Business Archives - Page 5 of 19

‘Roadmap for Cooperation’ between Pakistan and Italy another feather in Ambassador Andreas Ferrarese’s crown

Celina 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 […]

Forging synergies: A tale of alliance and partnership

Celina 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 […]

Controlling technology transfer to counter India’s illegal treatment toward Chinese companies

Ding 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 […]

China leads in scale of digital economy in Asia: Report

Newswire 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 […]

Saudi Arabia, Indonesia collaborate to elevate the assurance of halal products

Jakarta: 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, […]

Restructuring China-US relations in 2024 is fraught with uncertainties

Global 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 […]

Vivo won’t be the only one ‘deeply shocked’ by India’s behavior

Global 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 […]

China, Vietnam to boost cooperation

Global 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 […]

Pakistan witnesses unprecedented surge in sesame seed exports to China

Gwadar 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 […]

Sustainable policies to promote investment: Riina Kionka

Celina 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 […]

Iran and Saudi Arabia to negotiate on direct scheduled flights

Newswire 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 […]

China and EU: Mutual respect leads to common prosperity

Dong 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, […]

Pakistan’s exports to China up by 40.36%

Gwadar 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 […]

Kazakh envoy says huge potential exists for Pakistan’s textile industry

Newswire 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 […]

Vow – Japan slows inflation without raising interest rates

Newswire 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 […]

TikTok incident shows US struggles to define relations with China

Global 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. […]

250 Pakistani and Chinese companies to participate in Pakistan Industrial Expo

Gwadar 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 […]

Pakistan, Italy work jointly for development of olive sector

Celina 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” […]

Iranian Ambassador Reza Amiri Moghadam visits FPCCI

Newswire 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 […]

Kazakhstan’s economy shows steady growth

Newswire 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 […]

EU approves Italy’s EUR 1.7 billion agrivoltaic state aid scheme

Newswire 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 […]

Ambassador Tapas Adhikari visits Haripur Chamber of Commerce

Abdullah 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 […]

Italy: Moody’s lifts debt outlook to stable

Newswire 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 […]

China-US direct flights set to reach 70 per week

Global 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 […]

Bilateral trade between Kazakhstan, Pakistan continues to witness expansion each year: Ambassador Yerzhan Kistafin

Celina 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 […]

Ambassador Jemal Beker asks Pakistani businessmen to explore Africa through Ethiopia

Celina 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 […]

Indonesia to start direct flights with Pakistan for trade promotion

Abida 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 […]

Italy needs 280,000 migrants a year: IDOS

Rome: 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 […]

China’s BRI not to crush others: Vladimir Putin

Global 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 […]

Evergrande’s Xu case should be viewed rationally

Hu Xijin Due to suspected illegal activities, Xu Jiayin, board chairman of China Evergrande Group, has been placed under mandatory measures by local authorities. Upon hearing this news, my initial reaction was, what will happen to those who have purchased Evergrande properties? This is probably the biggest question for many people. I strongly hope and […]

Indonesia plans Windownesia stores in Turkey, Saudi Arabia

Liaquat Ali Jakarta: State-Owned Enterprises (SOEs) Minister Erick Thohir has said that the government is planning to open Windownesia stores in Turkey and Saudi Arabia after successfully launching a store in Perth on October 11, 2023. Windownesia is a store that showcases domestic products in foreign countries with the aim of introducing Indonesia to a […]

Ready to build ‘upgraded version’ of CPEC: Jiang Zaidong

Celina Ali Islamabad: Chinese Ambassador to Pakistan Jiang Zaidong said this week that Beijing was ready to deepen trade and investment cooperation with Pakistan and build an “upgraded version” of the China-Pakistan Economic Corridor (CPEC) which is growth-oriented, innovative, livelihood-enhancing, green and inclusive. Addressing the National Day Reception, Zaidong said that they are ready to […]

Kazakhstan says ready to increase oil supplies to Germany

Newswire Berlin: Kazakhstan’s president said during a visit to Berlin this week that his country was willing to increase oil deliveries to German over the long term, as resource-poor Berlin seeks alternatives to imports from Russia amid the invasion of Ukraine. Kassym-Jomart Tokayev said during a press conference with Chancellor Olaf Scholz that Astana had […]

Pakistan highlights pharmaceutical collaboration with SCO countries

China Economic Net Suzhou: “The 2nd SCO Pharmaceutical Cooperation Development Conference has demonstrated the commitment of member states to foster international cooperation in the pharmaceutical industry. Through this platform, SCO member states aim to promote mutual benefits, strengthen regulatory frameworks, encourage research and development collaboration, and expand market access,” highlighted Mr. Asim Rauf, CEO of […]

UK economy grew faster than estimated since Covid

Covert Report London: The UK’s economy has grown faster since the start of the Covid pandemic than initially thought, new figures show. Revised data indicates that the UK has seen faster growth than France or Germany since the end of 2019. The growth figures had been expected to be upgraded, after the Office for National […]

Pakistan, Saudi Arabia sign deal to cooperate in IT sector

Liaquat Ali Islamabad: Pakistan this week signed a memorandum of understanding (MOU) with Saudi Arabia to work together in the field of information technology (IT), caretaker IT minister Umar Saif informed. The understanding will facilitate Pakistani companies to work in the Kingdom of Saudi Arabia (KSA), provide trained IT manpower to Saudi companies, promote joint […]

AFM Nong Rong says China-Pak coop to positively impact entire Pakistan population

Gwadar Pro Islamabad: Chinese Assistant Foreign Minister Nong Rong this week stressed the importance of China and Pakistan fostering mutually advantageous collaborations that would positively impact the entire Pakistan’s population, including those residing in the Balochistan province. During a meeting with a delegation of journalists from Balochistan, Minister Nong maintained that the enduring friendship between […]

China-Arab Expo: A platform for showcasing construction innovations under BRI

China Economic Net Beijing: The Sixth China-Arab States Expo promotes high-quality joint construction of the Belt and Road Initiatives, and makes greater contributions to south-south cooperation, said Shaikh Muhammad Shariq, Vice President of the National Bank of Pakistan. China-Arab Expo: A platform for showcasing construction innovations under BRI Addressing a conference themed with the theme […]

EU likely to extend Pakistan’s GSP status amid growing trade relations

Liaquat Ali Islamabad: The European Union (EU) is currently deliberating the extension of Pakistan’s Generalized System of Preferences (GSP) status for an additional four years, until 2027. The decision to extend these trade privileges, which grant Pakistan preferential access to EU markets, follows the endorsement of recommendations by the European Council and is currently under […]

A frank, sincere China-EU dialogue urgently needed on economic, trade issues

Global Times The 10th China-European Union High-Level Economic and Trade Dialogue will be held on Monday in Beijing. As the highest-level dialogue mechanism in the field of trade and economic cooperation between China and the EU and one of the “three pillars” of China-EU relations, the Dialogue has always been the main channel for the […]

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