China Economic Net Beijing: China’s value-added industrial output, an important economic indicator, went up 6.4 percent year on year in July as production demand continued to recover, data from the National Bureau of Statistics (NBS) showed.The figure was up 11.5 percent from the level in July 2019, bringing the average growth for the past two […]
Read MoreTokyo: Japan rebounded faster than expected from its pandemic-driven slump in the run-up to the Tokyo Olympics.Official figures show the world’s third-largest economy grew at twice the rate forecast in April to June.But analysts have warned growth will be modest this quarter after a state of emergency was reimposed to ease a spike in Covid-19 […]
Read MoreIslamabad: Pakistan this week started exporting mangoes to Russia after the time period to exchange perishable goods between the two countries was reduced to a mere seven days since a multinational export convention opened up the option of land route.Pakistan Customs announced that the first consignment of White Chaunsa (a popular mango breed) to Russia […]
Read MoreNewswire Islamabad: Italy’s Ambassador to Pakistan Andreas Ferrarese has said that Italy has helped establish two technology centers in Pakistan recently. “Recently, two technology centres have been established with Italian cooperation – the Italy-Pakistan Footwear Technology Centre in Lahore and the Italy-Pakistan Textile Technology Centre in Faisalabad – for which latest machinery has been donated […]
Read MoreGwadar Pro Rahim Yar Khan: A new road will be constructed with a cost of Rs 4 billion from Bahawalpur to Jhangra to connect the Bahawalpur Industrial Zone with the China-Pakistan Economic Corridor (CPEC), Pakistan Minister for Industries and Production Makhdoom Khusro Bakhtiar said.He said another new road will also be constructed from the Industrial […]
Read MoreNewswire Tokyo: A select number of Japanese brands now offer drinks packaged in aluminium cans instead of plastic bottles. The decision is framed as a counteractive measure in the fight against marine plastic pollution.According to the WWF, each year, 8 million tonnes of plastic are dumped in our oceans. 90% of seabirds have microplastics in […]
Read MoreCathleen O’Grady London: The United Kingdom currently has one of the highest rates of open-access publication in the world, with many researchers posting their research papers on websites that make them publicly available for free. But the country’s leading funding agency announced a new policy that will push open access even further by mandating that […]
Read MoreNewswire Islamabad: The Pakistan parliamentary delegation, headed by National Assembly Speaker Asad Qaiser, recently called on Azerbaijan’s Foreign Minister Jeyhun Bayramov.The two sides discussed issues of mutual interest and also deliberated on the prospects of enhancing cooperation in various fields. The speaker felicitated the Azeri foreign minister on the liberation of territories from Armenia. Pakistan […]
Read MoreNewswire Islamabad: Austrian ambassador to Pakistan Nicolaus Keller is a huge supporter of closer Pakistan-Austria ties.He has been meeting Pakistan officials to achieve the goal of further cementing the friendship. Nicolaus Keller, born 1970 in Austria. Sinde 2018 to date, he said Ambassador Extraordinary and Plenipotentiary of the Republic of Austria to the Islamic Republic […]
Read MoreGwadar Pro Islamabad: Prime Minister Imran Khan has ordered to resolve the severe electricity crisis in Gwadar and Makran on a priority basis, said a top businessperson who met the PM.Gwadar Chamber of Commerce and Industry president Mir Naveed Jan Baloch said that Prime Minister Imran Khan had shown seriousness to resolve these problems. He […]
Read MoreChina Economic Net Islamabad: Foreign Minister Shah Mehmood Qureshi said this week that Bahrain should invest in the Special Economic Zones (SEZs) established under the China Pakistan Economic Corridor (CPEC).“There are many areas in Pakistan, where Bahraini investors can go and invest especially in the Special Economic Zones (SEZs) being established along CPEC,” he said […]
Read MoreWind energy is of outstanding importance to the energy transition in Germany. According to the Federal Statistical Office, its share in total gross electricity production of about 24% is far higher than those of all other renewable energy sources.“To reach our climate goals, it is important to further expand these capacities and to replace as […]
Read MoreNewswire Islamabad: Ambassador of Italy to Pakistan Andreas Ferrarese has said that Italy was committed to extend the cooperation of a diverse potential sector to enhance the bilateral economic cooperation between Pakistan and Italy. Ambassador Ferrarese said that green economy, transfer of technology for industrial sector including textiles and agro industry, construction sector, education and […]
