Pakistan’s terms of trade, which measure the ratio of export to import prices, have not only been adverse, but have also deteriorated over the years, which has adversely impacted the economy in terms of growth and balance of payments. If an economy’s terms of trade are less than 100%, they are regarded as adverse. This [...]
It is the early 2000 at the Saindak Copper Gold Project. I am with a Chinese friend and we are enjoying the setting sunset behind the lofty western mountain ranges bordering Pakistan and Iran. The fascinating façade of the mountains darkens as the sun turns into a speck vanishing into the horizon. Our topic today [...]
The last century saw the transformation of China as it took a giant leap. It turned from a poverty-stricken to a fast developing country because of persistent efforts by the nation. China entered the 21st century with the status of a rapidly growing developing country. It maintained double-digit GDP growth for years and continued to [...]
The Drug Regulatory Authority of Pakistan (Drap) has assured the pharma industry that in order to further facilitate exports, the authority will establish a separate desk where all concerns of exporters regarding issuance of necessary documentation will be addressed. Pharma exports are currently earning $230 million with potential to expand up to $2billion. A meeting [...]
Pakistan is one of the best countries around the globe and the picture being painted about it has nothing to do with reality, said Italian businessman Massimiliano Pasqualini. Addressing a gathering at the Lahore Chamber of Commerce and Industry (LCCI), he said Pakistan has a bright future and is the best destination for doing business. [...]
The amount of direct foreign investment in the services sector of Pakistan raised to $ 1.3 billion during last year. According to the Asian Economics Anti-Corruption Report of Asian Development Bank, Pakistan is currently the 10th biggest country in Asia in terms of direct foreign investment, Radio Pakistan reported. In March last year, Pakistan was ranked among [...]
The Senate Standing Committee on Finance, Revenue, and Economic Affairs was informed on Tuesday that devaluation of Pak rupee would help boosting the country’s foreign exchange reserves with the increase in country’s exports and foreign remittances, and decline in imports, and current account deficit. “Although positive consequence have started surfacing due to the devaluation of [...]
BEIJING: The China International Import Expo (CIIE), starting from November 5 in Shanghai, will open the country's market further to the world as many exporters, including those from Pakistan, plan to take advantage of this unique opportunity. A look at China's market reveals that it is the world's biggest destination for agricultural products including grains, [...]
Chinese President, Xi Jinping will visit pavilion being set up by Pakistan at the China International Import Expo (CIIE) which is scheduled to be held in Shanghai from November 5 to 10. “Pakistan, a country of honor, is setting up its pavilion to display its products and it is hoped that President Xi Jinping will [...]
KARACHI: In the first two months of the current fiscal, the country’s export stood at $3.663 billion, up by 5.05 percent compared to the same period last year, while it enhanced by 22.54 percent compared to July 2018 while 8.8 percent compared to August 2017, the data of Pakistan Bureau of Statistic (PBS) said here on Tuesday. [...]
