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Foreign Direct Investment in Pakistan boosts in November

KARACHI: Pakistan have gained foreign direct investment (FDI) of $280 million in November 2018- 74% more than previous month of October, ARY News reported on Tuesday. The country had attracted 161 million US dollars' FDI in October. China remained the foremost investor in November, which invested net $249.1 million, which makes up 89% of the total 280 million dollars FDI in the month. The inflows from China apparently invested in Pakistan’s construction and power sectors, the State Bank of Pakistan (SBP) said in a…

No one can ‘dictate’ to China what it should, shouldn’t do: Xi

BEIJING: President Xi Jinping vowed Tuesday to push ahead with China's "reform and opening up" but warned that no one can "dictate" what it does, as the Communist Party celebrated the policy's 40th anniversary. While he pledged to press forward with the economic reforms initiated under late paramount leader Deng Xiaoping in December 1978, Xi indicated that there would be no change to the one-party system. "The great banner of socialism has always been flying high over the Chinese land," Xi said in a speech at Beijing's…

China’s first pet cloning service duplicates star pooch

BEIJING: Juice is a one-foot tall canine wonder who has starred in dozens of Chinese film and television productions. As he gets older and his illustrious career peaks, his Beijing-based master has one wish for the mutt - to live on. Maybe forever. A mongrel stray adopted off the streets, the nine year-old Juice — or “Guozhi” in Mandarin — is unable to reproduce since he was neutered from an early age. But his master, animal trainer He Jun, wants to continue his star pooch’s image by making a genetic clone. “Juice…

Pakistan, China sign MoU for forestation and climate

ISLAMABAD: The Ministry of Climate Change and the Chinese government have signed a Memorandum of Understanding (MoU) to strengthen bilateral relations in the field of forestry and climate. Advisor to Prime Minister on Climate Change Malik Amin Aslam and Ambassador of China Yao Jing also witnessed the ceremony in this connection on Monday. The advisor on climate change on this occasion lauded the Chinese government environmental projects of Eco-Civilization and Green Wall of China. Read More: Chairman senate for…

China likely to provide US$ two bln to Pakistan: sources

KARACHI: China will deposit US$ two billion with Pakistan to help the country in its balance of payment crisis, Ministry of Finance sources told ARY News. The expected two billion dollars are likely to be received in a single tranche this month, the sources further said. The United Arab Emirates (UAE) also expected to provide a similar package to Pakistan including the loan and deferred payment facility for the oil. Finance Minister Asad Umar in a recent interview had said that Pakistan's balance of payment crisis…

China, Afghanistan, Pakistan agree to promote trilateral ties under BRI

ISLAMABAD: Pakistan, Afghanistan and China have reaffirmed their commitment to further strengthening their relations, deepening cooperation and advancing connectivity under the Belt and Road Initiative (BRI), Regional Economic Cooperation Conference on Afghanistan (RECCA) and other regional economic initiatives. A joint declaration issued after the trilateral dialogue between the three countries in Kabul on Saturday read, they agreed to promote China-Afghanistan-Pakistan trilateral cooperation under the framework of…

FM says Pakistan, China, Afghanistan’s collective role to frustrate enemies of peace

ISLAMABAD: Foreign Minister Shah Mehmood Qureshi on Saturday said Pakistan, China and Afghanistan would have to collectively foil the designs of enemies of peace in the region. Speaking at the trilateral ministerial dialogue among the three neighbouring countries in Kabul on Saturday, he stressed for bolstering regional cooperation in diverse sectors. Reaffirming commitment to eradication of terrorism, the foreign minister said that better border management between Pakistan and Afghanistan and intelligence sharing…

FMs of Pakistan, China, Afghanistan vow to jointly fight terrorism

KABUL: Foreign Ministers of Pakistan, China and Afghanistan on Saturday resolved to continue their efforts to build mutual political trust, strengthen relations, support reconciliation process and deepen security and development cooperation. The resolve came at the second round of trilateral ministerial dialogue held in Kabul today. The foreign ministers of the three countries signed a Memorandum of Understanding (MoU) on Counter-Terrorism to advance cooperation in this respect at the conclusion of the meeting.…

At trilateral meeting, Qureshi urges collective efforts for peace

KABUL: Foreign Minister Shah Mahmood Qureshi on Saturday said Pakistan, China and Afghanistan need to make collective efforts to foil the designs of enemies of peace in the region.   Speaking at the second round of trilateral ministerial dialogue in Afghan capital, he stressed the need for deepening regional cooperation in diverse sectors. The foreign minister reaffirmed Pakistan’s commitment to eradication of terrorism and added better border management between Pakistan and Afghanistan as well as intelligence sharing…

FM Qureshi in Kabul for trilateral peace talks with China, Afghanistan

ISLAMABAD: Foreign Minister Shah Mahmood Qureshi is visiting Kabul today (Saturday) to participate in the second round of trilateral ministerial talks between Pakistan, Afghanistan and China. At the meeting, the officials from three countries will discuss Afghan peace talks and bringing the Taliban to negotiations table. FM Qureshi, who is accompanied by foreign secretary Tehmina Janjua and other senior officials of the ministry, will lead the Pakistani side in the meeting. وزیر خارجہ شاہ محمود قریشی افغانستان کے…