Inflation and energy price hikes have bankrupted SMEs Permitting sugar exports to increase inflation ISLAMABAD, APR 16 /DNA/ – Samina Fazil, the founder and President of the Islamabad Women’s Chamber of Commerce and Industry (IWCCI), on Tuesday stated that Pakistan’s future appears to be dismal if significant improvements to the country’s tax policy are not implemented. She went on to say that the harmful impacts of inflation and the sharp increase in energy prices can be ascribed to the failure of a large number of small and medium-sized businesses. AsRead More

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Tuesday said that Islamabad and Riyadh needed to work closely to expedite the first phase of Saudi investments under the new arrangement. The premier made these comments as he met with a high-level Saudi delegation, led by its Foreign Minister Prince Faisal bin Farhan Al Saud, who are in Pakistan on an official visit. The two-day visit comes soon after PM Shehbaz visited Saudi Arabia, during which the Kingdom had doubled down on its pledge to speed up the initial phase of theirRead More

ISLAMABAD, Apr 16 (APP/DNA): Pakistan and the Kingdom of Saudi Arabia (KSA) on Tuesday reiterated their resolve to build a strong partnership and further promote economic cooperation for the mutual benefit of two brotherly countries. This was discussed during a meeting between President Asif Ali Zardari and Saudi Foreign Minister Prince Faisal bin Farhan Al Saud, who called on him, at Aiwan-e-Sadr, President Secretariat Press Wing said in a press release. Welcoming the delegation, the president said that Pakistan and KSA enjoyed a long-standing and decades-old relationship and Pakistan intendedRead More

DNA Lahore, 16 Apr: On the special direction of Chief Minister Punjab Maryam Nawaz Sharif, provincial health minister Khawaja Imran Nazir reached the house of famous singer Ghulam Abbas to present him a check of Rs 10 lakh for his treatment. He also conveyed him a message of good wishes from the Chief Minister Maryam Nawaz Sharif. Madam Chief Minister prayed for singer Ghulam Abbas’s complete and speedy recovery. She said,”Singer Ghulam Abbas is Pakistan’s cultural asset. The Punjab government will provide full support for his treatment.” Singer Ghulam AbbasRead More

ISLAMABAD, APR 16: /DNA/ – The prices of Petroleum products have seen an increasing trend in the international market during the last fortnight. The Oil & Gas Regulatory Authority (OGRA) has worked out the consumer prices, based on the price variations in the international market. The prices of Motor Spirit & HSD for the next fortnight, starting from 16th April, 2024, are accordingly being revised as follows:                                                                                                                         (Rs. / liter) Products Existing Prices w.e.f. 01.04.2024 New Prices w.e.f. 16.04.2024 Increase/Decrease MS (Petrol) 289.41 293.94 +4.53 High Speed Diesel(HSD) 282.24Read More