Pakistan and Denmark signed a strategic MOU on Wednesday, after which Maersk, a Danish shipping company, is set to invest nearly $2 billion in Pakistan’s maritime sector. Minister for Maritime Affairs Qaiser Ahmed Shaikh signed this MOU on the behalf of Government of Pakistan and Denmark’s Minister for Industry, BusinessContinue Reading
State Bank of Pakistan (SBP) Governor Jameel Ahmad Wednesday highlighted that the number of unique bank accounts in Pakistan has increased from 16 percent of the adult population in 2018 to 64 percent in 2024, a four-fold increase in six years. The governor’s remarks came during his keynote address at theContinue Reading
Prime Minister Muhammad Shehbaz Sharif on Wednesday warmly received Malaysian Prime Minister Dato’ Seri Anwar Ibrahim who is undertaking a three-day official visit to Pakistan. Upon his arrival at the airport, children clad in traditional attire presented bouquets to the Malaysian Premier. He was also given a static guard ofContinue Reading
The 21st China-ASEAN Expo (CAEXPO) is a kaleidoscope of colors, one of which is hard to miss. Check it out. Reference Link:- https://english.news.cn/20240928/ca625b02784148d582b027e8952dffba/c.htmlContinue Reading
A leading European agricultural production and food trading holding company in Italy has acquired 50 percent shareholding in a Pakistani company engaged in paddy rice procurement and processing. The acquisition deal, approved by the Competition Commission of Pakistan on Thursday, will boost the country’s rice exports and foreign investment inContinue Reading
China will take a raft of measures to promote the market entry of medium and long-term capital, in a move to invigorate its capital markets, according to a new guideline made public Thursday. The guideline, issued by the office of the Central Financial Work Commission and the China Securities RegulatoryContinue Reading
The new mill will occupy 700 acres of the PSM’s 19,000-acre site A Russian delegation is scheduled to visit Pakistan this month to discuss the establishment of a state-of-the-art steel mill on the existing site of Pakistan Steel Mills (PSM). This development involves dismantling the current structure; an official informedContinue Reading
Aramco is the leading oil company that produces one-eighth of the world’s oil supply. This Saudi oil giant announced the launch of its first gas station in Pakistan this week. Aramco has purchased a 40% stake in GO (Gas and Oil Pakistan LTD) in May 2024. It took this significantContinue Reading
The 24th China International Fair for Investment and Trade (CIFIT) opened on Sept. 8 in the city of Xiamen, China’s Fujian Province. Covering around 120,000 square meters, the four-day event draws visitors from 119 countries and regions, of which about 80 percent are Belt and Road Initiative (BRI) partner countries.Continue Reading
Jamlik Mwangi Kariuki, a young Kenyan who once worked on the Mombasa-Nairobi Railway, twice came to China for further studies, receiving training in railway engineering, thanks to the opportunities provided by the railway. Benefiting from the experience, Kariuki and his classmates wrote a letter to President Xi Jinping, expressing theirContinue Reading
