Newswire Kathmandu: Nepal started the first batch of exports this week under transit deals with China, five months after the South Asian country shipped its first batch of imported goods via the northern neighbor. Instant noodles were set to be shipped to Japan via the Tianjin port in northern China. “The continuity of exports through […]
Read MoreGlobal Times According to foreign media reports, US chipmaker Nvidia plans to begin mass production in the second quarter of 2024 of an artificial intelligence (AI) chip it designed for China to comply with latest US export rules. The sources said that it was originally scheduled for launch last November but that plan was delayed […]
Read MoreIslamabad: Pakistan’s Ambassador to China, Khalil Hashmi, this week provided an extensive overview to Chinese groups and enterprises regarding trade and investment prospects across diverse sectors in Pakistan, including agriculture, energy, infrastructure, transportation, and logistics. Sharing insights from a highly fruitful roundtable session on trade and investment cooperation held in Chengdu, Sichuan province, Ambassador Hashmi […]
Read MoreCelina Ali Karachi: EU Ambassador Dr Riina Kionka emphasized this week that Pakistan should fully exploit the Generalized System of Preferences Plus (GSP Plus) status during a meeting organized by the Karachi Chamber of Commerce and Industry. Ambassador Kionka urged Pakistan to broaden its exports beyond textiles to the European Union, taking full advantage of […]
Read MoreXu Wei Beijing: China reaffirmed its commitment to building a stable, healthy and sustainable relationship with the United States this week, with its top diplomat calling on both sides to assume the vision and role befitting major countries to give the world “rock-solid certainty and positive energy”. Addressing a reception commemorating the 45th anniversary of […]
Read MoreJakarta: The Indonesian Government targets this year’s exports to China at around US$65 – 70 billion, said Director General of National Export Development at the country’s Ministry of Trade Didi Sumedi. He said that total exports to China during January-November 2023 stood at US$56.57 billion, and the whole year’s value is projected to reach some […]
Read MoreBrussels: Travellers are expected to pay higher tourism taxes to several European destinations in 2024 as national economies try to boost local economies and support sustainability. According to a 2020 report by Group NAO and GDS-Movement, more countries are imposing tourism taxes lately, especially in the US and Europe, SchengenVisaInfo.com reports. Guy Bigwood from the […]
Read MoreCelina Ali Islamabad: Italy’s Ambassador to Pakistan Andreas Ferrarese has said that to strengthen their economic ties, Pakistan and Italy are eyeing an expansion of their bilateral trade and investment relations. Despite a current bilateral trade volume of approximately one billion euros, the envoy emphasized that this figure does not truly reflect the potential both […]
Read MoreAthens: The Economist rated Greece as the top-performing economy in 2023. Euronews Business breaks down the study and considers how the rest of Europe performed last year. Greece led The Economist’s annual ranking of rich-world economies in 2023. The study gathers data on five indicators: “core” inflation – which excludes volatile components such as energy […]
Read MoreDing Gang People are eagerly anticipating the arrival of peace in the New Year because it is still something that the world lacks. The term “peace” has two meanings in English: One refers to safety and freedom from war and violence, while the other pertains to a state of tranquility, devoid of worry, problems, noise, […]
Read MoreNewswire Karachi: Caretaker Federal Minister for Commerce, Industries and Production Dr Gohar Ejaz said this week that Pakistan was expecting huge investments from china. He reiterated the government’s commitment to economic revival and that measures envisaged by the Special Investment Facilitation Council (SIFC) would start a new phase of industrialization in the country. The minister […]
Read MoreCelina Ali Islamabad: Italy’s Ambassador to Pakistan Andreas Ferrarese, with unwavering dedication, played a central role in orchestrating the recent historic ‘Roadmap for Cooperation’ between Pakistan and Italy. His diplomatic prowess and tireless efforts paved the way for a comprehensive agreement covering Trade & Investments, Heritage, Culture, Climate Change, Agriculture, Higher Education, Technical Cooperation, and […]
Read MoreCelina Ali Islamabad: In 2023, the United States and Pakistan strengthened their partnership for mutual benefit. USAID played a pivotal role in this success, consistently supporting the pursuit of a prosperous, healthier, safer, and more robust Pakistan. Through various collaborations, projects, and programs, USAID contributed significantly to Pakistan’s development goals. The United States through USAID […]
