Staff Writer Faisalabad: Ambassador of Indonesia to Pakistan Adam M. Tugio said this week that Indonesia and Pakistan must accelerate bilateral cooperation and research efforts to gain benefits from the flourishing Halal cosmetics market, which is rapidly increasing its share every year and creating number of investment opportunities with healthy future growth prospects. Speaking at […]
Read MoreChina Economic Net Hangzhou: The 2022 World Internet Conference Wuzhen Summit that concluded this week has demonstrated the role of digital technologies in advancing common prosperity in China, with a focus on expanding businesses, bridging the urban-rural divide and narrowing the income gap. Numerous case studies, on-site presentations and informed voices at the conference asserted […]
Read MoreChina Economic Net Beijing: The Beijing Stock Exchange has unveiled rules for margin trading and securities lending to prepare for the start of such businesses. The new businesses will help meet investors’ diversified trading demand, improve the pricing function of the market and boost market liquidity, according to the bourse. The rules are generally in […]
Read MoreStaff Writer Lahore: Ambassador of Denmark to Pakistan Jakob Linulf said this week that Pakistan and Denmark can cooperate much more on the cultural sector. “In LHR (Lahore). Pakistani kids & families were thrilled, shifting from silence in anticipation of what would happen next & to great laughter & cheering. Very proud that this exchange […]
Read MoreStaff Writer Islamabad: Ambassador of the State of Qatar Sheikh Saoud bin Abdulrahman Al Thani this week said that his country was always ready to cooperate with Pakistan. In a meeting with Minister of State for Foreign Affairs Hina Rabbani Khar, Ambassador Sheikh Saoud bin Abdulrahman Al Thani saif that both the countries had excellent […]
Read MoreChina Economic Net Beijing: China’s central bank has signed an agreement with the State Bank of Pakistan to establish RMB clearing arrangements in Pakistan. According to a statement on the People’s Bank of China website, these arrangements will assist enterprises and financial institutions in both countries in conducting cross-border transactions using RMB. They will also […]
Read MoreGwadar Pro Beijing: Pakistan’s seafood export to China topped $ 141.57 million, an increase of 34% in the month of January-September year-on-year, the General Administration of Customs of the People’s Republic of China (GACC) data showed. According to the General Administration of Customs of the People’s Republic of China (GACC), the trade of flours & […]
Read MoreChina Economic Net Beijing: For gardeners and homeowners who often lament the toil of mowing the lawn, a made-in-China robot can come to their service. The robotic lawn mower developed by Chinese service robotics firm ECOVACS can automatically map a lawn and its boundaries in less than 30 minutes, and mow a lawn of 600 […]
Read MoreNewswire Islamabad: Italy’s Ambassador to Pakistan Andreas Ferrarese has been backing enhanced economic ties between Italy and Pakistan for the last more than two years when he took charge in Islamabad. This week, the Ambassador and his wife Albana Ferrarese hosted an event to promote architectural cooperation between Pakistan and Italy. Speaking at the event, […]
Read MoreDing Gang In a recent New York Times article (published on October 21) analyzing the new US chip strangulation strategy against China, two words are used. The first appears in the headline, “Biden Just Clobbered China’s Chip Industry.” The English dictionary explains the word “clobber” as “defeat decisively or strike heavily.” Another word, “devastate,” appears […]
Read MoreOussama Romdhani Tunisian officials breathed a sigh of relief on October 15 after the International Monetary Fund announced preliminary approval for a $1.9 billion loan package. The country’s politicians viewed it as a vote of confidence for their policies, while government technocrats felt vindicated in the way that they negotiated the deal. The protracted talks […]
Read MoreStaff Writer Islamabad: Ambassador of Italy to Pakistan Andreas Ferrarese is playing key role in boosting the trade relations and strengthening close coordination between the private sectors of Italy and Pakistan. Under the Ambassador’s vision, bilateral trade between Italy and Pakistan can swell to €4 billion annually by fully exploiting the existing potential of the […]
Read MoreChina Economic Net Beijing: A report delivered by Xi Jinping at the 20th National Congress of the Communist Party of China (CPC) struck Sean Slattery as “very forward-looking.” Slattery was one of nine foreign experts invited to translate and polish the heavyweight report. All nine went out of their way to present the world with […]
