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


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Opec pushes for consensus on oil cut  [Dawn News] 17 Nov, 2016

LONDON: Opec officials are working to nail down details of their plan to limit oil supply and gaps over some sticking points are narrowing, Opec sources said, a sign of progress in finalising the exporter group’s first ...

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EU plans online screening for visa-free travellers  [Dawn News] 17 Nov, 2016

BRUSSELS: Millions of tourists and business people visiting Europe will have to complete a 5 euro ($5.35) online security check before arrival if an EU plan to tighten controls on foreigners who do not need visas wins ...

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France offers technology, expertise to Pakistan  [The Nation] 17 Nov, 2016

ISLAMABAD - Jean Marc Fenet, head of the France’s Regional Economic Department for India and South Asia, has said that his country considered Pakistan as a huge market for business and wanted ...

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Chinese investors express interest in KP mineral sector  [The Nation] 17 Nov, 2016

PESHAWAR -  Chinese investors have expressed keen interest to invest in mineral sector of Khyber Pakhtunkhwa (KP).

In this regard, an eighteen-member delegati ...

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PIA increases flights for Jeddah  [The Nation] 17 Nov, 2016

KARACHI:- Pakistan International Airline (PIA) Wednesday announced to increase flights for Jeddah, Saudi Arabia. PIA spokesman Danyal Gilani said number of weekly flights from Lahore to Jeddah has been increased from four to fi ...

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Broadband subscribers reached 38m in October: PTA  [The Nation] 17 Nov, 2016

ISLAMABAD -  The total number of broadband subscribers has crossed 38 million by the end of October 2016. According to the latest data of Pakistan Telecommunication Authority (PTA), the number ...

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PSX recovers 112 points in range-bound session  [The Nation] 17 Nov, 2016

KARACHI - Pakistan Stock Exchange witnessed range-bound session on Wednesday, with the 100-share index recovering 111.80 points to close at 42,404.47 points.

Volat ...

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Wapda chairman visits Tarbela 4th extension project  [The Nation] 17 Nov, 2016

TARBELA GHAZI -  Pakistan Water and Power Development Authority (Wapda) Chairman Lt Gen (retd) Muzammil Hussain on Wednesday visited the underconstruction Tarbela 4th Extension Hydropower Proje ...

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New Khanki Barrage to go functional by FY2016-17-end  [The Nation] 17 Nov, 2016

Wazirabad - The new Khanki Barrage project would be completed by the end of the current fiscal year 2016-17, which would ensure the safe passage of floods ranging from 800,000 cusecs to 1,100,000 cu ...

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No further extension in date for filing tax returns: FBR  [The Nation] 17 Nov, 2016

 ISLAMABAD -  Federal Board of Revenue (FBR) has said that there would be no further extension in filing of income tax returns beyond due date of November 30,2016.

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Dar for giving export sector due priority in gas supply  [The Nation] 16 Nov, 2016

ISLAMABAD - Federal Minister for Finance Senator Ishaq Dar on Tuesday said that with the advent of winter demand for gas was on the rise. He asked the Petroleum Minister to give due priority to the export sector in gas supply.< ...

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Markets in Karachi witnessing low turnout of shoppers  [Dawn News] 16 Nov, 2016

KARACHI: With the exception of Allahwala and Jama Cloth Markets, traders in various shopping hubs have indicated a sharp decline in customers presence hitting sales volumes.

Traders cited hike in street ...

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Turkish company acquires Dawlance for $243m  [Dawn News] 16 Nov, 2016

KARACHI: Turkish company Arçelik A.S., which announced earlier this year that it was buying Pakistan’s home appliances brand Dawlance, said on Tuesday it has obtained all regulatory approvals needed for the $243-millio ...

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FDI declines 48pc to $316m  [Dawn News] 16 Nov, 2016

KARACHI: Foreign direct investment (FDI) fell 48 per cent year-on-year in the first four months of the fiscal year to $316.1 million, the State Bank of Pakistan (SBP) said on Tuesday.

But an increased f ...

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Govt ponders over ways to sustain gas price freeze  [Dawn News] 16 Nov, 2016

ISLAMABAD: Amid continuing consultations on ways to avoid gas price hike, the government on Tuesday decided to provide at least 358 million cubic feet per day (mmcfd) of natural gas to the industrial sector in winter w ...

