Covert Report Milan : Italy is asking Google to pay 1 billion euros ($1.07 billion) in unpaid taxes and penalties, three sources with direct knowledge of the matter said on Friday, seven years after the US company settled a landmark tax dispute with Rome authorities. “We comply with tax regulations in all countries where we […]
Read MoreCelina Ali Islamabad: Pakistan’s Ambassador to France Asim Iftikhar Ahmad this week attended a Memorandum of Understanding (MoU) signing ceremony between Business Forum and International Business & Professional Corporation aimed at boosting commerce and trade activities and promoting ‘Made in Pakistan’ Products in France. Participants appreciated the working of Special Investment Facilitation Council (SIFC), which […]
Read MoreNewswire Brussels: The Commission welcomes the Council’s adoption of a 14th package of sanctions against Russia. The new package responds to the needs and findings on the ground, and tackles enforcement issues. As the Russian aggression against Ukraine continues, the EU remains determined to keep acting to further reduce Russia’s sources of revenue and capacity […]
Read MoreNewswire Sofia: The Bulgarian labour market is facing a shortage of workers ranging from 250,000 to 300,000, as asserted by the human resources expert Georgi Parvanov. Among these, 70,000 are attributed to the lack of seasonal workers, Schengen.News reports. Parvanov, who is a member of the executive committee of the Confederation of Employment, suggested that […]
Read MoreParis: France, Germany and Poland agreed this week to deepen defense cooperation ahead of a snap election that could see the far-right National Rally enter the French government. French Armed Forces Minister Sébastien Lecornu shared the stage with his German and Polish counterparts, Boris Pistorius and Wladyslaw Kosiniak-Kamysz, to make the announcements on joint exercises, […]
Read MoreCelina Ali Islamabad: Prime Minister Shehbaz Sharif said this week that his country will seek assistance from Chinese experts to establish a pilot facilitation center modeled after the one-stop shop in the southern Chinese city of Shenzhen, to promote a business and investor-friendly environment. Addressing a meeting to enhance business opportunities and facilitate the business […]
Read MoreCelina Ali Islamabad: Huawei Technologies Pakistan has successfully executed Huawei Tech connect 2024, said an official statement this week. This event was focused on bringing Digital Transformation to the SME sector of Pakistan, revolutionizing the way organizations operate with a steadfast approach towards improving the Information and communications technology (ICT) landscape of Pakistan. The cross-Industry […]
Read MoreAstana: Azerbaijan and Kazakhstan are in discussions to increase the transit of Kazakh oil through Azerbaijan, potentially raising the volume to between five and seven million tonnes per annum (mtpa). Zaur Gakhramanov, an adviser to the president of SOCAR, Azerbaijan’s state-owned oil business, confirmed the development. Kazakhstan is actively seeking to diversify its energy export […]
Read MoreXi’an: A train fully loaded with diverse goods departed from Xi’an, the capital city of northwest China’s Shaanxi Province this week, bound for Malaszewicze, Poland, marking a significant milestone as the total number of China-Europe freight train trips has surpassed 90,000. To date, China-Europe freight trains have transported more than 8.7 million twenty-foot equivalent unit […]
Read MoreNewswire Islamabad: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb was called on by Huawei Pakistan’s Chief Executive Officer Mr. Sun Xiaofei along with his senior management team at Finance Division this week. Mr. Xiaofei briefed the Finance Minister on the various digital and ICT initiatives of Huawei. He highlighted Huawei’s significant contribution to […]
Read MoreCelina Ali Islamabad: Italy’s Ambassador to Pakistan, Marilina Armellin, this week emphasized the potential for enhanced cooperation between Italy and Pakistan, particularly in the textile, machinery, agriculture, and dairy sectors, during a meeting with Finance Minister Muhammad Aurangzeb. The Finance Minister welcomed the Italian Ambassador and highlighted the significant improvements in Pakistan’s economic landscape. He […]
Read MoreDing Gang A recent editorial in the Financial Times, titled “Time to get Europe back to work” highlights a daunting challenge the European economy faces: an increasing number of individuals opting to “lie flat.” This issue, however, is not unique to Europe; it is a common ailment of post-industrial societies. Even China, amid the transition […]
Read MoreOttawa: As the three-day SIAL Canada 2024 exhibition opened in Montreal this week, 10 Pakistani firms with over 20 participants are participating in the leading international food show showcasing the country’s rice, fruit, pink salt and food industry. SIAL Canada 2024 is the largest food exhibition which is the only event of its kind in […]
