Pakistan in contact with Chinese and Korean investors consortium to discuss investment: Privatisation Minister

China Economic Net Islamabad: Federal Minister for Privatisation Mohammed Mian Soomro said this week that meetings with renowned investors consortium from China and Korea had been held to discuss investment. “So far leading investors consortium from China, Korea and Russia have been interacted with, who have shown keen interest in the investment potential of Pakistan […]

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Let’s jointly build BRI: Xi Jinping

Xu Wei President Xi Jinping reiterated this week China’s commitment to championing the principles of equality, mutual learning, dialogue and inclusiveness in exchanges between civilizations and working with different nations to jointly build the Belt and Road. Xi made the remark in a congratulatory letter to the 2021 Belt and Road-The Great Wall International Folk […]

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Japan’s New Richest Person Builds $38 Billion Automation Fortune

Heesu Lee and Min Jeong Lee Tokyo: Takemitsu Takizaki, the founder of electronic-sensor maker Keyence Corp., has overtaken Uniqlo billionaire Tadashi Yanai to become Japan’s richest person.Takizaki is worth $38.2 billion, according to the Bloomberg Billionaires Index, after his company’s shares almost doubled since the start of last year. Fast Retailing Co.’s Yanai, who lost […]

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Xi calls for strengthened BRI cooperation in phone talks with Italian, Tajik leaders

China Economic Net Beijing: The Group of 20, which comprises 19 countries and the European Union, should uphold real multilateralism in the spirit of solidarity and cooperation in order to define the direction of global governance and jointly cope with the common challenges that the world is facing, President Xi Jinping said this week. In […]

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CPEC extension to Afghanistan ‘very important’: Taliban

Gwadar Pro Karachi: Islamic Emirate of Afghanistan – commonly known as the Taliban – said this week said that extension of China-Pakistan Economic Corridor (CPEC) to Afghanistan was ‘very important.’Speaking at the Pak-Afghan Youth Forum’s International Conference titled ‘Rebuilding Afghanistan Together’ via video link, Afghanistan Taliban spokesperson Zabihullah Mujahid hoped that Pakistan’s help to the […]

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Japan unveils official logo to celebrate Pakistan-Japan diplomatic ties

Newswire Islamabad: To commence the celebrations of Year 2022 which marks the 70th anniversary of the establishment of diplomatic relations between Japan and Pakistan, the Government of Japan has announced the Official Logo for this special occasion signifying historic relations between Japan and Pakistan. The logo epitomizes the hope for further development of friendly ties […]

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Pakistan-Italy friendship at an all-time high: Ambassador Andreas Ferrarese

Newswire Islamabad: Italy’s Ambassador to Pakistan Andreas Ferrarese said this week that Pakistan-Italy friendship was at an all-time high. The envoy said vast opportunities existed to enhance mutual trade and investment between Pakistan and Italy and businessmen and traders from both countries can reap the benefits.Speaking to the business community in Islamabad, the envoy urged […]

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What drives China-US game: Washington believes being poor is Chinese people’s fate

Hu Xijin Former Australian prime minister Paul Keating recently said that China’s “great problem” is that “it [China] is now a state as large as the United States, and with the potential of being much larger – an unforgivable sin for American triumphalists.” The former Australian head of state made such a statement when accusing […]

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CPEC: Rashakai SEZ to get complete gas supply by December

Gwadar Pro Islamabad: China-Pakistan Economic Corridor (CPEC)’s Rashakai Special Economic Zone (SEZ) will get complete gas connections and supply by December this year, the authorities said.The SEZ will also get 50 Megawatt (MW) electricity by June 2022, Federal Minister for Economic Affairs, Omar Ayub Khan said. Omar Ayub Khan, chaired a high-level meeting to basically […]

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Pakistan wishes to connect CPEC with European Union: Information Minister

Gwadar Pro Badin: Minister for Information and Broadcasting Fawad Chaudhry said this week that Pakistan wishes to connect China-Pakistan Economic Corridor (CPEC) with the European Union (EU).Speaking to the journalists at the Badin Press Club, the minister said by connecting CPEC with EU, economic activity in the region will get a major boost. He said: […]

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Kyrgyzstan can invest in CPEC SEZs: Envoy

Gwadar Pro Islamabad: The Ambassador Republic of Kyrgyzstan to Pakistan Ulanbek Totuiaev said this week that his country can invest in the Special Economic Zones (SEZs) under the China-Pakistan Economic Corridor (CPEC).In a meeting with the prominent businessperson and former president of Islamabad Chamber of Commerce (ICCI) Zafar Bakhtawari and Ahsan Bakhtawari here at the […]

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CPEC related investment has reached approximately $ 53 billion: Pakistani Planning Minister

China Economic Net Lahore: Pakistani Federal Minister for Planning, Development and Special Initiatives Asad Umar said this week that investment in Pakistan under China-Pakistan Economic Corridor (CPEC) had approximately reached $ 53 billion.Umar, who also heads National Command and Operation Centre (NCOC), said that 17 projects had so far been completed at a cost of […]

