China Economic Net Beijing: China has decided to impose sanctions on two US companies due to their involvement in arms sales to Taiwan, Foreign Ministry Spokesperson Mao Ning said this week. In disregard of China’s firm opposition, the U.S. government deliberately supplies weapons to China’s Taiwan region. This seriously violates the one-China principle and the […]
Read MoreArslan Ali Arsal Brussels: The European Union’s lead regulator has slapped TikTok with a 345 million euro ($368m) fine for breaching laws on the processing of children’s personal data, the first time the popular short video-sharing app has been punished for violating Europe’s strict data privacy rules. The Chinese-owned short-video platform, which has grown rapidly […]
Read MoreHu Xijin The most significance of the Huawei Mate 60 Pro lies in its ability to bypass the US sanctions wall and open up new horizons. The sanctions imposed by the US on Huawei and Chinese companies may now be extended to companies such as Qualcomm, Nvidia, Intel, TSMC, Samsung, and others. If it is […]
Read MoreCelina Ali Islamabad: Pakistan and Kazakhstan this week agreed to enhance regional economic and trade integration for increasing bilateral trade. Ambassador Extraordinary and Plenipotentiary of the Republic of Kazakhstan Yerzhan Kistafin called on Federal Minister for Commerce Dr Gohar Ejaz here. Both sides expressed their commitment to fostering stronger economic ties with the aim of […]
Read MoreNewswire London: Qatar is set to announce a $4 billion investment in UK green energy development through the establishment of a research hub, the Sunday Times reported. The nonprofit Qatar Foundation is providing the funding, with Rolls-Royce supplying technical knowledge as part of the deal. Global management consultancy McKinsey is also involved in planning the […]
Read MoreNewswire Brussels: The European Union castigated Russia this week for pulling out of the Black Sea grain deal, calling its offer of a million tons of grain to African countries a “parody of generosity”. Charles Michel, president of the European Council, told the annual G20 summit in New Delhi that the 2022 grain accord had […]
Read MoreDing Gang At the end of 2019, I accompanied an American and German media delegation to the offices of Chinese tech giant Huawei. Although it was only for one day, this brief encounter gave me a deeper understanding of this company. In May of the following year, when Washington imposed a severe embargo to cut […]
Read MoreCelina Ali Islamabad: Italy’s Ambassador to Pakistan Andreas Ferrarese said this week that his country wanted to boost trade ties with Pakistan. In a media interaction, he said Pakistan and Italy had chosen to strengthen economic ties and reinforce cooperation in diverse fields, besides deepening mutual collaboration on issues of common interest. The Ambassador called […]
Read MoreAbida Shaheen Lahore: Indonesia is an exciting market for aspiring Pakistani entrepreneurs and new startups with innovative ideas, offering wonderful opportunities of mutual collaboration and business expansion. This was stated by the Ambassador of Indonesia Adam M. Tugio during a meeting with young business entrepreneurs of Entrepreneurs’ Organization (EO) from textile, fintech, healthcare, food, dairy, […]
Read MoreChina Economic Net Beijing: China’s financial watchdogs announced this week that housing credit policies will be adjusted and optimized. The interest rates of existing mortgages for first-home purchases will be lowered, according to a joint statement released by the People’s Bank of China and the National Administration of Financial Regulation. Starting from Sept. 25, borrowers […]
Read MoreArslan Ali Arsal Venice: Italian fashion designer Giorgio Armani brought sparkle and stars to the canal city on Saturday with a “One Night Only” fashion show coinciding with the 80th Venice Film Festival. The 89-year-old designer put on a playful, cinema-inspired show for his celebrity guests. His Armani Prive collection was built around harlequin-patterned couture […]
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 […]
Read MoreAbdullah Jan Gilgit: A celebratory function was held here to mark the first successful transit of the shipment of dry fruits from China to Afghanistan through Pakistan under the Transports Internationaux Routiers (TIR) agreement. The ceremony, held at Sost area, saw the presence of important dignitaries, including the Director of Transit Trade Peshawar, the Deputy […]
Read MoreCelina Ali Islamabad: Pakistan needs to undertake energy reforms and opt for renewable energy sources, said a senior US official, stressing that reforms suggested by the International Monetary Fund (IMF) would help Islamabad break the “vicious circle of debt and international financing”. Principal Deputy Assistant Secretary Elizabeth Horst, who heads the Bureau of South and […]
