China Economic Net Suzhou: Recently, the first batch of 120 12m Higer buses were delivered to Karachi, Pakistan. As one of “Made in China” representatives, the buses will guarantee Pakistan’s daily transportation, providing the locals with comfortable and perfect public transportation experience. “We officially entered the Pakistani market in 2008. Last year, we sold a […]
Read MoreGwadar Pro Islamabad: SINOVAC has expressed keen interest in setting up a joint venture for the diagnosis, prevention, and treatment of Covid by investing in Pakistan. A delegation of the company discussed the opportunities with Prime Minister Shehbaz Sharif at a meeting here. SINOVAC’s General Manager Qiang Gao led the Chinese company delegation. The Prime […]
Read MoreStaff Writer Islamabad: Italy’s Ambassador to Pakistan Andreas Ferrarese this week welcomed the growing trade between Pakistan and Italy. Speaking to Covert, the envoy said the two countries have a great opportunity to take the trade ties to higher levels. Earlier, Pakistan`s Ambassador to Italy, Jauhar Saleem said that Italy is set to become a […]
Read MoreSara Al-Mulla If the COVID-19 pandemic has taught us anything, it is that bolstering resilience should be a priority for governments in the coming years. In an unfortunate series of events, what began as a localized outbreak quickly rippled around the globe, unfolding rapidly and creating devastating economic chasms that burdened social protection and healthcare […]
Read MoreTehran: Russia and Iran have discussed possible oil and gas swaps and investment in oil and gas projects, Russian Deputy Prime Minister Alexander Novak told reporters following a meeting with representatives of Iran’s business community. “Energy is one of the most important sectors of our trade and economic cooperation. We discussed in detail issues related […]
Read MoreGwadar 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 […]
Read MoreNewswire Karachi: The Pakistan airspace is set to get crowded as Fly Jinnah, a proposed low-cost carrier, prepares to take wing by June, Newswire reported. The airline has already commenced recruitment drives for cabin crew in Karachi, Islamabad, and Lahore. Fly Jinnah will operate flights between Karachi, Lahore and Islamabad. The airline has announced to […]
Read MoreNewswire Tokyo: Japanese electronics manufacturer TDK will spend roughly 50 billion yen ($383 million) to construct a domestic factory that makes parts for electric vehicles, Nikkei has learned, in a move that follows a growing trend of locating capacity at home due to supply chain pressures and the weak yen. The new facility will make […]
Read MoreKerry 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 […]
Read MoreGwadar Pro KARACHI, . Powered by China-made buses, the Pakistani Sindh provincial government has decided to make the Orange Line Bus Rapid Transit (BRT) project operational within a month for Karachiites. The decision was made in a session of Sindh Mass Transit Authority chaired by the provincial transport minister Sharjeel Memon on Friday afternoon in […]
Read MoreStaff Writer Federal Minister for Finance and Revenue Miftah Ismail on Wednesday met British High Commissioner Christian Turner and expressed the desire to “further expand” the long-standing ties between Pakistan and the United Kingdom for the “mutual benefit” of both countries. In a statement issued by the Finance Ministry, Turner called on Ismail along with […]
Read MoreStaff 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 […]
Read MoreGwadar Pro Lahore: Federal Minister for Planning Development and Special Initiatives Ahsan Iqbal said this week that the new Pakistani government will remove all hurdles in the smooth sailing of the China-Pakistan Economic Corridor (CPEC) projects. Speaking at a news conference here, Iqbal emphasized that CPEC was very important for the country’s future so the […]
Read MoreGwadar 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. […]
Read MoreIslamabad: 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 […]
Read MoreNewswire 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 […]
Read MoreDimah 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. […]
Read MoreStaff Writer Islamabad: State Minister for Foreign Affairs Hina Rabbani Khar said this week Pakistan valued its relations with the United States based on mutual respect, trust and equality. Khar expressed these views in a meeting with U.S. Chargé d’affaires Angela Aggeler who called on her here at the Ministry of Foreign Affairs. The State […]
