Chief Editor: Ansar Mahmood Bhatti

Category Archives: Business

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Pakistan’s IT Industry Boom

Recently, an article in Outlook India with headlines “Noida to Islamabad” has created lot of positive sound in the digital world regarding Pakistan’s emerging potential in the field of information technology. This article suggested with evidence that IT Jobs were beginning to move from India to Pakistan. The story emanated from a western origin IT company’s action of laying off 125 employees from India and hiring the same numbers from Pakistan the very next day.

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Karachi: Chinese national involved in ATM scandal arrested

KARACHI (DNA) – Security forces on Sunday arrested a Chinese national involved in ATM scandal from Karachi’s Defence area. According to details, the officials conducted raid in different areas and detained Chinese national. They also recovered ATM cards, devices and Rs6 lac from him. The security personnel told that as many as three accomplices of the suspect managed to flee the scene. Earlier, four culprits involved in ATM fraud were apprehended in an operation carried out by Federal Investigation Agency (FIA) in Rawalpindi while fake debit cards and machine tools were retrieved from their possession.

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Gold import rises 50 pc in five months

ISLAMABAD, JAN 10 (DNA) – The import of gold during first five months (July-November) of current fiscal year increased by 50.58 per cent as compared to same period of previous year. During the period under review, 217 kilogram of the yellow metal valuing US $7.768 million was imported against import of 164 kg gold worth $5.823 million last year. On yearly basis, the import of yellow metal in November 2017 also witnessed an increase of 66.1 per cent as compared to same month of the year 2016 as it rose to $1.367 million in November 2017 from $823,000 in November 2016.

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Khalid Mahmood: How China Pakistan Economic Corridor is a game changer?

Khalid Mahmood Consultant/ CPEC | GREF talks to Centreline & DNA

Ansar Mahmood Bhatti

China-Pakistan Economic Corridor is a framework of regional connectivity which includes a number of infrastructure projects, energy cooperation and development of modern IT and transportation networks. It is a journey towards economic regionalization in the globalized world which brings a hope of better future of the region with peace, development and growth of economy.

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SBP takes steps for transactions to be denominated in Chinese Yuan

KARACHI, JAN 02 (DNA) – State Bank of Pakistan (SBP), in the capacity of the policy maker of financial & currency markets, has taken comprehensive policy related measures to ensure that imports, exports and financing transactions can be denominated in CNY. Both public and private sector enterprises (i.e. both Pakistanis and Chinese) are free to choose CNY for bilateral Trade & Investment activities.

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Oil prices close at 2-1/2 year peak

NEW YORK, DEC 27 (DNA) – Oil prices in New York jumped to a two-and-a-half year high Tuesday and briefly topped $60 a barrel due to a Libyan pipeline explosion and frigid weather in the US. The benchmark US contract, West Texas Intermediate for February delivery, rose $1.50 to $59.97 a barrel after earlier breaching $60 for the first time since June 2015. Brent North Sea crude for February delivery advanced $1.77 to $67.02 a barrel, a level not seen since mid-2015.

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China, Pakistan iron brothers: says Ambassador Yao Jing

ISLAMABAD, DEC 26 (DNA) – Ambassador of China, Yao Jing has said that I am very honoured to be appointed as the 17th Ambassador of China to Pakistan. I started my diplomatic career here, and have a soft corner for Pakistan for the past two decades.He said, I was posted here twice and during the eight years I spent here, I witnessed tremendous changes, development and consolidation of China-Pakistan friendship.Especially when I came here this time, I noticed remarkable improvement in the social environment and people’s livelihood with constant progress of the country. As a Chinese diplomat who always cares and loves Pakistan, I feel truly delighted.