KARACHI, May 17 (INP) – The livestock and dairy sector of Sindh has shown an impressive growth since the launch of the Union Council Based Poverty Reduction Program (UCBPRP), reports WealthPK. The program has supported the rural communities by boosting the productivity of the livestock and dairy sector, which is a key source of livelihood in the rural parts of …

ISLAMABAD, May 17 (INP) – A sharp decrease in the current account deficit (CAD) underscores a major change in Pakistan’s economy, signalling increased stability in the external sector. However, sustaining this progress demands an ongoing commitment to sound economic policies and structural reforms, reports WealthPK. According to the latest data released by the State Bank of Pakistan (SBP), the current …

Islamabad, May 15 (INP): China will provide unwavering support for Pakistan’s reform agenda, said Chinese Ambassador to Pakistan Jiang Zaidong. In an article, Ambassador Zaidong noted Pakistan’s ongoing reforms and the orderly formation of a new government, signaling renewed focus on national development.  He expressed China’s readiness to work with Pakistan to implement important consensus reached between their leadership. It aimed …

ISLAMABAD, May. 17 (INP) – In a significant move, foreign portfolio investment has witnessed a notable surge, recording a net inflow of $165 million during the recent period. This development marks a stark contrast to the preceding year, which saw an outflow of $1,014.7 million. Foreign Private Portfolio Investment contributed significantly to this positive trend, registering a net inflow of …

Islamabad, May 12  (INP):  China is increasing demand for Pakistan cotton textiles, China Economic Net (CEN) reported on Sunday. Pakistan’s cotton yarn exports to China have surpassed the $166.37 million mark, an increase of 65.85%, in the first quarter of 2024. General Administration of Customs of the People’s Republic of China’s data showed that in the first quarter of 2024, the …

FAISALABAD, May 17 (INP) – The plastic strip manufacturers of Faisalabad are facing multiple issues to run their businesses smoothly. Talking to WealthPK, Tariq Mehmood, who serves as supervisor at a factory, said the situation for the plastic factory owners was going from bad to worse, as the rulers seemed not ready to lower the prices of electricity and raw …

SHANGHAI, May 12 (INP): Pakistan officially launched its merchandise pavilion on the popular Chinese social media platform Douyin at the Global Hub in Shanghai Waigaoqiao Free Trade Zone, marking a milestone in boosting e-commerce ties with China. This event, supported by the Shanghai Municipal Commission of Commerce and the Pakistani Embassy in China, comes as a fruit of Pakistan and …

BEIJNG, May 13 (INP): Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar arrived here on a four-day official visit to China last. He was received by Director General, Ambassador Wang Fukang and Pakistan’s Ambassador to China, Ambassador Khalil Hashmi. The Deputy Prime Minister and Foreign Minister will co-chair the Fifth Pakistan-China Foreign Ministers’ Strategic Dialogue with Chinese foreign minister …

ISLAMABAD, May 13 (INP) : The China Pakistan Free Trade Agreement (CPFTA) Phase II, set to conclude this year in 2024, has now moved into the review stage, in a bid to make the trade arrangement more continuous, with amendments designed to make it more conducive and favorable for Pakistan.  The goal is to help broaden Pakistan’s export footprints in …

FAISALABAD, May 12 (INP): Pakistan enjoys rich potential for mushroom exports through enhanced cooperation with China, and taping new markets. This was stated by Dr. Muhammad Muzammil Jahangir, an Associate Professor at the University of Agriculture, Faisalabad (UAF), who holds a Ph.D. from Zhejiang University, China and has been a leading researcher in the field of mushroom production, processing, and storage in …