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Budget 2017-18: estimated at Rs 4,800 billion

ISLAMABAD -UNS– The budget for next fiscal year (2017-2018) that will be announced on May 26 has been estimated at Rs 4,800 billion by government. Sources told that Rs 866 billion has been suggested to allocate for development projects including China-Pakistan Economic Corridor (CPEC) whereas …

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PM visits Alibaba HQ: Pak have bright prospects for investment in e-commerce

BEIJING -UNS : Prime Minister Nawaz Sharif visited offices of Alibaba company in Zhejiang on Tuesday. In his remarks on the occasion, he said Pakistan is an emerging economy and the government is striving hard for prosperity of the people. The Prime Minister said as …

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Gwadar would become an international smart port city soon

BEIJING -UNS : Pakistan and China signed various agreements and memorandum of understandings on making Gwadar a world class modern port city and on leveraging special economic zones to capture the window of opportunity for structural transformation in Pakistan. The signing ceremony was held in …

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‘Pakistan for cooperation,synergetic partnerships across regions to ensure prosperity’

BEIJING -UNS -Prime Minister Nawaz Sharif has said that Pakistan strongly favours cooperation and synergetic partnerships across regions to ensure socio-economic development and prosperity. He was speaking at the Leaders’ Roundtable on Policy Synergy in Beijing on Monday. The Prime Minister said it is imperative …

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Bank of China granted banking licence in Pakistan

KARACHI: The State Bank of Pakistan (SBP) has issued a banking licence to the Bank of China. The bank will commence its business in branch mode after meeting other regulatory requirements, a SBP statement on Saturday said. It said that the Bank of China is …

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Will the Belt and Road Initiative cause clash of cultures?

By Hou Qiang From China, passing through the Islamic world, and ultimately to the West, will the Belt and Road bring a clash of cultures? Nothing could be further for the underlying philosophy of the Belt and Road. The very essence of the initiative is …

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Pakistan, China sign several agreements in Beijing

BEIJING -UNS: Pakistan and China have signed various agreements in Beijing on Saturday. Prime Minister Muhammad Nawaz Sharif and his Chinese counterpart Li Keqiang witnessed the ceremony. Federal Ministers, Advisor on Foreign Affairs and Chief Ministers of all four provinces were present on the occasion. …

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Pak-China to ink important CPEC related agreements: Ahsan Iqbal

ISLAMABAD -UNS: Minister for Planning Development & Reform, Ahsan Iqbal has announced that Pakistan and China would sign number of CPEC related agreements and memorandum of understandings during Belt and Road Forum scheduled to be held in Beijing. He expressed these views while talking to …

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Construction of Boeing’s first overseas 737 factory starts in China

HANGZHOU-UNS/Xinhua – Construction of Boeing’s first overseas facility as part of its 737 production system started Thursday in the east China port city of Zhoushan. The construction will consist of two parts — a Boeing 737 completion center and the delivery center. It is scheduled …

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Pakistan,Turkey to jointly manufacture war copters

ISLAMABAD -UNS – Pakistan has entered an agreement with Turkey to manufacture Ada class corvettes and T-129 helicopters. The agreement was signed by Minister for Defence, Rana Tanvir and his Turkish counterpart. The corvettes clock 54 kilometres per hour and support the most advanced GPS …

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