PM Shehbaz Sharif vows to work closely with Huawei to enhance IT exports to $ 15 billion

Gwadar Pro Islamabad: Prime Minister Shehbaz Sharif this week vowed to work closely with Chinese giant Huawei to enhance Pakistan’s Information Technology (IT) exports to US $ 15 billion. He was talking to Senior Vice President of Huawei and President of the Middle East and Africa Region of Huawei Yi Xiang, who called on him […]

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Why Twitter matters and what Musk’s buyout might mean

Kerry Boyd Anderson Elon Musk’s plan to purchase Twitter and take the company private has prompted speculation about the social media platform’s future. Musk has offered $44 billion for Twitter, raising questions about the company’s value and sparking concerns that he will roll back content moderation policies. A fundamental question underlies the controversy that often […]

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Italy can extend its cooperation to equip and train Pakistani youth with modern skills: Ambassador Andreas Ferrarese

Staff Writer Islamabad: Ambassador of Italy to Pakistan Andreas Ferrarese said this week that Italy can extend its cooperation to equip and train the Pakistani youth with modern skills and technology for enhance their contribution in the local economy. The envoy said Italy wanted to start a new era of economic and trade cooperation with […]

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Daewoo Gas signs contract with Chinese company in offshore LNG terminal

Gwadar Pro Islamabad: Daewoo Gas has signed a Master Engineering Procurement Construction and Finance (EPCF) contract with China National Chemical Engineering Construction Company (CNCEC) under which CNCEC would design, construct and finance an offshore LNG terminal. The terminal would be complete with topside equipment to enable LNG filling into ISO containers for use in Pakistan. […]

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Japan eyes skill development collaborations with Pakistan

Islamabad: Pakistan has a huge workforce concentrated in the IT sector and Japan is planning more collaboration with Pakistan regarding the training of skilled human resources and employment of Pakistani skilled workers in different sectors, said Deputy Director-General at Asian and Oceanian Affairs Bureau at the Ministry of Foreign Affairs of Japan Iwamoto Keiichi. He […]

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Italy’s main voice in exports is robotics and machinery: Ambassador Andreas Ferrarese

Newswire Islamabad: Italy’s Ambassador to Pakistan Andreas Ferrarese said this week that Italy’s main voice in exports was robotics and machinery. “When people think of Italy, they think of fashion. But our main voice in exports is robotics and machinery — all the textiles in China are made with our looms,” said the ambassador. An […]

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New e-invoicing system in KSA

Dimah Talal Al-Sharif Saudi Arabia’s newly implemented electronic invoicing system aims to transform the issuing of paper invoices and notices into an electronic process. The electronic invoicing system allows the exchange of invoices, debit and credit notices, and all their related processes to take place in an electronic format between the seller and the buyer. […]

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Ambassador Andreas Ferrarese vows to contribute towards making Faisalabad a hub of fashion design industry

Newswire Islamabad: Italy’s Ambassador to Pakistan Andreas Ferrarese has said that he aimed to contribute towards making Faisalabad a hub of fashion design industry. In a recent interaction with Pakistani businessperson, he said that Italy will cooperate for branding high quality textile products of Faisalabad and developing the city as a hub of fashion design […]

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Pakistani exporters urged to take advantage of huge Chinese market

Gwadar Pro Islamabad: Pakistan Furniture Council (PFC) this week urged the Pakistani exporters to take advantage of the huge Chinese market. Chief Executive Officer of PFC Mian Kashif Ashfaq, while talking to a delegation of exporters led by Ishtiaq Ahmad Motianwali Sarkar here, maintained that the recent upward trend in exports to China was encouraging. […]

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Ambassador Andreas Ferrarese keen to promote Italy-Pakistan trade ties

Newswire Islamabad: A delegation of Islamabad Chamber of Commerce and Industry led by Muhammad Shakeel Munir, President called on Italy’s Ambassador Andreas Ferrarese at his office this week. They discussed with him the prospects for further improving bilateral trade and economic relations between the two countries. Muhammad Faheem Khan Vice President and Sheikh Amir Waheed […]

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Analysis: Japanese PM Kishida decided weeks ago to keep Russian gas

