Questions On China’s Falling Forex Reserves

BEIJING, (APP/AFP) – China’s cash stockpile fell last month to just below $3 trillion, its lowest level since 2008 at the height of the global financial crisis and a trillion dollars down from its record high seen in mid-2014. The figure is still more than

Ready Made Garments Of $1.1 Billion Exported In 6 Months

ISLAMABAD, (APP): Ready made garments worth $1.101 billion were exported during first six months of current financial year as compared to the exports of the corresponding period of last year. Exports of the ready made garments grew by 5.87 percent as about 15,615 thousand dozens of ready made garments

Early Harvest Energy Projects Under CPEC To Be Completed Next Year

ISLAMABAD, (APP): Under China Pakistan Economic Corridor (CPEC), 12 early harvest energy generation projects including Sahiwal coal fired project, Port Qasim power plant and Karot Hydro power station would be completed by 2017-18 which would help to meet the energy requirements of the country. “These energy generation projects

French Pharma Giant Sanofi Says Profits Up In 2016

PARIS, Feb 8, (APP/AFP) – French pharmaceuticals giant Sanofi said Wednesday that cost-cutting measures and the strong performance of its rare diseases business drove up profits last year. Sanofi said in a statement that its bottom-line net profit rose by 10 percent to 4.7 billion euros ($5.0

China Forex Reserves Fall Below $3 Tn Threshold

BEIJING, (APP/AFP) – China’s foreign exchange reserves have fallen below $3 trillion for the first time in six years, the central bank announced Tuesday, crossing a symbolic threshold as authorities seek to stem capital flight out of the country. Slowing growth in the world’s second-largest

China Approves Green Car Projects Worth 6.15 Billion Yuan

BEIJING, (APP/Xinhua): The top economic planner announced Tuesday that it had approved two electric car projects, which have secured investment of 6.15 billion yuan (896.5 million U.S. dollars). The project from Fujian Yudo New Energy Automobile Co. has investment of 1.886 billion yuan, while the

China Moves To Revitalize “Time-Honored Brands”

BEIJING, (APP/Xinhua): China will increase policy support for its century-old traditional brands as many of them are struggling amid a rapidly changing domestic market. The Ministry of Commerce (MOC) and 15 other central authorities have jointly published a general plan to bring new life to long-established brands,

Pakistan To Surpass Canada’s Economy By 2050: PWC Report

ISLAMABAD, Feb 8 (APP): A report by management consultancy PricewaterhouseCoopers forecasts that Pakistan could surpass the Canadian economy by 2050. According to a private news channel, “By 2050, emerging economies such as Mexico and Indonesia are likely to be larger than the UK and France, while Pakistan and Egypt