Pakistan requests China to increase currency swap agreement limit to 40 billion Yuan

Pakistan Finance Minister Muhammad Aurangzeb has requested the Chinese government to raise the limits of the currency swap agreement to 40 billion Chinese Yuan, ARY News reported. During a meeting with China’s Vice Minister of Finance, Liao Min, in Washington, DC, Aurangzeb reaffirmed Islamabad’s commitment to enhance the strategic partnership between Pakistan and China, as […]

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TSMC suspended shipments to China firm after chip found on Huawei processor: sources

Huawei is restricted from buying the technology to protect US national security. Reuters could not determine how the chip ended up on the Huawei product. Taiwan Semiconductor Manufacturing Company suspended shipments to China-based chip designer Sophgo after a chip it made was found on a Huawei AI processor, according to two people familiar with the […]

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China Pledges Tax Exemption for Afghan Exports Starting in December: Arg

A spokesperson for China’s Ministry of Foreign Affairs stated that China intends to reduce customs tariffs with Afghanistan to zero. Zhao Xing, China’s ambassador in Kabul, announced in a meeting with Mawlawi Abdul Kabir, the deputy prime minister for political affairs, that this measure aims to strengthen cooperation between the two countries. Hamdullah Fitrat, Deputy […]

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Norway’s Equinor tries again for a Japan offshore wind lease: sources

Equinor’s bid underscores the focus some wind players are putting on Japan even as they scale back elsewhere, despite some international players’ frustration with strict bidding rules and an earlier auction round having been won by Japanese companies. Norwegian energy company Equinor has submitted a bid to develop an offshore wind farm together with other […]

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Afghan Delegation Visits China to Boost Energy Investment

The Ministry of Energy and Water has announced that a delegation led by acting Minister Abdul Latif Mansoor has traveled to China to explore opportunities for energy investment. According to the ministry’s spokesperson, Matiullah Abid, Abdul Latif Mansoor is expected to participate in several meetings focusing on energy and investment during his visit. “He is […]

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OTS Backs Kazakhstan’s Proposals to Create New Councils

The event was attended by Kazakh Deputy Prime Minister and Minister of National Economy Nurlan Baibazarov, as well as delegations from Azerbaijan, Türkiye, the Kyrgyz Republic, Uzbekistan and Hungary, reported the Prime Minister’s press service on Oct. 19. Baibazarov noted that Kazakhstan prioritizes developing Turkic integration and welcomes initiatives and constructive proposals from fraternal states. […]

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Maldives President decides introducing India’s “Unified Payment Interface”

Maldives President Dr. Mohamed Muizzu on Sunday has made the decision to introduce India’s “Unified Payment Interface” (UPI) in the Maldives on the recommendation of the cabinet. This move is expected to bring significant benefits to the country’s economy, including increased financial inclusion, improved efficiency in financial transactions, and enhanced digital infrastructure, the President’s Office […]

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Mongolia and India to Leverage the Strategic Partnership to Expand Relations in All Sectors

Prime Minister of Mongolia Oyun-Erdene Luvsannamsrai met Minister of External Affairs of the Republic of India Subrahmanyam Jaishankar during his visit to Pakistan and exchanged views on cooperation. At the beginning of the meeting, Prime Minister Oyun-Erdene once again thanked India for having donated the first packages of vaccines to Mongolia during the difficult time of the […]

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Bangladesh government’s new turn in global trade policy

Dhaka has formally offered to join the world’s largest trade alliance China-led Regional Comprehensive Partnership Agreement (RCEP). Recently, the application form has been sent to the headquarters of the organization through the Ministry of Foreign Affairs of Bangladesh. Being a member of RCEP will not require free trade agreements (FTAs) with its member countries in […]

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Saudi Arabia, Egypt agree deeper investment ties

Egypt’s presidency said the leaders signed an agreement to encourage and protect mutual investments between the countries, and witnessed the signing of an accord to form a supreme coordination council between Riyadh and Cairo to deepen cooperation. Saudi Arabia’s Crown Prince Mohammed bin Salman and Egypt’s President Abdel Fattah al-Sisi agreed to deepen trade and […]

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