CIFTIS bridges China-Pakistan banking gap By: APP on September 16, 2024Shaikh Muhammad Shariq, Vice President of National Bank of Pakistan (NBP) and Chief Representative in China Sunday said that China International Fair for Trade in Services (CIFTIS) had emerged as a pivotal platform, fostering enhanced financial cooperation between Chinese banks and their international counterparts. Addressing a seminar titled ‘Investment in Pakistan’, he said, “This year’s […]
PFC chief endorses PIAF-Pioneers By: APP on September 16, 2024Pakistan Furniture Council (PFC) Chief Executive Officer Mian Kashif Ashfaq has announced its support to PIAF-Pioneers Progressive Alliance in the upcoming Lahore Chamber of Commerce and Industry (LCCI) elections. He made this announcement at a meeting with leading businessman Mian Anjum Nisar here on Sunday. He said the alliance has garnered backing from various industry […]
SK joins CPEC’s roster of successes: Ahsan Iqbal By: Agencies on September 16, 2024In a significant breakthrough for Pakistan’s energy sector, the 884 MW Suki Kinari Hydropower Project (SKHPP), a cornerstone of the China-Pakistan Economic Corridor (CPEC), reached its Commercial Operation Date (COD), Gwadar Pro reported. The project, a key contributor to Pakistan’s clean energy future, boasts an investment of $1.7 billion and is one of the largest […]
China, Pakistan sign $400M deals at CIFTIS By: Agencies on September 15, 2024International Innovation Park Limited EPZ and China National Cereals, Oils and Foodstuffs (COFCO) signed an agreement to cooperate in the agriculture sector worth more than $380 million on Saturday at the China International Fair for Trade in Services (CIFTIS) in Beijing, China Economic Net (CEN) reported. Pakistan’s Ambassador to China, Khalil Hashmi, Ghulam Qadir Trade […]
CM Punjab seeks plan for pink salt export By: APP on September 15, 2024Punjab Chief Minister Maryam Nawaz Sharif, chairing a meeting on mines and minerals sector development here on Saturday, sought a comprehensive plan to advance the export of pink salt. She stressed the need to ensure safety of mining workers and to consider the use of modern technology for mineral extraction in Punjab. The chief minister […]
Jam Kamal emphasizes for Pak-Sino strategic partnership By: Agencies on September 15, 2024Federal Minister for Commerce, Jam Kamal Khan on Saturday emphasized the strategic partnership between Pakistan and China, often referred to as “iron brothers.” The Commerce Minister highlighted the importance of aligning the two countries’ economic cooperation with their strong political and strategic ties. “While our economic partnership has grown significantly, particularly through initiatives like the […]
Gold rates up by Rs.400 per tola to Rs.266,300 By: APP on September 15, 2024The per tola price of 24 karat gold increased by Rs.400 and was sold at Rs.266,300 on Friday compared to its sale at Rs.265,900 on last trading day. The price of 10 grams of 24 karat gold also increased by Rs.343 to Rs. 228,309 from Rs. 227,966 whereas the price of 10 gram 22 karat […]
Green Tractor Scheme: Applications to be invited shortly By: APP on September 15, 2024Secretary Agriculture Punjab Iftikhar Ali Sahu said on Saturday that applications for the Chief Minister’s Green Tractor Scheme, offering a subsidy of Rs one million per tractor, would be invited soon. This initiative is aimed at promoting mechanized farming across the province. He made the announcement while presiding over a review meeting on cotton at […]
Weekly inflation rises by 0.01% By: inp on September 15, 2024Weekly inflation showed a slight increase of 0.01%, with the annual inflation rate recorded at 14.36%, according to the latest report from the Pakistan Bureau of Statistics. The report highlights fluctuating prices of essential commodities, with some items becoming more expensive while others witnessed a price drop. During the past week, the prices of 15 […]
UAE, Pakistan explore $10b investment opportunities By: Agencies on September 15, 2024Ambassador Hamad Obaid Alzaabi of the United Arab Emirates (UAE) highlighted the deep-rooted bilateral relationship between Pakistan and the UAE, built on mutual respect, cultural ties and strong economic cooperation. Addressing the UAE-Pakistan Business Forum, themed “Invest Emirates: An Opportunity for Inbound and Outbound Investments,” he emphasized the growing trust-worthy strategic partnership between the two […]