Unilateral tariff concession on 268 items signed: Kaira
Federal Minister for Information and Broadcasting Qamar Zaman Kaira on Sunday said that China has assured complete support to Pakistan in all sectors, besides endorsing its efforts to maintain security, sovereignty, integrity and peace in the region.
Release of $3.4 billion tranche: IMF formally asked to extend SBA to March 31
Islamabad has finally submitted its formal request, in writing, to the International Monetary Fund (IMF) to extend its standby arrangement (SBA)-a $11.3 billion bailout package-for three months, up to March 31, 2011. "We had actually made the request to IMF for extension in SBA to secure two remaining instalments of $3.4 billion of $11.3 billion SBA in the second week of December knowing fully well that the deadline of December 31, 2010 was, for sure, going to be missed to bring in reformed general sales tax (RGST), a condition linked by the Fund for releasing to Pakistan the remaining $3.4 billion. more... (BR)
Wen vows to boost strategic ties with Pakistan
Chinese Premier Wen Jiabao vowed Sunday to boost strategic cooperation with Pakistan as he wrapped up a three-day visit to Islamabad that concluded deals worth around 35 billion dollars. "It is our collective objective to strengthen strategic ties between our two countries," he told a joint session of Pakistan's parliament before leaving to return to China Sunday afternoon. more... (TFD)
Pakistan and China talk business: 17 pacts, four MoUs, one joint venture totalling $15 billion signed
Pakistan and China on Saturday signed 17 agreements, four MoUs and one joint venture worth $15 billion for investment in various sectors of the economy at the conclusion of a day-long Pak-China Business Co-operation Summit. The signing ceremony was witnessed by Prime Minister Syed Yousuf Raza Gilani and his Chinese counterpart Wen Jiabao. more... (BR)