Yoshifumi Takemoto, Yuka Obayashi and Ritsuko Shimizu Tokyo: Japanese Prime Minister Fumio Kishida’s announcement this week that he would not abandon a massive Russian gas project was decided weeks ago when he told top officials in private he wouldn’t risk Japan’s energy security, three sources said. Kishida assured his trade and economy minister, Koichi Hagiuda, […]

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Sustainable development for Pakistan’s economic prosperity

Cheng Xizhong – China Economic Net Pakistani Federal Minister for Finance and Revenue Shaukat Tarin, while addressing an event organized by Association of Chartered Certified Accountants (ACCA) Pakistan on Thursday, said that the Pakistani government was focusing on inclusive and sustainable development for economic prosperity of the country. The COVID-19 crisis has quickly turned into […]

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Zahid Hafeez Chaudhri lauds Pakistani textile sector

Newswire Canberra: Pakistani High Commissioner to Australia Zahid Hafeez Chaudhri this week appreciated the Pakistani textile sector for their valuable contribution towards promoting the image of the country. “Glad to see more of “Made in Pakistan” in the textile sector. Hilton Worldwide in among buyers of Pakistani textile products,” he tweeted with a product. Hilton […]

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China’s 5.5% GDP target displays resilience and ability against headwinds

Tom Fowdy – China Daily Over the past weekend, China held its annual two sessions meetings and declared a GDP growth target for 2022 of around 5.5 percent. The term “two sessions” refers to the annual meetings of the nation’s top legislature, the National People’s Congress, and the top political advisory body, the Chinese People’s […]

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Chinese video streaming platform BIGO Live gains massive popularity in Pakistan

Gwadar Pro Islamabad: Chinese video steaming platform BIGO Live has become increasingly popular in Pakistan. Bio Technology, one of the fastest growing technology companies, recently hosted BIGO Live Awards Gala Pakistan 2022 to acknowledge the top Pakistani content creators and contributors on BIGO. The top management of BIGO Live, Chinese Ambassador Nong Rong and top […]

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China Power Hub Generation Company wins NEPRA’s CSR Stalwart Award

China Economic Net Islamabad: The China Power Hub Generation Company (Pvt) Ltd (CPHGC) this week received National Electric Power Regulatory Authority (NEPRA)’s Corporate Social Responsibility (CSR) Stalwart Award for supporting its CSR drive ‘Power with Prosperity.’ NEPRA Chairman Tauseef H Farooqi presented the plaque of appreciation to CPHGC Chief Executive Officer Ren Lihui here at […]

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Europe won’t receive Russian oil and gas, if Russia disconnected from SWIFT

Moscow: The European countries will not be able to receive gas, oil and metals from Russia in case Russia is disconnected from the SWIFT international payment system, Nikolay Zhuravlev, Vice Speaker of the Federation Council, said this week. The Federation Council is the upper house of the Russian parliament. Earlier, British Prime Minister Boris Johnson […]

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PM for improving PIA’s performance, providing best aviation services

Islamabad: Prime Minister Imran Khan this week directed the authorities concerned to improve the performance of the national flag carrier Pakistan International Airlines (PIA). The prime minister, chairing a high-level meeting to discuss the matters pertaining to aviation, called for ensuring the provision of the best aviation services to the people. The prime minister also […]

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Pakistan welcomes Iranian offer to waive off tariff on agri-products

Islamabad: Minister for National Food Security Syed Fakhar Imam this week welcomed Iranian offer to waive off tariff on all agricultural exports to Iran and said that Pakistan has immense export potential in citrus fruits, rice, mangoes, onion, potatoes, fisheries and livestock. Speaking to Ambassador of the Islamic Republic of Iran to Pakistan Syed Mohammad […]

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Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG

Rome: The Italian luxury sports car manufacturer headquartered in Maranello, Italy, Ferrari has announced the firm is partnering with Velas Network AG, a firm that specializes in blockchain and non-fungible token (NFT) technology. On December 27, Ferrari the well known luxury sports car maker founded in 1939 by Enzo Ferrari revealed the firm is stepping […]

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