Category: Uncategorized

Pakistan’s solar & EV sectors open up with unique perks for China

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Pakistan’s solar & EV sectors

BEIJING, Nov 15 (APP):Pakistan is set to attract Chinese investors with exclusive incentives in the booming solar and electric vehicle (EV) sectors, said Pakistan’s Trade and Investment Counsellor to China Ghulam Qadir. Addressing the 4th Beijing International Engineering Procurement Conference & Exposition for Engineering Construction Supply Chain (EPC Expo), focused on sustainable trade between China and Pakistan, Ghulam Qadir emphasized that the Pakistani government has introduced special incentives designed to strengthen bilateral cooperation in green technology. These sectors are pivotal for Pakistan’s sustainable future and present lucrative opportunities for Chinese…

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Oil prices steady ahead of OPEC report, China stimulus limit gains

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crude oil

Oil prices were little changed on Tuesday, awaiting further price direction from OPEC’s monthly report, while investor disappointment over China’s latest stimulus plan and oversupply concerns limited gains. Brent crude futures rose 38 cents, or 0.5%, to $72.21 a barrel, by 0944 GMT. U.S. West Texas Intermediate crude futures were up 36 cents, or 0.5% at $68.40 a barrel. “In a flat price environment that is stalled, supply and demand become even more magnified and at present it would appear that oil market participants do not like what they see,”…

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Pakistan Seeks Chinese Debt Restructuring Amid Rising CPEC Project Payments

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CPEC-IPPs

ISLAMABAD: On Thursday, Pakistan formally requested China to reschedule its debts as unpaid dues for China-Pakistan Economic Corridor (CPEC) power projects surged by 44%, reaching Rs401 billion by the end of the last fiscal year. These outstanding payments, violating the 2015 CPEC Energy Framework Agreement, are hampering financial and commercial relations between the two nations. Finance Minister Senator Muhammad Aurangzeb and Energy Minister Sardar Awais Laghari met with China’s Finance Minister and the President of China Export and Credit Insurance Corp (SINOSURE) to address the issue. SINOSURE had insured the…

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Haier launches groundbreaking CSR campaign aimed at empowering talented students

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Haier launches groundbreaking CSR campaign July 24, 2024 In a world where access to education can often be a barrier to success, Haier is stepping up to make a difference. With a firm belief in the power of education to transform lives, Haier launched a groundbreaking CSR campaign aimed at empowering talented students with limited resources to reach their full potential. The concept is simple yet profound: Haier will sponsor the education of deserving students at Punjab University, providing them with the opportunity to pursue their dreams without the burden…

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OICCI Members Positively Impact 40m People Across Pakistan Through Their CSR Initiatives

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OICCI Members Positively Impact 40m People Across Pakistan July 24, 2024 Karachi: Overseas Investors Chamber of Commerce and Industry’s member companies have invested Rs 13 billion in 2022-2023 in local communities, positively impacting 40 million individuals across the country. In collaboration with over 290 social sector organisations, the OICCI members have extended their CSR initiatives to all the four provinces of Pakistan, including Azad Jammu and Kashmir and Gilgit-Baltistan, to build a legacy that transcends profits and inspires progressive change in Pakistan. The Overseas Investors Chamber of Commerce and Industry…

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