Read MoreNewswire Doha: Qatar Airways has unveiled plans to distribute complimentary admission passes to all global visitors for the entirety of the much-anticipated Expo 2023 Doha, in which three million visits are expected. The event’s official airline announced the move in a bid to draw global interest and showcasing Qatar as an attractive travel hotspot. The […]
Read MoreLiaquat Ali London: The UK government is considering establishing a short-term visa programme that would help bring foreign workers into the country without affecting population rates and tackling labour shortages in the hospitality sector. According to reports by The Times, the Home Office has initiated negotiations with some EU countries for more youth mobility schemes […]
Read MoreDing Gang “Will China, under deflation, go the way of the Soviet Union?” I laughed when I saw this title.This title was given by Professor Xu Chenggang, a senior research scholar at the Stanford Center on China’s Economic and Institutions.Decades after China has developed from a poor and backward country to the second-largest economy in […]
Read MoreHu Xijin US President Joe Biden signed an executive order on Wednesday restricting investments in China, intended to further stymie China’s advances in three cutting-edge technology areas: semiconductors and microelectronics, quantum information technologies and certain artificial intelligence systems. The “decoupling” of high tech from China began under Donald Trump, and the Biden administration has continued […]
Read MoreLiaquat Ali Islamabad: Ambassador of Italy to Pakistan Andreas Ferrarese has expressed optimism about Pakistan-Italy trade ties. In a media interaction, he said Pakistan and Italy have a potential of € 4 billion mutual trade and it was possible with joint efforts of two governments and private areas cooperation. The Ambassador for the first time […]
Read MoreNewswire Lahore: Qatar Charity (QC) has recently implemented 36 income-generating projects in Pakistan’s Punjab to enhance the income of vulnerable families. The projects, which included grocery shops and livestock, were implemented in Jhang and Muzaffargarh districts in Punjab. Under the projects, 20 grocery shops were set up and handed over to 20 beneficiaries — 10 […]
Read MoreChina Daily The 15th BRICS summit is scheduled to take place in South Africa on Aug 22 to 24, with the theme “BRICS and Africa: Partnership for Mutually Accelerated Growth, Sustainable Development and Inclusive Multilateralism”. The upcoming summit will push the global agenda to refocus on development issues and prompt the international community to return […]
Read MoreCelina Ali The British High Commissioner to Pakistan Ms Jane Marriott, called on Caretaker Foreign Minister Jalil Abbas Jilani in Islamabad on Friday. During the meeting, the High Commissioner congratulated Jalil Abbas Jilani on assuming the office of the Foreign Minister. They also discussed enhancing bilateral cooperation in trade, investment, climate change and people-to-people contacts. […]
Read MorePakistan exported goods, services worth $1.15b to Italy in FY23 Arslan Ali Arsal Islamabad: Pakistan’s goods and services trade with Italy recorded a surplus of 97.11% during fiscal year 2022-23 as compared to the previous year. Trade surplus came in at $624.518 million in FY23 against $316.995 million a year ago, showing a growth of […]
Read MoreArslan Ali Arsal Peshawar: Ambassador of Belgium to Pakistan Charles Delogne has said that his country wants to improve diplomatic and bilateral trade relations with Pakistan. Addressing a gathering of business persons at Sarhad Chamber of Commerce and Industry here on Thursday, he said that cordial diplomatic and trade relations were established between the two […]
Read MoreNewswire Islamabad: In 2022, the EU produced 3.2 billion litres of ice cream, marking a 5% increase from the previous year. Among the EU countries, Germany was the main producer of ice cream in 2022, producing 620 million litres of ice cream, followed by France (591 million litres) and Italy (571 million litres). As well […]
Read MoreAbdullah Jan Islamabad, August 16, 2023: H.E Mr. Adam M. Tugio, Indonesian Ambassador to Pakistan warmly welcomed a delegation from the Islamabad chapter of Entrepreneurs’ Organization (EO) for a trade talk. The meeting explored avenues for collaboration between the young entrepreneurs and business communities of the two countries. Ambassador Tugio expressed his appreciation for EO […]
Read MoreChina Daily The pressure toward the diversification of world currency reserves is longstanding. It intensified after 2008, but has escalated since 2022. It is a prime topic in the next BRICS Summit that’s likely to further intensify the trend. In 2016, US Treasury Secretary Jack Lew cautioned that “the more we condition the use of […]
