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Day: September 21, 2022

Standing at the Head of the Tide, Haicang Is Committed to the Creation of a World-class Bay Area

Press Release
XIAMEN, China, Sept. 21, 2022 /Xinhua-AsiaNet/–The Haicang District of Xiamen city, Fujian province is the first and largest domestic Taiwanese Investment Zone, and it serves as a model for the cross-island development of Xiamen. The close proximity to the areas of Haicang Bay New City, Maluan Bay New City, Cangjiang New City, and Aoguan New City creates a magnificent pattern here. The Haicang District of Xiamen As an industry-driven district, Haicang’s GDP has increased by 60 billion yuan. Haicang’s port area, which is well connected to the outside world, contributes to a significant share of Fujian Province’s annual container throughput. The thriving bay of Haicang enables a harmonious coexistence of man and nature. It is here that Minnan culture, Maritime Silk Ro...

Solar companies going bankrupt: Mian Zahid Hussain

Business, English
Karachi, September 21, 2022 (PPI-OT):Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Wednesday said solar energy is being prioritized all over the world, but this industry is being destroyed in Pakistan under a plan. The Prime Minister and Ministers are making announcements to generate 9000 megawatt electricity through solar energy and expand the solar industry while the bureaucracy is bent upon destroying this important sector, he said. Mian Zahid Hussain said that countries, where the sun does not rise even for a hundred days in a year, are investing heavily in solar energy while Pakistan which is rich in this resource is eliminating this industr...

Solar companies going bankrupt: Mian Zahid Hussain

Business, English
Karachi, September 21, 2022 (PPI-OT):Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Wednesday said solar energy is being prioritized all over the world, but this industry is being destroyed in Pakistan under a plan. The Prime Minister and Ministers are making announcements to generate 9000 megawatt electricity through solar energy and expand the solar industry while the bureaucracy is bent upon destroying this important sector, he said. Mian Zahid Hussain said that countries, where the sun does not rise even for a hundred days in a year, are investing heavily in solar energy while Pakistan which is rich in this resource is eliminating this industr...

Expensive electricity is bankrupting businesses

Business, English
Karachi, September 21, 2022 (PPI-OT):FPCCI’s Presidential candidate Atif Ikram Sheikh on Wednesday said expensive electricity is bankrupting the economy. Costly electricity is affecting production and exports and it is necessary to make electricity affordable to boost the economy and improve the quality of life of the people, he said. Atif Ikram Sheikh said that electricity should be made cheaper to increase production and reduce the cost of services. In a statement issued here today, he said that there is a need to develop small Power plants and promote renewable energy in Pakistan like developed countries to solve the energy problem. The practice of building large grid stations has ended in developed countries and if the same is done in Pakistan, losses of billions of rupees can be reduc...

Saudi debt decision reduce Pakistan’s problems

Business, English
Islamabad, September 21, 2022 (PPI-OT):The Pakistan Economy Watch (PEW) on Wednesday said the rollover of debt by Saudi Arabia will reduce the problems of Pakistan and improve the confidence of investors. The extension in the return period of three billion dollars kept in Pakistan by Saudi Arabia may also reduce the speed of fall of the rupee, it said. Pakistan received this amount on November 2021 and was supposed to return it on December 5 but now the period of return has been extended by one year which is a good decision by a friendly country, said Brig. (Retd) Aslam Khan, Chairman PEW. In a statement issued here today, he said that Pakistan’s foreign exchange reserves are currently eight and a half billion dollars, which are only enough for forty days of imports, which is the main reas...

President PCJCCI donated 225,000 for Flood Affectees of Pakistan

Business, English
Lahore, September 21, 2022 (PPI-OT):Mr Wang Zihai, President Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) expressed solidarity with the flood affectees of Pakistan. He donated total 225,000 RMB to the Pakistan China Embassy. Many Chinese companies participated in this flood relief drive which includes; China Shanghai Co-operation Organization Demonstration Area Committee, Qingdao LULU agriculture equipment’s, China state construction No 6 Bureau, SCO Everest International Exhibition co. and Qingdao Xiangangtong Mineral. President PCJCCI said that almost half of the Pakistan is drowned right now due to heavy flooding and people are suffering badly. He added that we stand with our Pakistani Brethren at this hour of crisis. Mr. Fang Yulong, CEO, East Sea Holding (Qingdao) Co...