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Saudi Arabia desires to expand ties with Pakistan in media field

ISLAMABAD: Saudi Arabian Information Minister Dr Awwad bin Saleh Al-Awwad on Saturday said Pakistan and Saudi Arabia enjoyed strong fraternal relationship and now would work to enhance ties in the field of media as well. "Pakistan is like a second home to him and both the countries had strengthened their relationship during the last six decades," he said while speaking at a function hosted by Minister for Information and Broadcasting Chaudhry Fawad Hussain in Islamabad. The Saudi Arabian minister said the two countries…

Pakistan keen to expand cooperation with China in film, media, culture and heritage

ISLAMABAD: Minister of State for Information & Broadcasting Marriyum Aurangzeb on Tuesday said that Pakistan was keen to expand cooperation with China in the field of film, media, culture and heritage. "Pakistan cherishes its unique ties with all-weather and time-tested friend as both countries carry a legacy of cooperation, the foundation of which was laid by their ancestors," she said in a meeting with Ambassador of China to Pakistan Yao Jing in Islamabad. She said that the Belt and Road Initiative (BRI) by…

‘Shadow banks’ continue to expand worldwide

MEXICO: Growth in global bond, real estate and money market funds continued to swell the world’s“shadow banking” sector, a watchdog that coordinates financial regulation for the G20 big economies said on Monday. The Financial Stability Board said its “narrow” measure of shadow banking activities that could pose a threat to stability, rose 7.6 percent to $45.2 trillion in 2016, the latest year for which figures have been collated. It represents 13 percent of total financial system assets in the 29 jurisdictions…

Pakistan ready to expand trade, economic ties in SCO region

ISLAMABAD: Deputy Chairman Planning Commission Sartaj Aziz on Tuesday said Pakistan was ready to expand mutually beneficial trade, economic cooperation and connectivity in the Shanghai Cooperation Organization (SCO) region. "Pakistan encourages trade and transit through its territory as it is upgrading infrastructure, roads, railways and ports," he said while talking to SCO General Secretary Rashid Alimov in Islamabad. He said country was open to become conduit for linking Eurasian landmass, China, Russia and Central…

US may soon expand UN talks on North Korea sanctions, signaling China deal: diplomats

UNITED NATIONS: The United States could shortly broaden talks on a push for stronger UN sanctions on North Korea to include all 15 Security Council members, signaling a likely deal with China on new measures, diplomats said on Thursday. Since North Korea's July 4 launch of an intercontinental ballistic missile (ICBM), the United States has been negotiating with Pyongyang ally China on a draft resolution to impose new sanctions on North Korea, which fired a second ICBM last Friday, in defiance of U.N. Security Council…

Amazon video going global in Netflix challenge: report

SAN FRANCISCO: Amazon is poised to challenge Netflix on the global stage with a massive expansion of its on-demand video streaming service, The Wall Street Journal reported on Thursday. Amazon Prime Video service is currently available in Austria, Britain, Germany, Japan and the United States, with a promise of availability soon in India. Prime will likely expand to some 200 countries and territories, according to the Journal report. This would put the Seattle-based online retail titan's on-demand video service on a…

Governor SBP suggests RCG Asia to expand on work done on resolution framework

HONG KONG/KARACHI: The Governor State Bank of Pakistan (SBP) Mr. Ashraf Mahmood Wathra Tuesday outlined his views for the Regional Consultative Group Asia (RCG Asia) and suggested that the RCG expand on the work done so far on resolution framework as well as financial safety nets. “These initiatives will enable the member countries to exchange fruitful ideas in order to get critical insight on these issues’, he added.