Ding 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 […]
Read MoreXinhua Beijing: The People’s Bank of China this week said that two foreign lenders have been added to the list of financial institutions that can provide firms with low-cost loans through a supporting tool for carbon emission reduction. Deutsche Bank (China) Co., Ltd. and Societe Generale (China) Ltd. are the two banks that have just […]
Read MoreMehmoodul Hassan Khan As usual, the western media was very enthusiastic about the US president Joe Biden’s latest trip to the Middle East and rated it as “successful” and “fruitful” in terms of economic partnerships, security deals and political consultations on different regional as well as international issues. In this connection, the shades of brutal […]
Read MoreAgnes Javed The U.S. Federal Reserve Board and the Federal Open Market Committee (FOMC) on Wednesday released the minutes of the committee meeting for July 2022. It shows that policymakers remain committed to raising interest rates as high as necessary in order to bring consumer prices closer to their 2% goal. “Participants agreed that there […]
Read MoreAamer Sheikh Water is not only a critical component of our food system, but a fundamental human right. It is also an essential resource for the growth and prosperity of communities worldwide. For Saudi Arabia — the eighth most at-risk country in terms of water stress according to the Washington-based World Resources Institute’s 2019 Aqueduct […]
Read MoreStaff Writer Islamabad: hardworking Ambassador of Italy to Pakistan Andreas Ferrarese has been exploring investment opportunities in Pakistan. In a recent reception, he emphasised on the enormous investment opportunities for mutual trade between Pakistan and Italy that can prove to be beneficial for both countries. The envoy – during whose ongoing term Pakistan and Italy […]
Read MoreXinhua Beijing: From cutting-edge biomimetic robots to medical robots to agricultural robots which can pick fruits — more than 500 sets of robots have shown up at the World Robot Conference 2022 (WRC 2022) which have brought visitors closer to what life will be like in the future. The four-day event, with more than 130 […]
Read MoreGwadar Pro Gwadar: Pakistan will soon receive Chinese trainers for Pakistan-China Technical and Vocational Institute in Gwadar. Gwadar Port Authority (GPA) Chairman Naseer Khan Kashani held meetings with the Shandong Institute of Commerce and Technology (SICT) on Thursday on the exchange program to introduce courses in Pakistan-China Technical and Vocational Institute. The technical and vocational […]
Read MoreGwadar Pro Islamabad: Pakistan’s National Database Regulatory Authority (NADRA) has decided to purchase 126,000 digital tablets from China for the upcoming 7th Population and Household Digital Census in December 2022. The delivery of tablets started today (August 20) and will be completed in eight batches by December 11, 2022, NADRA said. Among them, the first […]
Read MoreStaff Writer Islamabad: Ambassador of Italy to Pakistan Andreas Ferrarese said this week that Italy will enhance cooperation in technology transfer with Pakistan. He said green economy, transfer of technology for the industrial sector including textiles and agro industry, construction sector, education and health were major areas of focus to extend the bilateral cooperation. Ambassador […]
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