London: 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 […]
Read MoreAli Farid Khwaja The US foreign policy shift towards China can end up creating a very divided global society, one filled with intrigues, conspiracies, and suspicion. The riots in Sri Lanka and Pakistan’s current political scene are examples of this. Such fissures will not be limited to the emerging markets but are likely to have […]
Read MoreStaff Writer Islamabad: Ambassador of Italy to Pakistan Andreas Ferrarese said this week that Pakistan’s exports to Italy reached an all-time high of $805 million during the first 9 months of this financial year according to the Pakistani official reports. He maintained Italy was now home to the largest Pakistani diaspora in the European Union […]
Read MoreGwadar Pro Beijing: The Chinese box office this summer has reached 7.382 billion yuan (about 1.095 billion U.S. dollars) as of Saturday, already surpassing the total revenue for the last summer movie season, said the China Film Administration. The top earners include the Chinese sci-fi comedy “Moon Man” and the movie drama “Lighting Up The […]
Read MoreStaff Writer Karachi: The Ambassador of Italy to Pakistan Andreas Ferrarese this week inaugurated Beretta store, a leading Italian brand of firearms at Karachi. The Italian Consul General in Karachi Danilo Giurdanella also joined the inaugural event. After ribbon cutting ceremony, the Italian Ambassador visited different departments of this store. Speaking on this occasion, the […]
Read MoreHu Xijin Five Chinese state-owned giants – China Life Insurance, PetroChina, Sinopec, Aluminum Corporation of China, and Sinopec Shanghai Petrochemical – have announced they will delist from the New York Stock Exchange (NYSE). It is important to understand exactly what the delisting means, without either underestimating or overstating the significance. The five companies’ choice, as […]
Read MoreKarl Crowther Alongside the pandemic, 2022 continues to be marred by a significant and ongoing supply chain crisis. Disruption to shipping, increasing freight prices and shortages of everything from semiconductors to HGV drivers has led to empty shelves for consumers and rising costs for retailers. For the last two years, with shattered supply chains and […]
Read MoreStaff Writer Islamabad: Ambassador of Italy in Pakistan Andreas Ferrarese this week said that Italy and Pakistan will touch new heights in bilateral trade in the coming years. The envoy said that Italy and Pakistan have a potential of €4 billion bilateral trade, saying it’s perfectly doable with collective efforts of both governments and private […]
Read MoreNewswire Beijing: China is willing to restore and expand air routes and personnel exchanges with Pakistan in an orderly manner, a senior Chinese official said. Last week, talking to Foreign Minister Bilawal Bhutto Zardari on the sidelines of Shanghai Cooperation Organization (SCO) Council of Foreign Ministers meeting in Tashkent, Uzbekistan, Chin’s State Councilor and Foreign […]
Read MoreStaff Writer Islamabad: Italy’s Ambassador to Pakistan Andreas Ferrarese this week welcomed the rapid increase in Pakistani exports to Italy. Speaking to Covert, the envoy said that Italy was facilitating Pakistani exports as Rome wanted to enhance trade ties with Islamabad. “This is a good development. The trade ties are getting a boost. I wish […]
Read MoreYusaku Yoshikawa On 10 June 2022, Japan finally started allowing international tourists into the country for the first time in two years after the COVID-19 pandemic began. Seeking to balance its reopening and preventing the spread of infection, the Japanese government requires all tourists to wear face masks, and to be privately insured and chaperoned. […]
Read MoreStaff Writer Islamabad: Italy’s Ambassador to Pakistan Andreas Ferrarese this week said that Pakistan and Italy had the potential to enhance cooperation in many fields. In a meeting with Minister of State for Foreign Affairs Hina Rabbani Khar here, the envoy emphasized the need for further enhancing bilateral cooperation in trade and investment. During the […]
Read MoreGwadar Pro Islamabad: Pakistan and China are closing in to deal in Renminbi (RMB) and Pakistani Rupees (PKR) as Pakistan faces financial challenges, a Pakistani minister said. Federal Minister for Board of Investment (BOI) Chaudhry Salik Hussain told Gwadar Pro that the talks between Pakistan and China were ongoing to finalize the matter. “We can […]
Read MoreChina Economic Net Fuzhou: “As one of the main olive producing areas in China, the processing industrial chain in Fujian Province is still far from perfect. The supply of high-quality olives is in short supply; besides, the by-product market also contains unlimited potential. Namely, the market space is huge. In the future, if we can […]
Read MoreChina Economic Net Beijing: Pakistan’s export to China crossed $1.918 billion in the first half (H1) of this year, up 10.97 percent from $1.728 billion in the same period of the previous year, which continue to increase on yearly basis, shows the official data from the General Administration of Customs of the People’s Republic of […]
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