China urges the United States to earnestly abide by market principles and international trade rules, and create a sound environment for fair competition among enterprises from all countries, a Chinese foreign ministry spokesperson said on Thursday. Spokesperson Mao Ning made the remarks at a daily news briefing when answering a query on reports that US President Joe Biden said China provides su
Elevate, a fintech based in London and Dubai, has secured financing of $5 million to further expand its footprint in South Asia. It has raised a total of $10 million in equity and debt from investors including Y Combinator, Goodwater, Global Founders Capital and VSQ. Since the launch earlier this year, over 50,000 freelancers and remote workers from Pakistan have signed up. Having received a
In an attempt to expand footprint into new sectors of the economy including aviation and corporate farming, renowned businessman Arif Habib has proposed that the government should reinvest the proceeds from the privatisation of Pakistan International Airlines (PIA) back into the national carrier, as the state will continue to hold a 49% stake. Arif Habib Corporation is part of one of the six co
‘STABILISATION’ is the favourite word of mainstream economists. The IMF loves it, and has recently hinted that Pakistan’s economy has ‘stabilised’ enough for it to dole out another three-year handout close to the $6 billion that our finance czars have been craving. I cannot understand what has been stabilised, except if a slight dip in inflation from over 30 per cent to something like 20pc is a
DID anybody else find it strange that the government would postpone the announcement of its own budget in order to schedule a trip to China that, it says, is for garnering investments? A trip with that itinerary could easily have waited till after the budget, especially given that the budget is critical before an IMF deal can be finalised. It’s especially puzzling given the trip took precedence