Business Archives

Pakistani workforce recruitment in Japan underway: Zulfikar Bukhari

Newswire Islamabad: Special Assistant on Overseas Pakistanis and Human Resource Development Sayed Zulfikar Abbas Bukhari has said that Pakistan will soon start sending its skilled workforce to Japan under a government-to-government Memorandum of Understanding. Addressing the signing ceremony of a Memorandum of Cooperation between the Overseas Employment Corporation and International System Engineering and Services in […]

May 2, 2021May 2, 2021 by COVERT

How VAT cuts can help the post-pandemic economy

Khalaf Ahmad Al-Habtoor Businesses and enterprises the world over have been hit hard by the coronavirus pandemic. Since its outbreak, the UAE has taken a series of measures to help alleviate the fallout on the economy. For businesses in the country, the hefty stimulus packages announced in 2020 amounted to hundreds of billions of dirhams, […]

May 2, 2021May 2, 2021 by COVERT

Pakistan-Italy cooperation can be multiplied: Ambassador Andreas Ferrarese

Newswire Islamabad: Italy’s Ambassador to Pakistan Andreas Ferrarese believes that Pakistan-Italy cooperation can be multiplied in the years to come.The envoy told Covert, that Italy had a keen interest in enhancing cooperation with Pakistan which has traditionally remained Italy’s friend. “Italy and Pakistan have close ties but the trade and business relations do not reflect […]

April 25, 2021April 26, 2021 by COVERT

BRI a public road for public good

Xie Laihui Addressing the Boao Forum for Asia through video link, President Xi Jinping said the Belt and Road Initiative (BRI) is a public road open to all, not a private path owned by one single party. By 2030, Belt and Road projects could help lift 7.6 million people from extreme poverty and 32 million […]

April 25, 2021April 26, 2021 by COVERT

Pakistan committed to expeditiously complete CPEC projects: PM

Newswire Islamabad: Prime Minister Imran Khan this week underscored the transformational significance of China Pakistan Economic Corridor (CPEC) and reaffirmed the country’s commitment to expeditiously complete CPEC projects.The Prime Minister expressed these views while talking to Chinese Ambassador Nong Rong, who called on him here.During the meeting, views were exchanged on China’s experience of poverty […]

April 18, 2021April 19, 2021 by COVERT

Low-carbon economy war new power games

Wang Wen US President Joe Biden has invited 40 heads of state to the Leaders Summit on Climate on April 22 and 23. This has heated up the global competition over the low-carbon economy. This new competition could even be called “a new global green and low-carbon economy war.” As climate change becomes a more […]

April 18, 2021April 19, 2021 by COVERT

Italy to establish gemstones training institute in GB: Ambassador Andreas Ferrarese

Newswire Islamabad: Ambassador of Italy to Pakistan Andreas Ferrarese has said that Italy would establish a gemstones training institute in -Baltistan in order to exploit the potential of these areas as well as enhancing mutual cooperation between both the countries.In a meeting with Chairman Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Qurban Ali […]

April 11, 2021April 11, 2021 by COVERT

US infrastructure plan needs to rival itself, rather than BRI

Chen Weihua Many US politicians have been busy politicizing the novel coronavirus during the past year, resulting in the worst pandemic response from the world’s richest country. They have shifted their focus to infrastructure now. For example, US President Joe Biden said that he told British Prime Minister Boris Johnson during a phone call on […]

April 11, 2021April 11, 2021 by COVERT

CPEC Industrial Cooperation picking up pace, says senior Pakistani official

Gwadar Pro Malam Jabba: China Pakistan Economic Corridor (CPEC) Industrial Cooperation (IC) is picking up pace, said a senior Pakistani government official.Project Director Industrial Cooperation of Board of Investment (BOI) Ayub Asim said the CPEC Industrial Cooperation was all-inclusive in its scope and open to third-party participation. “The CPEC Industrial Cooperation is a long-term endeavor, […]

