Xinhua Beijing: China’s economy has shown remarkable resilience and enormous potential, as evidenced by key indicators that have surpassed expectations and signs of consumer and investor confidence. This has become a significant driving force for the struggling global economy, according to market experts. China has set a GDP target of around 5 percent for 2023, […]
Read MoreStaff Writer Peshawar: Federal Minister for Overseas Pakistani and Human Resource Development Sajid Hussain Turi assured businessmen to resolve their issues on a fast-track basis, saying that the government is taking all possible steps for industrialisation and provision of all facilities to the business community. The federal minister strongly opposed the industries-hostile actions and initiatives […]
Read MoreStaff Writer Karachi: Consul General of Italy in Karachi Danilo Giurdanella said this week that in order to support the textile businesses in Pakistan, his consulate has worked out a special arrangement with the Italian Development Committee to facilitate would-be visitors to the forthcoming ITMA expo in Milan. Speaking as chief guest at the ‘Presentation […]
Read MoreStaff Writer Islamabad: Italy’s Ambassador to Pakistan Andreas Ferrarese urged the Pakistanis to use olive oil to boost health. “The best kind of olive needs experts and if Pakistanis get used to using olive oil, the Italian government would love to continue the olive project,” the envoy said while addressing a Roundtable discussion on “Holistic […]
Read MoreDing Gang When traveling in South China’s Guangdong Province not long ago, I heard my friends talk about chicken in Cantonese cuisine countless times. The locals always said, “no chicken, no feast.” In fact, if you had more experience tasting China’s various cuisines and flavors, you would understand that this hyperbole is nothing more than […]
Read MoreStaff Writer Faisalabad: Ambassador of Vietnam to Pakistan, Nguyen Tien Pong, said this week that there are vast opportunities to increase bilateral trade between the two countries, which need immediate steps to take advantage of accelerating businesses. He was talking during a meeting with Faisalabad Chamber of Commerce and Industry (FCCI) President Dr. Khurram Tariq. […]
Read MoreNewswire Beijing: China’s international trade in services stood at 459.5 billion yuan, or 67.6 billion U.S. dollars, in January, official data showed this week. Services exports totaled 177.4 billion yuan last month, and services imports were at 282.1 billion yuan, resulting in a trade deficit of 104.8 billion yuan, according to the State Administration of […]
Read MoreChina Economic Net Guangzhou: For three consecutive years, China’s homegrown games have raked in over 100 billion yuan (about 14.7 billion U.S. dollars) in annual sales revenue from overseas markets, according to the 2022 China Gaming Industry Report released recently. The report, released at the China Game Industry Annual Conference in the southern metropolis of […]
Read MoreStaff Writer Islamabad: Ambassador Extraordinary and Plenipotentiary of the Federal Democratic Republic of Ethiopia to the Islamic Republic of Pakistan Jemal Beker Abdula said this week that arrival of the Ethiopian Airlines in Pakistan would give a major boost to the relations between Pakistan and Africa by bolstering contacts among their people. “Ethiopian Airlines that […]
Read MoreIslamabad: Danish sportswear brand Hummel has signed the Pakistan Accord in order to reinforce its commitment towards worker safety. The initiative, which is part of the expanded ‘International Accord for Health and Safety in the Textile Industry,’ aims to ensure a safe environment for workers in the textile and garment sector in Pakistan. The International […]
Read MoreStaff Writer Islamabad: Ambassador of Italy to Pakistan Andreas Ferrarese this week underlines the importance two- way trade between Italy and Pakistan. In a recent event, the envoy said both countries had tremendous potential to enhance trade ties. He said vast opportunities were present to enhance mutual trade and investment between Pakistan and Italy and […]
Read MoreNewswire Rome: Italy intends to use funds coming from the European Union under the so-called REPowerEU plan to completely wean itself off Russian gas and turn the country into energy hub for the bloc, Prime Minister Giorgia Meloni said. Meloni, who met on Monday (6 February) with relevant ministers and the CEOs of energy groups […]
Read MoreNewswire Beijing: The Chinese economy is expected to grow further in 2023 thanks to policies of the Communist Party of China (CPC), Turkish experts have said. Selcuk Colakoglu, director of the Ankara-based Turkish Center for Asia-Pacific Studies, told Xinhua in a recent interview that China’s economy has entered a period of solid recovery, especially after […]
