Author: Admin

The Pakistani government has approved 20 new positions within its Trade Mission in China to boost exports, attract foreign investment, and support efforts to relocate Chinese industries to Pakistan. This initiative addresses the $12 billion trade deficit, with Pakistan’s 2023-24 exports to China at $2.56 billion and imports at $14.51 billion. Following a directive from the Prime Minister and consultations between key ministries, the ECC endorsed a supplementary grant of Rs 226.7 million for these roles. This funding, part of a broader Rs 5.5 billion allocation for trade missions, is…

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Pakistan is seeking the re-profiling of over $27 billion in debt and liabilities owed to China, Saudi Arabia and the United Arab Emirates (UAE) to secure an International Monetary Fund (IMF) bailout package and ease consumer tariffs and energy sector foreign exchange outflows, reported Pakistani publication Dawn on Monday. Pakistani Finance Minister (FM) Muhammad Aurangzeb on Sunday said that Islamabad had already requested the three lenders to roll over their more than $12 billion annual debt portfolio by three to five years so that Pakistan can secure the IMF board’s approval for…

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China’s emergence as a world factory has induced developed states to seek protectionism to spur industrialisation, arguing that the country’s overcapacity’ is a strategic risk to their market economies. Instead of pursuing financial globalisation like many nations, Beijing had earlier mainly focused on industrialisation, which led to growth in all other sectors of the economy. Now, many policymakers and economists are concerned that the rising protectionism and thousands of new industrial policy measures around the world over the last year are threatening free trade. “Trade, for the first time, is…

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