China
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PM Shehbaz all praise for China for financial help during ‘tough times’
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[ad_1] Prime Minister Shehbaz Sharif is addressing PM’s National Innovation Awards ceremony in Islamabad on June 19, Monday. — PID Prime Minister Shehbaz Sharif has praised China for supporting Pakistan during tough economic times while emphasizing the need for getting “rid of foreign loans” to become self-sufficient. Addressing the PM’s National Innovation Awards ceremony in…
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China refinances $1 billion Pakistan loan
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[ad_1] The picture shows $100 notes. — AFP/File In a positive development, China on Friday rolled over a $1 billion loan to Pakistan shoring up the State Bank of Pakistan-held (SBP) foreign exchange reserves. The development came hours after Finance Minister Ishaq Dar informed the National Assembly’s Standing Committee on Finance and Revenue that China would be…
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Ishaq Dar for further enhancing economic ties with China
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[ad_1] Pang Chunxue, Charge’d Affairs at the Chinese embassy, calls on Finance Minister Ishaq Dar on June 12, 2023. — PID ISLAMABAD: Finance Minister Ishaq Dar on Monday stressed the need to further deepen bilateral relations with China with special focus on economy, trade and financial sectors. He made the remarks while talking to Pang…
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Seafood container from Pakistan reaches China | The Express Tribune
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[ad_1] BEIJING: In a significant development, a truck laden with cold chain containers carrying seafood from Pakistan has successfully reached Kashgar city in China’s Xinjiang Uygur Autonomous Region, traversing the cross border land route. This groundbreaking achievement marks the first-ever transportation of seafood containers from Pakistan to Kashgar city via the CPEC, according to a…
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Men’s garments export to China rises 29% in Q1 | The Express Tribune
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[ad_1] BEIJING: Pakistani men’s garment exports to China showed a significant growth of 29% in the first quarter of 2023. “This growth can be attributed to Pakistan’s strong manufacturing capability and high quality of its garments,” said Ghulam Qadir, Commercial Counsellor of Pakistan Embassy in Beijing, on Tuesday. “In the first three months of 2023,…
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Pakistan to get $300m from China today, Ishaq Dar confirms
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[ad_1] Finance Minister Ishaq Dar speaks during a press conference in Islamabad on February 10, 2023. — AFP Finance and Revenue Minister Ishaq Dar on Friday announced that Pakistan will receive $300 million from the Industrial and Commercial Bank of China (ICBC) today which will “shore up forex reserves”. “Out of Chinese Bank’s ICBC approved…
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China rolls over $2b loan to Pakistan | The Express Tribune
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[ad_1] ISLAMABAD: Pakistani Finance Minister Ishaq Dar said on Friday that China had rolled over a $2 billion loan that matured last week, providing relief during the nation’s acute balance of payment crisis. Locking in a rollover had been critical for Pakistan, where reserves have dipped to just four weeks’ worth of imports and talks…
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Pakistan, China scientists to combat citrus diseases | The Express Tribune
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[ad_1] BEIJING: Chinese and Pakistani scientists are collaborating to develop biological control measures to enhance the quality and quantity of citrus fruit in Pakistan. A research centre was launched by the two countries in 2018 to jointly explore green and sustainable solutions to the growing prevalence of citrus diseases across the South Asian nation. Speaking…
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China rolls over $2b in SAFE deposits | The Express Tribune
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[ad_1] ISLAMABAD: China has granted Pakistan a rollover of $2 billion in State Administration of Foreign Exchange (SAFE) deposits for a period of one year — helping the country in meeting one of the requirements set by the International Monetary Fund (IMF) for it to meet its external financing needs and move towards a staff-level…
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Pakistan, China sign agri-cooperation DoU | The Express Tribune
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[ad_1] ISLAMABAD: 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…