Read MoreGwadar Pro Islamabad: Pakistan-China Business Forum (PCBF) this week expressed keen interest to promote Chinese investment in Pakistan. The PCNF delegation led by Chairman Sheikh Nasir Ali visited Islamabad Chamber of Commerce and Industry (ICCI). The delegation discussed various options to boost Pakistan-China business and investment cooperation. The delegation vowed to work jointly for facilitating […]
Read MoreStaff Writer Islamabad: Ambassador of Italy to Pakistan Andreas Ferrarese said this week that Italy had established the Italy-Pakistan Textile Technology Center (IPTTC) in Faisalabad at the National Textile University (NTU) to upgrade the local textile sector. He said the training centre, which was the first of its kind for Italian textile machinery technology in […]
Read MoreMoscow: Russia and Pakistan are transiting goods through the territory of Afghanistan, Pakistani Ambassador to Moscow Shafqat Ali Khan said this week. In an interview with TASS, he said: “By the way, one important thing I can tell you is that for the first time, a large amount of trade is taking place through Afghanistan.” […]
Read MoreStaff Writer Islamabad: Menzies-RAS Team gathered in their state-of-the-art cargo warehouse at Islamabad International Airport to celebrate the partnership between Menzies Aviation and Royal Airport Services – a collaboration which has laid the groundwork for monumental success and progress. As global experts in high value and time critical cargo handling, the ceremony allowed an exclusive […]
Read MoreIslamabad: Minister of State for Foreign Affairs Hina Rabbani Khar Friday said Financial Action Task Force (FATF) has removed Pakistan from the grey list, acknowledging the country’s significant progress in improving anti-money laundering and countering the financing of terrorism regime. In a press briefing here, she said “I am pleased to announce that as a […]
Read MoreStaff Writer Islamabad: Denmark’s Ambassador to Pakistan Jakob Linulf this week hosted a delegation from the FLSmidth company. “Happy to host delegation from FLSmidth company for launch of their green cement campaign to promote zero emissions factories. Campaign aims to reduce emissions from the cement industry for sustainable productivity,” the envoy tweeted. He said the […]
Read MoreZaid M. Belbagi In June 2009, when President Barack Obama sought a “new beginning” between the US and the Arab world, it seemed that Washington would engage in the region in a more meaningful way. However, his speech actually reflected another watershed moment, whereby the US steadily began disengaging from the region as it sought […]
Read MoreStaff Writer Islamabad: Italy’s Ambassador to Pakistan Andreas Ferrarese said this week that Italy has emerged as Pakistan’s largest source of workers’ remittances from the European Union and the second largest in Europe after the United Kingdom, as per Pakistan’s envoy to Italy. He said Italy has been playing a pivotal role in Pakistan’s socio-economic […]
Read MoreNewswire Islamabad: Sixteen different start-ups from across Pakistan pitched their business ideas to a set of decorated judges during the Chinese giant Huawei’s ‘HUAWEI CLOUD start-up program.’ The program is a global support program launched by HUAWEI CLOUD for global startups. The main purpose is to help and accelerate the business growth of technology startups […]
Read MoreStaff Writer Islamabad: Prime Minister Shehbaz Sharif said this week that Pakistan was desirous of Japanese investment in the projects of solar energy, cleaning drinking water, and treatment and drainage of wastewater and materials. The prime minister expressed these views while talking to a delegation of Japanese companies based in Pakistan, led by Japan’s Vice […]
Read MoreLondon: Britain is not yet in recession, revised data showed this week in a boost for under-fire Prime Minister Liz Truss, but its economy may still face a downturn on soaring interest rates. Gross domestic product expanded 0.2 percent in the second quarter, said the Office for National Statistics in an upgrade from its previous […]
Read MoreDing Gang Apple Inc. announced it will start producing the iPhone 14 in India on Monday. This is widely seen by analysts as an important step for India to catch up with China and become the world’s “second-largest factory.” Whether Apple’s move to India is a forced “political decision” or a forward-looking “economic decision,” there […]
Read MoreStaff Writer Islamabad: Italy’s Ambassador to Pakistan Andreas Ferrarese pledged cooperation in promoting business and economic interests of Pakistan in the international market. He made the remarks while speaking at a dinner reception organised by the Islamabad Chamber of Commerce and Industry (ICCI) for foreign diplomats. Ambassador Andreas Ferrarese said that Italy was investing in […]
Read MoreStaff Writer ISLAMABAD: Italy’s Ambassador to Pakistan Andreas Ferrarese this week underlined the importance of encouraging cultural connectivity to promote the two- way trade between Italy and Pakistan. Speaking to the business community in Islamabad, the envoy pointed out that vast opportunities were available to enhance mutual trade and investment between Pakistan and Italy. He […]
