BY GLOBAL TIMES At around 9 a.m., a delivery truck pulled into SF Express’s logistics park on the outskirts of Lhasa, southwest China’s Xizang autonomous region. Workers swiftly unloaded parcels onto conveyor belts, sorting them into destination-specific containers. Among them was an online order by Lhasa resident Qiang Zhen – clothing shipped from Guangzhou, south China’s Guangdong province, more than …
KARACHI: The State Bank of Pakistan has partnered with the International Finance Corporation (IFC), the private sector arm of the World Bank Group, to expand local currency financing and support private sector growth in Pakistan. The agreement, signed under the International Swaps and Derivatives Association (ISDA) framework, will enable the International Finance Corporation (IFC) to manage currency risks more effectively …
BY GLOBAL TIMESBEIJING: “Before coming here, I assumed Sanya was only about sunshine and beaches,” remarked Russian tourist Andrei. After spending a few days by the sea, his family headed to downtown Sanya, south China’s Hainan province, for some shopping. Inside a mall, a poster advertising duty-free shopping for offshore passengers caught his eye. “Offshore duty-free shopping applies mainly to …
ISLAMABAD: Pakistan and China on Thursday reaffirmed their unwavering commitment to the high-quality development of the upgraded China-Pakistan Economic Corridor (CPEC) during the 6th Strategic Dialogue between Deputy Prime Minister and Foreign Minister Ishaq Dar and Chinese Foreign Minister Wang Yi. Pakistan and China share a longstanding strategic partnership with ties ranging across different sectors — including trade, energy, defence …
As we stand on the brink of a new economic era, it is becoming increasingly clear that the next great race is not over land, sea, or oil but over data, connectivity, and digital sovereignty. The digital economy is no longer the future; it is the present and at the center of this transformation stands an emerging alliance between China …
Beijing, China: A new chapter in global digital cooperation is set to unfold later this month as the World Internet Conference (WIC) announced the Digital Silk Road Development Forum, which will be held on July 24 in Quanzhou, Fujian Province. Designed to promote international digital trade and deepen global partnerships, the forum will bring together government officials, international organizations, industry …
ISLAMABAD: Prime Minister Shehbaz Sharif on Friday reiterated the government’s resolve to meet its target of $25 billion in IT exports in the next three years, highlighting the government’s efforts to promote the telecommunications sector. In August, the PM said the completion of the Information Technology Park project would help boost the country’s exports in the sector and be a …
BEIJING: President Xi Jinping pledged on Thursday to step up China’s support across debt-laden Africa with funding of nearly $51 billion over three years, backing for more infrastructure projects, and the creation of at least 1 million jobs. China was ready to step up cooperation with Africa in industry, agriculture, infrastructure, trade and investment, Xi told delegates from more than …
ISLAMABAD: Pakistan’s central bank Governor, Jameel Ahmad, announced on Wednesday that inflation might surge in the coming months due to budgetary measures, rising energy prices, and the ongoing situation in the Middle East. However, he assured that the foreign debt repayment crisis is now over. He further stated that Pakistan’s foreign exchange reserves cover remains below the minimum threshold, standing …
hile 5G technology is being applied in various industries in China, 6G is also experiencing booming development in the country. It is expected that China will set standards for 6G technology around 2025, and realize the commercialization of the technology around 2030, said Wang Zhiqin, vice president of the China Academy of Information and Communications Technology. Beijing has seized on …