Chief Editor: Ansar Mahmood Bhatti

Category Archives: Business

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CPEC to make Pakistan hub of regional connectivity: Mushahid Hussain

KARACHI, APR 24 (DNA) – CPEC is translating into reality an amazing prophecy made by the Father of the Nation, Quaid-e-Azam Muhammad Ali Jinnah, to an American magazine in January 1948, when he said: ‘Pakistan is the pivot of the world, placed on the frontier where the future geopolitics will revolve’.

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Rupee loses ground in open market, SBP calls ‘emergency’ meeting

KARACHI, APR 24 (DNA) – Panic buying pushed the US dollar as high as Rs118.5 in the open market on Monday, its highest level during intra-day trading, prompting the central bank to call an emergency meeting of currency dealers as gap with the inter-bank rate widened. While dealers came to grips with high demand for the greenback, the rupee ended at 118.3 against the US dollar even as the inter-bank rates remained stable.

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Qatar Airways to add three more weekly flights to Jordan

DOHA, APR 23 (DNA) – Qatar Airways has announced that it will add three additional weekly frequencies to Amman, the capital city of Jordan, commencing from May 2 and 3 2018. The additional frequencies, which arrive just in time for the summer holiday season, will increase the airline’s weekly services to Amman to 12. Known for its unique blend of old and new, this bustling city is filled with restaurants, art galleries, traditional coffee shops and historic landmarks, catering to both business and leisure travellers.

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Pakistan among top 5 countries in infrastructure investment

ISLAMABAD, APR 20 (DNA) – Pakistan has become one of top five countries across the globe in Private Infrastructure Investment during the year 2017 as it received $5.9 billion during the year, according to a report released by World Bank. “Fifty-two countries received PPI investments in 2017, which was a significant increase over the 2016 level of 37 countries, and the past five-year average of 41 countries,” the report said adding that China received $17.5 billion across 73 projects; Indonesia $15.4 billion across 11 projects; Mexico $8.6 billion across 20 projects; Brazil $7.3 billion across 24 projects; and Pakistan received $5.9 billion across four projects.

ISLAMABAD, APR 19: Sheikh Amir Waheed President ICCI, presents a sovinior to Mayor Islamabad, Sheikh Anser Aziz during his visit to Islamabad Chamber of Commerce & Industry.=DNA PHOTO

ICCI, MCI discuss to set up Metropolitan Commerce Unit

ISLAMABAD, APR 19 (DNA) – Sheikh Anser Aziz, Mayor Islamabad visited Islamabad Chamber of Commerce & Industry and discussed the possibilities of setting up a Metropolitan Commerce Unit (MCU) that would help in planning for better economic development of the city. Sheikh Amir Waheed President, Muhammad Naveed Malik Senior Vice President, Nisar Mirza Vice President ICCI and representative of Police Research Institute of Market Economy (Prime) were present at the occasion.

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Pakistan has lucrative business climate, minister tells Uzbek delegation

Rawalpindi: The Rawalpindi Chamber of Commerce and Industry (RCCI) has organized Pak-Uzbek networking session at a local hotel in Rawalpindi on Wednesday. Minister of State for Finance Rana Muhammad Afzal was the chief guest on the occasion. Khodjaev  Jamshid Minister of Foreign Trade of Uzbekistan also attended the session who was heading a ten member trade delegation including Shamil Burnashev Deputy Chairman of the State Committee of Uzbekistan on Investments ,  Adham Ikramov Chairman of CCI of Uzbekistan, Bahadir Alihanov  Deputy Chairman of the Association “Uztextile Industry” Oybek Mirzabekov Acting Chairman of JSC “Uzsanoatexport” (export of chemicals), among others.

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CPEC: Russia eagerly waiting for a green signal from Pakistan

ISLAMABAD, APR 17 (DNA) – Mr. Vladirmir Berezyuk, Acting Ambassador of the Russian Federation Regarding the participation of Russian Federation in “Belt & Road” initiative, he said the Russia was eagerly waiting for a formal invitation from China and Pakistan to invest in CPEC related projects.