Economy

Engro to take a chance on the rising middle class

Photo: Reuters Chemicals-to-energy conglomerate Engro Corp has seen its fortunes rise on the back of massive Chinese investment, but plans to shape its future growth around the country’s vast population and expanding middle class, its chief executive said. Engro Corp, best known for its fertiliser and petrochemicals factories, as well …

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Pakistan to establish special economic zones in Gwadar

Reuters Photo Pakistan will establish special economic zones and give priority to the development projects in Gwadar, the cabinet committee on CPEC decided Saturday. The cabinet committee decided to pay special attention to Pakistan Railways’ Main Line-1 project. Under the Main Line-1 project, the railways’ track to Karachi, Lahore and …

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US to impose tariffs on $200b in Chinese goods: reports

Photo: AFP US President Donald Trump has decided to impose tariffs on $200 billion in Chinese imports and could make the announcement in the coming days, US media reported. Citing anonymous sources, The Washington Post and The Wall Street Journal reported that the tariffs would be set at 10 percent. …

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