Whispering Gallery Mode (WGM) emission has been observed from Ag nanowire doped polymer optical fiber laser. Low threshold lasing and high photostability of the active medium has been noticed with a given concentration of Ag nanowires in the microcavity of the fiber. Quantum yield and lifetime measurements of the dye (active medium) with and without nanowires confirm that presence of nanowires enhance the rate of radiative decay of the fluorophore, thereby providing low pump pulse energy for the excitation of lasing modes in the cavity, as compared with a bare dye-doped polymer fiber laser.