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Author Archives: Saqlain Naqvi

Pakistan permitted Bank of China to start operations

Pakistan permitted Bank of China to begin operations

State Bank’s permission to Bank of China will enhance the relations between the two countries Pakistan’s State Bank has allowed the Chinese government-owned Bank of China Limited (BoC) to start its banking business after BoC fulfilled all the significant regulatory and operational requirements. According to a statement the State Bank of Pakistan (SBP), Bank of China Limited has been granted ... Read More »

Spain became third largest export market for Pakistani commodities

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Pakistan’s exports to Spain surged to $934.03 million in 2016-17, Commercial Counsellor to Spain Since European Union awarded GSP Plus status to Pakistan, it has boosted the country’s export rate to European countries. Generalised System of Preferences (GSP) status allows Pakistan’s 20 percent exports to enter the EU market at zero tariff and 70 per cent at preferential rates. EU ... Read More »

Pakistan plans to expand ferry service from Karachi to Doha, Dubai and Muscat

Pakistan plans to expand ferry service from Karachi to Doha, Dubai and Muscat

Pakistan recently waived off Gwadar port charges for the next 14 years to make the service competitive The Pakistan National Shipping Corporation (PNSC) is expanding its planned ferry service from Karachi to nearby coastal cities Doha, Dubai, and Muscat The plane about expanding the services was revealed in a set of documents received from the Ministry of Ports and Shipping. ... Read More »

90,000 Rohingya flee Myanmar – Asia’s refugee crisis in the making

90000 Rohingya flee Myanmar - Asia's refugee crisis in the making

Around 90000 Rohingya Muslim refugees arrive in Bangladesh to escape violence A minimum of 90,000 Rohingya have fled to Bangladesh since violence erupted in Myanmar during last ten days. The reports have confirmed that more than 400 people have died in the recent unrest, with campaigners accusing the Burmese military accused of committing crimes against humanity. According to the UN’s refugee ... Read More »

Pakistan is the third largest investors in Dubai’s real estate market

Pakistanis spend $817 million on Dubai property in six months

Pakistanis made transactions worth more than Dh7 billion in Dubai’s real estate market Pakistanis have emerged as the third largest real estate investors in Dubai, according to the report reveals Dubai Land Department (DLD). Pakistani nationals were listed at third number after UAE on the lead and India on second position. Pakistanis made 5,398 real estate transactions pumping about AED7 ... Read More »

Russia has delivered Mi-35m assault Helicopters to Pakistan

Russia has delivered Mi-35m assault Helicopters to Pakistan

Pakistan ordered four the Mi-35Ms August 2015 in a $153 million deal Mil Moscow Helicopter Plant, Russia has delivered four multirole Mi-35M attack helicopters to Pakistan, Mi-35. According to Quwa Defence News & Analysis Group, Pakistan’s Defence Export Promotion Organization (DEPO) has confirmed that Pakistan has received four Mil Mi-35M assault helicopters from Russian Helicopters. The statement was issued by ... Read More »

Arsenic poisoning in drinking water threatens 60 million in Pakistan

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Drinking arsenic water increases skin disorders, lung cancer, abnormal heart rhythms and even death A comprehensive research study reveals that the Levels of arsenic in the groundwater of eastern Pakistan are “alarmingly high”. Arsenic in drinking water threatens up to 60 million in Pakistan, which might affect a significant health of people who drink the water, researchers said Wednesday. The study ... Read More »

Pakistan’s IT Exports touches $1 billion for financial year 2016-17

Pakistan’s IT Exports touches $1 billion for financial year 2016-17

Exports of ICT services largely delivered to USA, Middle East and African countries Pakistan’s IT industry has come a long way and today is the fastest growing export sector of Pakistan. Pakistan’s export of Information Technology has projected country’s IT industry exports at all-time high for the outgoing financial year of 2016-17. According to State Bank of Pakistan, Pakistan has ... Read More »

Pakistan-Turkey Business Opportunities Conference held in Istanbul

Pakistan-Turkey Business Opportunities Conference held in Istanbul

Over 700 businessmen from Pakistan and representatives of over 150 Turkish companies attended the conference by RCCI ISTANBUL – Many leading businessmen of Pakistan and Turkey participated in the “Pakistan-Turkey Business Opportunities Conference” organized by the Rawalpindi Chamber of Commerce & Industry (RCCI) in collaboration with All Industrialists & Businessmen Association of Turkey (TUMSIAD) in Istanbul. Over 700 businessmen from ... Read More »

Xiaomi becomes the world’s largest Smartphone Manufacturer

Xiaomi becomes the world's largest Smartphone Manufacturer

Xiaomi managed to beat its tech-rivals such as Apple and Fitbit Chinese smartphone maker Xiaomi after suffering bruising setbacks has gained momentum to increase its growth. In the second quarter of 2017, Xiaomi ranks world’s top five smartphone brands by shipment, according to latest data from industry consultancies Canalys, IDC and Strategy Analytics. Xiaomi may have become one of the ... Read More »

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