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 …

Chinese officials on Wednesday vowed to swiftly carry out a plan to issue an additional 1 trillion yuan ($137 billion) in special treasury bonds in the fourth quarter, which marks only a few times in history that China has issued special treasury bonds, maintaining that such a move will help further consolidate the positive recovery trend of the Chinese economy, …

BEIJING: Chinese President Xi Jinping on Wednesday announced eight major steps China will take to support high-quality Belt and Road cooperation. First, China will build a multidimensional Belt and Road connectivity network, Xi said in a keynote speech at the opening ceremony of the third Belt and Road Forum for International Cooperation (BRF). The country will speed up high-quality development of …

ISLAMABAD: Award-winning Miami design house Varabyeu is coming to Pakistan as partner of One Homes, a leading real estate development group, for its new Islamabad development. The collaboration will see Varabyeu as the lead design partners for One Homes’ recently acquired $180 million mega mixed-use development. The collaboration between One Homes and Varabyeu Partners represents a significant milestone in Pakistan’s real …

ISLAMABAD: Leading global luxury lifestyle developer, ONE Homes, have appointed world renowned architectural design firm, VX Studio as the lead design consultant for One Serene Residences, Pakistan’s first-of-a-kind $40 Million resort-living development in Islamabad. The Group recently acquired 100,000 sq. ft. of prime land in the twin cities where they will be developing Pakistan’s first resort-themed development, tailor-made for overseas …

ISLAMABAD: Pakistan’s Honorary Ambassador-at-Large on Investment Zeeshaan Shah visited Silicon Valley of the United States of America (USA) and showcased the vibrant economic opportunities Pakistan’s Information Technology (IT) market offered for the world. He visited the worlds IT Mecca home to global giants including, Facebook, Microsoft and Apple, said a statement on Monday. Zeeshaan Shah engaged with a number of …

WASHINGTON: A US court has issued warrants for the seizure of two luxury planes owned by Russian billionaire Roman Abramovich. According to a press release from the Department of Justice, the move is part of the recent sanctions issued against Russia over the conflict in Ukraine. Authorities say the American-made planes were flown into, and out, of Russia without obtaining …

NANJING: Before coming to China, Shabir Mohsin Hashmi knew little about the country. Now, the 47-year-old man not only has a family here but has also become an ambassador for the China-proposed Belt and Road Initiative (BRI). In 2006, Hashmi got a chance to study abroad. There were five countries to choose from. “I knew China and Pakistan are in a …

Chinese President Xi Jinping profoundly expounded on security and development issues, and offered important opinions on deepening political and security cooperation among BRICS countries, enhancing confidence in and strength for building a community with a shared future for mankind. He expressed these views while delivering a video address at the opening session of the BRICS Foreign Ministers’ Meeting. “As a positive, …

Operating system used to remain a challenge for many industries. For instance, financial institutions need their operating system to be extremely reliable as they have to deal with a huge user base and complicated business forms. The power industry, which sees a broad geographical coverage of its businesses and high maintenance cost, must work to lower its cost and enhance …