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China comes to Pakistan’s rescue with $1.2 billion bailout loan

ISLAMABAD -UNS – China has increased its economic pull in Pakistan over the past year, providing over $1 billion in loans to help the country stave off from a possible currency crisis. State-backed Chinese banks have come to Pakistan’s rescue twice already – a $900 …

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‘World’s investors eying Pakistan as a lucrative investment destination’

ISLAMABAD-UNS : Federal Minister for Planning, Development and Reform, Prof. Ahsan Iqbal said that Pakistan has achieved an economic growth rate of 5 percent and with political stability، world’s key investors are eying Pakistan as a potential investment market.He expressed these views on Tuesday while …

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Tax breaks for Chinese won’t hit economy: govt

BY KHALEEQ KIANI ISLAMABAD: Chinese investors in the $56 billion China-Pakistan Economic Corridor (CPEC) are enjoying all sorts of tax breaks from customs, income, sales, federal excise and withholding taxes. But despite all the tax discounts and exemptions, which amount to around Rs150 billion in …

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Trade agreement signed between Punjab, Chinese province Jiangxi

LAHORE -UNS – Bilateral trade agreements have been signed between Punjab and Chinese province Jiangxi for the economic cooperation. Punjab-Jiangxi Business Forum was held in Lahore where Shehbaz Sharif meets with Lu Xinshe, member of the Central Committee of Communist Party of China and Party …

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PM for establishment of Pak Germany Chamber of Commerce

ISLAMABAD -UNS : Prime Minister Muhammad Nawaz Sharif Thursday while vowing to enhance bilateral economic ties with Germany proposed the establishment of bilateral Chamber of Commerce to further develop bilateral economic relations. He was talking to Dr. Gerd Muller, German Federal Minister for Economic Cooperation and …

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Pak-China border opened for trade

GILGIT -UNS: Pakistan-China border was opened for trade and business activities on Wednesday. Under the protocol signed between Pakistan and China, the border usually closed on 30th November and open on 1st April every year. Officials said the Frontier Works Organization (FWO) has removed snow …

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Export Led Sustainable Growth Is Our Top Priority: Ahsan

ISLAMABAD -UNS : Federal Minister for Planning, Development and Reform (PD&R), Ahsan Iqbal has said that obtaining export led sustainable growth is our top priority where relocation of Chinese enterprises and revival of Pakistan’s industries can serve the interest of the two nations. “Pakistan could …

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Govt issues guidelines to facilitate domestic, foreign investment

ISLAMABAD -UNS : Prime Minister Muhammad Nawaz Sharif Saturday issued guidelines to the administrative heads of all relevant divisions, attached departments and autonomous bodies aimed at facilitating the domestic and foreign investment in Pakistan. According to a PM House statement, the prime minister directed all …

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CPEC HAS TRANSFORMED SINO-PAK BILATERAL RELATIONS: AHSAN IQBAL

ISLAMABAD -UNS : Federal Minister for Planning, Development and Reform Prof. Ahsan Iqbal said that China Pakistan Economic Corridor has transformed Pak-China bilateral relations from strategic nature to economic cooperation. China has emerged as a top country in respect of Foreign Direct Investment (FDI) in …

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Global Money Week is being celebrated in across world

Our Correspondent BADIN: The Global Money Week (GMW) is being celebrated in across the world including different rural and urban parts of the Pakistan under the theme “Learn, Save and Earn” aimed to educate the children and young people about their social and economic rights …

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