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Work on desalination plant commenced in Gwadar

ISLAMABAD    -    As a major step towards solving the drinking wa­ter problem in Gwadar, construction of a 1.2 gallon per day (MGD) desalination plant in Gwadar Free Zone has commenced, Gwadar Pro reported on Tuesday quoting China Overseas…

China’s July factory activity weakens on soft demand

China’s manufacturing activity logged a surprise drop in July, official data showed Sunday, on the back of weak demand and as strict zero-Covid restrictions continue to cast a pall on growth. The Purchasing Managers’ Index (PMI), a key…

Pakistan, China to jointly conserve cultural heritage

ISLAMABAD     -     China and Pakistan will joint­ly train artistic talents and conserve the intangible cultural heritage with the establishment of the Chi­na-Pakistan Cultural and Educational Exchange Cen­tre (CPCEEC), China Economic Net…

Gwadar Free Zone to begin exports next year

ISLAMABAD - In a major development, exports have been set in motion for the first time in Gwadar Free Zone under the backdrop of exemption from all sorts of taxes and custom duties in the Free Zone for a period of 20 years, Gwadar Pro…

Most Asian markets down as Fed prepares latest hike

Stocks fell Wednesday as recession fears returned to the forefront of traders  minds ahead of an expected Federal Reserve interest rate hike later in the day. The selling followed a steep drop on Wall Street fuelled by concerns that…

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