Read MoreNewswire Islamabad: In response to one of the worst humanitarian disasters the country ever suffered, Zong 4G has announced a new social contract dedicated to providing relief to flood affectees and helping rebuild Pakistan. With a three-point agenda, the company has laid out its strategy to help rebuild Pakistan – #ZongStandsByPakistan Fully realizing its role […]
Read MoreStaff Writer Lahore: A 250-member Japanese business delegation is set to visit Pakistan in last week of September to identify available opportunities in different sectors, Board of Investment (BOI) informed. Federal secretary of BOI Asad Rehman Gillani said that while speaking at a meeting at Lahore Chamber of Commerce and Industry. Gillani also shared that […]
Read MoreStaff Writer Islamabad: Pakistan’s trade balance is expected to improve in future with the introduction of the United Kingdom’s new trading scheme for products imported from developing countries. In the fiscal year 2022, Pakistan had a trade deficit of over $45 billion. However, it is hoped that the trade balance will improve with the introduction […]
Read MoreNewswire Islamabad: Deputy Head of Mission, Embassy of the Republic of Italy Dr Roberto Neccia said this week that the bilateral trade of €1.5 billion between Italy and Pakistan was much below the actual potential of both countries. He urged both the countries to work for improving their two way trade to at least €5-6 […]
Read MoreSinem Cengiz In international relations there is a well-known argument connecting defense and security needs with economic interests. Historically, under certain circumstances, states deepen their relations through both trade and defense diplomacy. In most cases, economic and defense trade makes a positive relationship more likely. Given the latest developments in Turkey-Gulf relations as part of […]
Read MoreStaff Writer Islamabad: Ambassador of Italy in Pakistan Andreas Ferrarese has said that Italy and Pakistan were committed to enhance trade ties. The envoy said that Italy and Pakistan had a potential of €4 billion bilateral trade, saying it’s perfectly doable with collective efforts of both governments and private sectors collaboration. Talking to the Pakistan […]
Read MoreStaff Writer Islamabad: Japanese Ambassador WADA Mitsuhiro said this week that his county has shown keen desire to work with the Pakistan government in the Railways and Aviation sector. The envoy in a meeting with Minister for Railways Khawaja Saad Rafique appreciated the efforts of his Ministry for allowing airplanes containing Japanese passengers evacuated from […]
Read MoreCanberra: Pakistani High Commissioner to Australia Zahid Hafeez Chaudhri this week expressed delight over the popularity of the Pakistani towels around the world. “Pakistan is amongst the top exporters of towels in the world. Glad to share a brochure on Pakistani Towels developed by TDAP,” he tweeted. Textiles comprise 57% of Pakistan’s export revenues. However, […]
Read MoreStaff Writer Islamabad: Ambassador of Italy to Pakistan Andreas Ferrarese is leading a massive campaign to multiply Pakistan-Italy trade ties. Under the Ambassador, the Italian embassy in Islamabad and its consulates are facilitating the Pakistani traders and easing the visa facilities. At a time when Pakistan’s economy is struggling with ever widening trade deficit, some […]
Read MoreDing Gang It is not surprising that it is becoming more and more fashionable to predict the course of the Chinese economy. China is the world’s second-largest economy, and its steady growth is enough to influence economic trends and decisions in many countries. But which data about China is more important and which is not […]
Read MoreStaff Writer Islamabad: Ambassador of Italy to Pakistan Andreas Ferrarese has said that through the green economy, Italy wanted to cooperate with Pakistan for environment protection, circular economy, resource saving and management, ecosystem protection and recovery, water conservation and natural disaster prevention. In a recent statement, the Ambassador said that Italy had established the Italy-Pakistan […]
Read MoreChina Economic Net Beijing: Royal Group, China, and JW Holdings, Pakistan, in the spirit to enhance cooperation in buffalo business between the two countries, signed a Memorandum of Understanding (MoU) on September 1 as a side event of the 2022 China International Fair for Trade in Services (CIFTIS). According to the MoU, the two companies […]
Read MoreStaff Writer Islamabad: Ambassador of Italy to Pakistan Andreas Ferrarese has said that Pakistan offered excellent investment opportunities for Italian companies. In a recent statement, he said bilateral trade volume between Italy and Pakistan has exponentially grown from € 1.42 billion in 2019 to €1.52 billion in 2021. According to the Ambassador Andreas Ferrarese, although […]
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