Read MoreStaff Writer Karachi: Consul General of Indonesia Dr June Kuncoro Hadiningrat has stressed the need to further strengthen the existing trade and economic cooperation between Indonesia and Pakistan through enhanced interactions between the business communities in addition to connecting Indonesian and Pakistani youngsters and children for fostering future economic cooperation. “For this purpose, Indonesia Pakistan […]
Read MoreStaff Writer Islamabad: Indonesian Ambassador Adam M. Tugio this week encouraged Pakistani business community to visit and personally observe potential for trade and investment in his country and offered them full support from his embassy. The invitation came during his visit to the Islamabad Chamber of Commerce and Industry (ICCI) where he met the acting […]
Read MoreStaff Writer Islamabad: Ambassador of Italy to Pakistan Andreas Ferrarese this week said that Italy-Pakistan bilateral trade and economic cooperation will be boosted with focused efforts. In an interview, the envoy said there was huge trade potential in different sectors of economy which needed to be explored and in this regard both sides were engaged […]
Read MoreChina Economic Net Islamabad: All-Pakistan Chinese Enterprise Association (APCEA) in collaboration with the Sustainable Development Goals (SDGs) Secretariat launched a report titled “APCEA Sustainable Development Report 2022” today at the Pakistan Institute of Parliamentary Services. The report provides a comprehensive overview of China-Pakistan Economic Corridor (CPEC) projects in Pakistan while highlighting the contribution of CPEC […]
Read MoreStaff Writer Islamabad: Federal Minister for Overseas Pakistanis and Human Resource Development Sajid Hussain Turi this week arrived in Saudi Arabia on a five-day visit, mainly to promote export of Pakistani manpower to Saudi Arabia and enhance bilateral relations. At the airport, Deputy Minister of Saudi Arabia, Dr Adnan Al Naeem, warmly welcomed the federal […]
Read MoreStaff Writer Islamabad: Federal Minister for Information Technology and Telcom Syed Amin Ul Haque this week said Pakistan wanted to boost ties with Sweden and European countries in the field of IT and Telecom. “Pakistan has a conducive environment for investment especially in the IT and telecom sectors, adding that steps are being taken to […]
Read MoreStaff Writer Islamabad: The efforts of the Embassy of Federal Democratic Republic of Ethiopia in Islamabad has started yielding results as a major business group from Pakistan has flown to Addis Ababa, the other day, to explore investment opportunities in its industrial sector. A high-level delegation of Arif Habib Group visited Addis Ababa where they […]
Read MoreIslamabad: Textile giant Nishat Mills (NML) this week said its board has decided to acquire Wernerfelt A/S, a Danish manufacturer of fabrics, either by the company itself and/or Nishat International FZE, Dubai, its wholly owned subsidiary. The company shared the development in its notice to the Pakistan Stock Exchange (PSX). “The Board of Directors of […]
Read MoreNewswire Islamabad: Ambassador Extraordinary and Plenipotentiary of the Federal Democratic Republic of Ethiopia to the Islamic Republic of Pakistan Jemal Beker Abdula said this week that his country wanted to have bilateral cooperation with Islamabad in diverse areas of security, climate, tourism, business, trade and investment. “Pakistan has many products which are in huge demand […]
Read MoreCarlos Martinez When Joe Biden was elected in November 2020, many around the world were hoping for a change of course in the US’ reckless new Cold War. US-China relations have always been complex and difficult; yet from the early 1970s onward, the trajectory had been toward deepening economic cooperation and a nuanced handling of […]
Read MoreStaff Writer Islamabad: Italy’s Ambassador to Pakistan Andreas Ferrarese this week urged Pakistani and Italian businesspersons to join hands and work together to enhance economic ties between Italy and Pakistan. In a meeting with Pakistani businesspersons, the Ambassador said his country gave utmost importance to relations with Pakistan and all-out efforts would be made to […]
Read MoreStaff Writer Islamabad: Ambassador of Indonesia top Pakistan Adam M. Tugio this week underlined that business communities of Indonesia and Pakistan need to explore sectors which can complement each other. The envoy paid a visit to the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) office and had a detailed discussion with Senior Vice […]
Read MoreIslamabad: Pakistan is expected to sell two gas-fired power plants to Qatar in an estimated $1.5bn deal to avoid a looming sovereign default, media reports said. The development came two days after the government constituted a new cabinet committee to sell state assets on a fast-track basis. The newspaper reported that the 2460 MW capacity […]
Read MoreStaff Writer Islamabad: With a friendly Ambassador of Italy Andreas Ferrarese at the helm in Islamabad, Pakistan’s goods and services trade with Italy witnessed a surplus of 158.11 percent during the first five months of the current fiscal year (2022-23) as compared to the corresponding period of last year. While the credit for fast improving […]
