Staff Writer Islamabad: Pakistan and Qatar this week agreed to enhance bilateral relations in diverse sectors. The understanding was reached at a meeting between Chairman Senate Sadiq Sanjrani and Qatar’s Ambassador to Pakistan Sheikh Saoud bin Abdulrahman Al-Thani in Islamabad. During the meeting, they discussed strengthening of bilateral relations between the two countries and exploring […]
Read MoreChina Economic Net Beijing: “China’s growth will steer the global economy back on track,” pinpointed Ahsan Iqbal, Pakistani Minister of Planning, Development and Special Initiatives, while commenting on the global inflation, which has become one of the leading concerns of the year for many. High inflation remains geographically broad-based. “If you look at Europe, the […]
Read MoreChina Economic Net Beijing: China and Pakistan agreed to boost cooperation through the “China- Pakistan Joint Laboratory on Smart Disaster Management/Prevention of Major Infrastructures” established in Tianjin, said Khan Muhammad Wazir, Science Counsellor (Technical Affairs), Embassy of Pakistan in China. China, Pakistan agree to boost cooperation on disaster management Khan Muhammad Wazir told China Economic […]
Read MoreZhou Lanxu Beijing: The Chinese currency renminbi, or the yuan, this week surpassed the euro to become Brazil’s second-largest international reserve currency, according to a report of the Banco Central do Brasil, the Brazilian central bank. The proportion of the renminbi in Brazil’s international exchange reserves had reached 5.37 percent by the end of 2022, […]
Read MoreGwadar Pro Beijing: Since last year, the US has resorted to unprecedented massive interest rate hikes, making the debt problems of certain countries even worse. The US needs to take concrete steps to help developing countries, rather than point fingers at others, said Chinese Foreign Ministry Spokesperson Mao Ning at a regular press conference this […]
Read MoreRome: Chinese bike brand Kove has revealed its intentions to expand into the international market in recent months. Just four months after its debut at EICMA in 2022, Kove has demonstrated that it has the ability to compete with the most high-profile brands in the world of motorsport. In January 2023, the brand completed its […]
Read MoreStaff Writer Islamabad: Pakistan’s exclusion from the EU’s list of “high-risk third countries” is likely to boost exports to the bloc and reduce the legal and financial costs of business with the EU. The European Union has approved the removal of Pakistan from its list of “high-risk third countries” that pose a significant threat to […]
Read MoreStaff Writer Tokyo: A renowned Japanese trading company, in collaboration with an Irish partner, this week extended an offer to Pakistan to obtain Russian oil as well as LNG from Nigeria at a price that is 35 percent lower than the global market. During a meeting in Tokyo, a representative of the Japanese company made […]
Read MoreStaff Writer Islamabad: Ambassador of Italy to Pakistan Andreas Ferrarese said this week that Pakistan’s market was immense for Italians as its population was more than 220 million. The envoy said the Italian Embassy is continuously inviting Italian companies and also to say that “we have a special place in the heart of our Pakistani […]
Read MoreHu Xijin Jack Ma returned to China and appeared in Hangzhou. This should not have been news, since his business is in China and his root is also in China. After traveling around the world, where else could he go if he didn’t return to China? Bloomberg and other foreign media spread the rumor that […]
Read MoreNagoya: Toyota Motor plans to discontinue sales of the Camry sedan in the Japanese market, focusing on countries where the automaker’s 43-year-old flagship model remains popular. Toyota has notified Japanese dealerships that it will cease production of the Camry for domestic customers at the end of the year. Production will continue for exports. Domestic sales […]
Read MoreStaff Writer Islamabad: Italy’s Ambassador to Pakistan Andreas Ferrarese said this week that Italy would always support Pakistan’s stability and economic development. He observed that Pakistan and Italy could boost bilateral trade from current levels as tremendous potential existed to raise volumes. The envoy said Pakistan and Italy have chosen to strengthen economic ties and […]
Read MoreDing Gang Online shopping has become an essential part of Chinese consumers’ daily lives, and the role of TikTok, (its Chinese counterpart is called Douyin) is growing. Every consumer in China can easily buy the necessities they or their families need online and get them quickly, even if those products are manufactured thousands of miles […]
Read MoreLahore: Pakistan this week obtained $500 million as the second payment from the $1.3 billion facility provided by the Industrial and Commercial Bank of China (ICBC). Senator Ishaq Dar, the Federal Minister for Finance and Revenue, shared the news on Twitter, stating that the State Bank of Pakistan has received the payment in its account, […]
