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 Latest Business and Finance News
Women role for nation's prosperity must: Minister [Business Recorder]
LAHORE: Provincial Minister for Women Development Hameeda Waheed-ud-Din Wednesday said prosperity of ...Detail
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Fed's Tarullo says worried about too-low inflation  [Reuters] 23 Nov, 2015
WASHINGTON (Reuters) - Federal Reserve Governor Daniel Tarullo said on Monday that the path of rate hikes should be influenced by how much inflation moves towards the Fed's 2 percent target rate.
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Commodities hit as dollar rises  [Reuters] 23 Nov, 2015
LONDON (Reuters) - Commodity markets were hit and stocks and bonds were in the firing line on Monday, as expectations for a first increase in U.S. interest rates in almost a decade next month pushed the dollar to a seven-month hig ...
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Govt making all-out efforts for infrastructure development: Musadik  [Business Recorder] 23 Nov, 2015
ISLAMABAD: Spokesperson to Prime Minister Dr Musadik Malik has said that the government is making all out efforts for infrastructure development in the country.Talking part in a Radio Pakistan's programme Hafta-e-Rafta, he ...
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Govt making all out efforts to control hazards of climate change  [Business Recorder] 23 Nov, 2015
SIALKOT: Federal Minister for Climate Change Zahid Hamid has said that the government was making all out sincere efforts to control the hazards of climate change in the country, adding that effective steps could be helpful in ensu ...
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President urges Int'l community to end polio related advisory  [Business Recorder] 23 Nov, 2015
ISLAMABAD: President Mamnoon Hussain has said that Pakistan would soon overcome the challenge of Polio and urged the international community to end polio-related travel advisory about Pakistan.He was talking to a delegation of Roy ...
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CJP for joint efforts to make progress  [Business Recorder] 23 Nov, 2015
ISLAMABAD: The Chief Justice of Pakistan (CJP) Anwar Zaheer Jamali on Monday said that the country will make progress with joint efforts of all segments of society.Addressing a function in Quetta, he said that we all have to play ...
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ECP to get 4.3 million ballot papers from Printing Corporation on Nov 26  [Business Recorder] 23 Nov, 2015
ISLAMABAD: The Election Commission of Pakistan would get around 4.3 million ballot papers on November 26 from Printing Corporation for conducting Local Government Elections on November 30 in 50 union councils of the Islamabad Capi ...
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President administers oath to Tariq Fazal as state minister  [Business Recorder] 23 Nov, 2015
ISLAMABAD: President Mamnoon Hussain Monday administered the oath of office to MNA Tariq Fazal Chaudhry as State Minister at a special ceremony held here at the Aiwan-e-Sadr.Chairman Privatization Commission Muhammad Zubair, the m ...
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PTI won 15pc seats in LB polls Phase 2: Sarwar  [Business Recorder] 23 Nov, 2015
LAHORE: Pakistan Tehreek-e-Insaf (PTI) Punjab Organizer, Ch Muhammad Sarwar said PTI's popularity increased in second phase of LB polls and a report has been presented to Imran Khan in this regard.In a statement issued her ...
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PM saddened over Jamiluddin Aali's demise  [Business Recorder] 23 Nov, 2015
ISLAMABAD: Prime Minister Muhammad Nawaz Sharif Monday expressed deep grief on the demise of renowned poet and writer Jamiluddin Aali.The Prime Minister prayed for eternal peace for the departed soul and lauded the literary servic ...
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Tyson Foods quarterly sales rise four percent  [Reuters] 23 Nov, 2015
(Reuters) - Tyson Foods Inc , the biggest U.S. meat processor, reported a 4 percent rise in quarterly sales, helped by higher demand for chicken and as the Hillshire Brands acquisition boosted sales of prepared foods.
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Futures flat as S&P comes off best week in nearly a year  [Reuters] 23 Nov, 2015
(Reuters) - U.S. stock index futures were little changed on Monday, coming off strong gains last week, with the S&P 500 posting its biggest gains in almost a year and the Dow Jones industrial average turning positive for the y ...
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Pfizer to buy Allergan in $160 billion deal  [Reuters] 23 Nov, 2015
(Reuters) - Pfizer Inc, the maker of Viagra and Lipitor, has struck a deal to buy Botox-maker Allergan Plc in a transaction valued at about $160 billion.
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U.S. says China to take tougher stance against trade secret theft  [Reuters] 23 Nov, 2015
GUANGZHOU, China (Reuters) - The United States Commerce Secretary said on Monday China would offer better legal protection to U.S. firms that suffer theft of trade secrets after annual trade talks that yielded scant progress on ot ...
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Pfizer to buy Allergan in $160 billion deal to create No. 1 drugmaker  [Reuters] 23 Nov, 2015
(Reuters) - Pfizer Inc , the maker of Viagra and Lipitor, has struck a deal to buy Botox-maker Allergan Plc in a transaction valued at about $160 billion, creating the world's biggest drugmaker.
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Commodities clobbered as dollar bulldozes higher  [Reuters] 23 Nov, 2015
LONDON (Reuters) - Commodity markets were clobbered and stocks and bonds were also in the firing line on Monday as expectations for a first increase in U.S. interest rates next month in almost a decade pushed the dollar to a seven ...
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ECP to hold by-elections in PP-89 on January 6  [Business Recorder] 23 Nov, 2015
ISLAMABAD: The Election Commission of Pakistan (ECP) has decided to hold by-elections in PP-89 (Toba Tek Singh) on January 6, 2016 and issued schedule.According to spokesman of ECP, the nomination papers will be filed on December ...
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Oil down in Asia on oversupply fears  [DailyTimes] 23 Nov, 2015
SINGAPORE - Oil prices fell in Asia on Monday, extending their slide as a stronger dollar and news that world stockpiles have reached a record high put pressure on futures.