April 4, 2021April 4, 2021 by COVERT

Suez Canal blockage highlights importance of the Red Sea

Zaid M. Belbagi The grounding of the cargo ship Ever Given in the Suez Canal last week serves as a good opportunity to focus our minds on the future of the waterway and the wider Red Sea region. The canal is a vital artery for the global economy, and so the $15 million a day […]

April 4, 2021April 4, 2021 by COVERT

CPC’s 100-year fight against external bullying and poverty gains national pride

Hu Xijin I was very moved when I listened to a lecture on the history of the Communist Party of China (CPC). The 100 years of the CPC have been a century when Chinese people took their destiny back into their own hands. They have fought off external bullying, eradicated poverty, and gained self-esteem. In […]

March 28, 2021March 28, 2021 by COVERT

EU won’t harm China ties in Indo-Pacific moves

Xin Hua Josep Borrell, high representative of the European Union for Foreign Affairs and Security Policy and vice president of the European Commission, has asserted that the EU, “needs a strategic approach for the Indo-Pacific” on March 12. With the US ratcheting up efforts to get further involved in the Indo-Pacific region, observers are questioning […]

March 21, 2021March 21, 2021 by COVERT

CPEC to put Balochistan into a new era: Governor

Gwadar Pro Quetta: The China-Pakistan Economic Corridor (CPEC) would put Balochistan province into a new era, said Governor of Balochistan Amanullah Khan Yasinzai this week. The Governor expressed these views while visiting Gwadar port. He said a “new era” would start across the country including Balochistan with CPEC project.The Governor further said that CPEC is […]

March 7, 2021March 8, 2021 by COVERT

Welcome to the Fourth CIIE in Shanghai

Li Bijian The Third China International Import EXPO (CIIE) with the theme of “New Era, Shared Future” was successfully held in Shanghai from November 5-10, 2020. Although the COVID-19 pandemic and downward pressure on the world economy presented great challenges to the success of this large- scale exhibition but with the concerted efforts by the […]

March 7, 2021March 8, 2021 by COVERT

Japan firms slash biz investment for the third straight quarter

Tokyo: Firms in Japan slashed spending on plant and equipment for the third straight quarter in October-December as manufacturers cut costs, casting doubt on the strength of the country’s recovery as the COVID-19 pandemic hit private demand.Weakness in capital expenditure is likely to worry policymakers counting on private-sector investment to help the world’s third-largest economy […]

March 7, 2021March 8, 2021 by COVERT

China can retaliate economically

Wang Qi Beijing: China should keep a close watch on the Indo-Pacific region and mark its red lines, Chinese experts said, right before the third Quad meeting of the US, Japan, India and Australia since 2020.US State Department spokesperson Ned Price announced this week that Secretary of State Antony Blinken will speak with his counterparts […]

Pakistan’s ministries asked to prepare ‘deliverable projects’ list for 10th JCC with China

Gwadar Pro Islamabad: Pakistan’s Parliamentary Committee on China-Pakistan Economic Corridor (CPEC) this week directed the concerned ministries to prepare the list of ‘deliverable’ projects for the upcoming 10th Joint Coordination Committee (JCC) with Iron Brother China.The 31st meeting of the Parliamentary Committee on CPEC was held here at the Parliament House, Islamabad under the Chairmanship […]

Iron Brother China tops Pakistan’s import list

China Economic Net Islamabad: Pakistan imported more products from Iron Brother China than any other country during the first half of the fiscal year 2020-21, ending in December 2020.Pakistan’s fiscal year runs from July 1 to June 30. The budget is normally presented in June for every fiscal year. “China topped the list of countries […]

Consultation, not a trade war, will settle bilateral disputes

Zhao Huanxin The trade friction between the United States and China does not signify a tipping point in the Sino-US relationship, experts have said, even though the two countries have slapped tariffs on billions of dollars of each other’s goods. After the conclusion of the hearings on the US administration’s proposal to impose 25 percent […]

