Chief Editor: Ansar Mahmood Bhatti

Category Archives: Business

Australia signs MoU with Pakistan for collaboration on water, energy security

ISLAMABAD, SEPT 18 (DNA) – Australian High Commissioner to Pakistan, Margaret Adamson, and Secretary for Water Resources, Shamail Khawaja, today signed a Memorandum of Understanding between Australia and Pakistan for collaboration on water, food and energy security.

Govt presents mini budget today, prices of 5000 products likely to go up

ISLAMABAD (DNA) – The prices of around 5000 products are expected to increase as Pakistan Tehreek-e-Insaf-led (PTI) government will present mini budget (Tuesday).The federal government has decided to impose regulatory duties on 150 luxury products and to fix the income tax ratio to the June 30 level is also under consideration in new mini budget.

US to impose tariffs on $200 bn in Chinese goods: reports

WASHINGTON (DNA) – US President Donald Trump has decided to impose tariffs on $200 billion in Chinese imports and could make the announcement in the coming days, US media reported.Citing anonymous sources, The Washington Post and The Wall Street Journal reported that the tariffs would be set at 10 percent.

Saudi Aramco turns to tech to power future of oil

RIYADH, (DNA) – While many major global investors think renewable energy and electrical vehicles will be dominant in the future, Saudi Aramco is making a different bet.Some project that there is no future for combustion engines, and that the use of fossil fuel will draw to an end during our lifetime. Yet all this is wishful thinking fueled by some hard-line environmentalists.

Trump tells Apple to make products in US to avoid China tariffs

WASHINGTON, (DNA) – US President Trump tweeted on Saturday that Apple Inc should make products inside the United States if it wants to avoid tariffs on Chinese imports.The company told trade officials in a letter on Friday that the proposed tariffs would affect prices for a “wide range” of Apple products, including its Watch, but it did not mention the iPhone.

Japan provides Rs.2.6 billion aid to strengthen weather forecasting

ISLAMABAD, AUG 31 (DNA) – 2018The Government of Japan has agreed to extend to the Government of Pakistan the grant assistance of the two projects “the Project for the Installation of Weather Surveillance Radar in Multan City” worth of around 2.1 billion Japanese Yen (2.3 billion Rs) and “the Project for Human Resource Development Scholarship” worth of around 330 million Japanese Yen (360 million Rs) on the 31st of August, 2018.

Al-Haj to bring proton’s electric & eco cars to Pakistan

Pakistan’s local automotive maker, Al-haj Automotive Private Limited, has signed a deal with Malaysian automaker Proton Holdings whereby it can now assemble and distribute Proton’s electric and eco-friendly cars in Pakistan.