Foreign businesses’ direct investment into China last year increased by the lowest amount since the early 1990s, underscoring challenges for the nation as Beijing seeks more overseas funds to help its economy. China’s direct investment liabilities in its balance of payments stood at $33 billion last year, according to data from the State Administration of … Read more
“There is nothing like it, anywhere.” That’s the first line describing a home (if you can call it that) listed for $295 million in Naples, Florida. It’s the most expensive home for sale in the country, according to the Wall Street Journal. Located in an “exclusive neighborhood” known as Port Royal, the home has … Read more
KARACHI: The investment landscape in Pakistan is marred by a complex network of legal, transparency and bureaucratic challenges as well as weak democratic institutions.The mining lease for Reko Diq or the agreement with the independent power producers (IPPs) are just two examples that offer many valuable lessons. Attracting foreign investment is crucial for the … Read more
Pakistan and Kuwait are set to sign seven memorandums of understanding (MoUs) for investments worth $10 billion in various sectors, including environment, mining, information technology (IT) and food security. The MoUs will be signed during the upcoming visit of caretaker Prime Minister Anwaarul Haq Kakar to Kuwait, following the approval of the federal cabinet … Read more
BYD is emerging as formidable competitor to Tesla and is on track to surpass the latter as world’s largest EV manufacturer In this file photo taken on Oct 17, 2022, the electric BYD Seal berline of Chinese automaker BYD is presented on the first day of the Paris auto show. — AFP BYD delegation … Read more