The Ministry of Commerce (MOC) said China and Pakistan free trade zone service trade agreement will take effect this month. It indicated a free trade zone between China and Pakistan would be set up involving goods trade, investment, according to the MOC. service trade and The agreement was signed in February this year. According to the agreement, based on the commitments to the World Trade Organization (WTO), Pakistan will open 102 sub-departments in 11 service departments and China will open 28 sub-departments in six service departments. China – Shang Hai Sustainable Economic Gain With Restructuring Shanghai is prioritizing its economic structure to achieve ...

The Reserve Bank today said the soft monetary policy adopted by it to counter the impact of the global financial meltdown on the country will continue till the economic recovery is secured. "Especially on monetary policy, we will not exit unless we are sure that recovery is secured ...but soon thereafter when we make the judgment that the recovery is secured, we have to unwind the accommodation monetary policy," said RBI Governor, D. Subbarao. However, the Governor added, the government and the RBI will have to take a call on exiting from stimuli given for perking up the slowing down economy sooner ...