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Tesla ​unveiled a redesigned Roadster powered with rocket-style thrusters on Thursday and said it would start production in 2028, more than a decade after it first showed a next-generation ‌version of its electric sports car. The white two-seater vehicle, developed in collaboration with CEO Elon Musk’s rocket company SpaceX, drove upside down on a ramp using a suction system, turned in the air and landed using built-in thrusters. Later in the event, it used the thrusters to jump over a truck and other vehicles, twisting in the air during the manoeuvre. Some watchers saw the collaboration as Musk drumming up…

In a key development, Pakistan has been nominated to chair the World Bank Group and IMF Boards of Governors in 2027, the Ministry of Economic Affairs said on Friday, marking the country’s first such appointment since 1953. “Federal Minister for Economic Affairs and Governor WBG for Pakistan, Ahad Khan Cheema, has been formally announced as the incoming Chair of the Boards of Governors of the World Bank Group (WBG) and the International Monetary Fund (IMF) for 2027,” read a statement. The announcement, made during the Plenary Session of the 2026 WBG–IMF Annual Meetings in Bangkok, marks a historic milestone, as…

China and Pakistan launched their first-ever joint army training exercise, Karakoram 2026, in Korla, Xinjiang, focusing on counter-terrorism operations in high-altitude areas. The exercise includes UAV operations, target search and firing, long-range sniping, joint command, and live-force drills, using Chinese-provided weapons and equipment. The initiative aims to enhance operational interoperability, exchange military expertise, and strengthen bilateral defence cooperation. It builds on longstanding military ties, including joint border patrols at Khunjerab Pass and the annual Warrior counter-terrorism exercise series.

Pakistan plans further Panda bond issuances under an approved RMB 7.2 billion programme as it seeks to become a repeat sovereign issuer in China’s capital market, according to a Pakistani government statement. Finance Minister Muhammad Aurangzeb discussed the plans with Chinese Finance Minister Lan Fo’an in Bangkok on Oct 15, on the sidelines of the World Bank Group-IMF Annual Meetings. Aurangzeb pointed to progress towards macroeconomic stability, while Lan welcomed Pakistan’s renewed access to international capital markets. The ministers reviewed Pakistan’s inaugural Panda bond issuance and plans for further fundraising in China. The bond carried a 2.5 per cent coupon…

Pakistan’s Quantum Data Technologies Limited (PSX: QTECH) has signed a strategic cooperation agreement with China’s Guangzhou Great Power Energy & Technology Co., Ltd. to introduce and progressively undertake local assembly of advanced lithium-based battery energy storage systems, according to a company announcement to the Pakistan Stock Exchange on Wednesday. Under the Strategic Cooperation and Market Development Framework Agreement, the two companies plan to develop battery energy storage solutions for residential and commercial users, industrial facilities and utility-scale applications. The proposed collaboration will also target data centres, artificial intelligence (AI) infrastructure, electric vehicle (EV) battery infrastructure and other energy-intensive sectors. Great…

The China-Pakistan “Jingchu Workshop” joint project officially commenced its international training programme on new energy vehicle (NEV) technology at Xiangyang Polytechnic University on October 13, 2026. Five trainees from Daewoo Pakistan Express Bus Service Limited are attending the 19-day programme in China, focusing on NEVs and intelligent connected vehicles. According to Xiangyang Polytechnic University, the programme is designed around the actual development needs of Pakistan’s NEV industry. It combines systematic theoretical instruction with hands-on training to help participants master core NEV technical principles, basic applications of intelligent connected vehicle functions, and common fault diagnosis and troubleshooting methods. The aim is…

Deepening China-Türkiye strategic cooperation will not only benefit the people of both nations but also boost the global economic recovery, Chinese Foreign Minister Wang Yi said on Thursday while meeting with Turkish Foreign Minister Hakan Fidan on the sidelines of the 7th Summit of the Conference on Interaction and Confidence Building Measures in Asia (CICA) in Baku. During the meeting, Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, emphasized that China places great importance on its relationship with Türkiye and is willing to elevate bilateral strategic cooperation to new heights. He stated that China…

China’s clean energy equipment industry has made significant progress in technological innovation, industrial scale and international market expansion this year, providing strong support for the global energy transition, according to the China Machinery Industry Federation (CMIF). China’s total installed power generation capacity reached 4.103 billion kilowatts by the end of August, up 11.1% year on year, reflecting continued growth in the country’s energy infrastructure. In the first half of this year, output of nuclear power, hydropower and wind power generating units increased 92%, 51.9% and 11.5% year on year, respectively, the CMIF said. On October 13, Dongfang Electric Machinery, based…

“Innovation Today, Food Security Tomorrow” is the theme for the 46th World Food Day, which takes place on Friday. As artificial intelligence (AI) moves from laboratories to fields, China’s agriculture sector is undergoing a shift from experience-driven to data-driven farming. AI is accelerating advances in seed breeding. The “Shennong Guxin” intelligent breeding model developed by China Agricultural University integrates genotypic data with agricultural knowledge graphs, drawing on tens of millions of data entries. The model has shortened breeding cycles by more than 30%, reducing the time needed to develop new varieties from the conventional five to eight years to two…

China will host the 2026 Global Governance Forum (Xiongan) from October 23 to 25 in Xiongan New Area, north China’s Hebei Province, according to the Chinese People’s Institute of Foreign Affairs.