Pakistan National Assembly passes CPEC Authority Bill

Gwadar Pro Islamabad: Pakistan’s National Assembly this week passed ‘The China Pakistan Economic Corridor Authority Bill, 2020.’Last week, Asad Umar said the CPEC Authority Ordinance had lapsed in May 2020 and the CPEC Authority Bill was pending in the National Assembly. He said all administrative and financial decisions of the Authority were being taken according […]

Pak-Uzbekistan shows resolve to enter into PTA

Islamabad: Pakistan and Uzbekistan this week resolved to enter into Preferential Trade Agreement (PTA) for increasing the bilateral trade and promote trade liberalization on both sides. The two sides also discussed to revive the Joint Business Council, and assured that bilateral engagements like Inter Governmental Commission will be held more frequently, said a press release […]

Japan provides 1,986 million Yen for installation of weather surveillance radar in Sukkur

Newswire Islamabad: The Government of Japan has agreed to provide grants approximately worth 1,986 million Japanese Yen (Equivalent to around 19 million USD / around 3,057 million PKR) for installation of weather surveillance radar in Sukkur, Sindh province.Notes to this effect were signed and exchanged between Matsuda Kuninori, Ambassador of Japan to Pakistan and Noor […]

Pakistan, Italy express resolve to further expand relationship in all dimensions

Newswire Islamabad: Pakistan and Italy this week agreed that they had exemplary relations based on mutual trust and principles of cooperation, resolved to further expand the relationship in all dimensions. The resolve came during the 5th Round of Pakistan-Italy Annual Bilateral Political Consultations held virtually.Foreign Secretary Sohail Mahmood led the Pakistan side, while Secretary General […]

Ambassador Nong Rong asks companies in Gwadar to expedite work on projects under CPEC

Gwadar Pro Gwadar: Chinese Ambassador to Pakistan Nong Rong on this week asked the companies in Gwadar to expedite the work on projects under the China-Pakistan Economic Corridor (CPEC). Ambassador Nong Rong visited Gwadar on January 27 and 28. During the two-day visit, Ambassador Nong visited all major projects under CPEC in Gwadar, including the […]

Beijing has enriched the human rights cause

Lu Guangjin – China Daily The founding of the People’s Republic of China in 1949 laid the institutional foundation for the protection of Chinese citizens’ basic rights. The country’s Constitution, adopted in 1954, established the principles of people’s democracy, socialism and the system of people’s congresses, institutionally guaranteed that all State rights belong to the […]

Italy to enhance technology, textile trade ties with Pakistan: Ambassador Andreas Ferrarese

Newswire Islamabad: The Italian Ambassador to Pakistan Andreas Ferrarese said this week that Italy wanted to start a new era economic and trade cooperation with Pakistan through transfer of technology and for upgradation of Pakistan’s textile industry.Green economy, transfer of technology for industrial sector including textiles and agro industry, construction sector, education and health are […]

Shanghai launches 64 projects worth $42b

China Economic Net Shanghai: Shanghai launched 64 new projects with a combined investment of 273.4 billion yuan ($42.2 billion) this week, involving high-end industries, scientific and technological innovation, infrastructure, major livelihood and other fields. The projects will spread across the city and will further unleash Shanghai’s enormous development potential. It includes manufacturing, integrated circuits, biomedical […]

China’s construction giant CCECC shares construction experience with Pak

Liu Qiyu – China Economic Net Beijing: “The natural, geographical and cultural environments of China and Pakistan are very different from each other, so during construction, we worked out measures to adapt to local conditions and shared our construction experience with our Pakistani friends,” noted Dong Zhihong, deputy general manager of Asia Pacific Division, China […]

Rental fees in most major Chinese cities drops for 2020

Gwadar Pro Beijing: As many as 32 out of 40 major cities in China saw home rental fees drop year-on-year in 2020, the National Business Daily reported, based on a report from the Beike Real Estate Research Institute.Rent fees per apartment in nearly 90 percent of the 40 cities declined year-on-year, among which first-tier cities […]