Read MoreIkenna Emewu In 2020, while documenting the Abuja integrated transport project, which includes the metro, intercity railway and the Abuja airport, and is handled by China Civil Engineering Construction Corp, I read in detail how China developed its high-speed railways.Cooperation between countries is important for improving infrastructure and boosting economic development, and it is cooperation […]
Read MorePeter Boone and Simon Johnson Anyone who risks a visit to Canada these days needs to take care. Canadians are threatening six months in jail, and up to $750,000 in fines, for disobeying testing and quarantine rules upon arrival.In the UK, travelers arriving from outside the country have been warned they could face 10 years […]
Read MoreIslamabad: Federal Minister for National Food and Security and Research Syed Fakhar Imam met Ambassador of Argentina in Pakistan Leopold Francisco Sahores this week. They said Pakistan would import low cost grain storage technology from Argentina and enhance its technological outreach gradually.Fakhar Imam discussed agricultural trade between the two countries and said that Pakistan had […]
Read MoreChina Economic Met Islamabad: Pakistan has urged Saudi Arabia to benefit from the “vast opportunities” of the China-Pakistan Economic Corridor (CPEC) and its Special Economic Zones (SEZs) as Foreign Minister Prince Faisal bin Farhan visited Islamabad and held talks with the top leadership.The Saudi FM met President Arif Alvi and Prime Minister Imran Khan besides […]
Read MoreMiriam McNabbon Tokyo: Japan’s IT Media reports that Japan Post has invested 3 billion yen – more than 27,000,000 USD in drone manufacturer ACSL drone delivery technology, in order to implement commercial mail delivery by drone in 2023.Delivering mail in an increasing challenge in depopulated and remote areas of Japan. A shortage of delivery personnel […]
Read MoreDing Gang Many Western media outlets have simply interpreted China’s recent regulation measures on internet companies, such as Alibaba and Didi Chuxing, and publicly listed tutorial companies as Chinese government’s crackdown on capital. Some foreign elites view this as a move by Beijing to put capital under command of the Communist Party of China. They […]
Read MoreTokyo: Japan kept the overall assessment of its economy unchanged for a second straight month in July, retaining the view that conditions remain severe due to the impact of the coronavirus pandemic.In a monthly report approved by Prime Minister Yoshihide Suga’s cabinet this week, the government said full attention should be given to the way […]
Read MoreCornelia Meyer All’s well that ends well: After two weeks of tussle between OPEC stalwarts and long-time allies Saudi Arabia and the UAE over whether Abu Dhabi should be permitted to increase its baseline from which production cuts are calculated, a pre-Eid grand bargain was reached. OPEC+ will raise its production by 400,000 barrels per […]
Read MoreGwadar Pro Beijing: China and Pakistan welcome any third party who supports the Belt and Road Initiative (BRI) and the China-Pakistan Economic Corridor (CPEC) to take part in the Gwadar Port and other corridor projects on the basis of mutual respect, win-win cooperation and consensus through consultation to share the dividends of the BRI, said […]
Read MoreLondon: History suggests Britain’s house price surge could threaten hopes of post-Brexit export-powered growth, if finance minister Rishi Sunak uses the housing market to fuel the economy like his predecessors did.Stoked by his tax break on property purchases and a pandemic-driven rush for larger houses as more people work from home, house prices are rising […]
Read MoreWilliam Pesek Tokyo: The Bank of Japan is turning heads as it joins peers in adding melting glaciers and environmental wokeness to the list of reasons to cut interest rates. To monetary purists, combating climate change is central bank mission creep run amok — this can only end badly. To others, it is wise recognition […]
Read MoreChina Economic Net Beijing: China stands ready to forge even closer Belt and Road partnerships with various sides and follow a path of unity, cooperation, connectivity and joint development to jointly promote the building of a community with a shared future for mankind, President Xi Jinping said this week. Xi made the remark in a […]
Read MoreGwadar Pro Islamabad: Pakistan has exempted the China-Pakistan Economic Corridor (CPEC)’s enterprises of the Special Economic Zones(SEZs) from the minimum tax for the financial year of 2021-22 – starting on July 1, and onwards.Presenting the national budget in the parliament this week, Finance Minister Shaukat Tarin said the SEZs were a key projectof the mega […]
Read MoreNewswire London: Referring to the vast business opportunities, Pakistan and UK have emphasized on the importance of further developing relations in the investment and trade sectors.These views were expressed during a webinar organized by the Punjab Board of Investment & Trade in collaboration with UK Pakistan Business Council to explore investment and business opportunities in […]