Crude dived to two-month low ...

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Oil down in Asia on oversupply fears  [Geo TV] 23 Nov, 2015
Singapore: Oil prices fell in Asia on Monday, extending their slide as a stronger dollar and news that world stock
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Oil tumbles as strong dollar, oversupply weigh on investors  [Reuters] 23 Nov, 2015
LONDON (Reuters) - Oil prices fell on Monday, dented by the rise in the U.S. dollar to seven-month highs, and analysts see more losses triggered by the mismatch between global supply and demand.
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Retailers cautious ahead of US holiday shopping season  [The Nation] 23 Nov, 2015

NEW YORK - Lackluster earnings reports from retailers have raised questions about whether the 2015 holiday shopping season will bring as much of a boost to the US economy as hoped.
Apparel gia ...

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Hong Kong shares flat by break as Shanghai gains  [DailyTimes] 23 Nov, 2015
HONG KONG - Hong Kong stocks clawed back early gains to trade flat by the break on Monday, while Shanghai shrugged off concerns about the re starting of IPOs to push higher.

The benchmark Hang Seng Ind ...

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U.S. oil plunges over 3 percent on strong dollar, supply glut  [Reuters] 23 Nov, 2015
SEOUL (Reuters) - Crude futures plunged on Monday, with U.S. oil dropping more than 3 percent on a firmer U.S. dollar and festering worries over a global supply surplus.
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Gas projects stuck in policy conflict  [Dawn News] 23 Nov, 2015

HEFTY payloads of hydrocarbon resources have shifted from their 50-year-old base in Balochistan to Sindh over the last two decades and are now moving into the security-affected areas of Khyber Pakhtunkhwa and the adjoining trib ...

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Southeast Asia bangs the drum for single market  [The Nation] 23 Nov, 2015

KUALA LUMPUR - Southeast Asian leaders on Sunday symbolically declared the establishment by year-end of an EU-style regional economic bloc, but diplomats admitted it will be years before the vision of a single market can be rea ...

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Britain prepares for more cuts  [The Nation] 23 Nov, 2015

LONDON - After laying off nearly half its staff over the last five years, scaling back street cleaning and relying on volunteers to work at some of its libraries, the London borough of Lewisham i ...

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Brazil's new middle class faces plunge back to poverty  [The Nation] 23 Nov, 2015

CAIEIRAS, Brasil - Brazilian Monica de Oliveira thought she'd forever left behind those days of worrying about getting her daughter new clothes.

As part of a wave of poor Brazilians to ...

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FBR vows to improve tax-to-GDP ratio  [The Nation] 23 Nov, 2015

LAHORE - The newly-appointed Federal Board of Revenue Chairman Nisar Khan has said Pakistan’s future is linked to promotion of a tax culture and said the board was determined to improve the ta ...

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Wal-Mart pulls Cyber Monday forward to Sunday, record industry sales expected  [Reuters] 23 Nov, 2015
(Reuters) - Wal-Mart Stores Inc has decided that Cyber Monday, the biggest online shopping day of the year, should not start on a Monday anymore.
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Looming water crisis  [Dawn News] 23 Nov, 2015

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