Cornelia 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 – […]
Read MoreCornelia Meyer Cryptocurrencies and other web-based value structures such as NFTs (non-fungible tokens) have come of age during the pandemic, when so much of our lives moved online.Things moved fast and furious this year again. In April, Bitcoin hit an all-time high close to $65,000, just to lose 15 percent of its value the following […]
Read MoreNewswire Islamabad: Special Assistant on Overseas Pakistanis and Human Resource Development Sayed Zulfikar Abbas Bukhari has said that Pakistan will soon start sending its skilled workforce to Japan under a government-to-government Memorandum of Understanding. Addressing the signing ceremony of a Memorandum of Cooperation between the Overseas Employment Corporation and International System Engineering and Services in […]
Read MoreKhalaf Ahmad Al-Habtoor Businesses and enterprises the world over have been hit hard by the coronavirus pandemic. Since its outbreak, the UAE has taken a series of measures to help alleviate the fallout on the economy. For businesses in the country, the hefty stimulus packages announced in 2020 amounted to hundreds of billions of dirhams, […]
Read MoreNewswire Islamabad: Italy’s Ambassador to Pakistan Andreas Ferrarese believes that Pakistan-Italy cooperation can be multiplied in the years to come.The envoy told Covert, that Italy had a keen interest in enhancing cooperation with Pakistan which has traditionally remained Italy’s friend. “Italy and Pakistan have close ties but the trade and business relations do not reflect […]
Read MoreXie Laihui Addressing the Boao Forum for Asia through video link, President Xi Jinping said the Belt and Road Initiative (BRI) is a public road open to all, not a private path owned by one single party. By 2030, Belt and Road projects could help lift 7.6 million people from extreme poverty and 32 million […]
Read MoreNewswire Islamabad: Prime Minister Imran Khan this week underscored the transformational significance of China Pakistan Economic Corridor (CPEC) and reaffirmed the country’s commitment to expeditiously complete CPEC projects.The Prime Minister expressed these views while talking to Chinese Ambassador Nong Rong, who called on him here.During the meeting, views were exchanged on China’s experience of poverty […]
Read MoreWang Wen US President Joe Biden has invited 40 heads of state to the Leaders Summit on Climate on April 22 and 23. This has heated up the global competition over the low-carbon economy. This new competition could even be called “a new global green and low-carbon economy war.” As climate change becomes a more […]
Read MoreNewswire Islamabad: Ambassador of Italy to Pakistan Andreas Ferrarese has said that Italy would establish a gemstones training institute in -Baltistan in order to exploit the potential of these areas as well as enhancing mutual cooperation between both the countries.In a meeting with Chairman Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Qurban Ali […]
Read MoreChen Weihua Many US politicians have been busy politicizing the novel coronavirus during the past year, resulting in the worst pandemic response from the world’s richest country. They have shifted their focus to infrastructure now. For example, US President Joe Biden said that he told British Prime Minister Boris Johnson during a phone call on […]
Read MoreGwadar Pro Malam Jabba: China Pakistan Economic Corridor (CPEC) Industrial Cooperation (IC) is picking up pace, said a senior Pakistani government official.Project Director Industrial Cooperation of Board of Investment (BOI) Ayub Asim said the CPEC Industrial Cooperation was all-inclusive in its scope and open to third-party participation. “The CPEC Industrial Cooperation is a long-term endeavor, […]
Read MoreZaid M. Belbagi The grounding of the cargo ship Ever Given in the Suez Canal last week serves as a good opportunity to focus our minds on the future of the waterway and the wider Red Sea region. The canal is a vital artery for the global economy, and so the $15 million a day […]
Read MoreHu Xijin I was very moved when I listened to a lecture on the history of the Communist Party of China (CPC). The 100 years of the CPC have been a century when Chinese people took their destiny back into their own hands. They have fought off external bullying, eradicated poverty, and gained self-esteem. In […]
Read MoreXin Hua Josep Borrell, high representative of the European Union for Foreign Affairs and Security Policy and vice president of the European Commission, has asserted that the EU, “needs a strategic approach for the Indo-Pacific” on March 12. With the US ratcheting up efforts to get further involved in the Indo-Pacific region, observers are questioning […]
Read MoreGwadar Pro Quetta: The China-Pakistan Economic Corridor (CPEC) would put Balochistan province into a new era, said Governor of Balochistan Amanullah Khan Yasinzai this week. The Governor expressed these views while visiting Gwadar port. He said a “new era” would start across the country including Balochistan with CPEC project.The Governor further said that CPEC is […]
Read MoreLi Bijian The Third China International Import EXPO (CIIE) with the theme of “New Era, Shared Future” was successfully held in Shanghai from November 5-10, 2020. Although the COVID-19 pandemic and downward pressure on the world economy presented great challenges to the success of this large- scale exhibition but with the concerted efforts by the […]
Read MoreTokyo: Firms in Japan slashed spending on plant and equipment for the third straight quarter in October-December as manufacturers cut costs, casting doubt on the strength of the country’s recovery as the COVID-19 pandemic hit private demand.Weakness in capital expenditure is likely to worry policymakers counting on private-sector investment to help the world’s third-largest economy […]
Read MoreWang Qi Beijing: China should keep a close watch on the Indo-Pacific region and mark its red lines, Chinese experts said, right before the third Quad meeting of the US, Japan, India and Australia since 2020.US State Department spokesperson Ned Price announced this week that Secretary of State Antony Blinken will speak with his counterparts […]
Read MoreGwadar Pro Islamabad: Pakistan’s Parliamentary Committee on China-Pakistan Economic Corridor (CPEC) this week directed the concerned ministries to prepare the list of ‘deliverable’ projects for the upcoming 10th Joint Coordination Committee (JCC) with Iron Brother China.The 31st meeting of the Parliamentary Committee on CPEC was held here at the Parliament House, Islamabad under the Chairmanship […]
Read MoreChina Economic Net Islamabad: Pakistan imported more products from Iron Brother China than any other country during the first half of the fiscal year 2020-21, ending in December 2020.Pakistan’s fiscal year runs from July 1 to June 30. The budget is normally presented in June for every fiscal year. “China topped the list of countries […]
Read MoreZhao Huanxin The trade friction between the United States and China does not signify a tipping point in the Sino-US relationship, experts have said, even though the two countries have slapped tariffs on billions of dollars of each other’s goods. After the conclusion of the hearings on the US administration’s proposal to impose 25 percent […]
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