ISLAMABAD: In a return to previous practice, the National Economic Council (NEC) decided on Monday to continue funding constituency-based schemes and ongoing provincial projects, while approving an indicative national development plan worth Rs3.792 trillion for the next fiscal year to increase the economic growth rate to 3.6 per cent from the current 2.4pc. The expansionary public investment stance is likely to come under tight …
KARACHI: The State Bank of Pakistan (SBP) announced on Monday that it had decided to cut the interest rate by 150 basis points (bps) to 20.5 per cent. The decision to cut the key rate to 20.5pc comes ahead of the annual budget and a week after data showed inflation slowed to a 30-month low of 11.8pc in May. In a statement, …
BEIJING: Prime Minister Shehbaz Sharif on Thursday said Pakistan was taking steps to improve governance, increase the tax net and ensure ease of doing business to attract foreign direct investment (FDI), state-run Radio Pakistan reported. During a meeting with China Exim Bank President Dr Wu Fulin in Beijing today, the premier said the results of reform measures had started appearing as the …
ISLAMABAD: Pakistan and China have signed 32 memorandums of understanding (MoUs) to promote trade and investment between the two countries. The MoUs were signed during Prime Minister Shehbaz Sharif’s visit to China. He is leading a team of 100 businessmen to explore the potential for promoting bilateral trade and investment. An official announcement of the Commerce Ministry released on Wednesday said …
“After watching’The Top Restaurant（《天下第一楼》）’, an audience asked me:how did I make a roast duck so poetic?” The Chinese screenwriter He Jiping told the reporter from Global People Magazine with a proud smile, “The secret is turning the’five flavors in the plate’to the’five flavors in life’. “ During the the 2024 Forum on Building up China’s Cultural Strength, He participated the …
The China Industrial Museum in Shenyang, northeast China’s Liaoning Province, hosted a job fair for doctoral students on May 30, marking the second edition of the event held by the city. The event saw a significant increase in participation, with 6,860 doctoral students attending, a fivefold increase from the previous year. The doctoral students came from 192 cities nationwide, including …
The Iranian authorities will hold a funeral for the late president Ebrahim Raisi on May 23 and the next presidential election on June 28. They said the election will be held on June 28 to determine the new president and the registration of candidates will be carried out from May 30 to June 3, and the election campaign period will …
ISLAMABAD: Leader of the Opposition in the National Assembly Omar Ayub on Friday stated that any talks with “Form-47 parties”, referring to the PPP, PML-N and Muttahida Qaumi Movement-Pakistan (MQM-P), would be dependent on the return of the PTI’s “stolen seats” and the quashing of cases against party founder Imran Khan. Since the aftermath of the February 8 general elections, …
BEIJING: The China Association of Automobile Manufacturers (CAAM) on Sunday denounced the U.S.’s overcapacity concerns and national security fears surrounding China’s new energy vehicle (NEV) industry, calling it a typical case of trade protectionism. Fu Bingfeng, the CAAM’s executive vice president and secretary-general, made the remarks amid reports of planned new tariffs by the U.S. on Chinese electric vehicles. He …
ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday received a message from his Qatari counterpart underscoring potential avenues for reinforcing bilateral ties. “Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani has sent a written message to Prime Minister of Pakistan Shehbaz Sharif, pertaining to bilateral relations and way to support and develop them,” Qatari newswire QNA reported. …