The Punjab Information Technology Board (PITB) has partnered with the UK-Pakistan Trade and Investment Board (UKPTIB) to promote innovation and economic growth in Pakistan. The Memorandum of Understanding (MoU), signed by PITB Director General Sajid Latif and UKPTIB Chairman Rizwan Sulehria, aims to boost business activities, attract foreign investment, and create innovative solutions for economic growth. This partnership is expected to fortify economic ties with the UK and Europe, enhance collaboration in technology-driven initiatives, and showcase Pakistan's potential as a global technology hub. The agreement also seeks to create opportunities for young talent in the Information and Communication Technology (ICT) sector, ultimately fostering a dynamic ecosystem for sustainable growth in the tech industry.
https://www.brecorder.com/news/40341090/pitb-signs-mou-with-ukptibThe Uzbek Ambassador announced a soft visa regime for Pakistani citizens starting in September 2024, allowing easier travel between the two nations. The initiative aims to boost economic cooperation and strategic partnerships, with a focus on sectors such as textiles, pharmaceuticals, leather, food processing, agro-businesses, and other industries. The ambassador invited Pakistani businessmen to explore investment opportunities in Uzbekistan's favourable environment, which is considered safe, conducive, and liberal. He also encouraged the Karachi Chamber of Commerce and Industry (KCCI) to send a business delegation to Uzbekistan to strengthen cooperation and facilitate government-to-business and business-to-business meetings.
https://www.thenews.com.pk/print/1268359-uzbek-ambassador-aims-to-boost-bilateral-trade-to-1bnPakistan's Minister of Economic Affairs and the US Ambassador agreed to enhance economic diplomacy between the two countries. They plan to explore joint business ventures and promote investment opportunities in Pakistan, capitalizing on its positive macroeconomic developments such as improved stability and economic indicators. This move is expected to strengthen their seven-decade-long relationship by encouraging investment in Pakistan's growing economy through regular updates on macroeconomic data for the Pakistani diaspora.
https://www.thenews.com.pk/print/1268113-minister-envoy-to-us-to-engage-pakistani-diasporaAlisher Tukhtaev, the Uzbekistan Ambassador to Pakistan, and Bakhrom Yusupov, Trade Counsellor of Uzbekistan, met with Zubair Motiwala, Chief Executive of TDAP (Trade Development Authority of Pakistan), and Sheryar Taj, Secretary TDAP at their head office in Karachi. The meeting aimed to enhance bilateral trade between the two countries. A presentation on investment opportunities and trade potential in Uzbekistan was given by the Ambassador, followed by a video showcasing these prospects. In return, Motiwala briefed the dignitaries on TDAP's operations and highlighted the importance of its official web portal, PTP. The parties agreed to increase participation in joint exhibitions and exchange trade delegations between their countries. They also discussed attending upcoming events such as the Healthcare and Engineering Show at Lahore and the Food Agri Manufacturing Exhibition.
https://www.brecorder.com/news/40340847/uzbek-envoy-trade-counsellor-meet-tdap-chiefChina and Russia have agreed to collaborate on artificial intelligence (AI) technology, leveraging their respective strengths in areas such as finance, manufacturing, transportation, and quantum computing. This partnership aims to promote innovation and the application of AI globally. The collaboration is based on the complementary advantages of both countries, including technological research and innovation, as well as industrial applications and markets.
https://www.globaltimes.cn/page/202501/1326194.shtmlU.S. Steel's acquisition by Nippon Steel is seen as a strategic move to enhance US national and economic security through investment in manufacturing and innovation from a close ally. The deal aims to combat China's competitive threat in the steel industry, according to U.S. Steel officials. They argue that this transaction sets a positive precedent for "friendshoring" investments, ensuring the long-term success of U.S. Steel, its employees, communities, and customers.
https://www.upi.com/Top_News/US/2025/01/01/nippon-steel-us-steel-governmental-veto/4121735780682/During a meeting between Pakistani Minister Aurangzeb and US Ambassador Donald Blome, they agreed to promote investment opportunities in Pakistan by engaging the Pakistani diaspora community. The two countries aim to enhance economic diplomacy and explore joint business ventures, with the US remaining Pakistan's largest trading partner and export destination. They also plan to share regular updates on macroeconomic data with stakeholders and the diaspora to encourage investment in Pakistan's growing economy. This comes after the IMF approved a $7-billion loan programme for Pakistan in July 2022, which is aimed at promoting stability and inclusive growth.
https://www.brecorder.com/news/40340733/eyeing-stronger-pakistan-us-ties-aurangzeb-advocates-diaspora-engagementThe Chinese government has launched a comprehensive plan to promote the development of the Yangtze River Economic Belt, which is expected to boost economic growth in the region. The plan aims to create a powerful collaborative effort by attracting participation from various sectors of society, including state-owned enterprises and private companies. The initiative is part of China's broader strategy to drive economic growth and improve living standards for its citizens.
https://www.globaltimes.cn/page/202501/1326096.shtmlThe Finance Ministry's Department of Economic Affairs spearheaded initiatives to enhance India's global integration and ease of doing business in 2024. The Union Cabinet approved a new Framework on Currency Swap Arrangements for SAARC Countries, which introduced an INR Swap Window worth Rs 25,000 crore to promote the internationalisation of the Indian Rupee. This move aims to strengthen ties with SAARC nations and provide financial stability in the region. Additionally, India signed and enforced bilateral investment treaties with the UAE and Uzbekistan, and established a Joint Task Force on Investment with Qatar, further solidifying its international partnerships.
https://www.lokmattimes.com/business/finance-ministry-enhanced-indias-global-integration-ease-of-doing-business-in-2024-govt-report-1/