Business

As trade negotiations with China resume this week, the Trump administration is racing to reach an agreement that will lead to long term reforms and will demonstrate that tariffs are an effective battering ram for open markets around the world. The president is pursuing an ambitious agenda that envisages the reinstatement of U.S.  trade links from Asia to Europe to North America, promoting new deals this year.

The UAE has postponed the meeting of the Joint Ministerial Commission (JMC) which was scheduled for last week in Abu Dhabi, hence delaying the finalization of the agreements for economic cooperation. EAD Additional Secretary Zulfiqar Haider said that three new dates have been proposed and the meeting will take place as soon as the UAE confirms the availability of its foreign minister.

The FBR has reviewed the agreement on Avoidance of Double Taxation between Pakistan and Switzerland, with an amended exchange of information article 25 to access banking/financial information. The updated agreement on Avoidance of Double Taxation between Pakistan and Switzerland contains amended Article 25 having more emphasized procedure for access to financial information between the two countries.

Huawei's founder is staying steadfast in the wake of American attempts to sideline the Chinese tech giant's global reach and indict his daughter. "There's no way the US can crush us. The world needs Huawei because we are more advanced," Ren Zhengfei said in an interview with BBC on Tuesday.

The process for issuing sovereign Panda Bond in Chinese capital market, has been initiated by Pakistan’s ministry of finance. The federal cabinet had approved a strategy to issue so-called ‘Panda bonds’ in the Chinese market in December, to raise foreign exchange from global markets. The ministry of finance has sought the details of the financial consultants before March 20...

Advisor to Prime Minister on Commerce, Abdul Razak Dawood said that Pakistan is looking for a free trade agreement with the Gulf Cooperation Council (GCC) states. "Saudi investors are coming in a very positive way in renewable energy and hopefully a lot of investment would be made in the renewable energy sector” the advisor added.

Local gold price has reached an all-time high of Rs68,200 per tola and Rs58,470 per 10 grams, after a jump of Rs50 per tola and Rs42 per 10 grams, owing to an increase of $3 per ounce to $1,324 in world market. On Jan 1, 2018, All Sindh Sarafa Jewellers Association (ASSJA) had issued one tola and 10 grams rates...

In the next leg of his tour, Prince Mohammed will arrive in India on tuesday and will hold talks with Indian PM Modi. "Trade and investment, defence and security, including counterterrorism, and renewable energy" will be discussed during the meeting, India's foreign ministry said. Saudi Aramco's investment in India, including a $44bn facility on the western coast of India will also...

The foreign direct investment (FDI) during July-Jan FY19 declined by over 17 per cent compared to same period last year, according to data released by the State Bank of Pakistan (SBP) on Monday. However, year-on-year inflows during January increased by 2.4% reaching $132 million. The country received investments worth $1.451 billion during the first seven months of current fiscal...

Pakistan is expecting $21 billion worth of investment from Saudi Arabia to come in the country in three phases over the next six years. Two major follow-up forums have been set up to ensure timely completion of project implementation. Several initiatives, including $4bn Saudi investment in two regasified-liquefied natural gas (RLNG) based power plants and $2bn from ACWA Power...