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CPEC SEZs very important for regional connectivity and development, Acting Senate chief tells Vietnamese envoy

Gwadar Pro Islamabad: “Special Economic Zones (SEZs) under China-Pakistan Economic Corridor (CPEC) are very important for regional connectivity and development,” Acting Chairman of Pakistan’s Senate Mirza Muhammad Afridi said.Afridi expressed these views in a meeting with Ambassador of Vietnam Nguyen Tien Phong, who called on him at the Parliament House. He also emphasized that Vietnamese […]

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Ambassador Andreas Ferrarese sees huge business opportunities in Pakistan

Newswire Islamabad: Ambassador of Italy to Pakistan Andreas Ferrarese said this week that there are vast opportunities for mutual trade and investment between Pakistan and Italy from which businessmen and traders of both the countries can reap the benefits.Pakistani businessmen and traders move forward and work to promote mutual trade and economic ties between Pakistanis […]

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CPEC: Encroachments along KCR track removed, says Sindh CM

Gwadar Pro Karachi: Sindh Chief Minister Syed Murad Ali Shah said this week that the provincial government had removed the encroachments along the track of the Karachi Circular Railway (KCR) project under the China-Pakistan Economic Corridor (CPEC).“We have removed the encroachments along the track of Karachi Circular Railway (KCR) project and are going to construct […]

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Japan’s economy bounces back

Tokyo: Japan rebounded faster than expected from its pandemic-driven slump in the run-up to the Tokyo Olympics.Official figures show the world’s third-largest economy grew at twice the rate forecast in April to June.But analysts have warned growth will be modest this quarter after a state of emergency was reimposed to ease a spike in Covid-19 […]

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Italy has helped establish two technology centers in Pakistan recently: Ambassador Andreas Ferrarese

Newswire Islamabad: Italy’s Ambassador to Pakistan Andreas Ferrarese has said that Italy has helped establish two technology centers in Pakistan recently. “Recently, two technology centres have been established with Italian cooperation – the Italy-Pakistan Footwear Technology Centre in Lahore and the Italy-Pakistan Textile Technology Centre in Faisalabad – for which latest machinery has been donated […]

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New road to be constructed from Bahawalpur to Jhangra to link with CPEC

Gwadar Pro Rahim Yar Khan: A new road will be constructed with a cost of Rs 4 billion from Bahawalpur to Jhangra to connect the Bahawalpur Industrial Zone with the China-Pakistan Economic Corridor (CPEC), Pakistan Minister for Industries and Production Makhdoom Khusro Bakhtiar said.He said another new road will also be constructed from the Industrial […]

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Major UK science funder to require grantees to make papers immediately free to all

Cathleen O’Grady London: The United Kingdom currently has one of the highest rates of open-access publication in the world, with many researchers posting their research papers on websites that make them publicly available for free. But the country’s leading funding agency announced a new policy that will push open access even further by mandating that […]

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NA speaker, Azeri FM discuss issues of mutual interest

Newswire Islamabad: The Pakistan parliamentary delegation, headed by National Assembly Speaker Asad Qaiser, recently called on Azerbaijan’s Foreign Minister Jeyhun Bayramov.The two sides discussed issues of mutual interest and also deliberated on the prospects of enhancing cooperation in various fields. The speaker felicitated the Azeri foreign minister on the liberation of territories from Armenia. Pakistan […]

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Ambassador Nicolaus Keller: A huge supporter of Pakistan-Austrian friendship

Newswire Islamabad: Austrian ambassador to Pakistan Nicolaus Keller is a huge supporter of closer Pakistan-Austria ties.He has been meeting Pakistan officials to achieve the goal of further cementing the friendship. Nicolaus Keller, born 1970 in Austria. Sinde 2018 to date, he said Ambassador Extraordinary and Plenipotentiary of the Republic of Austria to the Islamic Republic […]

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Bahrain should invest in CPEC SEZs: FM Qureshi

China Economic Net Islamabad: Foreign Minister Shah Mehmood Qureshi said this week that Bahrain should invest in the Special Economic Zones (SEZs) established under the China Pakistan Economic Corridor (CPEC).“There are many areas in Pakistan, where Bahraini investors can go and invest especially in the Special Economic Zones (SEZs) being established along CPEC,” he said […]

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Italy committed to enhance economic cooperation with Pakistan: Ambassador Andreas Ferrarese

Newswire Islamabad: Ambassador of Italy to Pakistan Andreas Ferrarese has said that Italy was committed to extend the cooperation of a diverse potential sector to enhance the bilateral economic cooperation between Pakistan and Italy. Ambassador Ferrarese said that green economy, transfer of technology for industrial sector including textiles and agro industry, construction sector, education and […]

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False claims that China is laying a debt trap in Africa

Ikenna Emewu In 2020, while documenting the Abuja integrated transport project, which includes the metro, intercity railway and the Abuja airport, and is handled by China Civil Engineering Construction Corp, I read in detail how China developed its high-speed railways.Cooperation between countries is important for improving infrastructure and boosting economic development, and it is cooperation […]

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