Read MoreDaniel Leussink Tokyo: Japan’s economy likely grew and avoided slipping into recession this quarter but an extension of emergency measures to stem a rise in coronavirus infections has dented the growth outlook, a poll showed.Just over a month before Tokyo is set to host the Olympic Games, the world’s third-largest economy was seen expanding an […]
Read MoreNewswire Islamabad: Italy’s Ambassador to Pakistan Andreas Ferrarese has said that Italy remains an active investor in Pakistan.In an interview, the envoy said Italy highly encouraged Pakistani companies and businessmen to invest in a number of sectors in Italy. “Italy offers lucrative investment opportunities as it has a domestic market of 60 million people as […]
Read MoreNewswire Islamabad: Serena Hotels have inked a Memorandum of Understanding (MoU) with World Wide Fund for Nature–Pakistan (WWF-Pakistan), and the Aga Khan Rural Support Programme (AKRSP) with the aim to further the common objectives of climate mitigation, climate adaptation, land degradation, food security, biodiversity conservation and enhancing community resilience in view of Pakistan’s needs, and […]
Read MoreNewswire Tokyo: In what might be the unlikeliest indicator of a post-pandemic recovery, a pair of premium Japanese melons have sold for US$24,800 at auction, over 22 times more than last year’s virus-hit price.The 2.7 million yen price tag at the season’s first auction for the famed Yubari melons is still a snip compared to […]
Read MoreNewswire London: Britain’s competition regulator is reviewing AstraZeneca’s (AZN.L) planned $39 billion takeover of U.S.-based Alexion (ALXN.O) on whether it could reduce competition in Britain or other markets. The UK’s Competition and Markets Authority (CMA) said on Tuesday it was inviting comments from any interested party on the deal to help its assessment, a routine […]
Read MoreKang Bing Being the world’s second-largest economy, China’s presence in other countries is, understandably, increasing in the form of investment, aid and loan. Official data released early this year show that despite the devastating impact of the COVID-19 pandemic on the global economy, China’s direct overseas investment increased 3.3 percent year-on-year to $132.9 billion last […]
Read MoreNewswire Karachi: Chinese company Changan Auto will be the first in the history of Pakistan to export locally (Pakistan) made vehicles. The company has selected Pakistan as a strategic export base for right-hand drive countries.The company has opened a plant in Karachi with an annual production capacity exceeding 50,000 units. Changan Auto has already sold […]
Read MoreMichael Spence At this point in the pandemic, the key question is whether vaccine production can be ramped up quickly enough to allow most people to be vaccinated relatively soon. But implicit in that question is another: Whether and under what circumstances it is appropriate to suspend domestic and internationally agreed intellectual property (IP) rights. […]
Read MoreIslamabad: As ICT technologies develop rapidly and become integrated into more and more verticals, the digital economy is becoming the fastest growing, most innovative, and widest-reaching economy. It is an important driver of global economic growth and recovery, playing a vital role in unleashing the potential of economic development, driving the transformation of traditional industries, […]
Read MoreNewswire Islamabad: A new initiative that will enable small and medium enterprises (SMEs) in Pakistan to effectively engage in international markets was launched this week.This UK-funded initiative will help enhance Pakistan’s trade diversification and integration into global value chains. The International Trade Centre (ITC) will implement the Revenue mobilization, Investment and Trade Programme (ReMIT) programme. […]
Read MoreIslamabad: Federal Minister for Economic Affairs Omer Ayub Khan this week said that Pakistan values the bilateral and friendly relations with Japan and both countries share common views on most of the regional and international economic issues.He made these remarks in a virtual meeting with the Chief Representative, JICA Pakistan, Shigeki Furuta to discuss the […]
Read MoreNewswire Islamabad: Pakistan has begun a process to market its professionals from Information and Communications Technology (ICT) sector in Japan, aimed at fetching a maximum quota in the jobs recently announced by Tokyo for the overseas workers.Overseas Employment Corporation (OEC), an attached department of Ministry of Overseas Pakistanis and Human Resource Development (OHRD), has recently […]
Read MoreNewswire Tokyo: Pakistan’s exports to Japan have jumped by 40% in the first quarter (Jan – Mar) during the current year as compared with the last quarter of 2020.According to trade figures released by Japan’s Ministry of Finance, the increase is more than 47% when compared to the same period last year i.e. Jan – […]
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