Read MoreNewswire Tokyo: Japanese finance minister Shunichi Suzuki said on Tuesday the damage to the economy from a weakening yen at present is greater than the benefits accruing to it, making the most explicit warning against the currency’s recent slump versus the dollar. The yen’s fall has worsened imported inflationary pressures in Japan amid a spike […]
Read MoreNewswire Rome: NetBet Italy – one of the country’s most exciting online casinos – has teamed up with fresh talent Spribe to bring the best of their games to a global audience. NetBet have made a name for themselves as one of the most dynamic and long-standing online casinos in the industry, offering premium games […]
Read MoreNewswire 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 […]
Read MoreGwadar 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. […]
Read MoreYossi Mekelberg The era of low prices, especially where food and energy are concerned, is evidently well and truly over. Inflation is engulfing the global economy and much of it can be attributed to the impacts of the COVID-19 pandemic, various domestic factors and, more recently, the war in Ukraine. However, while the economic impact […]
Read MoreNewswire 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 […]
Read MoreYoshifumi 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, […]
Read MoreGwadar Pro Karachi: The Sindh provincial government has launched the construction of Karachi’s Red Line Bus Rapid Transport (BRT) project, a Joint venture (JV) of China Railway and AM Associates worth Pakistani Rs 16 billion. The Sindh provincial government will buy 250 buses from China soon for the project. Trans Karachi – the operator of […]
Read MoreCheng 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 […]
Read MoreChina Economic Net Islamabad: Huawei has confirmed that it will launch a new phone in the global market, including Pakistan, most likely the Nova 9 SE. The teasers were released on Twitter, and included a video of a smartphone that was “sleek and thin with ultra-narrow bezels.” Another teaser video depicts an oval-shaped camera with […]
Read MoreNewswire 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 […]
Read MoreTom 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 […]
Read MoreGwadar 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 […]
Read MoreMichael Rothman For the better part of two years, oil market volatility had at its center concerns linked to the coronavirus pandemic and, more specifically, negative impacts on global oil demand growth from isolating and containment measures. And 2020 saw the largest ever retrenchment in oil usage that eclipsed the previously worse contraction, which occurred […]
Read MoreRurika Imahashi Tokyo: Japan’s top automakers are gearing up to roll out electric versions of the lightweight kei minicars that are so popular with drivers in the country, accelerating the shift to greener transport in the world’s No. 3 economy. Nissan Motor and Mitsubishi Motors are leading the race to electrify the tiny, nippy cars […]
Read MoreMichael Rothman Climate change has been pushed to the forefront in most political arenas, and there is broad agreement that an evolution of energy use is in the long-term interest of our planet’s inhabitants. Who can argue with that? The issue, though like most all human challenges, is less about the desired end-result and more […]
Read MoreYasar Yakis The US State Department two weeks ago sent a document to the Department of International Economic Affairs at the Greek Foreign Ministry. It was about the Eastern Mediterranean (EastMed) gas pipeline project. Greek media was alarmed by its content. The document said that while Washington remained “committed to physically interconnecting the EastMed energy […]
Read MoreNewswire Holiday bookings have jumped with “notable increases” in trips planned for February half-term and Easter ahead of Covid travel tests being scrapped. Jet2 said bookings had increased by 30% on last week after the announcements that rules would be relaxed for people arriving in the UK. The rule changes mean fully-vaccinated people arriving in […]
Read MoreNewswire Tokyo: A record 327 day-care centers temporarily shut down in Japan this week as the coronavirus resurgence grips the country, the health ministry said, causing a headache for working parents. The number of such facilities suspending services as of last Thursday, excluding privately operated or locally licensed ones, increased fourfold in a week along […]
Read MoreChina 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 […]
Read MoreMoscow: 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 […]
Read MoreIslamabad: 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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