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Chinese Ambassador to Pakistan Yao Jing on Wednesday said that his country is only charging 2-2.5 percent on government-to-government loans with a repayment term that goes into a long tenor. Talking to Sherry Rehman, PPP''s parliamentary leader, at her chamber in about Rehman''s concerns on Pakistan''s indebtedness to China, he said that sovereign guarantees are only required on government projects and currently there are 21 ongoing projects worth $19 billion.

ISLAMABAD: The government has allocated Rs 100 million in Public Sector Development Programme (PSDP) 2019-20 for one on- going scheme of the Board of Investment (BOI) for the industrial promotion and Investment in the country.

According to the details, the government has allocated Rs. 100 million for establishment of Project Management Unit (PMU) on China Pakistan Economic Corridor – Industrial Cooperation Development Project (CPEC-ICDP)  in PSDP 2019-20 for industrial cooperation between Pakistan and China.

LONDON: The Pakistan Tehreek-e-Insaf (PTI) government was committed to fully protecting and facilitating the overseas Pakistanis and other foreign investors in order to attract huge investment for the prosperity of the country, said Special Assistant to Prime Minister on Overseas Pakistanis Zulfi Bukhari.

LAHORE   -   OPPO has unveiled its new brand identity by announcing the launch of its power packed Reno series in Pakistan. Here is the interview of Ali Kakvi, Marketing Director, Oppo Pakistan.

READ MORE: UK's May hopes Trump’s visit to UK to strengthen bilateral cooperation

Q: Can you briefly shed light on the new OPPO logo and re-identification?

ISLAMABAD: Pakistan’s garments, knitwear, cement, food and footwear exports increased in term of quantity, however, due to the global decline in prices, exports in dollar term could not go up and remained stagnant at the previous year’s level.

Advisor to Prime Minister on Commerce, Industries and Textile Abdul Razak Dawood said this while addressing a press conference flanked by Special Assistant to Prime Minister on Information Dr Firdos Ashiq Awan on Thursday.

Rawalpindi - Pakistan offers great opportunities for joint ventures in different sectors like ‘halal’ foods, information technology, poultry, pharmaceutical and gems and jewellery.

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet Thursday approved the proposal of Finance Division, authorizing the government to issue sovereign guarantee amounting to Rs20 billion for investment in National Investment Trust (NIT)-State Enterprise Fund.

The step has been taken to stabilize the stock market of the country, said a press statement issued by the Finance Minister after ECC meeting which was chaired by Adviser to Prime Minister on Finance, Revenue and Economic Affairs, Dr. Abdul Hafeez Shaikh.

The rupee gained some strength in the money market as the value of the US dollar on Thursday further decreased by Rs1.70 in the interbank market.

The greenback settled down at Rs 148.70 in the interbank market. The decline also dictated the open market, forcing the dollar to shed its value by Re0.50 to Rs149.50.

KARACHI: The second unit of the 660-megawatt China Power Hub Generation Company (CPHGC) coal-fired power plant was synchronised with the national grid on May 28, 2019 as per schedule.

Described as an important milestone in commercial operations, the development comes exactly five months after the day when the first unit of the project was synchronised.

KARACHI: The auto market will witness the launch of a new entrant in the under 1,000cc category –Prince Pearl 800cc – a Chinese-assembled car in September this year.

Regal Automobile Industries Limited (RAIL) will start local assembly of Prince Pearl 800cc from August at its Lahore plant under a technical collaboration agreement with a Chinese manufacturer.

The vehicle will make inroads following the launch of Suzuki Alto 660cc car in April and a month before KIA Picanto in October.