Liaquat 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 […]
Read MoreNewswire Beijing: Huawei Technologies Co will launch a complete set of commercial 5.5G network equipment next year, as part of a broader push to speed up the evolution of 5G and kick off the 5.5G era for the information and communications technology industry. “The plan comes amid rapid progress in 5G deployment over the past […]
Read MoreCelina Ali Islamabad: Saudi Arabia and Pakistan are on the verge of finalizing a game-changing $14 billion deal for an advanced oil refinery, expected to boost the South Asian state’s crude oil processing capacity, according to an exclusive conversation with the country’s petroleum minister on Saturday. The multibillion-dollar state-of-the-art oil refinery project, with a capacity […]
Read MoreCanberra: Pakistani High Commissioner to Australia Zahid Hafeez Chaudhri said this week that Australian investors were ready to invest in Pakistan. “Had an excellent meeting with Mr Michael Carter, Head of International Trade & Investment Centre, Chamber of Commerce & Industry of Western Australia,” he tweeted. The envoy added: “Large mining companies from WA are […]
Read MoreAbida Shaheen Brussels: The European Union and the Community of Latin American and the Caribbean states (CELAC) held their 3rd Summit in Brussels. The meeting gathered Heads of State and Government of the EU Member States and of the 33 CELAC states for the first time in eight years. President of the European Commission Ursula […]
Read MoreStaff writer Beijing: Pakistan Ambassador to China, Moin ul Haque said that China is a major export market for Pakistani products and the government is working together to further enhance the access of Pakistani products to the untapped sector of the Chinese market. “Our two countries have a robust trade and investment cooperation, which is […]
Read MoreLiaquat Ali Islamabad: Pakistani Prime Minister Shehbaz Sharif said on Monday the South Asian nation expected around $50 billion investment in the next five years, primarily from Gulf states, under a new green initiative in the agriculture sector. Pakistan last week established a Land Information and Management System Center of Excellence ((LIMS-CoE) to enhance modern […]
Read MoreNewswire Milan: Italy’s luxury fashion groups, which for decades jealously guarded their independence, have started teaming up to protect their supply chains and the Italian roots of smaller companies, showing a new spirit of collaboration. Control of the supply chain has become increasingly important for luxury brands, ensuring products get to shops on time and […]
Read MoreCelina Ali Many thought last autumn that the pound would keep falling to dollar parity and below.The Bank of England’s interest rate tightening is probably the key factor. Though also the government’s fiscal policy has been more restrained. If you compare them to the US, for example, the federal funding rate has risen from basically […]
Read MoreXu Keyue Paris: French President Emmanuel Macron again made a public call for building an autonomous Europe in a persistent attempt to shake off Europe’s shackles and prove that it is not the vassal of any superpower. His remarks were widely viewed as being constructive for pushing forward a more multipolar world and bringing more […]
Read MoreBeijing: The Chinese mainland’s box office revenue reached 909 million yuan (126.6 million U.S. dollars) during the recent Dragon Boat Festival holiday, which lasted from Thursday to Saturday, according to data released by the China Film Administration. Domestic films took 80.08 percent of the total box office revenue during the three-day holiday, with suspense film […]
Read MoreGwadar Pro Islamabad: During the inaugural ceremony of the 10th anniversary celebrations of China-Pakistan Economic Corridor (CPEC), Ahsan Iqbal, the Minister of Planning, Development, and Special Initiatives, highlighted that Pakistan had previously been trapped in the clutches of global geopolitics and forced to assume the role of a pawn in regional conflicts. However, he emphasized […]
Read MoreLondon: Known for having enriched spices, aromas, and a plethora of colors in its food, Pakistani cuisine hold a significant position in Britain’s food scene, thanks to the sizable Pakistani diaspora living in the region contributing much to the culture. With galore go-to places already offering a pure taste of Pakistani flavours, another U.K. based […]
Read MoreNewswire Rome: Fifty-eight percent of Italian tourists in 2023 are choosing holiday destinations linked with food experiences, a 37 percent increase from 2016, a new report has found. The trend benefits olive millers and farmhouses, offering tourists olive oil-related experiences. This trend generates virtuous economies, which represents the best opportunity for the small farmers to […]
Read MoreGlobal Times The 14th Summer Davos Forum, held from June 27 to 29 in Tianjin, has returned to the offline format after a three-year hiatus, generating great anticipation from various parties. Unlike the Winter Davos, known as the “weather vane of world economy,” the Summer Davos focuses more on “new leaders.” Participants primarily consist of […]
