SHANGHAI, Nov. 27 (INP): “The next decade of China-Pakistan Economic Corridor (CPEC) presents a unique opportunity for China and Pakistan to further deepen their economic partnership. Information and Communication Technology (ICT) and green energy, in particular, offer tremendous growth prospects, not only in terms of economic returns but also environmental sustainability and technological advancement,” stated Hussain Haider, Pakistani Consul General …

ISLAMABAD, Nov. 27 (INP):  Pak-China sugarcane cooperation edges ahead for bright future despite challenges, according to a report published by Gwadar Pro on Monday. The surge in sugar prices in Pakistan reflects a series of deep-rooted elements. Key factors contributing to this situation includes the increase in sugarcane production costs manipulation by domestic sugar “mafia” and a flawed subsidy system. Moreover, our …

ISLAMABAD, Dec. 15 (INP-WealthPK): Following Pakistan’s disastrous floods this year, a $554 million finance package, comprising new and reallocated money, has been approved to aid with recovery and reconstruction works as well as to increase the country’s resilience to natural disasters and climate change. The funding, which comes in the form of a $475 million loan and a $3 million …

ISLAMABAD, Dec. 15 (INP-WealthPK)— Chief Minister (CM) of the Sindh province Syed Murad Ali Shah and the USIAD Pakistan Mission Director, Reed Aeschliman, decided to launch a Green Cooperation program for the rehabilitation of flood-affected farmers. The Green Cooperation program will see the government of Sindh collaborating with the USAID Pakistan to help the farmers revive their livelihoods, in addition …

ISLAMABAD, Dec. 15 (INP-WealthPK) — The import of pharmaceuticals fell by 66.70% during the first four months of the current fiscal year (2022-23) in comparison to the same period last year. According to the Pakistan Bureau of Statistics, Pakistan imported medicines worth $447.701 million from July to October (2022-23) as opposed to $1434.613 million from July to October (2021-22). The …

ISLAMABAD, Dec. 15  (INP-WealthPK)—President of the Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI), Moazzam Ghurki has suggested the establishment of a cultural corridor between the two countries through the setting up of a Pakistan-China Cultural Exchange Programme. He said that cultural cooperation between the two countries was essential for the success of China’s Belt and Road Initiative (BRI) and …

ISLAMABAD, Dec. 15 (INP-WealthPK)—Pakistan can generate a lot of clean and cheap energy by using solar photovoltaic technology to overcome the prevailing energy crisis, WealthPK reports. According to experts, implementing on-site grid-tied, micro-generation, or net-metering solar solutions is critical for improving the country’s energy generation. The use of solar photovoltaic technology will enable the country to provide cheap and clean …

ISLAMABAD, Dec. 15 (INP-WealthPK)—Pakistan urgently needs international assistance to stabilise its foreign exchange reserves, which have touched the lowest level after the year 2019, WealthPK reports. The foreign exchange reserves of Pakistan are declining with each passing day and are at the lowest level after 2019. Dr Jalil Malik, a finance expert at Quaid-i-Azam University Islamabad, told WealthPK that Pakistan’s …

ISLAMABAD, Dec 15 (INP-WealthPK) – National Assembly Speaker Raja Pervez Ashraf has said that Pakistan’s “Vision Central Asia” strategy aspires to develop long-lasting and result-oriented engagement with Central Asian countries. Talking to Chairman, Mazhilis of Parliament of Kazakhstan, Yerlan Koshanov, he said that Pakistan is actively pursuing increased cooperation with the Central Asian countries, notably Kazakhstan, on all issues of …

ISLAMABAD, Dec 15 (INP-WealthPK) – Lack of awareness about financial literacy is the leading cause of poor financial decision-making that’s stressing the Pakistani economy, reports WealthPK. Financial literacy is the education and understanding of how the money is made, spent and saved as well as the skills and ability to use the financial resources to make decisions. The State Bank of …