Read MoreNewswire Karachi: To mark the 10th anniversary of the China-Pakistan Economic Corridor (CPEC), the State Bank of Pakistan (SBP) has released a Rs 100 commemorative coin. The coin shall be issued through the exchange counters of SBP Banking Services Corporation from August 11, 2023, said a statement issued by the SBP. The government of Pakistan […]
Read MoreNewswire Islamabad: Prime Minister Shehbaz Sharif has awarded the Chinese companies for promoting investment in Pakistan. The Prime Minister recognized and rewarded the best Chinese companies that are working on projects in Pakistan under the China-Pakistan Economic Corridor (CPEC). Speaking at an award ceremony, Shehbaz Sharif said that the Chinese government and companies have helped […]
Read MoreLiaquat Ali Qatar’s current account surplus will remain in double digits this year and in 2024, Oxford Economics said in its latest country update. The surplus widened to over 26% of GDP in 2022, Oxford Economics noted. Oxford Economics expects Qatar’s overall GDP to grow by 2.6% this year and next. Non-oil activity is continuing […]
Read MoreBeijing: Project hailed for uplifting country’s economy, international connectivity The China-Pakistan Economic Corridor has proved to be a “fate changer” for Pakistan and the region, uplifting Pakistan’s economy, as well as regional and international connectivity, said academics, civil servants and business people. A mega project by national, regional and international standards, the CPEC was initiated […]
Read MoreAbdullah Jan Islamabad: Prime Minister Shehbaz Sharif has said that China had so far invested a valuable $30 billion under China Pakistan Economic Corridor (CPEC) which had really transformed the economic landscape in Pakistan. Addressing an award ceremony in Islamabad, the prime minister assured Chinese companies and investors that the “difficult time for them is […]
Read MoreNewswire Islamabad: The Government of Japan, in collaboration with the Japan External Trade Organization (JETRO), on Tuesday held Pakistan Investment Seminar in Tokyo as part of ongoing efforts to foster international trade and investment ties between both countries. The seminar was inaugurated by Executive Vice President of JETRO Mr. Kazuya Nakajo, who emphasized the strategic […]
Read MoreNewswire Brussels: The European Union’s nuclear agency, Euratom, says it sees no immediate risks to the EU’s nuclear power production should Niger cut its deliveries of uranium due to its military coup. Eurotom told the Reuters news agency that the bloc had enough uranium inventories to fuel its nuclear power reactors for three years. “If […]
Read MoreAbdullah Jan Islamabad: Indonesia will conduct an evaluation regarding visa-free entry next month as the country aims to attract tourists but with sustainability in focus. The country’s tourism minister Sandiaga Uno said Indonesia will consider granting visa-free entry for foreigners based on the three criteria of “reciprocity, usefulness, and security,”. The minister noted after attending […]
Read MoreAbida Shaheen A European Parliament draft report about online services’ addictive design paints a damning picture of the mental health consequences of excessive screen time and calls for new EU rules to address the problem. Addictive design, which refers to capturing users’ attention so they spend as much time on platforms as possible, has been […]
Read MoreLiaquat Ali Sales of new electric battery vehicles overtook diesel car purchases in Europe for the first time last month but activity is far from pre-pandemic levels, a lobby group said. In June, the market share for cars running on electric batteries rose to 15.1%, according to the European Automobile Manufacturers’ Association (ACEA), with more […]
Read MoreAbida Shaheen The Council of the European Union approved a regulation to strengthen Europe’s presence in the world of semiconductors, better known as “Chips Act”. The legislation aims to create better conditions for European countries to get into semiconductor manufacturing, attract investments, promote research and innovation and prepare the continent for any future supply chain […]
Read MoreCelina Ali London: The UK government, through its export credit agency UK Export Finance, has underwritten a loan worth €781m ($867m) to a multi-national construction company to finish a high-speed railway in southern Turkiye. The electrified rail line will connect Mersin with Gaziantep, via Adana and Osmaniye. It is a Turkish government project, tendered to […]
Read MoreCelina Ali H.E Mr. Adam M. Tugio, Indonesian Ambassador in Pakistan was delighted to have fellow Indonesian colleagues from the Indomie team at the Indonesian Embassy in Islamabad. The event marked a joyous celebration of flavorful collaboration, further strengthening the bond between Indonesia and Pakistan. Calling all food enthusiasts in Pakistan! Indomie, the iconic Indonesian […]
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