Author: admin

Pakistan’s pharmaceutical companies have signed 10 MoUs with Chinese firms to promote local manufacturing of active pharmaceutical ingredients (APIs), vaccine production, technology transfer, and investment inflows. A major Rs10 billion partnership between Unichem Pharmaceuticals Pakistan and China’s Xinxu Group will begin local production of key raw materials like Omeprazole API, which is largely imported, helping reduce import dependence and strengthen supply security. Another agreement involving Lucky Core Group also expands industrial cooperation. Officials said the initiative marks a major step toward self-reliance in healthcare, with plans to develop domestic vaccine production capacity ahead of expected global subsidy reductions by 2030,…

As global economic headwinds continue to weigh on South Asian economies, Pakistan is stepping onto a steadier growth trajectory – largely supported by the steady advancement of high-quality bilateral cooperation under upgraded frameworks. At the core of this positive turnaround lies the accelerated implementation of CPEC 2.0, which has emerged as the most reliable anchor for the country’s economic stability and long-term industrial upgrading amid complex regional uncertainties. This was stated by Prof Cheng Xizhong, Senior Research Fellow at the Charhar Institute, a non-governmental Chinese think-tank on diplomacy and international studies based in Beijing. He remarked that as of April…

Preparations for the federal budget 2026-27 have officially begun as an International Monetary Fund (IMF) delegation arrived in Pakistan for more than a week of talks with the country’s economic team. The IMF mission will remain in Pakistan until May 20, with key meetings planned with the Ministry of Finance, the Federal Board of Revenue, the State Bank of Pakistan and other government departments. Negotiations between Pakistan’s economic team and IMF officials have started, with the upcoming federal budget at the center of discussions. The two sides are expected to review new budget targets, tax revenue plans and financial reforms…

A cultural exchange event highlighting shared heritage and integrated development across the Taiwan Strait kicked off on Tuesday in Pingtan Comprehensive Experimental Area of east China’s Fujian Province. People from all ethnic groups, including Taiwan compatriots, jointly shaped the rich and vast homeland throughout the Chinese nation’s thousands of years of history, said Su Hui, vice chairperson of the National Committee of the Chinese People’s Political Consultative Conference, at the opening ceremony. Su, also chairperson of the Central Committee of the Taiwan Democratic Self-Government League, urged efforts to uphold firm historical confidence, continuously reinforce the sense of identity with the…

As the highly anticipated China-US presidential meeting approaches, China has reiterated that the Taiwan question is the very core of China’s core interests and that the US commitment to the one-China principle is the bedrock of the political foundation of China-US relations. In interviews with CGTN, multiple scholars from China highlighted the precedence of the Taiwan question in the upcoming leaders’ meeting, with some suggesting that mishandling it could fundamentally undermine China-US bilateral relations. According to Sun Taiyi, an associate professor of political science at Christopher Newport University, the significance of an agreement between China and the US on the…

Chinese President Xi Jinping held talks with Tajikistan’s President Emomali Rahmon in Beijing on Tuesday. Noting that steadfast mutual support is the defining feature of China-Tajikistan relations, Xi said that regardless of how the external environment may change, China and Tajikistan will always be good neighbors that help each other, good friends who trust each other, and good partners who work together for development. By signing the China-Tajikistan Treaty on Permanent Good-Neighborliness, Friendship and Cooperation, the two sides will fully showcase their strong political mutual trust and provide a solid guarantee for the enduring friendship between the two nations, Xi…

Chinese President Xi Jinping met with the Crown Prince and Senior Minister at the Prime Minister’s Office of Brunei Darussalam Haji Al-Muhtadee Billah in Beijing on Tuesday, calling for strengthening strategic communication and deepening practical cooperation. China and Brunei are close and friendly neighbors, with the Maritime Silk Road binding the two countries together, Xi said, adding that the cooperation between the two countries has not only delivered tangible benefits to the two peoples but also set a good example of equal treatment and win-win cooperation between countries of different sizes. The important consensus to build a China-Brunei community with…

By: Khurshed Asadov The first quarter proved highly favorable for Uzbekistan’s economy. Economic growth reached 8.7%, inflation fell to its lowest level in recent years, investment hit a record high, and exports continued to expand steadily. Economic Growth Dynamics The pace of economic growth achieved by Uzbekistan in the first quarter exceeded the expectations of international institutions. The Asian Development Bank had projected 6.7% growth for the first quarter. The World Bank initially forecast 6.0%, but revised it upward to 6.4% in April. The IMF also raised its forecast in April from 6.2% to 6.8%. In practice, Uzbekistan’s economy grew…

ISLAMABAD (DI NEWS) : ​H.E. Dr. Oumer Hussien Oba, Ambassador Extraordinary and Plenipotentiary of the Federal Democratic Republic of Ethiopia, paid an official visit to the Sialkot Chamber of Commerce and Industry (SCCI) on Tuesday. Upon his arrival, he was accorded a warm welcome by Mr. Murad Arshad, Senior Vice President of the SCCI, along with several Executive Members. Addressing the SCCI members, the Ambassador appreciated Sialkot’s significant industrial potential and highlighted the vast opportunities for establishing bilateral cooperation in trade and investment between Ethiopia and Pakistan. ​The Ambassador explained about the specific competitive advantages Ethiopia offers to Pakistani investors,…

The International Monetary Fund (IMF) has urged Pakistan to take immediate and strict measures against trade-based money laundering ahead of the federal budget for fiscal year 2026-27. The IMF has also expressed concern over suspicious financial transactions in the trade, banking, real estate and non-financial business sectors. During preparations for the new fiscal year budget, the IMF asked the government to stop money laundering being carried out under the guise of trade. The Fund also called for addressing shortcomings in the exchange of beneficial ownership information and strengthening financial supervision. Concerns over suspicious transactions According to the report, the…