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Chinese company to increase investment in Pakistan’s 4G

BEIJING: A Chinese telecom company will further increase its investment in 4G in Pakistan and would build 5,000 base stations in the next three years, said top official of the firm. The company entered in Pakistani market a several years ago, has now over 31 million consumers with a market share of about 21 per cent and ranks third in the industry,” Wang Hua, Chief Executive Officer of CMPak said in an interview published by China Daily on Saturday. “Our company began with the acquisition of Paktel in 2007. Occupying…

Chinese company to conduct drug clinical trials in Pakistan

KARACHI: A leading Chinese pharmaceutical company will conduct drug trials at the International Centre for Chemical and Biological Sciences (ICCBS) at Karachi University after signing of an agreement between the two sides recently. The agreement was signed by Dr Xiaochun Chen, director general, Health and Family Planning Commission of Hunan Province, China, and ICCBS director Prof M. Iqbal Choudhary. According to a statement, the agreement signing between Hunan Anbang Pharmaceutical Company (HAPC) and ICCBS also marked…

Family of Trump son-in-law in $4 bn deal with Chinese company

WASHINGTON: A company owned by the family of President Donald Trump's son-in-law, Jared Kushner, is set to receive more than $400 million from a Chinese firm that is investing in its Manhattan office tower, Bloomberg reported Monday. The Kushner Companies deal with Anbang Insurance Group for the property at 666 Fifth Avenue is worth $4 billion, with real estate experts calling it an unusually favorable deal for the Kushners, the report said. It would value the 41-story tower at $2.85 billion, the most ever for a single…