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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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Sherry slams government over alarming external debt

ISLAMABAD -UNS : Vice President PPPP, Senator Sherry Rehman slammed the government over Pakistan’s mounting external debt. “This alarming rise in our external debt shows the downward trajectory of the government’s lacklustre economic vision,” said the Senator in her statement. The country’s external debt has …

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Standard & Poor’s affirms Pakistan’s ‘B/B’ ratings with Stable Outlook

ISLAMABAD: The global rating agency, Standard & Poor’s Global Ratings (S&P), in its report on Monday affirmed Pakistan’s long-term ‘B’ and short-term sovereign credit rating. The outlook for the long-term ratings remains stable, according to the report. Affirmation of Pakistan’s rating reflects that economic prospects …

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Bomb for public: Petroleum products prices might go up by Rs1 to Rs2 per liter

ISLAMABAD -UNS – Rising crude oil price in a week in global markets might prompt the Pakistani government to increase prices of domestic petroleum products by Rs 1 to Rs 2.50 per liter from November 1, 2017. The crude oil price during the outgoing week …

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Uninterrupted gas supply to all consumers throughout year ensured: PM Abbasi

BY MARYAM SHAH ISLAMABAD: Prime Minister Shahid Khaqan Abbasi has said that due to government’s concerted efforts on Thursday gas is available in all over the country throughout the year to all kind of consumers. Responding to a calling attention notice moved by Sherry Rehman, …

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Chinese company to invest $5oom in Gawadar Port City Project

ISLAMABAD-UNS : The China Pak Investment Corporation (CPIC) which has announced its intentions to invest up to $500 million in Pakistan’s real estate sector has confirmed that it has all the necessary approvals while expressing dismay at the statement issued by the Ministry of Planning, …

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Pakistan seeks to enhanced trade, economic partnerships with D8 members

ISTANBUL-UNS/APP: With focus on upgrading its communications, energy infrastructure, and enhancing regional connectivity under the China-Pakistan Economic Corridor (CPEC), Pakistan on Friday sought enhanced trade and economic partnerships with D-8 member states through stronger rail, road, air and sea links ,a win-win for all. “Connectivity-led …

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TAPI will be operational soon:PM

ISLAMABAD -UNS/APP:Prime Minister Shahid Khaqan Abbasi Monday reiterated Pakistan’s strong commitment to the early operationalization of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project as it holds a huge potential for meeting Pakistan’s energy needs. He was talking to Ambassador of Turkmenistan to Pakistan Atadjan Nurlyevich Movlamov …

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WB pledges to continue supporting Pakistan economic reforms

WASHINGTON -UNS : The World Bank said on Monday it would continue to support Pakistan to implement broad economic reforms and address current risks towards achieving its development aspirations. The statement was made after discussions with a Pakistan delegation that covered a range of topics …

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