Business Archives - Page 17 of 20

CPEC SEZs very important for regional connectivity and development, Acting Senate chief tells Vietnamese envoy

Gwadar Pro Islamabad: “Special Economic Zones (SEZs) under China-Pakistan Economic Corridor (CPEC) are very important for regional connectivity and development,” Acting Chairman of Pakistan’s Senate Mirza Muhammad Afridi said.Afridi expressed these views in a meeting with Ambassador of Vietnam Nguyen Tien Phong, who called on him at the Parliament House. He also emphasized that Vietnamese […]

Ambassador Andreas Ferrarese sees huge business opportunities in Pakistan

Newswire Islamabad: Ambassador of Italy to Pakistan Andreas Ferrarese said this week that there are vast opportunities for mutual trade and investment between Pakistan and Italy from which businessmen and traders of both the countries can reap the benefits.Pakistani businessmen and traders move forward and work to promote mutual trade and economic ties between Pakistanis […]

Chinese companies must tread with caution when investing abroad

Kang Bing Despite becoming the top source of foreign direct investment last year, China is a newcomer to the world of investment and still has a lot to learn in the field of global investment. When China began measuring its overseas foreign direct investment (OFDI) in 2002, its total OFDI amount was a mere $2.7 […]

The untapped potential of life insurance in the GCC

Andreas Buelow Our world is full of possibilities and opportunities, as well as much uncertainty and risk. This has been true throughout human history but, right now, more opportunities are available to more people than ever before. What’s more, as humanity advances, there is a pervading sense of confidence that we can manage the challenges […]

Pakistan receives US$2.75 billion from IMF

Islamabad: The State Bank of Pakistan (SBP) has received US$ 2.75 billion from the International Monetary Fund (IMF), as part of Special Drawing Rights (SDR) allocation announced by the fund recently, the central bank confirmed through a tweet here.“#SBP has received US$ 2.75 billion from the IMF, as part of SDR allocation announced by IMF […]

CPEC: Encroachments along KCR track removed, says Sindh CM

Gwadar Pro Karachi: Sindh Chief Minister Syed Murad Ali Shah said this week that the provincial government had removed the encroachments along the track of the Karachi Circular Railway (KCR) project under the China-Pakistan Economic Corridor (CPEC).“We have removed the encroachments along the track of Karachi Circular Railway (KCR) project and are going to construct […]

China’s industrial output up 6.4 pct in July

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 […]

Japan’s economy bounces back

Tokyo: 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 […]

Shorter route enables White Chaunsa exports to Russia

Islamabad: 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 […]

Italy has helped establish two technology centers in Pakistan recently: Ambassador Andreas Ferrarese

Newswire 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 […]

New road to be constructed from Bahawalpur to Jhangra to link with CPEC

Gwadar 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 […]

Aluminium cans to replace plastic bottles in Japan

Newswire 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 […]

Major UK science funder to require grantees to make papers immediately free to all

Cathleen 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 […]

NA speaker, Azeri FM discuss issues of mutual interest

Newswire 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 […]

Ambassador Nicolaus Keller: A huge supporter of Pakistan-Austrian friendship

Newswire 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 […]

Imran Khan orders to resolve electricity issue in CPEC hubs

Gwadar 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 […]

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