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Business

China welcomes use of Yuan for bilateral trade, investment activities in Pakistan

BEIJING: China Thursday welcomed the State Bank of Pakistan for allowing use of the Chinese Yuan for bilateral trade and investment activities and said it would create a sound financial environment for bilateral economic, trade and investment cooperation between the two countries. “We welcome this move and we believe it …

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New Year gift for Pakistani people: Govt raises oil prices by upto Rs.6.79

ISLAMABAD: On the New Year eve, the government dropped ‘petrol bomb’ on masses, raising petroleum prices for the next month by upto Rs.6.79 per liter. Briefing the media in Islamabad this evening Advisor to Prime Minister for Finance Miftah Ismail said prices of petrol has been increased by Rs.4.06 per …

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Singapore bar offers bitcoin New Year party package

SINGAPORE CITY: A Singapore bar that bills itself as the world’s highest cryptocurrency club is offering a New Year’s Eve package that includes a limousine pick-up and butler service — but it’ll cost you a whole bitcoin. Skyline, on the 45th floor of a skyscraper overlooking the city-state’s glittering waterfront, …

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China co-operation with Pakistan, Afghanistan no threat to any third party: China

BEIJING -UNS – China clarified on Wednesday that its plan to include Afghanistan into the China-Pakistan Economic Corridor (CPEC) and a recently held trilateral meeting featuring the three countries does not target a ‘third party’ and that the project will be beneficial for ‘the whole region’. The inclusion of Afghanistan …

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Strong economic cooperation linked to regional peace: President

ISLAMABAD -UNS/APP: President Mamnoon Hussain has said future of the region is deeply linked to active linkages, increased mutual trade and intensive cooperation. He was addressing the inaugural session of six-nation Speakers’ Conference in Islamabad on Sunday. The President invited all states of the region to join the fate changer …

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Pak-China ties have become model of state-to-state relations

ISLAMABAD -APP/UNS:Planning Commission Deputy Chairman Sartaj Aziz Monday said that China had become a reliable partner in Pakistan’s national development efforts as their relations had become a model of state-to-state relations. Talking to a 60-member Chinese business delegation, Sartaj said that Pakistan was an ideal destination for Chinese investors due …

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KSA to cut oil exports to Asia in January: energy ministry

RIYADH (AFP) – Saudi Arabia said on Monday it will trim crude exports to Asian customers in January to help accelerate the rebalancing of the international oil market. An energy ministry spokesman said state-owned Aramco will maintain “steady supplies to the United States and Europe while exports to Asia will …

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Pakistan agrees to depreciate rupee on IMF conditions

By Khaleeq Kiani Amid a policy decision on Friday to allow rupee depreciation, Pakistan and an International Mone­tary Fund (IMF) delegation concluded the first round of discussions on the country’s economy. Now members of the IMF delegation and Pakistan team are taking a two-day break to prepare for the policy-level …

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