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Tag Archives: Economy

US-Turkey relations enter crisis mode as Trump doubles tariffs

US Turkey

Donald Trump doubles Turkey tariffs ‘against World Trade Organisation rules’ as lira falls by 20% US President Donald Trump imposed higher tariffs on metal imports from Turkey, sending the country’s lira currency to a new record low. Trump doubled the U.S. tariffs on Turkish aluminum and steel imports to 20 percent and 50 percent, respectively. Due to this harsh move, the Turkish ... Read More »

Pakistan to exercise all options to maintain sovereignty, says PM Abbasi

Pakistan to exercise all options to maintain sovereignty, says PM Abbasi

Pakistan won’t initiate nuclear arms race and the nuclear weapons are only for defensive purposes Pakistan’s Prime Minister Shahid Khaqan Abbas during his meetings at World Economic Forum said that we would exercise all options to retain its sovereignty. PM Khaqan Abbasi told that Pakistan faces serious challenges from its two neighbours, particularly India that has aggressive designs in the ... Read More »

Alibaba officials visit Pakistan to explore entry into local e-commerce industry

Chinese e-commerce giant Alibaba expresses interest in investing in Pakistan A delegation of the global technology giant, Ali Baba, is currently visiting Pakistan to discuss plans for investment in Pakistan’s e-commerce sector. Alibaba is a Chinese e-commerce company that provides consumer-to-consumer, business-to-consumer and business-to-business sales services via web portals. It also provides electronic payment services, a shopping search engine and ... Read More »

Pakistan and China vow to boost military cooperation

Pakistan Army chief General Qamar Javed Bajwa meets top leaders in China on his first visit to China

Pakistan Army chief meets top leaders in China on his first visit to China Pakistan and China have vowed to further enhance military cooperation especially in weapons and anti-terrorism sectors, after a meeting between two senior military officers of the two countries in Beijing. General Qamar Javed Bajwa held meetings at Beijing with Mr. Zhang Gaoli Executive Vice Premier, General Fan Changlong ... Read More »

Coca-Cola to invest $200m on 2 new plants in Pakistan

Coca-Cola to invest $200m on 2 new plants in Pakistan

Coca-Cola officials want to set up new factories at Faisalabad and Islamabad. Coca-Cola Company has announced a $200 million  investment in Pakistan as the world’s biggest soft drinks maker company seeks to expand its production and distribution capacity in the country. “Coca-Cola is presently contemplating a further $200 million of green field investment, and expand Coca-Cola’s production and distribution capacity ... Read More »

Iran keen to join CPEC to strenghthen ties with Pakistan and China

Iran Pakistan China

Pakistan, Iran and China alliance would focus on regional connectivity, mutual trade and changing regional and international situations Iran has expressed its willingness to join the China-Pakis­tan Economic Corridor (CPEC) to form a new regional coalition for regional peace and stability. Pakistan, Iran and China alliance would focus on regional connectivity, mutual trade and changing regional and international situations, expressed Alaeddin Boroujerdi, the ... Read More »

Pakistan’s Summit Bank and China’s UnionPay sign accord to boost friendly exchanges

Pakistan's Summit Bank and China's Union sign accord to boost friendly exchanges

UnionPay Card serves as a bridge to boost friendly exchanges between Pakistan and China UnionPay International has announced that it has signed an issuance agreement with Pakistan Summit Bank. Pakistan’s Summit Bank and China’s UnionPay International  have agreed to jointly issue UnionPay cards on a large scale. Now, UnionPay has become the international bankcard brand with the second largest market ... Read More »

Alibaba Group expresses interest in Pakistan’s e-commerce industry

Alibaba Group expresses interest in Pakistan's e-commerce industry

Chairman Alibaba Group Jack Ma expressed his interest in investing in Pakistan’s e-commerce sector. Alibaba group has expressed enthusiasm in Pakistan’s e-commerce sector while accepting Premier’s invitation to visit Pakistan. Founder of the Chinese e-commerce company Alibaba Group Jack Ma said they are willing to sponsor small scale industries in developing countries including Pakistan. Ma added that his company was closely ... Read More »

Pakistan-Turkey Free Trade Agreement negotiations make further progress

Pakistan and Turkey undertook discussions on Agreement on Goods, Agreement on Services and Agreement on Investment ANKARA, (Turkey) –  The fifth (5th) Round of Pakistan-Turkey Free Trade Agreement (FTA) negotiations was held in Ankara on 21-23 December 2016. The Pakistan delegation was headed by Mian Asad Hayauddin, Additional Secretary, Ministry of Commerce and included officials of Ministry of Commerce, Ministry ... Read More »

Pakistan and Turkey relationship enter into new phase

Pakistan, Turkey agree to strengthen further bilateral relation

Both the leaders agreed that the Kashmir issue should be resolved according to UN resolutions and called for enhancing trade, defence cooperation ISLAMABAD – Pakistan and Turkey have reaffirmed commitment to transform their long-lasting and brotherly relationship into a strong strategic partnership. Turkish President Recep Tayyip Erdogan and Pakistani President Mamnoon Hussain agreed on Wednesday to expand cooperation between the two brotherly ... Read More »

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