Read MoreDoha: Qatar this week lifted its temporary ban on the import of frozen seafood after four months, said the Ministry of Public Health, Qatar in a statement. The ban on the import of frozen seafood will be lifted under certain conditions with effect from February 22, 2023 following the results of risk assessment carried out […]
Read MoreGwadar Pro Islamabad: China State Construction Engineering Corporation Ltd (CSCEC) this week expressed interest to build low-cost housing units for the low-income Pakistanis. Chang Chun, Chief Executive Officer (CEO) CSCEC called on Iftikhar Ali Shallwani, Federal Secretary, Ministry of Housing and Works to discuss the idea. During the course of meeting, detailed discussion was carried […]
Read MoreStaff Writer Karachi: Organised by the Italian Consulate and a private company, the Italian design week was celebrated in Karachi. Various colourful domestic products, work of art by Italian artists and fashion-related items were displayed in the exhibition. Artwork by eminent Italian artist Antonio Forlin mesmerized the participants of the event. Speaking on the occasion, […]
Read MoreStaff Writer Islamabad: Ambassador of Italy in Pakistan Andreas Ferrarese said this week that Italy wanted to enhance the existing potential to boost trade and investment relations between Pakistan and Italy. In a media interaction, the envoy said Pakistan had shown interest in collaborations in the renewable energy sector. Ambassador Andreas Ferrarese said that Italy […]
Read MoreNew York: Qatar’s Assistant Foreign Minister Lolwah bint Rashid Al Khater met with Minister of Foreign Affairs Bilawal Bhutto Zardari on the sidelines of the conference “Women in Islam: Understanding the Rights and Identity of Women in the Islamic World,” which concluded in New York this week. During the meeting, they discussed bilateral cooperation between […]
Read MoreXinhua Beijing: China’s economy has shown remarkable resilience and enormous potential, as evidenced by key indicators that have surpassed expectations and signs of consumer and investor confidence. This has become a significant driving force for the struggling global economy, according to market experts. China has set a GDP target of around 5 percent for 2023, […]
Read MoreStaff Writer Peshawar: Federal Minister for Overseas Pakistani and Human Resource Development Sajid Hussain Turi assured businessmen to resolve their issues on a fast-track basis, saying that the government is taking all possible steps for industrialisation and provision of all facilities to the business community. The federal minister strongly opposed the industries-hostile actions and initiatives […]
Read MoreStaff Writer Karachi: Consul General of Italy in Karachi Danilo Giurdanella said this week that in order to support the textile businesses in Pakistan, his consulate has worked out a special arrangement with the Italian Development Committee to facilitate would-be visitors to the forthcoming ITMA expo in Milan. Speaking as chief guest at the ‘Presentation […]
Read MoreStaff Writer Islamabad: Italy’s Ambassador to Pakistan Andreas Ferrarese urged the Pakistanis to use olive oil to boost health. “The best kind of olive needs experts and if Pakistanis get used to using olive oil, the Italian government would love to continue the olive project,” the envoy said while addressing a Roundtable discussion on “Holistic […]
Read MoreDing Gang When traveling in South China’s Guangdong Province not long ago, I heard my friends talk about chicken in Cantonese cuisine countless times. The locals always said, “no chicken, no feast.” In fact, if you had more experience tasting China’s various cuisines and flavors, you would understand that this hyperbole is nothing more than […]
Read MoreStaff Writer Faisalabad: Ambassador of Vietnam to Pakistan, Nguyen Tien Pong, said this week that there are vast opportunities to increase bilateral trade between the two countries, which need immediate steps to take advantage of accelerating businesses. He was talking during a meeting with Faisalabad Chamber of Commerce and Industry (FCCI) President Dr. Khurram Tariq. […]
Read MoreNewswire Beijing: China’s international trade in services stood at 459.5 billion yuan, or 67.6 billion U.S. dollars, in January, official data showed this week. Services exports totaled 177.4 billion yuan last month, and services imports were at 282.1 billion yuan, resulting in a trade deficit of 104.8 billion yuan, according to the State Administration of […]
Read MoreChina Economic Net Guangzhou: For three consecutive years, China’s homegrown games have raked in over 100 billion yuan (about 14.7 billion U.S. dollars) in annual sales revenue from overseas markets, according to the 2022 China Gaming Industry Report released recently. The report, released at the China Game Industry Annual Conference in the southern metropolis of […]