Read MoreDr Mehmood Ul Hassan Khan – Gwadar Pro Currently, Pakistan is in dire need to attract more foreign direct investments (FDIs) to avoid so-called propagated default. The incumbent government headed by Prime Minister Shehbaz Sharif is striving to maintain economic stability and achieve sustainability. However, the main economic indicators are pushing us into deep waters. […]
Read MoreStaff Writer Islamabad: In a New Year letter circulated to Huawei 195,000 employees, Huawei Rotating Chairman Eric Xu said that the company expect to round off the year with a total revenue of 636.9 billion yuan, which is in line with forecast, a slight rise in last year total revenues which totaled 636.8 billion yuan. […]
Read MoreMick O’Reilly London: Yes, it was two years ago on New Year’s Day that the United Kingdom formally ended its 46 years of membership of the European Union and divorced itself from all things European. Except their footballers who can make it to the English Premier League, of course. In the same week as very […]
Read MoreStaff Writer Islamabad: Prime Minister Shehbaz Sharif this week telephoned Emir of Qatar Tamim bin Hamad Al Thani and invited him to participate in the International Conference on Climate Resilient Pakistan, co-hosted with the United Nations, in Geneva on January 9, 2023. The PM also thanked the Emir for the generous humanitarian assistance provided by […]
Read MoreStaff Writer Islamabad: Denmark’s Ambassador to Pakistan Jakob Linulf said this week that Green energy can yield huge socio-economic dividends for Pakistan. “Green energy can yield huge socio-economic dividends for Pakistan. Promise to work hard to materialize the ambitious plans shared by the Danish energy experts during the visit,” he tweeted. The government-to-government and peer-to-peer […]
Read MoreStaff Writer ISLAMABAD: Ambassador of Italy in Pakistan Andreas Ferrarese this week urged the members of Pakistan Italy Alumni Network to play their role in further cultural cooperation and economic integration between both countries. Talking to the Pakistan Italy Alumni Network, the Ambassador said this year trade had exponentially risen and can reach around €2 […]
Read MoreStaff Writer Islamabad: Ambassador of Italy to Pakistan Andreas Ferrarese said this week that Italy was interested to invest in various sectors in Pakistan. In a statement, the Ambassador pointed to enormous investment opportunities for mutual trade between Pakistan and Italy that can prove to be beneficial for both countries. The envoy said that after […]
Read MoreSialkot: Denmark Ambassador to Pakistan Jakob Linulf this week visited the Sialkot Chamber of Commerce and Industry (SCCI) to interact with the business community. The Ambassador was welcomed by President SCCI Abdul Ghafoor Malik. Addressing the participants, the president SCCI said the both countries should ensure dedicated efforts to further improve two-way trade under the […]
Read MoreYu Jincui, Xing Xiaojing and Chen Qingqing Beijing: Chinese President Xi Jinping this week concluded his Saudi Arabia trip, his first to the Middle East region after the 20th National Congress of the Communist Party of China, which was also an unprecedented diplomatic event with the Arab world. The trip has not only yielded fruitful […]
Read MoreStaff Writer Islamabad: Ambassador of the state of Qatar Sheikh Saoud Abdulrahman Al-Thani on Wednesday said an investment worth $3 billion would be made in Pakistan. “During the recent visit of Prime Minister Shahbaz Sharif to Doha, Qatar has announced to make an investment in Pakistan worth $3 billion. The Amir of Qatar has stressed […]
Read MoreChina Economic Net Lahore: “At the critical moment when Pakistan’s economy is passing through an era of stagflation, SEZs are significant for shaping Pakistan’s new ‘industrial identity’, under which Pakistan is supposed to stand side by side with Chinese companies to embark on contemporary economic projects,” highlighted S.M. Naveed, Chairman, Special Economic Zones Authority (SEZA), […]
Read MoreStaff Writer Islamabad: Ambassador of Italy to Pakistan Andreas Ferrarese this week welcomed the bolstering trade ties between Italy and Pakistan. The envoy, who has been active to enhance Pakistan-Italy business relations, said that the trend was encouraging and the two countries will work together to reach the potential trade mark. Pakistan’s goods and services […]
Read MoreDing Gang There have been two major industrial news stories recently. One is Taiwan Semiconductor Manufacturing Company (TSMC)’s investment of $40 billion in the US to build an advanced chips factory, with Biden attending the groundbreaking ceremony; The second is the US and EU using the carbon emission issue to propose new tariffs on steel […]
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