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German growth hits speed bump in third quarter  [The Nation] 16 Nov, 2016

FRANKFURT AM MAIN - German economic growth slowed more sharply than expected in the third quarter, official data showed Tuesday, but analysts said they saw Europe's largest economy bouncing back at ...

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European equities push higher  [The Nation] 16 Nov, 2016

LONDON - Europe's main stock markets pushed higher on Tuesday as investors reacted to a surprise dip in British inflation and shrugged off slower-than-expected German economic growth.

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FBR extends date for filing of returns till 30th  [The Nation] 16 Nov, 2016

ISLAMABAD - The Federal Board of Revenue (FBR) Tuesday extended the date of filing of returns of income tax for 15 more days, up to November 30. According to a notification of FBR, filing of returns ...

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Lcci for halting Kahna Kacha industrial estate shifting  [The Nation] 16 Nov, 2016

Lahore - The Lahore Chamber of Commerce and Industry (LCCI) has urged Punjab Chief Minister Mian Shahbaz Sharif to shelve the Lahore Development Authority’s (LDA) plan to convert Kahna Kacha I ...

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Bears domination continues at PSX  [The Nation] 16 Nov, 2016

KARACHI - Pakistan Stock Exchange witnessed another bearish session on Tuesday as continuous foreigner outflows and political uncertainty forced stock investors to trim their positions. The 100-shar ...

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US central banker says December rate hike 'plausible'  [The Nation] 16 Nov, 2016

WASHINGTON - The prevailing view that the US Federal Reserve will raise the key interest rate next month is "plausible," a voting member of the monetary policy committee said Tuesday. "Absent signif ...

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China weakens yuan to eight-year low  [The Nation] 16 Nov, 2016

SHANGHAI - China on Tuesday weakened the yuan's fix against the dollar to a nearly eight-year low as the surging dollar put further pressure on the unit, complicating Beijing's efforts to manage it. ...

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Pak-Indonesia trade volume reaches $2.3b: Santoso  [The Nation] 16 Nov, 2016

KARACHI - Indonesia’s Consul General Hadi Santoso on Tuesday said that the Pakistan-Indonesia trade volume has reached almost $2.3 billion, which was $1.6 billion in November 2014.

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Added security features must to ensure Pak rupee sanctity in int’l ...  [The Nation] 16 Nov, 2016

FAISALABAD: President Faisalabad Chamber of Commerce and Industry (FCCI) Muhammad Saeed Sheikh has said that added security features in currency notes is imperative to ensure the sanctity of Pak rupee in intern ...

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Pakistan has maintained lowest petroleum prices in South Asia: Dar  [The Nation] 15 Nov, 2016

ISLAMABAD: Finance Minister Ishaq Dar here on Tuesday said that Pakistan has maintained the lowest prices of petroleum products in comparison to the rest of South Asia, particularly India and Bangladesh.


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Chinese consumers' body takes up complaints of iPhone shutdowns with ...  [The Nation] 15 Nov, 2016

The China Consumers Association (CCA) has asked Apple to investigate "a considerable number" of reports by users of iPhone 6 and 6s phones that the devices have been shutting off and cannot be turned back on again, it said on T ...

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Nokia sees network market down in 2017, modest growth in 2018  [The Nation] 15 Nov, 2016

Nokia expects its sales to fall around 2 percent next year, in line with the broader telecoms network businesses in which it operates, but forecasts the market and its own business will return to modest growth in 2018.

Th ...

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‘Pak-Indonesia trade volume reaches $2.3bn’  [The Nation] 15 Nov, 2016

KARACHI: Consul General of Indonesia Hadi Santoso has said that the trade volume between Pakistan and Indonesia, which stood at US$1.6 billion when he assumed charge as the consul general in November 2014, has ...

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No demonetisation of Rs5000 notes: Dar  [The Nation] 15 Nov, 2016

ISLAMABAD - Finance Minister Ishaq Dar on Monday dismissed rumours about demonetisation of Rs5000 currency note and withdrawal of Rs40,000 prize bond. He said that such rumours were being spread by ...

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Interbank, open market gap widens to Rs2 per $  [Dawn News] 15 Nov, 2016

KARACHI: The dollar touched Rs107 in the open market on Monday, widening the gap between interbank and open-market rates to Rs2 per dollar.

“We are forced to sell the dollar at less than Rs104.85. This ...

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