Read MoreStaff Writer Islamabad: Ambassador Extraordinary and Plenipotentiary of the Federal Democratic Republic of Ethiopia to the Islamic Republic of Pakistan Jemal Beker Abdula said this week that arrival of the Ethiopian Airlines in Pakistan would give a major boost to the relations between Pakistan and Africa by bolstering contacts among their people. “Ethiopian Airlines that […]
Read MoreIslamabad: Danish sportswear brand Hummel has signed the Pakistan Accord in order to reinforce its commitment towards worker safety. The initiative, which is part of the expanded ‘International Accord for Health and Safety in the Textile Industry,’ aims to ensure a safe environment for workers in the textile and garment sector in Pakistan. The International […]
Read MoreStaff Writer Islamabad: Ambassador of Italy to Pakistan Andreas Ferrarese this week underlines the importance two- way trade between Italy and Pakistan. In a recent event, the envoy said both countries had tremendous potential to enhance trade ties. He said vast opportunities were present to enhance mutual trade and investment between Pakistan and Italy and […]
Read MoreNewswire Rome: Italy intends to use funds coming from the European Union under the so-called REPowerEU plan to completely wean itself off Russian gas and turn the country into energy hub for the bloc, Prime Minister Giorgia Meloni said. Meloni, who met on Monday (6 February) with relevant ministers and the CEOs of energy groups […]
Read MoreNewswire Beijing: The Chinese economy is expected to grow further in 2023 thanks to policies of the Communist Party of China (CPC), Turkish experts have said. Selcuk Colakoglu, director of the Ankara-based Turkish Center for Asia-Pacific Studies, told Xinhua in a recent interview that China’s economy has entered a period of solid recovery, especially after […]
Read MoreStaff Writer Karachi: Consul General of Indonesia Dr June Kuncoro Hadiningrat has stressed the need to further strengthen the existing trade and economic cooperation between Indonesia and Pakistan through enhanced interactions between the business communities in addition to connecting Indonesian and Pakistani youngsters and children for fostering future economic cooperation. “For this purpose, Indonesia Pakistan […]
Read MoreStaff Writer Islamabad: Indonesian Ambassador Adam M. Tugio this week encouraged Pakistani business community to visit and personally observe potential for trade and investment in his country and offered them full support from his embassy. The invitation came during his visit to the Islamabad Chamber of Commerce and Industry (ICCI) where he met the acting […]
Read MoreStaff Writer Islamabad: Ambassador of Italy to Pakistan Andreas Ferrarese this week said that Italy-Pakistan bilateral trade and economic cooperation will be boosted with focused efforts. In an interview, the envoy said there was huge trade potential in different sectors of economy which needed to be explored and in this regard both sides were engaged […]
Read MoreChina Economic Net Islamabad: All-Pakistan Chinese Enterprise Association (APCEA) in collaboration with the Sustainable Development Goals (SDGs) Secretariat launched a report titled “APCEA Sustainable Development Report 2022” today at the Pakistan Institute of Parliamentary Services. The report provides a comprehensive overview of China-Pakistan Economic Corridor (CPEC) projects in Pakistan while highlighting the contribution of CPEC […]
Read MoreStaff Writer Islamabad: Federal Minister for Overseas Pakistanis and Human Resource Development Sajid Hussain Turi this week arrived in Saudi Arabia on a five-day visit, mainly to promote export of Pakistani manpower to Saudi Arabia and enhance bilateral relations. At the airport, Deputy Minister of Saudi Arabia, Dr Adnan Al Naeem, warmly welcomed the federal […]
Read MoreStaff Writer Islamabad: Federal Minister for Information Technology and Telcom Syed Amin Ul Haque this week said Pakistan wanted to boost ties with Sweden and European countries in the field of IT and Telecom. “Pakistan has a conducive environment for investment especially in the IT and telecom sectors, adding that steps are being taken to […]
Read MoreStaff Writer Islamabad: The efforts of the Embassy of Federal Democratic Republic of Ethiopia in Islamabad has started yielding results as a major business group from Pakistan has flown to Addis Ababa, the other day, to explore investment opportunities in its industrial sector. A high-level delegation of Arif Habib Group visited Addis Ababa where they […]
Read MoreIslamabad: Textile giant Nishat Mills (NML) this week said its board has decided to acquire Wernerfelt A/S, a Danish manufacturer of fabrics, either by the company itself and/or Nishat International FZE, Dubai, its wholly owned subsidiary. The company shared the development in its notice to the Pakistan Stock Exchange (PSX). “The Board of Directors of […]
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