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Next phase of CPEC to ensure technology transfer to Pakistan: Ahsan

ISLAMABAD -UNS/APP:Minster for Planning, Development and Reforms, Ahsan Iqbal Tuesday said cooperation in industrial sector under China Pakistan Economic Corridor (CPEC) would ensure transfer of technology, knowledge and skills to Pakistan. “CPEC is also helping to promote knowledge based economy in Pakistan, which is the …

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Dairy sector has potential to promote exports: Sector covers 12 percent of GDP

ISLAMABAD -UNS/APP :The country’s dairy sector has great potential to enhance exports and government’s support was needed to take maximum advantage of this resource, said Pakistan Economy Watch (PEW). Promotion of this sector would also help reduce domestic prices of milk, hence provide relief to …

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China to construct Chashma Right Bank Uplift Canal in DI Khan

PESHAWAR -UNS: China will construct Chashma Right Bank Uplift Canal in Dera Ismail Khan. A Memorandum of Understanding was signed for this purpose between the Khyber Pakhtunkhwa and Chinese government officials in Peshawar on Monday. Chief Minister Khyber Pakhtunkhwa Pervez Khattak was also present on …

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Pakistan will start production of commercial aircraft soon

ISLAMABAD -UNS- Pakistan Aeronautical Complex (PAC) is all set to kick off production of commercial aircraft for domestic and international markets. This was stated by PAC official Air Marshal Ahmer Shahzad during interview with Khaleej Times on the sidelines of the Dubai Airshow 2017. Shahzad …

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Work on Gwadar International Airport will start by mid of next year

ISLAMABAD: The meeting of the Cabinet Committee on China Pakistan Economic Corridor was held in Islamabad with Prime Minister Shahid Khaqan Abbasi in the chair. The meeting discussed all the CEPC projects in detail including power and water supply, construction of Gwadar airport, free port, …

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50% drop in overall investments as compared to last year

KARACHI -UNS– Overall investments in the country saw a drop of 50% during the current year compared to the last while Foreign Direct Investment (FDI) has increased by 74%, taking the total volume to 940 million dollars.   According to the statistics released by State …

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German economy expands faster in third quarter

BERLIN: The German economy grew at a faster pace than expected in the third quarter, official data showed Thursday, as robust foreign demand kept Europe’s top economy humming. Gross domestic product (GDP) expanded by 0.8 percent between July and September compared with the previous quarter, …

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FBR initiates investigations against Pakistanis named in Paradise Leaks

ISLAMABAD -UNS – Federal Board of Revenue (FBR) has on Saturday initiated investigations against Pakistanis named in Paradise Papers after making a list of all the 19 people. According to sources, details of the 19 people named in Paradise Leaks have been demanded from Regional …

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US,China signs $37 billion deal to buy 300 Boeing planes

BEIJING -UNS: China signed an agreement Thursday to buy 300 airplanes from US aerospace giant Boeing valued over $37 billion, as part of a multi-billion dollar raft of deals announced during President Donald Trump’s visit to Beijing. The agreement for China Aviation Suppliers Holding Co. …

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No bottleneck in implementation of CPEC: China

BEIJING -UNS : China rejected reports that there is any bottleneck in the implementation of China-Pakistan Economic Corridor (CPEC) or the Belt and Road Initiative (BRI). Foreign Ministry spokesperson Hua Chunying said at a news briefing that the projects are going on smoothly. “I wonder …

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