Connect with us

Economy

Pakistan offers a conducive environment for trade

Published

on

ISLAMABAD: Acting Senate Chairman Saleem Mandviwala Wednesday said there was huge scope for enhancing trade and investment between Pakistan and Canada beyond the current level.
He expressed these views in a meeting with Canadian High Commissioner Wendy Gilmour here at the Parliament House. Both sides discussed matters of mutual interest and exchanged views on different issues, including trade, investment, parliamentary cooperation, student visa issues, and others.
Mandviwala said companies of both countries could explore more business opportunities for the mutual benefit of their people.   He said Pakistan highly valued its bilateral relationship with Canada and desired to further expand the friendly ties. He underscored the need for enhanced parliamentary interaction and people-to-people contacts. The acting Senate chairman also recalled his recent visit to Canada where he had fruitful interactions with parliamentarians and other high ranking government functionaries.
He said that there was a need to increase trade activity between the two countries. He highlighted some significant areas like surgical instruments, textile goods, leather, agriculture and others in which exports to Canada could be enhanced. He also stressed the need for bilateral investment and digital trade.  Mandviwala said there was huge potential in Pakistan but due to visa issues, students preferred the United States, the United Kingdom and other European destinations for education and achieving higher qualifications. Students needed to be facilitated to get an education in Canadian educational institutions of higher learning, he added.
Senator Dilawar Khan, who was also present in the meeting, underscored the need for enhanced parliamentary cooperation and trade linkages between the two countries. The Canadian high commissioner agreed with the views of acting Senate chairman. She said the security situation in Pakistan was improving and more parliamentary cooperation would pave the way for enhanced linkages between the two sides.

 

Continue Reading
Advertisement

Asia

Tokyo bourse closes in the green

Published

on

Tokyo stocks gain on bargain-hunting

TOKYO: Shares edged up today with investors expressing relief as US President Donald Trump appeared to take a softer stance on his thorny trade dispute with Japan.
The key Nikkei 225 index rose 0.31 percent, or 65.36 points, to close at 21,182.58, while the broader Topix index was up 0.38 percent, or 5.79 points, at 1,547.00.
“Players were relieved as President Trump did not take a tough stance on the US-Japan trade issue,” Daiwa Securities chief technical analyst Eiji Kinouchi told AFP.
After a fun-filled weekend of golf and sumo, Trump and Japanese Prime Minister Shinzo Abe held formal talks Monday, with trade and tensions with North Korea topping the agenda.
Ahead of their talks, Trump hinted that tough negotiations on their bilateral trade could wait until after July elections in Japan.
Trump tweeted: “Great progress being made in our Trade Negotiations with Japan. Agriculture and beef heavily in play.”
In remarks after the closing bell, Trump also told reporters: “We hope to have even more to announce on the trade, very very soon.”
The dollar fetched 109.52 yen in Asian afternoon trade, against 109.29 yen in New York late Friday.
In Tokyo, Nissan was up 0.97 percent at 747.8 yen after news that its French alliance partner Renault and Italian-US auto giant Fiat Chrysler are weighing a potential merger.
Its rival Toyota gained 0.79 percent to 6,554 yen while Honda was down 1.11 percent at 2,759 yen.
Takeda Pharmaceutical jumped 2.46 percent to 3,942 yen while telecom and investment firm SoftBank Group was up 1.65 percent at 10,465 yen.

app

Continue Reading

Business

Dep. PM of Uzbekistan arrives in Islamabad

Published

on

ISLAMABAD: Deputy Prime Minister of Uzbekistan Elyor Ganiev has arrived here today on a two-day visit to Pakistan.

Elyor Ganiev is accompanied by a high-level delegation comprising Deputy Ministers for Investment and Foreign Trade, Transport and other senior officials.

He is scheduled to meet a number of Federal Ministers and Advisers. He will hold consultations with Foreign Minister Shah Mahmood Qureshi. The talks will focus on discussing ways and means to further bolster the bilateral relations between Pakistan and Uzbekistan.

A relevant piece published earlier: 

Uzbek deputy PM due today on two-day visit

Continue Reading

Asia

Govt. to further strengthen Sino-Pak partnership

Published

on

ISLAMABAD: Foreign Minister Shah Mehmood Qureshi has expressed the govt’s commitment to further strengthen Sino-Pak strategic partnership.

He was addressing Friends of Silk Road Forum organized in honor of visiting Chinese Vice President Wang Qishan here today.

The Foreign Minister said both countries are observing 2019 as a year of mutual relations and it is expected that people to people contacts will reach a new level.

Shah Mehmood Qureshi said CPEC has helped to strengthen bilateral relations and take economic and social development to new heights.

He said the CPEC has entered into its second phase which focuses on industrial, social and economic cooperation. He expressed the confidence that Special Economic Zones will pave way for the progress of Pakistan.

Foreign Minister said the government has a special focus on poverty alleviation, industrial development, education, technology, scientific innovation, and agricultural development.

He said both the countries have common thinking of improving the living standard of their people. He hoped that the development target will be achieved by mutually harnessing the capabilities of the two countries.

Foreign Minister paid rich tributes to the services of the Chinese Vice President in promoting the strategic partnership between the two countries. 

rp

A relevant piece published earlier:

Vice President of China arrives in Islamabad

 

 

Continue Reading

News Pakistan Trending