China’s economy to keep recovering with proactive fiscal policy

China Economic Net Beijing: The epidemic-induced lockdowns loomed over China’s economy in the first half of 2020, but with quick emergency response and government-aided stimulus package, the country’s economy roared back.Massive tax cuts and increased government spending have helped the economy recover faster. The market is also closely watching over the country’s fiscal policy in […]

Celebrating 25 years of Consistent Growth & Customer Satisfaction

NTC – A Rare Story of Resilience, Growth and Foresightedness When the Government decided to de-regulate Telecommunication sector, as a first step, converted T&T department into corporation and created PTC in 1991 through an Act of Parliament. As a second step, PTC was split into five entities such as PTCL, NTC, PTA, FAB and PTET […]

MESSAGES

Celebrating 25 years of Consistent Growth & Customer Satisfaction Syed Amin Ul HaqueFederal Minister(IT &Telecommunication) I like to felicitate National Telecommunication Corporation (NTC) management and employees on its “Silver Jubilee”. NTC, being the official ICT service provider of Government of Pakistan (GoP), is providing state of the art ICT services round the clock. With fast […]

Pakistan, Japan to enhance ties

Newswire Islamabad: Foreign Minister Shah Mehmood Qureshi has invited Japanese investors to invest in Pakistan in various fields.Talking to Japanese Ambassador to Pakistan Kuninori Matsuda in Islamabad this week, he said all possible facilities will be provided to the investors. The Minister said there were diverse opportunities to promote bilateral relations in agriculture, industry, low-cost […]

China helps Pakistan for safe Cherries export as Islamabad prepares to send first batch to Beijing

Gwadar Pro Islamabad: China is helping Pakistan for safe and protected export of the delicate cherries to the Iron Brother as Islamabad prepares to send the first batch to Beijing this spring, a senior cabinet member said.Until now the Pakistani cherries’ export had been hindered as Pakistan lacked cold chain management, market information system, packaging […]

Brexit: Boris Johnson hails free trade deal with EU

London: The EU and UK have reached a post-Brexit trade deal, ending months of disagreements over fishing rights and future business rules. At a Downing Street press conference, Boris Johnson said: “We have taken back control of our laws and our destiny.”The text of the agreement has yet to be released, but the PM claimed […]

Oil in a good place

Cornelia Meyer Oil is in a happy place — so good indeed that this week’s Joint Ministerial Monitoring Committee (JMMC) of OPEC+, an accord of the 10 OPEC countries and their 13 non-OPEC allies led by Russia could be postponed to Jan. 4. The JMMC is monitoring compliance with the production cuts which — at […]

A year of RCEP and strengthening trade

Lan Shunzheng – China Daily The year 2020, thanks to the novel coronavirus pandemic, may not have been particularly good for trade, regional and global, yet it has added vitality to multilateral economic and trade cooperation and win-win partnerships. The signing of the Regional Comprehensive Economic Partnership agreement by 15 countries on Nov 15 is […]

Virgin Atlantic touches down in Islamabad

Islamabad: Virgin Atlantic touched down in Islamabad from Manchester on 11th December for the first time. The airline follows this up with new routes departing from Islamabad to London Heathrow on 13th December and departing from Lahore to London Heathrow on 14th December. UK is home to the largest Pakistani diaspora community in the world, […]

China to sanction top US officials

Chen Qingqing and Fan Lingzhi Beijing: China has announced decisions to impose reciprocal sanctions against US officials in its executive and legislative branches, non-profit organization (NGO) representatives and their family members in response to the latest US sanctions on 14 Chinese deputy state-level officials. Officials in the US executive branch are believed for the first […]

Pakistan Parliamentary Committee asks govt to bring socio-economic development under CPEC

China Economic Net Islamabad: Pakistan’s Parliamentary Committee on China-Pakistan Economic Corridor (CPEC) has asked the government to bring projects relating to socio-economic development under the CPEC framework.The Committee said there was a greater need to pursue holistic and pragmatic approach for such inclusion of the projects into the CPEC. The Committee said it was necessary […]

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