This Dua is from Surah Baqarah verse 201. The meaning of the dua is, “Our Lord, give us in this world [that which is] good and in the Hereafter [that which is] good and protect us from the punishment of the Fire.”

رَبَّنَا آتِنَا فِىْ الدُّنْيَا حَسَنَةً وَفِىْ الآخِرَةِ حَسَنَةً وَّقِنَا عَذَابَ النَّارِ
Transliteration:
Rabbana atina fid dunya hasanatan wa fil Aakhirati hasanatan waqina ‘adhaban-nar

Translation (English):
“Our Lord, give us in this world [that which is] good and in the Hereafter [that which is] good and protect us from the punishment of the Fire.”

Translation (Urdu):

اے ہمارے رب! ہمیں دنیا میں بھی بھلائی دے اور آخرت میں بھی بھلائی عطا فرما اور ہمیں آگ کے عذاب سے بچا۔

Rasulullah ﷺ used to recite this du`a very often.
Anas (May Allah be pleased with him) reported:

The supplication most often recited by the Prophet (ﷺ) was: “Allahumma atina fid-dunya hasanatan, wa fil-akhirati hasanatan, wa qina ‘adhab-annar (O our Rubb! give us in this world that which is good and in the Hereafter that which is good, and save us from the punishment of the Fire).”‘

Riyad as-Salihin 1467

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