Search Result for : Nawaz Sharif

The Dollar Business Bureau Prime Minister Narendra Modi left for Kazakhstan on Thursday to attend the two-day summit of Shanghai Cooperation Organisation (SCO). During the summit to be held on June 8-9 in Astana, the capital city of Kazakhstan, India is set to become a member of the SCO. The Prime Minister will also attend the inauguration of the Astana Expo 2017 on Friday which is based on the theme of ‘Future Energy’ this year. “At this meeting, on completion of the process, India will become a full Member of the SCO upon which SCO will represent over 40% of humanity and nearly 20% of global GDP,” the PM wrote. “We launched the process of full membership in Tashkent meeting of the SCO last year. I look forward to deepening India’s ...

The Dollar Business Bureau India and Pakistan's admission as full members to the Shanghai Cooperation Organisation (SCO) will be formalised at the political and security grouping's summit in Kazakhstan next week, China announced today, while hoping that they would "strictly follow" its charter. Chinese Foreign Ministry spokesperson Hua Chunying hoped that the admission of India and Pakistan as full members would help improve their bilateral relations. "Hope India and Pakistan strictly follow the charter of the SCO and the idea of good neighbourliness, uphold the SCO spirit, improve their relations and inject new impetus to the development of the SCO," Hua told a media briefing here. She confirmed that the lengthy process of their admission into the group, which took years ...

PTI India boycotted China's high-profile Belt and Road Forum, taking its protest over a controversial economic corridor traversing through Pakistan- occupied Kashmir (PoK) to a new level despite Beijing's overtures to ensure New Delhi's participation. Following India's boycott, Pakistan Prime Minister Nawaz Sharif, taking a veiled swipe at New Delhi's move, said the multi-billion dollar China-Pakistan Economic Corridor (CPEC) was an economic project open to all the nations in the region and it "must not be politicised". No Indian official of any level was present at the elaborate opening ceremony attended by 29 heads of state and government along with top officials of the world bodies like the UN, the World Bank and the IMF. India skipped the ...

The Dollar Business Bureau | @TheDollarBiz The Federation of Indian Exporters Organisation (FIEO) says that bilateral trade between India and Pakistan has the potential to grow almost four times to over $10 billion if Pakistan grants the Most Favoured Nation (MFN) status to India. Under the World Trade Organisation (WTO) obligations, India had granted the MFN status to Pakistan in 1996, but Pakistan has not reciprocated so far. In 2012, the Pakistan government agreed to award the MFN status to India and it was anticipated that the Nawaz Sharif government will do so by the end of 2014. However, the recent turmoil in Kashmir has derailed negotiations between the two countries. FIEO hopes that talks between India and Pakistan will ...