Read MoreGwadar Pro Islamabad: President of Pakistan China Joint Chamber of Commerce and Industry (PCJCCI), Moazzam Ghurki has stated that the Pakistani fishing industry is immensely attractive to Chinese investors. China has a huge consumer market for aquatic products and is one of the largest buyers in Pakistan. The main aquatic categories of Pakistan’s exports to […]
Read MoreWang Xiaotong – China Economic Net Beijing: Pakistan’s Federal Minister for Planning, Development, and Special Initiatives, Ahsan Iqbal was on a three-day visit in Beijing last week. During the media interaction held in the Pakistani Embassy in China, he revealed that they are working with the Chinese counterparts to define parameters of China-Pakistan Economic Corridor […]
Read MoreCelina Ali Islamabad: Pakistan’s exports to European Union underwent a discernible downturn, marking a decline of 6.27 percent during the initial nine months of the ongoing fiscal year. Despite the coveted GSP+ status, which affords most Pakistani exports duty-free access to European markets, the allure of European destinations seemed to wane. The European Parliament’s unanimous […]
Read MoreGlobal Times According to multiple Western media outlets citing a “person familiar with the plan,” the US government is expected to announce as early as May 14 that it will increase the tariff on Chinese electric vehicles (EVs) from the current 25 percent to 100 percent, and impose new tariffs on other Chinese goods including […]
Read MoreNewswire Athens: On the southern coastline of Greece’s capital, a long-awaited plan to transform the city’s former airport into the largest smart city in Europe is finally gaining momentum. After a decade of delays, a vision of the Ellinikon is emerging. The Marina Tower, soon to be Greece’s first skyscraper, is beginning to rise. Iron […]
Read MoreRome: Giorgia Meloni’s party is proposing a tweak in the country’s constitution that would complicate adoption of the colour-coded front-of-packet labelling in Italy – and Europe. The Italian government is proposing an amendment to its constitution that would stymie introduction of the EU-backed Nutri-Score system in the mediterranean state, Euronews reported. Italy has long been […]
Read MoreGwadar Pro Islamabad: Pakistan this week acknowledged that an influx of approximately USD 25 billion of Chinese investment under the China-Pakistan Economic Corridor (CPEC) between 2013 and 2018 put several Pakistani sectors on the highway of prosperity. The observation was made during a high-level meeting here chaired by Planning Minister Ahsan Iqbal. The event served […]
Read MoreCelina Ali Islamabad: Ambassador of Italy Marilina Armellin has expressed her appreciation at the pace and output of Olive Culture Project with the close cooperation of the Ministry of National Food Security and Research. She expressed these views at the recent Steering Committee meeting for the “Olive Culture – Holistic and Multi Professional Mechanism for […]
Read MoreCelina Ali On 24 April, EU and Member States representatives, and young people who were born in 2004, celebrated 20 years of EU enlargement. President von der Leyen highlighted the many benefits that EU membership brought to the then-new Member States, while also underlining the many advantages that the Union itself drew from this enlargement. […]
Read MoreGlobal Times US Treasury Secretary Janet Yellen recently reiterated in an interview the “overcapacity” in China, claiming that the so-called overcapacity in China is not only a problem faced by the US, but also by Europe, Japan, India and Mexico. This kind of rhetoric has been popular in the US for some time, with American […]
Read MoreMariko Oi Tokyo: In a country that is known to be obsessed with perfection, damaged or misshapen vegetables and fruits are hard to sell. And if you are a specialist maker of Japanese dumplings, like the brand Osaka Ohsho, then selling a packet of gyoza with some damaged is a big no-no. But as demand […]
Read MoreDing Gang Strolling along the banks of the Suzhou River in Shanghai, I felt the city’s pulse. It had been over a decade since my last visit here. The recently popular TV drama Blossoms Shanghai has reminded the Chinese people of the era during which China rose rapidly, depicting how ordinary Chinese people made their […]
Read MoreGwadar Pro Lahore: Pakistan Hitech Hybrid Seed Association (PHHSA) Chairman Shahzad Ali Malik this week highlighted China’s pivotal role in replicating the decades-long highly successful experience of hybrid rice in Pakistan. He emphasized the immense potential of hybrid seeds in achieving import substitution and fostering surplus production for export in various crops, including cotton, wheat, […]
Read MoreDing Gang What is overproduction? Who should determine the surplus of a commodity on the international market? As US Treasury Secretary Janet Yellen has left Beijing, she leaves behind the above two questions that linger in the future of the two country’s trade relations and pose a significant challenge to the order of the international […]
