Libya to become the main source of crude for Italy and Europe within 5 years: Oil Ministry
Islamabad: The Ministry’s Media Office said it expected Libya’s oil production to increase within five years at a sufficient level,...
Business
China’s Transition From the Belt and Road to the Global Development Initiative
Even as China’s Belt and Road Initiative gears up to celebrate its 10th anniversary, the new Global Development Initiative (GDI)....
Foxconn: Apple supplier drops out of $20bn India factory plan
Islamabad: Apple supplier Foxconn has pulled out of a $19.5bn (£15.2bn) deal with Indian mining giant Vedanta to build a...
EU to drop ban of hazardous chemicals after industry pressure
Islamabad: The European Commission is poised to break a promise to outlaw all but the most essential of Europe’s hazardous...
Sindh to start work on new special economic zone under CPEC on July 15
SEZ to provide environment for investors for setting up new industrial units Karachi: The Sindh government has announced that work...
IMF approves Pakistan’s US$ 8.2 bln financing gap plan
Islamabad: The International Monetary Fund (IMF) has accepted US$ 8.2 billion financing gap plan presented by the Ministry of Finance,...
Indus Motors to become Pakistan’s first automaker to export to Egypt this month
Karachi: In a major development for Pakistan’s automobile industry, Indus Motor Company (IMC) has signed an agreement with Toyota Egypt...
Italy asks for target revisions to get new tranche of EU funds
Rome: The Italian government on Tuesday requested a change in the targets needed to obtain a fourth tranche of the...
China has a new foreign relations law. Here’s what it means for business
Beijing: For foreign businesses in China, geopolitics hold more sway than new Chinese laws, according to analysts. National security is...
China’s Multilateral Trade With Iran, Situation and 2023/24 Prospects
By Farzad Ramezani Bonesh The history of trade relations between Iran and China goes back to the first contact between...
UK retailers report sizzling sales in hot June weather
Britain’s retailers recorded a sharp rise in spending in June as hot weather prompted consumers to buy summer clothing and...
New Zealand signs free trade agreement with EU
New Zealand and the European Union have signed a ground-breaking Free Trade Agreement (FTA) that will provide “significant new trade...
Sindh govt resumes electric bus service after replacing faulty charging system
Operation of 15 buses remained suspended for two months after chargers developed fault New fleet of diesel buses to reach...
Peshawar’s business community hails direct flight to Kazakhstan
Peshawar: Business community welcomed the launching of a direct flight between Pakistan and Kazakhstan and hoped that the initiative would...
EU considers extending Pakistan’s GSP+ status for another four years — envoy
Islamabad: The European Union (EU) has proposed extending Pakistan’s Generalized Scheme of Preferences Plus (GSP+) status by another four years,...
French envoy promises help for Pak textile pacts with EU nations
The French envoy says Pakistan first country to benefit from GSP-Plus scheme Islamabad: French Ambassador Nicolas Galey said on Saturday...
‘Just so needy.’ Brexit strained the UK-US relationship – but officials say it’s now back on track
Luke McGee Islamabad: When US President Joe Biden lands in London next week, his British counterpart, Prime Minister Rishi Sunak,...
Global economic order undergoing a major shift?
Islamabad: The global order is shifting. For better or for worse, the status quo powers (the USA and the West)...
Italy lifts its 10-year ban on Libyan civil aviation over Italian airspace
Italian Prime Minister Giorgia Meloni informed her Libyan counterpart Abdulhamid al-Dbeibah on Sunday that Italy has lifted its 10-year ban...
Pakistani brands attract visitors at China fair
Islamabad - Carpets, shawls, high-end jade handicrafts… A wide array of made-in-Pakistan products attracted visitors at the 19th Western China...
PM hopes MoU between Pakistan, Switzerland to help promote cooperation in field of natural disasters management
Islamabad: Prime Minister Muhammad Shehbaz Sharif on Saturday termed the signing of a Memorandum of Understanding (MoU) between Pakistan and...
Italy to grant work permits to 425k non-EU workers
Prime Minister Georgia Meloni’s Right-wing coalition has been forced to take action after complaints of labour shortages Italian Premier Giorgia...
EU attracted nearly $100B investment in semiconductor industry: EU Commission chief
European Chips Act brings new opportunities, reduces dependency on East Asia, says Ursula von der Leyen Brussels: The European Union...
EU-U.S. Task Force on Energy Security reviews the progress on energy security situation
Islamabad: The EU-U.S. Task Force on Energy Security met virtually on 6 July 2023 to discuss the implementation of the...
PPP to Support IMF Deal in ‘Larger National Interest’
Islamabad: The Pakistan People’s Party (PPP) has expressed its willingness to support the International Monetary Fund (IMF) program citing larger...
FPCCI, business bodies welcome direct link with Kazakhstan
Islamabad: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and other business bodies on Friday welcomed commencing of...
CPEC attracted $25.4b in 10 years: Beijing
Islamabad: Beijing revealed on Thursday that the China-Pakistan Economic Corridor (CPEC) attracted $25.4 billion in direct investment in the 10...
Why the UK is still an attractive place to invest
Islamabad: According to EY’s latest 'UK Attractiveness Survey', total foreign direct investment (FDI) projects into the UK fell by 6.4...
Pakistan to launch first central bank digital currency pilot within two months — official
Karachi: Pakistan’s central bank is all set to launch the pilot of the country’s first digital currency within two months...
EU to seek 16 billion cubic meters in second joint gas-buying round
Brussels: Companies have registered demand for nearly 16 billion cubic metres (bcm) of gas in the European Union's second round...
