ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar on Wednesday said Pakistan and Turkiye were pursuing the establishment of a Special Economic Zone (SEZ) for Turkish entrepreneurs in Karachi. The announcement came after Turkish Foreign Minister Hakan Fidan arrived in Islamabad earlier today on an official visit. Turkiye’s Minister of National Defence Yasar Guler is also visiting Pakistan. Pakistan …

WASHINGTON: During his two-hour meeting with US President Donald Trump at the White House, Chief of Army Staff Field Marshal Syed Asim Munir discussed a wide range of issues, focusing on expanding bilateral cooperation in trade, artificial intelligence, energy, cryptocurrency, and emerging technologies, according to a statement from the Inter-Services Public Relations (ISPR). The two leaders also exchanged views on …

ISLAMABAD: Finance Minister Muhammad Aurangzeb on Tuesday said that Pakistan and the US will continue to strengthen their economic partnership as both sides agreed to advance negotiations on reciprocal tariffs through constructive engagement, state-run Radio Pakistan reported. Pakistan faces a potential 29 per cent tariff on its exports to the US due to a $3 billion trade surplus with the …

KUALA LUMPUR: Chinese Premier Li Qiang said Monday that China is ready to work with Kuwait to further advance the steady development of bilateral ties. Li made the remarks during his meeting with Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah, crown prince of Kuwait, in Kuala Lumpur. The Chinese premier arrived in Kuala Lumpur on Monday to attend the ASEAN (the Association of …

The Political Bureau of the Communist Party of China (CPC) Central Committee held a meeting on Friday to analyze and study the current economic situation and economic work. Xi Jinping, general secretary of the CPC Central Committee, presided over the meeting. It was noted at the meeting that the country has seen its economy improve this year, with public confidence …

BEIJING: China’s annual “two sessions” are being held in Beijing from March 4 to March 11. With a target of hitting 134.9 trillion yuan in 2024, China has set its 2025 GDP growth target at around 5%, announced at the third session of the 14th National People’s Congress when Chinese Premier Li Qiang delivered the government work report on March …

On Feb. 17, Chinese President Xi Jinping attended a symposium on private enterprises and delivered an important speech. He stressed that on the new journey of the new era, the private economy has broad development prospects and immense potential, and it is the perfect time for private companies and entrepreneurs to fully demonstrate their prowess. The international community closely followed …

ISLAMABAD: Finance Minister Muhammad Aurangzeb on Sunday said that the government was committed to building on the hard-earned macro-stability to further strengthen the economy of the country, adding that “prudent economic policies” had led to substantial improvements. Talking to the media in Islamabad on Sunday, he cited recent figures related to decreasing inflation and the surging foreign exchange reserves, saying …

ISLAMABAD: The International Monetary Fund (IMF) has called on Pakistan to reduce state intervention in the economy and strengthen competition, while also stressing the need for urgent energy sector reforms. “Pakistan should take steps to decrease state intervention in the economy and enhance competition, which will help foster the development of a dynamic private sector,” a statement issued by the …

WASHINGTON: Pakistan’s Finance Minister, Muhammad Aurangzeb, announced restrictions on property and vehicle purchases for non-filers, emphasising that difficult economic decisions are necessary for improvement. In a press conference in Washington, Aurangzeb stated that there is a need for legal coverage regarding non-filers, and Pakistan is moving to eliminate the non-filer category altogether. He highlighted ongoing efforts to raise Pakistan’s tax-to-GDP …