Read MoreDing Gang India has taken a strong stance against Chinese companies by banning Chinese apps, freezing the funds of Chinese companies and arresting their executives. Why is India so emboldened? The reason is that India’s mobile phone market has a lot of potential. Apple plans to shift 25 percent of its production to India by […]
Read MoreNewswire Beijing: China is far ahead in the digital economy in terms of scale with its value reaching 7.47 trillion U.S. dollars in 2022, according to the Asia Digital Economy Report 2023 released this week. According to this report, issued during an event in Beijing by Li Baodong, secretary-general of Boao Forum for Asia, Japan […]
Read MoreJakarta: Saudi Arabia and Indonesia signed a memorandum of understanding (MoU) on Halal product assurance cooperation in addition to the mutual recognition of each other’s Halal certificates. The agreement was signed between Indonesia’s Halal Product Assurance Organizing Body (BPJPH) and the Saudi Food and Drug Authority. Importantly, the agreement also expands to cooperation in training, […]
Read MoreGlobal Times As the calendar turns from page to page, we stand at the door of a new year, with a glimmer of optimism amid tensions in the US-China relationship. Two recent developments cast a bright light of hope for the future: the advancement of direct US-China military talks and the possible resumption of narcotics […]
Read MoreGlobal Times It was reported by India media that the Indian authorities recently arrested three employees of the Indian branch of the Chinese mobile phone manufacturer, vivo, in the name of so-called combating financial crimes. Vivo stated it was “deeply shocked.” This is at least the third time since October of this year that Indian […]
Read MoreGlobal Times Beijing: This year marks the 15th anniversary of the establishment of the China-Vietnam comprehensive strategic cooperative partnership. High-level interactions between the two countries have been frequent, and exchanges in various fields such as the economy and trade have been increasing. At the end of November, the 12th meeting of the China-Vietnam Economic and […]
Read MoreGwadar Pro Islamabad: In October 2023, Pakistan experienced a remarkable surge in sesame seed exports to China, reaching an unprecedented high of 64,711 tons valued at USD 113.66 million, a substantial increase from the 16,728 tons worth USD 25.57 million in the same month the previous year, a senior Pakistani diplomat said. Ghulam Qadir, the […]
Read MoreCelina Ali Islamabad: Dr Riina Kionka, ambassador and head of the delegation of the European Union to Pakistan said this week that Pakistan is a potential market for business and investment activities and it should focus on sustainable economic policies to attract more foreign investment. She said this while talking to a delegation of the […]
Read MoreNewswire Dubai: Iran and Saudi Arabia will start formal talks next week to resume direct scheduled flights between Tehran and Riyadh and other cities, an Iranian official told the state-affiliated news agency ILNA this week. Regular flights would be another step towards restoring ties between the two Middle Eastern rivals. A Chinese-mediated agreement in March […]
Read MoreDong Yifan The 24th China-EU Summit, marking the first in-person meeting between Chinese and European leaders in four years, was held on Thursday in Beijing. The significance of this face-to-face interaction cannot be overstated, considering its influential role in guiding China-EU relations. However, the European Union, in its approach to the development of China-EU relations, […]
Read MoreGwadar Pro Islamabad: Pakistan’s exports to China went up by 40.36% in the last four months, State Bank of Pakistan (SBP) said. The SBP reported that Pakistan’s export of goods and services to China witnessed an increase of 40.36 per cent during the first four months of the current fiscal year (2023-24) as compared to […]
Read MoreNewswire Lahore: Yerzhan Kistafin, Ambassador of the Republic of Kazakhstan to Pakistan, said this week there is huge potential for Pakistan textile industry in $ 2 billion Kazakhstan textile imports, as the current contribution from Pakistan is yet negligible. He urged Pakistani textile groups to focus on high value products which are more in demand […]
Read MoreNewswire And the Japan has been able to lower the inflation with a controversial but well-thought policy. Proof is a latest Reuters poll which shows that the core consumer inflation in Tokyo likely grew in November but at slower pace than the month before. Tokyo: Japan has been under attack launched by Western media for […]
Read MoreGlobal Times On November 30, a federal district judge in Montana issued a preliminary injunction calling off the state’s ban on TikTok. Montana is the first state in the nation to initiate a ban on TikTok, announced by the state government on May 18 this year to block TikTok completely, with heavy fines for violators. […]
