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China to Fully Exploit Khunjrab-Sost-Kashgar Border Market Potential

By Editor Economic Watch
August 21, 2023
in :  Latest

XINJIANG, China: Secretary of the Communist Party of China, Xinjiang Uyghur Autonomous Regional Committee, Ma Xingrui reaffirmed his government’s firm determination to fully exploit the potential of the Khunjrab-Sost-Kashgar border market. He was speaking to a Pakistani delegation comprising former federal minister Ahsan Iqbal, Senator Mahmood-ul-Hassan and officials of the Pakistani embassy, in Urumqi. The meeting was also attended by …

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Punjab districts reel under severe Sutlej flood effects despite slight dip in level

By Editor Economic Watch
August 21, 2023
in :  Latest

  KASUR: Despite a slight reduction in the River Sutlej water levels on Sunday, an extremely high-level flood continued to devastate villages in Kasur and Chunian. As per the district administration’s report, the flood has impacted 186 villages so far—96 in Kasur and 84 in Chunian. The downstream water flow of the Sutlej at Ganda Singh registered 208,973 cusecs on …

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Pakistan mango festival kicks off in Urumqi, China

By Editor Economic Watch
August 21, 2023
in :  Latest

  BEIJING, Aug 18 (INP): A five-day Pakistani Mango Festival commenced at the China-Eurasia Commodity and Trade Expo in Urumqi, the capital city of the Xinjiang Autonomous Region of China. Ghulam Qadir, the Commercial Counselor at the Pakistan Embassy in Beijing, remarked that Pakistani mangoes hold a special place in Pakistan’s agricultural landscape and cultural fabric. They are renowned for …

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Oil set to snap 7-week winning streak on Fed rate outlook, China woes

By Editor Economic Watch
August 18, 2023
in :  Latest

SINGAPORE: Oil prices looked set to snap a seven-week winning streak on Friday as concerns about China’s slowing economic growth and the possibility of more US interest rate hikes outweighed signs of tightening supply. Major benchmarks were slightly higher on Friday, with US West Texas Intermediate crude (WTI) rising 22 cents, or 0.3%, at $80.61 a barrel, while Brent crude …

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Red Cross set to end funding at 25 hospitals across Afghanistan

By Editor Economic Watch
August 18, 2023
in :  International News, Latest

THE International Committee of the Red Cross (ICRC) is likely to end the financial running of 25 Afghan hospitals by the end of August due to funding constraints, a spokesperson said, amid growing concerns over a plunge in aid to Afghanistan. “Although we continue to engage with government ministries, donors, and organisations to find alternative sustainable support mechanisms for the …

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New refining policy to slash furnace oil output by 78%

By Editor Economic Watch
August 18, 2023
in :  Latest

KARACHI: Pakistan’s newly-approved Brownfield Refining Policy will lower the output of furnace oil, a high-sulfur fuel, of all refiners by 78% to 3,400 tonnes per day from the current level of 15,500 tonnes per day, The News reported on Friday The policy envisages a massive reduction in the FO production capacity of all refineries after upgraded local refineries produce more petrol and …

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34 nominated, 600 unknown suspects booked after Jaranwala tragedy

By Editor Economic Watch
August 18, 2023
in :  Latest, Latest News

JARANWALA: Following the recent rampage in Jaranwala, the city’s police have registered a case against 34 and nominated 600 unknown under 18 sections of the Pakistan Penal Code (PPC) and Section 7 of the Anti-Terrorism Act (ATA), The News reported Friday. The publication further claimed that 29 nominated suspects have been arrested in connection with the Wednesday rampage. A crowd on …

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China, Pakistan sign MoU to establish Technology Transfer Center in Pakistan

By Editor Economic Watch
August 18, 2023
in :  Latest

  Islamabad, August 18 (INP): China and Pakistan signed a Memorandum of Understanding (MoU) to establish China-South Asia Technology Transfer Center-Sub Center in Pakistan. Pakistani Ambassador to China Moin ul Haque said that the Sub Center would help strengthen bilateral technology transfer, enhance cooperation among enterprises, research institutes, and universities, as well as support cooperation in the pursuit of science, technology, …

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Sino-Pak partnerships stressed for clean energy transition

By Editor Economic Watch
August 18, 2023
in :  Latest

  ISLAMABAD, August 17 (INP):  Developing expert-led long-term strategic energy plan and monitoring mechanism is crucial to ensure just energy access and eradicate energy poverty, said Former Ambassador of Pakistan to China Naghmana Hashmi. She was speaking at policy dialogue on “Transforming the Power Sector: Exploring the Prospects of China-Pakistan Just Energy Transition Partnership (JETPs)”, organized by Sustainable Development Policy …

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Pakistan Food & Culture Week celebrated in China

By Editor Economic Watch
August 18, 2023
in :  Latest

  BEIJING, Aug. 17 (INP): Pakistan Food and Culture Week was celebrated in Tianjin, China Economic Net (CEN) reported on Thursday. It was a captivating journey into the heart of Pakistan’s culinary heritage and cultural tapestry, offering attendees a unique opportunity to savor the delicious cuisine and experience the warmth of Pakistani people’s hospitality. Addressing an opening ceremony, Aslam Chaudhary, Economic …

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