Chief Editor: Ansar Mahmood Bhatti

Category Archives: Business

PSX loses 1328 points, reaching two-year low

KARACHI (DNA) – Pakistan stock market on Monday witnessed another round of selling spree today as Benchmark Karachi Stock Exchange 100 Index dropped by more than 1300 points since June 15, 2016.Pakistan equities witnessed another round of selling spree today as Benchmark KSE100 Index closed at its lowest level since June 15, 2016 – mounting Oct-18 to date and since the start of this year declined by 7.6% and 6.4%, respectively.

Somalian commercial attaché visits RCCI

RAWALPINDI, (DNA) – Commercial attaché Khaddar Dheen Gulled from the embassy of federal republic of Somalia paid a visit to the Rawalpindi Chamber of Commerce and Industry (RCCI) yesterday.During his meeting with President RCCI Malik Shahid Saleem he said Pakistan had great opportunities to enhance its trade and exports by establishing close business relations with Somalia. Somalia is a gateway to African markets, he added.

Finance minister assures exporters of competitive power tariff

FAISALABAD: (DNA) – Federal Minister for Finance Asad Umar has called exporters the future of the national economy and has assured them that the government is framing export-focused policies in an effort to give a big push to stagnant exports.

Pakistan, IMF talks conclude, no result announced

ISLAMABAD: (DNA) –  Pakistan and the visiting IMF team on Thursday concluded talks under Article IV consultation here in Islamabad with continued efforts for evolving broader consensus over prescription of economic health being faced by the country over short to medium term period.

Japan pledges $ 2.7 mln support for Pakistani youth, Aghan refugees

ISLAMABAD, OCT 3 (DNA) – The government of Japan has pledged a contribution of USD 2.7 million to support refugees and host communities across Pakistan.This contribution will support UNHCR’s interventions in the areas of health, livelihoods, as well as the provision of legal support to around 1.39 million registered Afghan refugees.

Saudi Gulf Airlines to offer direct flights from KSA to four Pakistani cities

KARACHI, (DNA) – Saudi Gulf Airlines – The new full-service national carrier of Saudi Arabia owned by Abdulhadi Al Qahtani and Sons Holding Company (Tariq Al Qahtani and Brothers) – announced the start of its operations to four destinations in Pakistan as part of its international route expansion program.

Restive DR Congo’s big challenge, fulfilling economic potential

KINSHASA (DNA) – “A Land of Many Potentials” is how DR Congo’s investment promotion agency touts the mineral-rich nation of 80 million people, just weeks away from crucial elections.Yet the business community’s wish list is frighteningly long in a country that is synonymous with corruption, according to its Transparency International profile, which ranked it 161 out of 180 countries last year.