China’s Foreign Minister Qin Gang on Tuesday reiterated that the Belt and Road Initiative (BRI) was a high-quality public good initiated by Beijing, “built by the parties involved, and shared by the world”, with over three-quarters of countries across the globe and 32 international organisations having joined it already. In his first appearance after assuming the office three months ago, Qin ad
The coalition government has managed to add a net Rs7.2 trillion to the debt pile in only the first seven months of this fiscal year – an average of Rs34 billion per day. The accumulation of debt is now nearly three times more than the gap between federal income and expenditures. The State Bank of Pakistan (SBP) on Tuesday released the central government’s debt bulletin until January 2023, show
In a move to promote strategic cooperation between China and Pakistan in industry-university research on modern agriculture, documents of understanding (DoU) were signed by the National University of Sciences and Technology (NUST), Weifang Engineering Vocational College, Qingzhou Municipal Government and Weifang National Comprehensive Pilot Agriculture Zone at Weifang last week. The four sides
The Pakistan Software Export Board (PSEB), in collaboration with the Pakistan Embassy in Copenhagen, has organised the visit of an IT Trade Delegation to Denmark and Sweden from March 6 to March 10, 2023. The delegation comprises of 25 of Pakistan’s top IT companies from various domains, including artificial intelligence (AI), internet of things (IoT), blockchain, cybersecurity, digital marketi
Pakistan’s long steel sector is bracing itself for a potential shortage of raw material in anticipation of steel scrap prices hitting a record high. A move that poses a significant threat to the industry’s operations and profitability. With Letters of Credit (LCs) not being opened, domestic scrap shortage is compounding and is hitting manufacturers drastically, said Syed Wajid Bukhari, Secretar