Islamabad may also begin talks on re-profiling Pakistan’s energy sector debt during the visit to Beijing, Awais Leghari, head of the energy ministry’s Power Division, told Reuters. Leghari will be part of the delegation to discuss structural reforms to the power sector suggested by the International Monetary Fund (IMF), which last week agreed on a […]
Brent crude prices fell by 38 cents, or 0.5%, to $84.73 a barrel by 0035 GMT. U.S. West Texas Intermediate crude futures fell 50 cents, or 0.6%, to $82.32 a barrel. Every week, Brent crude was down 0.3% while WTI was trading marginally higher after slipping as much as 0.2% on Friday. The U.S. dollar […]
The world’s second-largest economy is grappling with a real estate debt crisis, weakening consumption, and an ageing population. Trade tensions with the United States and the European Union, which have sought to limit Beijing’s access to sensitive technology, are also dragging growth down. And on Monday, official statistics showed the economy grew by only 4.7 […]
The Chinese electric vehicle giant signed a billion-dollar deal with Ankara on Monday to open a plant in western Turkey, promising to create 5,000 jobs, a move that will help it dodge new EU tariffs. The country, at the crossroads between Europe, the Middle East, and Central Asia, is in talks with other Chinese companies, […]
“The Ministry of Commerce will conduct a trade and investment barrier investigation into the relevant practices adopted by the EU in its investigation of Chinese enterprises,” the ministry said in a note on its website. It said it had decided to launch the probe following a complaint made by the National Chamber of Commerce for […]
State news agency Xinhua said the breach occurred on Friday afternoon in part of an embankment on the shore of Dongting Lake in central China’s Hunan province. No casualties were immediately reported but the 226-metre (740-foot) breach forced nearly 6,000 people to evacuate from nearby areas, according to state broadcaster CCTV. It published footage showing […]
The two officials discussed Pakistan-China relations, security matters, and China’s support for Pakistani law enforcement agencies. During the meeting, the Chinese minister praised the establishment of the Special Protection Unit (SPU) in Islamabad, to safeguard foreigners, particularly Chinese citizens. He assured full cooperation in enhancing the training and capabilities of Pakistani law enforcement agencies. Expressing […]
The Official Creditor Committee (OCC), led by Japan, France, and India, has requested details of Colombo’s other debt deals, a statement seen by AFP on Thursday read. The grouping agreed in Paris on Wednesday to restructure $5.8 billion in loans. But on the same day, Colombo struck another deal with the Exim Bank of China […]
China is pushing for Visa and Mastercard to lower their bank card transaction fees in the country, as part of an effort to facilitate payments for foreign visitors, Bloomberg News reported, citing a person familiar with the matter. The Payment & Clearing Association of China is negotiating with global card issuers including Visa and Mastercard […]
In response to media queries regarding the statement made by the Indian Ministry of External Affairs on June 3, the Foreign Office Spokesperson in a press statement said that the Kashmir dispute has been on the agenda of the UN Security Council for over seven decades. The relevant Security Council resolutions stipulate that the final […]
