Bajwa informed that the second phase of CPEC will be about job creation and increasing investment opportunities, which will be achieved through industrialization and enhancing the agriculture sector.
The head of the powerful U.S. House of Representatives Ways and Means Committee on Friday slammed what he called President Donald Trump’s “unsophisticated response” to China’s ambitions and called for a major recalibration of U.S. policies.
Chairman Richard Neal, a Democrat, urged the future administration of fellow-Democrat Joe Biden to formulate a package of programs and investment to counterbalance China.
Britain is more likely to leave the European Union’s orbit on Dec. 31 without a trade deal than with an agreement, an EU official quoted the head of the European Commission.
A no-trade deal Brexit would damage the economies of northern Europe, send shockwaves through financial markets, snarl borders and sow chaos through the delicate supply chains which stretch across Europe and beyond.
Two sources familiar with the matter, including a U.S. official speaking on the condition of anonymity, said President Donald Trump had given aides the blessing for the sanctions.
Prime Minister Yoshihide Suga on Tuesday announced his plan to compile a 73.6 trillion yen stimulus package to speed up the country’s recovery from its deep coronavirus slump.
The report was of the view that it expects the economic activity in Pakistan to continue the robust pace it has shown over the last couple of months.
The report was of the view that “we think that an exit from the FATF grey list in February has become quite likely. This would be a significant stimulant for confidence in the equity bourse.”
The report said that a sharp resurgence in new daily Covid-19 infections in Pakistan has put the brakes on the government’s economic reopening plans after earlier lockdowns.
“When people feel safer to spend, or more importantly, when the pandemic is kept at bay, the economy is more likely to have a quick recovery. Not to mention the lives that will be saved.”
Shaikh said that despite the Coronavirus pandemic, the Pakistani economy performed positively, the government distributed financial assistance to the beneficiaries under the Ehsas program and provided a special package for the business community to mitigate the COVID-19 impact.
According to the report, following difficult but necessary stabilization efforts during the first nine months of the fiscal year, Pakistan’s economy was well on course for a steady recovery on the eve of the Covid-19 pandemic.
MashaAllah the country is moving in the right direction despite the Covid 19 challenge,” tweeted PM Khan while referring to a media report on the revival of the textile sector in the country.
Indonesia’s first recession since the Asian financial crisis in 1998 - normally defined as two consecutive quarters of economic contraction - comes as the country has struggled to contain the coronavirus outbreak.
There’s also good reason to be confident about China’s full-year economic growth, Liu Aihua, spokeswoman at the National Bureau of Statistics, told a press briefing after the release of third-quarter gross domestic product.