Read MoreGwadar Pro Lahore: At least 250 Pakistani and Chinese companies participated in the three-day 7th Pakistan Industrial Expo held on November 25 at the Expo Centre. Steve Zhou, Project Head of Everest International Expo, announced this year’s expo featured approximately 250 Pakistani and Chinese companies. They showcased a wide array of products and services, highlighting […]
Read MoreCelina Ali Islamabad: Pakistan and Italy are working jointly for the development of the olive sector, marked by the Pakistan Olive National Gala in Islamabad. The event, organized by the “Promotion of Olive Cultivation on commercial scale in Pakistan Phase-II” and the Italian-funded “Olive Culture-Holistic and multi-professional mechanism for a Pakistani Olive Oil Value Chain” […]
Read MoreNewswire Karachi: Irfan Iqbal Sheikh, President FPCCI, has apprised that, in a high-profile visit to FPCCI Head Office, Reza Amiri Moghadam, Ambassador of Iran in Pakistan, has proposed to set up border markets with Pakistan to enhance trade between the two countries. Sheikh added that enhancing trade with Iran can help resolve Pakistan’s chronic trade […]
Read MoreNewswire Astana: Prime Minister of Kazakhstan Alikhan Smailov, leaders of top international companies, and experts reviewed Kazakhstan’s emerging opportunities and challenges in building investment infrastructure for long-term sustainable growth as part of the Kazakhstan Global Investment Roundtable (KGIR) this week in Astana. In his welcoming speech, Smailov said that “despite the current global challenges, Kazakhstan’s […]
Read MoreNewswire Brussels: The European Commission has approved Italy’s EUR 1.7 billion state aid mechanism for supporting agrivoltaic installations. The measure, under the Recovery and Resilience Facility, is part of the country’s strategy to reduce greenhouse gas emissions and increase its renewable energy share. Agrivoltaic or agrisolar systems combine solar panel installations and agricultural activities in […]
Read MoreAbdullah Jan Islamabad: The Ambassador of Nepal to Pakistan, Tapas Adhikari, visited the Haripur Chamber of Commerce and Industry (HCCI) in Haripur, Khyber Pakhtunkhwa this week and met Muhammad Tayyab Khan Swati, the President and other office bearers of the HCCI. On the occasion, the Nepali envoy also had a long interactive discussion with the […]
Read MoreNewswire Islamabad: Moody’s this week left Italy’s sovereign debt rating at Baa3, one notch above junk, but upgraded the outlook to stable from negative, in an unexpected boost for Prime Minister Giorgia Meloni’s government. Most analysts had expected the agency to leave both Italy’s rating and outlook unchanged. Moody’s had put the euro zone’s third-largest […]
Read MoreGlobal Times Beijing: In the upcoming winter-spring flight season, the number of China-US direct regular passenger flights is expected to increase from the current 48 (24 round trips) per week to 70 per week, offering a boost for the exchange of personnel and trade between the two countries, CAAC News reported, citing the Civil Aviation […]
Read MoreCelina Ali Islamabad: Ambassador Yerzhan Kistafin of Kazakhstan to Pakistan said this week that the bilateral trade between Kazakhstan and Pakistan continues to witness steady and robust expansion each year. “Interaction between Kazakhstan and Pakistan in the scientific and educational spheres is intensifying, coupled with an increase in the number of Pakistani students attending universities […]
Read MoreCelina Ali Islamabad: Jemal Beker Abdula, Ambassador Extraordinary and Plenipotentiary of the Federal Democratic Republic of Ethiopia, has visited the Islamabad Chamber of Commerce and Industry (ICCI), and highlighted untapped business, trade and investment opportunities in Ethiopia and Africa as well. Upon arrival, a warm welcome was accorded to Ambassador Jemal Beker Abdula by the […]
Read MoreAbida Shaheen Islamabad: Adam M. Tugio, Ambassador of Indonesia to Pakistan said this week that his country is to start direct flights with Pakistan in near future that would help boost people to people contacts and bilateral trade ties between the two countries. He said that Indonesia is keen to further strengthen trade and economic […]
Read MoreRome: Due to its aging population, Italy would need at least 280,000 foreign workers a year until 2050 to compensate for the shrinking national labor force, the IDOS Study and Research Centre has said ahead of the publication of its 2023 immigration statistics dossier. With Italy’s population aging further, the country will need at least […]
Read MoreGlobal Times Beijing: Some perceive the Belt and Road Initiative (BRI) as China’s attempt to crush someone under itself, but it’s not the truth, the BRI is a desire to cooperate on the global arena, said Russian President Vladimir Putin in an interview with China Media Group (CMG). According to the interview video released by […]
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