEA) has demanded the government to give due importance to textile export sector which is earning 60 percent of the total foreign exchange. Expressing concern over 12.9 percent ...
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Notice issued to AGP on plea to stop cantonment elections  [Business Recorder] 25 Mar, 2015
LAHORE: The Lahore High Court Wednesday issued a notice to Attorney General of Pakistan (AGP) and Advocate General Punjab for March 26 on a petition seeking directions to stop the local body elections in cantonment boards till new ...
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IHC summons interior secretary in Lakhvi's detention case  [Business Recorder] 25 Mar, 2015
ISLAMABAD: Islamabad High Court (IHC) on Wednesday summoned interior secretary and directed him to appear in person on April 14, in a contempt of court case filed by Zaki ur Rehman Lakhvi, one of the main accused in Mumbai attacks ...
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Brent oil rises as euro zone morale boost offsets oversupply concern  [Reuters] 25 Mar, 2015
LONDON (Reuters) - Brent oil prices firmed on Wednesday as business morale in the euro zone's top two economies improved, offsetting concerns of oversupply that has filled fuel storage tanks around the world.
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Kraft and Heinz merger to form world's fifth-largest food company  [Reuters] 25 Mar, 2015
(Reuters) - Kraft Foods Group Inc, the maker of Velveeta cheese and Oscar Mayer meats, will merge with ketchup maker H.J. Heinz Co, owned by 3G Capital and Berkshire Hathaway Inc, to form the world's fifth-largest food and be ...
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Kraft Foods to merge with Heinz  [BBC News] 25 Mar, 2015
Private equity firm 3G Capital, Heinz's owner, is to buy Kraft in a deal that could value the US food giant at more than $40bn (27bn).
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Kraft Foods to merge with ketchup maker Heinz  [Reuters] 25 Mar, 2015
(Reuters) - Kraft Foods Group Inc said it would merge with ketchup maker H.J. Heinz Co, owned by 3G Capital and Warren Buffett's Berkshire Hathaway Inc , to form the third-largest food and beverage company in North America.
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PM aggrieved over loss of lives in Khairpur road accident  [Business Recorder] 25 Mar, 2015
ISLAMABAD: Prime Minister Muhammad Nawaz Sharif Wednesday expressed grief over the loss of precious lives in a road accident near Khairpur, Sindh.The Prime Minister extended condolences to the families of the deceased and directed ...
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European shares dip but hold near highs after Ifo  [Reuters] 25 Mar, 2015
LONDON (Reuters) - European shares dipped on Wednesday but held near multi-year highs and the euro rose against the dollar after a survey showed the German business climate improving.
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Abid Sher assures resolution of resident's problems living adjacent to Tarbela dam  [Business Recorder] 25 Mar, 2015
ISLAMABAD: State Minister for Water and Power Abid Sher Ali on Wednesday assured the Lower House that the issues of road blockade of the villagers living adjacent to Tarbala dam would be resolved on priority.Responding to a callin ...
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Gold import declines 91.63pc in July-February (2014-15)  [Business Recorder] 25 Mar, 2015
ISLAMABAD: The gold imports during the first eight months of current fiscal year 2014-15 plunged 91.63 percent as against the same period of last year.According to data revealed by Pakistan Bureau of Statistics (PBS), during the p ...
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Oil steadies above $55 as U.S., Chinese stocks fill  [Reuters] 25 Mar, 2015
LONDON (Reuters) - Brent crude oil steadied above $55 a barrel on Wednesday, not far above the week's lows, as more evidence emerged of global oversupply that has filled fuel storage tanks around the world.
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'Men, 46, most likely fraud victims'  [BBC News] 25 Mar, 2015
Sophisticated identity theft "on an industrial scale" is on the rise with a 46-year-old man the most likely victim, a new report says.
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SC restores membership of PML-N MNA  [Business Recorder] 25 Mar, 2015
ISLAMABAD: The Supreme Court on Wednesday restored the membership of Pakistan Muslim League-Nawaz (PML-N) Member National Assembly (MNA) Hamid Hameed and suspended Election Tribunal (ET) decision for disqualifying him besides issu ...
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Oil prices dip China's strategic reserves fill, U.S. stocks balloon  [Reuters] 25 Mar, 2015
SINGAPORE (Reuters) - Crude oil futures fell on Wednesday as more evidence emerged that China's strategic reserves could nearly be full and U.S. inventories were also ballooning.
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More women join FTSE 100 boards  [BBC News] 25 Mar, 2015
Britain's biggest companies have doubled the number of female directors, but some smaller firms still have all-male boards.
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'No convincing case' for 50bn HS2  [BBC News] 25 Mar, 2015
The UK government has not shown why it needs to spend 50bn building the HS2 rail link between London and the North, says a House of Lords committee.
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EU to impose anti-dumping duties on China, Taiwan stainless steel  [Reuters] 25 Mar, 2015
BRUSSELS (Reuters) - The European Union will impose punitive anti-dumping duties from Thursday on imports of stainless steel cold-rolled sheet from China and Taiwan, according to a notice on Wednesday in the EU's Official Jou ...
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Oil prices dip as US stock-build drags, China strategic reserves fill  [Reuters] 25 Mar, 2015
SINGAPORE (Reuters) - Crude oil futures fell on Wednesday, pressured by ballooning U.S. storage volumes and more evidence that China's strategic reserves could nearly be full.
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