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Pakistan, China agreement on industrial cooperation a breakthrough: Dawood

Advisor for Commerce and Investment Abdul Razak Dawood on Wednesday termed the signing of the Framework Agreement on Industrial Cooperation between Pakistan and China "a breakthrough" for the multi-billion-dollar China-Pakistan Economic Corridor (CPEC), which has entered into its second phase.

Pakistan and China on Friday inked the Framework Agreement on Industrial Cooperation under the CPEC following Prime Minister Imran Khan's arrival in Beijing.

China, Pakistan ink new CPEC agreement

Imran Khan in Beijing describes CPEC as project of “strategic significance”

China and Pakistan on Friday signed a new agreement on industrial cooperation as part of the China Pakistan Economic Corridor (CPEC) plan during Prime Minister Imran Khan’s on-going visit to Beijing.

The agreement on Friday followed Mr. Khan’s meeting with He Lifeng, Chairman of China’s National Development and Reform Commission (NDRC).

SBP launches initiative to boost remittances

KARACHI: For boosting the flow of home remittances through formal channels and improving foreign exchange liquidity in the interbank market, the State Bank of Pakistan (SBP) on Friday unveiled an incentives scheme for the exchange companies (ECs).

“Under the scheme, ECs will be required to surrender 100pc of the home remittances mobilised in the interbank market, and in return, they will receive Re1 against each US dollar surrendered,” said the SBP.