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Pakistan, Italy to pursue joint ventures in trade, economic spheres

ISLAMABAD: Pakistan and Italy on Thursday agreed to pursue joint ventures in trade and economic spheres by transfer of the technology, ARY News reported. The accord came at a meeting between Foreign Minister Shah Mahmood Qureshi and Secretary General of the Italian Ministry of Foreign Affairs Elisabetta Balloniat in the federal capital today. Both the leaders also reaffirmed the excellent cooperation existing between the two countries at the multilateral fora, including the United Nations, and agreed for its further…

China eases restrictions on foreign ownership of securities ventures

BEIJING: China’s securities regulator has released new guidelines for foreign investment in Chinese security joint ventures in which it eased some restrictions and launched an application process for more foreign ownership. The consultation period for the new rules that began in March is now over and the final regulations have been officially released for immediate implementation, the regulator said in an announcement on its website late on Saturday. During the review, restrictions limiting single foreign investors to…