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 …
DUBAI: Dubai-based business tycoon Umar Farooq Zahoor has sued Norwegian right-wing Verdens Gang (VG) tabloid and its reporter Rolf John Widerøe for publishing a defamatory and vindictive article on him, by deliberately lying and concealing facts to harm his reputation and services for Pakistan in the form of bringing millions of Dollars in direct foreign investment to Pakistan. According to …
ISLAMABAD: Minister for Planning, Development and Special Initiatives Ahsan Iqbal on Wednesday said Pakistan would have been on the brink of collapse had it not been for China Pakistan Economic Corridor (CPEC), which turned it into an attractive investment destination. He was speaking at a seminar titled, ‘CPEC 2.0: Prospects and Challenges’ organised by the Institute of Regional Studies (IRS). …
BEIJING: China will continue to bring in more foreign investment as the business environment improves and market opportunities increase, a senior Communist Party of China (CPC) official said on Friday. Opening up to the outside world is a fundamental national policy of China, and foreign enterprises are important participants and active contributors to China’s economic development, said Han Wenxiu, executive …
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 …
ABU DHABI: United Arab Emirates President Sheikh Mohamed Bin Zayed Al-Nahyan on Thursday committed to investing $10 billion in multiple sectors of the Pakistani economy. A statement released by state-run Pakistan Television on social media platform X said the development came in an Abu Dhabi meeting of the UAE president with Prime Minister Shehbaz Sharif who is on a day-long visit to …
Following the success of AMAYA Residences which sold out in record-breaking time, One Homes is expected to launch another serviced apartment concept in Cedar Hills, Islamabad. The $35 million state-of-the-art development, positioned just 15 minutes from the capital’s centre, aims to merge the tranquillity of nature with urban dynamism. Tailored for the overseas Pakistani market, the project offers dollar-linked rental …
BEIJING: China has warned the US and the Philippines that their recent joint naval patrols near Chinese territorial waters should not harm China’s sovereignty and maritime interests, with analysts saying the military activities by Washington and Manila showed the two countries have no sincerity to ease tension. Chinese military experts said the vessels and aircrafts that are participating in the patrol …
BEIJING: Chinese financial regulators on Wednesday moved swiftly to implement tasks set by the top-level, tone-setting central financial work conference, including announcing new regulations for commercial banks and vowing to take measures to defuse risks and ensure sound and stable development. The two-day conference, which concluded on Tuesday, offered a clear path for the financial industry to tackle risks, including the …
ISLAMABAD: Ambassador of China to Pakistan Jiang Zaidong called on Caretaker Federal Minister for Energy Muhammad Ali here on Tuesday.The Minister appreciated the continuous engagement of China in the energy sector with Pakistan, said a press release. He extended his congratulations for the successful 3rd Belt and Road Forum for International Cooperation that was held earlier this month in China.The …