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Economy

US$ I Billion Non-convertible Bond to Be Issued for Expatriates, Pakistan Announced Budget 2017-18

26/05/2017
Islamabad 26 May 2017 (APP) Finance minister Ishaq Dar Friday, lauding the contributions made by expatriate Pakistanis, announced that the government wanted them to invest in the national infrastructure and in that connection, US$ 1 billion non-convertible bond would be issued. The proposed bond would be floated through establishment of Pakistan Development Fund, he said....

PHL Bags PHP 44 Billion Business to Business Deals in Russia, 200 Filipino Businessmen Accompanying President Duterte

25/05/2017
Moscow 25 May 2017 (PNA) Philippine business delegations here were able to bag around USD 875 million (appx. PHP 44 billion) worth of business-to-business (B2B) deals, Trade Secretary Ramon Lopez said Thursday. “A number would be in the areas of iron and steel, transport, agri-business, multi-purpose vehicles, power, energy, property development, transport and construction,” Lopez...

Doha Bank Felicitates Long-Serving Employees

20/05/2017
Doha 20 May 2017 Doha Bank, one of the largest commercial banks in Qatar, recently hosted its annual Long-Service Awards at its Head Office in West Bay. The awards recognized Doha Bank employees who had reached service milestones of 10, 15, 20, 25 or 35 years. Addressing the honorees during the ceremony, Sheikh Abdul Rahman...

Trump Inks Defense, Investment Deals with Saudi King Salman

20/05/2017
May 20, 2017 The Washington Times President Trump and King Salman signed a series of agreements Saturday that cement ties between their two countries, including a nearly $110 billion deal to sell U.S. arms to Saudi Arabia. The deal for defense equipment and services are aimed at helping Saudi Arabia and the Gulf region fend...

Xi Calls for Healthy, Stable Development of China-Philippines Ties

16/05/2017
Beijing 15 May 2017 (Xinhua) President Xi Jinping on Monday called on China and the Philippines to step up communication on major issues concerning bilateral ties, in order to lead their relations toward healthy and stable development. In his meeting with Philippine President Rodrigo Duterte, Xi said the Philippines is a friendly neighbor of China...

China-Pakistan Plan to Modernize Vital Railway Link

16/05/2017
Beijing 15 May 2017 (China Daily) China and Pakistan have agreed to jointly upgrade the 1,600-kilometer railway linking Southern and Northern Pakistan as part of a move to push forward construction of the China-Pakistan Economic Corridor (CPEC). “China and Pakistan have signed memorandums of understanding to increase the speed of the railway connecting Karachi and...

Pakistan Signs MoU with Alibaba to Promote Exports Through e-Commerce

16/05/2017
Hangzhou 16 May 2017 (APP) Pakistan signed today a Memorandum of Understanding (MOU) with Alibaba Group Holdings Limited to promote country’s worldwide exports by Small and Medium Enterprises through e-commerce. The agreement between Alibaba and Trade Development Authority of Pakistan was signed by Commerce Minister Khurram Dastgir and Michael Evans, President of Alibaba Group, and...

Economic Factor " Most Significant for Commitment to Convention on Climate Change"

14/05/2017
Doha 14 May 2017 (QNA) Dr. Mohammed bin Saleh Al-Sada, Minister of Energy and Industry has underlined that the economic factor as most significant for commitment of countries to the Convention on Climate Change. Speaking in the second plenary session of the 17th Doha Forum under the theme 'Global Trends & Challenges for Economic Development...
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