GENEVA – Global foreign direct investment collapsed in 2020, falling 42% to around $859 billion from US $1.5 trillion in 2019, according to UNCTAD’s 38th Global Investment Trends Monitor released on January 24. Foreign Direct Investment (FDI) is believed to have ended last year more than 30% below the trough …
Read More »Biden Administration Has to Recognize Pakistan Based on New Ground Realities: Qureshi
MULTAN, Pakistan – Pakistani Foreign Minister, Shah Mahmood Qureshi, said the administration of US President, Joe Biden, must recognize the world and engage with the new Pakistan based on the new realities on the ground. Speaking to a press conference in Multan on Sunday, he said that Pakistan and especially …
Read More »Prospects of Pak-Afghan Trade
Afghanistan and Pakistan as neighboring countries, with around 2,600 km long border, rely on each other to a great extent; particularly, in the domain of their trade requirements. Afghanistan, being dominated by insecurity for more than four decades now, does not have strong economic system and requires to import most …
Read More »Pakistan, China Partnership Termed Vital for National, Regional Security
ISLAMABAD – The “Pakistan-China National Security Partnership” webinar was hosted by the Development Communications Network (Devcom-Pakistan) on Sunday. Chairman of the Standing Senate Committee on Foreign Affairs Senator Mushahid Hussain Sayed and Lieutenant-General Talat Masood were the keynote speakers. Senior Washington reporter Anwar Iqbal, Devcom-Pakistan executive director Munir Ahmed, Professor …
Read More »ILO Calls for Greater Protection of Homeworkers
GENEVA – The International Labor Organization (ILO) has called for greater protection of homeworkers, who have increased in the face of the impact for Covid-19. In its report “Working from home from invisibility to decent work”, UN agency shows that this group does not have the same level of protection …
Read More »US Criticizes India, Italy and Turkey Over Digital Taxes
WASHINGTON – The digital services taxes adopted by India, Italy and Turkey discriminate against U.S. businesses and are inconsistent with international tax principles, the Office of the U.S. Trade Representative (USTR) said on Wednesday, paving the way for possible retaliatory tariffs. The USTR, releasing the findings of its “Section 301” …
Read More »Pakistan Needs $6 Billion Annual Investment for Water Supply and Sanitation: ADB
ISLAMABAD – Pakistan needs an annual investment of roughly $6 billion for water supply and sanitation in the country, the Asian Development Bank (ADB) reported. Based on the projected annual investment needs for Pakistan’s water supply and sanitation, the projected investment would amount to about 2.3 percent of the country’s …
Read More »Pakistan Warns India Against ‘False Flag’ Attacks
ISLAMABAD – Pakistan blamed Friday’s attack on India, suggesting that it was intended to embarrass Islamabad and damage relations with the international community. The two UN observers in the vehicle escaped unharmed. “I am saying clearly to the (international) community that if India were reckless enough to conduct a false …
Read More »Hundreds of People Infected by Mysterious, Deadly Illness in India
NEW DELHI – A ‘mysterious’ disease killed one and hospitalized hundreds in central India, just two days after people started showing symptoms. It started on Saturday when 45 people from Eluru in Andhra Pradesh started showing strange symptoms, including seizures, sudden loss of consciousness, foam in their mouths and chills, …
Read More »Pakistan Reaffirms Cooperation to UNCTED in Anti-Terror Efforts
ISLAMABAD – Permanent Representative of Pakistan to the United Nations, Munir Akram, met Executive Director of the Counter-Terrorism Committee of Security Council (UNCTED), Michèle Coninsx, in New York. They discussed areas of common interest and reaffirmed their commitment to close cooperation in counterterrorism efforts, according to a statement released by …
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