Read MoreCelina Ali Islamabad: Italy’s Ambassador to Pakistan Andreas Ferrarese said this week that there were ample opportunities for collaboration between Italy and Pakistan. The Ambassador emphasised enormous investment opportunities for mutual trade between Pakistan and Italy that can prove to be beneficial for both countries. In an interaction with Pakistani businesspersons the envoy said that […]
Read MoreDubai: Qatar intends to invest $5 billion in a number of sectors in Iraq over the coming years, the state news agency quoted Qatar’s Emir Sheikh Tamim bin Hamad al-Thani as saying this week. The emir arrived in Baghdad on an official visit that led to signing memorandums of understanding (MOUs) to expand cooperation on […]
Read MoreAbdullah Jan Islamabad: National Assembly Standing Committee on Finance and Revenue member and an ally of the government Dr Nafisa Shah on Friday termed the federal budget as election budget. “This is an unrealistic budget for two months. What kind of budget has been given,” Pakistan People’s Party (PPP) lawmaker Dr Nafisa Shah wondered. She […]
Read MoreMartin Jacques – Global Times This year marks the 10th anniversary of the Belt and Road Initiative (BRI) proposed by Chinese President Xi Jinping. Through the lens of foreign pundits, we take a look at 10 years of the BRI – how it achieves win-win cooperation between China and countries along the Belt and Road […]
Read MoreCelina Ali Islamabad: Italy’s Ambassador to Pakistan Andreas Ferrarese said this week that Pakistan was an important country on the list of Italy and Rome wanted to multiply cooperation with Islamabad. In a media interaction, the envoy said during his two-three years in Islamabad, he had seen the cooperation between the two friendly countries grow. […]
Read MoreZheng Yongnian The concept of “Chinese modernization” has received strong reactions from other countries since its introduction. The definition and the five characteristics of Chinese modernization specified in the report of the 20th National Congress of the Communist Party of China are significant. That is, it is the modernization of a huge population, of common […]
Read MoreCelina Ali Islamabad: Chairman Pakistan Red Crescent Society Sardar Shahid Ahmed Laghari held a meeting with Qatar’s Ambassador, Sheikh Saud Abdul Rehman Al Thani here this week. Sheikh Saud Abdul Rahman Al Thani warmly welcomed Sardar Shahid Ahmed Laghari to the Qatar Embassy. Both the dignitaries engaged in discussions covering a range of topics, including […]
Read MoreGwadar Pro Islamabad: China is extending cooperation to Pakistan to develop its dairy industry through production of high milk-yielding cows, the Arid Agriculture University Rawalpindi (AAUR) said this week. The goal of the cooperation is to improve genetic variations of cows being used in Pakistan for dairy farming. This can be achieved by breeding elite […]
Read MoreDing Gang In June last year, a cargo train departed from Pu’er City in Yunnan Province via Xinjiang land port and headed for Europe. The train carried 12 containers of 307 tons of raw coffee beans, making it the first train of coffee beans sent from Pu’er to Europe via land. Pu’er City has a […]
Read MoreCelina Ali Islamabad: Minister of State for Petroleum Dr Musadik Malik this week invited Qatari investors to make more investment in LNG (Liquefied Natural Gas) sector of Pakistan. The minister was talking to Ambassador of Qatar to Pakistan Ambassador Sheikh Saoud bin Abdulrahman Al Thani, who called on him in Islamabad. Speaking on this occasion, […]
Read MoreGwadar Pro Islamabad: Pakistan is all set to export juicy cherries to China in the coming weeks as the harvesting season started in the country. A 14-member Chinese business delegation visited Gilgit-Baltistan where they signed multiple memorandums of understanding (MoUs) this week to facilitate cherry trade. The delegation assessed the local cherry production, and inspected […]
Read MoreCelina Ali Islamabad: Pakistan and Qatar this week vowed to further promote their bilateral trade and tourism. The understanding was reached during a meeting between Ambassadors of Qatar Sheikh Saud bin Abdul Rahman Al Thani with Minister for Interior Rana Sanaullah in Islamabad. The two personalities also discussed issues of mutual interest including bilateral relations […]
Read MoreNewswire Rome: Italy and Saudi Arabia this week signed a memorandum of understanding to foster cooperation in the sectors of archaeology, conservation, restoration and protection of cultural heritage, film and literature. The MoU was signed by Saudi Culture Minister Prince Bader bin Abdullah bin Farhan and his Italian counterpart Gennaro Sangiuliano at a ceremony in […]
Read MoreNewswire Venice: NEOM this week launched its first international exhibition in Venice while presenting the key design principles underlying The Line. Called “Zero Gravity Urbanism — Principles for a New Livability,” the exhibition plays host to more than 20 of the world’s leading architects and innovative designers. Prince Badr bin Abdullah bin Farhan, the minister […]
Read MoreCelina Ali Islamabad: Ambassador of Italy to Pakistan Andreas Ferrarese is working hard to boost the trade ties between Italy and Pakistan. The envoy, who works every day of the week and is easily accessible to the businesspersons, is ready to facilitate the businesspersons in a bod to enhance business relations. The envoy believes that […]
Read More