Chief Editor: Ansar Mahmood Bhatti

Category Archives: Business

20 percent inflation on basic food basket has unfolded miserable consequences for public

20 percent inflation on basic food basket has unfolded miserable consequences for public

ISLAMABAD, (DNA) – The consumer price index (CPI) based inflation has increased significantly in the last five months, and the Pakistan Tehreek-e-Insaf (PTI)-led government is about to unveil another finance bill on January 23rd amidst fears of imposition of new taxes on the basic food basket.

Saudi commercial Attaché sees off Pak business delegation to Jeddah

Saudi commercial Attaché sees off Pak business delegation to Jeddah

ISLAMABAD, (DNA) – The Commercial Attaché of the Embassy of Saudi Arabia in Pakistan  bid farewell to the delegation of Pakistani businessmen participating in the meetings of the Saudi-Pakistani trade mission held in Jeddah under the auspices of the Saudi Export Development Authority.

Saudi energy minister's visit seeks to reinforce brotherly ties between Saudi Arabia, Pakistan

Saudi energy minister’s visit seeks to reinforce brotherly ties between Saudi Arabia, Pakistan

GWADAR, JAN 12 (DNA) – Saudi Arabia’s Minister of Energy and Industry, Khalid Al-Falih visited the Gwadar port on Saturday.The dignified guest was welcomed on arrival in Pakistan by Petroleum Minister Ghulam Sarwar Khan, Minister of State for Port & Shipping Ali Zaidi and the Deputy Ambassador of the Custodian of the two Holy Mosques in the Islamic Republic of Pakistan, Habibullah Bukhari.

Korean to continue investing in Azad Kashmir: Ambassador Kyu

Korean to continue investing in Azad Kashmir: Ambassador Kyu

ISLAMABAD, JAN 11 (DNA) Ambassador Kwak Sung-Kyu of the Republic of Korea (RoK) assured Sardar Masood Khan, President Azad Jammu and Kashmir on Friday that his country would continue investing in Azad Kashmir, especially in the power sector.

Govt slashes power tariff for five export industries

Govt slashes power tariff for five export industries

ISLAMABAD, (DNA) – The federal government has slashed power tariff for five zero-rated industries to provide incentive to the export sector.The government’s step to ensure supply of cheaper electricity will help the export industries to cut down the production cost.The Power Division of the Ministry of Energy has notified reduction in the power tariff by three rupees per kilowatt hour for five zero-rated industries.

Assets worth $1tr to shift from UK to EU due to Brexit

Assets worth $1tr to shift from UK to EU due to Brexit

LONDON, JAN 07 (DNA) – Assets worth nearly 800 billion pounds ($1 trillion) are being moved from Britain to new financial hubs in the European Union ahead of Brexit, consultancy EY said on Monday.Britain, which is due to leave the bloc in March, has yet to approve a deal to avoid an abrupt severing of ties with the EU.

Dollar dips to Rs139.10 in open market

Dollar dips to Rs139.10 in open market

KARACHI, JAN 07 (DNA) – Rupee in open market strengthened while at interbank it shed weight on first session of the new week because of higher demand from oil companies and some big importers.Dollar in the open market recorded a drop of 10 paisa to trade at Rs139.10 while at interbank it gained 7 paisa to touch Rs138.93.