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Home Business (page 18)

Business

Chinese economy keeps the upward momentum: Report 

By Editor Economic Watch
in :  Business
22 May 2023

  Islamabad, May 20 (INP): China’s remarkable economic revival continues to gather momentum, as evidenced by official data released here, according to a report carried by Gwadar Pro on Saturday. As per the report, domestic consumption, industrial production, and fixed asset investment in the country all exhibit a strong upward trend in the first four months of this year. Notably, …


China, Pakistan to set up apiculture cooperation 

By Editor Economic Watch
in :  Business
22 May 2023

  BEIJING, May 21 (INP):  China and Pakistan have decided to set up apiculture cooperation arrangements, China Economic Net (CEN) reported on Sunday. China-Pakistan Apiculture Forum was held at Changsha two days ahead of the World Bee Day which falls on Saturday. The forum is also a core part of the Training Course on Beekeeping and Honey Processing Technology for …


Chinese chilli enterprise to expand chilli farming in Pakistan

By Editor Economic Watch
in :  Business
19 May 2023

  ISLAMABAD,  May 19: The Sichuan-based LTEC Int’l Agricultural Development Co. plans to expand chilli farming in Pakistan to 50,000 acres with a target output of 150,000 tons in 2024. According to an update issued by LTEC Pakistan, this was disclosed by Puji Holdings Chairman Chen Changwei while briefing Pakistani Ambassador to China Moin ul Haque during his visit to …


Chinese technology upgrading Pakistan’s agri industry: Moin ul Haque 

By Editor Economic Watch
in :  Business
18 May 2023

  CHENGDU, May 18 (INP):  “Agricultural projects under China Pakistan Economic Corridor have a positive impact on improving local agricultural technology and upgrading Pakistan’s agricultural industry,” said Moin ul Haque, while visiting hetr the headquarter of Pak-China red chili project, Sichuan Province in China According to Chen Changwei, chairman of Sichuan Litong Food Company, which has brought its chili cultivation experience and management techniques to Pakistan, Pakistan has a great potential to export dried chilli to China with the trade preferences between the two countries. According to Gwadar Pro, the 15,000 acres of chili planted in South Punjab in 2023 have already been picked, with 10,000 tonnes of dried peppers expected to be harvested in the second half of 2023. After 3 years of demonstration planting, a growing number of farmers are seeing the quality and economic benefits of chili. The success of the demonstration base for chili cultivation is attracting more attention from local small and medium-sized farmers through surveys, trial planting, small-scale planting and large-scale planting. The ambassador also visited the production and R&D center of Pixian Douban, a major bean paste production base of Litong. Pixian Douban, made of Sichuan red chili, is an intangible cultural heritage of China. Chen expressed his willingness to extend the industrial chain to Pakistan. Chen added that the company has invested in a preliminary chili processing plant in Pakistan to facilitate the cultivation, promotion and trade of agricultural products such as sorghum, sesame and peanuts, so that more Pakistani agricultural products can be involved in the global supply chain.


More exports from Pakistan boosts confidence of Chinese enterprises: Pak Envoy

By Editor Economic Watch
in :  Business
18 May 2023

  Chengdu,  May 17 (INP): More exports from Pakistan will boost confidence of Chinese enterprises, said Moin ul Haque, Pakistani Ambassador to China during his meeting with traders and businessmen from 50 enterprises in Sichuan and Chongqing area here at the China-Pakistan Economic and Cultural Exchange Incubation Center. “We will soon set up a platform between Sichuan and Punjab to connect the …


POWERCHINA provides permanent jobs to young Pakistani engineers 

By Editor Economic Watch
in :  Business
12 May 2023

  ISLAMABAD, May 12 (INP): POWERCHINA, the contractor of Diamer Basha Dam Project (DBDP) not only offers internship opportunities to local youth but also provides permanent jobs to meritorious students who successfully complete their internships at the site. Recently, according to Gwadar Pro on Friday, out of six who completed their internship at DBDP obtained permanent jobs with POWERCHINA. The …


Pakistani Men’s garments export to China increases 29% in Q1 of 2023

By Editor Economic Watch
in :  Business
9 May 2023

  BEIJING, May.9 (INP): Pakistani Men’s garments export to China increases 29% in first quarter of 2023, China Economic Net (CEN) reported on Tuesday. According to Ghulam Qadir, the Commercial Counsellor of the Pakistan Embassy in Beijing, the Pakistani men’s garment export to China experienced a significant growth of 29% in the first quarter of 2023. This growth can be attributed …


China registers record surge in holiday spending: Report 

By Editor Economic Watch
in :  Business
5 May 2023

  BEIJING,  May 5 (INP): China has registered record surge in holiday spending which is being considered as positive omen for the Chinese economy, says a report published by China Economic Net (CEN) on Friday. The recent surge in domestic travel by Chinese tourists during the May Day holiday period is definitely a promising sign for the country’s economy. According to the …


Canton Fair: Pakistani entrepreneurs bridging trade relations with the World

By Editor Economic Watch
in :  Business
5 May 2023

  BEIJING, May 5 (INP): Canton Fair paves the way bridging trade relations of Pakistani entrepreneurs with China and the rest world, according to a report published by China Economic Net (CEN) on Friday. “When I heard that there will be an international booth here and a lot of international visitors will be participating, I feel like it’s a must to …


Gwadar port proves international worth, handles all 9 wheat ships

By Editor Economic Watch
in :  Business
5 May 2023

  ISLAMABAD May 5 (INP): Proving its international worth, operational competence and high-tech capability, Gwadar Port has meticulously received and administered all successive nine ships loaded with 450,000 metric tons of imported Russian wheat. Transshipment at Gwadar port is part of strenuous effort to ward off Pakistan from a wheat shortage and food crisis, according to a report published by …


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