Read MoreWang Cong and Chi Jingyi Beining: Chinese Premier Li Qiang this week met with US Treasury Secretary Janet Yellen in Beijing, where he urged the US to work with China to adhere to the basic norms of the market economy of fair competition and open cooperation, and refrain from politicizing or overstretching the concept of […]
Read MoreGwadar Pro Islamabad: Pakistan’s export of goods and services to China witnessed an increase of 42.02% during the first eight months of the current fiscal year (2023-24) as compared to the exports of the corresponding period of last year, State Bank of Pakistan (SBP) announced on Tuesday afternoon. The overall exports to China were recorded […]
Read MoreGwadar Pro Islamabad: In a significant move towards financial digitization in Pakistan, Zindigi, powered by JS Bank, has entered a strategic partnership with Zong, the China-based leading telecommunications provider in Pakistan. This collaboration aims to provide seamless and innovative digital financial solutions, reinforcing the shared vision of both entities to drive financial inclusivity and digital […]
Read MoreNewswire Brussels: The European Union’s antitrust regulators have announced the termination of a two-year-long investigation into a group of fashion designers, citing “priority reasons,” the European Commission revealed this week. The competition watchdog had initiated the investigation in May 2022, conducting raids on several fashion companies amid concerns of potential participation in a cartel to […]
Read MoreNewswire Rome: Italy’s government expects debt this year to “surely” stay below 140% of gross domestic product. Speaking to reporters on the sidelines of the Ambrosetti Workshop in Cernobbio, Italy, Finance Ministry undersecretary Federico Freni said the country’s expected growth will be “around 1%” in 2024. Last Friday, the Bank of Italy said the country’s […]
Read MoreParis: Power from the French plants will be exported to neighbouring countries, so France believes those countries should help pay help pay for their construction. According to NZZ am Sonntag, this idea was mooted by French foreign ministry officials during a press briefing with European journalists at the end of March. “France considers it opportune […]
Read MorePaulo Lopes Lisbon: Normally I don’t dare to write about politics, but as I look to the future of my country it is up to me to give myself some impetus, to show what I think should be one of the main goals and challenges of the new rulers. Because as we look to Portugal’s […]
Read MoreGwadar Pro Lahore: Punjab Chief Minister Maryam Nawaz this week ordered policy formulation to export buffalo meat and milk to China. In a meeting on the Livestock Department, the CM reviewed the livestock related measures. The CM stressed that only vaccinated and tagged cattle would be brought to cattle markets and slaughterhouses, adding that authentic […]
Read MoreLahore: Punjab Provincial Minister of Industry and Commerce Chaudhry Shafay Hussain visited Raya Golf and Country Club Defence this week and attended the launching ceremony of a new solar product by the Chinese company Huawei as a special guest. Alongside officials from the Chinese company, the provincial minister jointly launched the new solar product. The […]
Read MoreNewswire Islamabad: The Competition Commission of Pakistan (CCP) is preparing to put in place a comprehensive legal and regulatory framework, said an official announcement. The CCP said China had made significant investments in Pakistan through the China-Pakistan Economic Corridor (CPEC) and various Chinese companies operating in the country. “This investment is expected to increase manifold […]
Read MoreRome: Italy’s inflation rate rose to 1.3% in March compared to a year ago, albeit at a slower pace than anticipated. There’s perhaps no better example of a ‘soft landing’ than the current state of the Italian economy. While Italy’s economic activity has significantly decelerated from the elevated post-pandemic growth rates observed in 2021 and […]
Read MoreBrussels: Ambassador of Pakistan to European Union, Belgium and Luxembourg Amna Baloch this week said that there were numerous trade and investment opportunities available to foreign firms in Pakistan’s multiple sectors. The ambassador, addressing a webinar on opportunities in Pakistan’s textile sector, emphasized the government’s commitment to facilitating them through the Special Investment Facilitation Council […]
Read MoreRudy Ruitenberg ParisL: The French government this week threatened local defense firms with measures including requisitioning and order prioritization to accelerate the production of missiles and artillery shells. Armed Forces Minister Sébastien Lecornu said he may force firms to put defense orders before civilian ones in coming weeks if manufacturing doesn’t speed up, especially for […]
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