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Debt

Pakistan Requests China to Reschedule $3.4 Billion Debt Amid IMF Program

ISLAMABAD, November 09 2024: Pakistan has formally requested China to reschedule an additional $3.4 billion worth of official and guaranteed debt for two years. This debt, which is due for repayment during the International Monetary Fund (IMF) program period, is pivotal to Pakistan’s ongoing financial stabilization efforts. Government sources, speaking to The Express Tribune, emphasized…

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PAK CH

Pak Companies to Attend Road Shows in China: B2B Activities to Be Accelerated

Islamabad, October 23, 2024 – In a significant move to enhance trade relations, major Business-to-Business (B2B) roadshows focusing on the leather and fisheries sectors are set to take place in China. The events will be held on October 29 in Qingdao and November 5 in Guangzhou, featuring prominent Pakistani participation, including 30 representatives from 17…

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China

PTCL and China Mobile Join Forces to Enhance International Connectivity

KARACHI, October 23 2024: Pakistan Telecommunication Company Limited (PTCL), the largest telecommunications and integrated ICT services provider in Pakistan, has announced a strategic partnership with China Mobile International Limited (CMI) during GITEX Global 2024 in Dubai. This collaboration aims to share global network resources, significantly improving connectivity for customers both locally and internationally. The agreement…

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ST

Starbucks Suspends Outlook as New CEO Aims for Turnaround Amid Weak Demand

New York, October 22, 2024 — Starbucks Corp (SBUX.O) has suspended its financial forecast for the upcoming fiscal year as its newly appointed CEO, Brian Niccol, seeks to overhaul the coffee giant’s strategy amid declining demand for its premium beverages. The company also reported preliminary results for its fourth quarter, revealing declines in same-store sales,…

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