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Pakistan’s IT and IT-enabled services exports witnessed a robust increase of $586 million during the fiscal year 2024-25, reaching an all-time high of $3.809 billion, the Senate Standing Committee on Information Technology and Telecommunication was informed on Thursday. The committee, chaired by Senator Pilusha Khan, reviewed the performance of the country’s technology sector in a detailed briefing by officials of the Pakistan Software Export Board (PSEB). The data presented showed that the sector recorded an 18 per cent increase in export earnings compared to the previous year’s $3.223 billion. PSEB officials noted that despite prevailing global economic challenges, Pakistan’s IT…

Chinese Foreign Minister Wang Yi on Wednesday said China and the United States should establish more channels for communication and consultation and approach each other with an objective, rational and pragmatic attitude. Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, made the remarks during a meeting in Beijing with a delegation from the board of the U.S.-China Business Council (USCBC). Wang noted that the world is undergoing a period of turbulence and transformation and that China-U.S. relations are both affected by and influencing global developments. “Regardless of how the situation evolves, China’s…

The Communist Party of China (CPC) Central Committee has held a symposium with non-CPC personages to seek opinions and suggestions on the country’s current economic situation and economic work for the second half of the year. Xi Jinping, general secretary of the CPC Central Committee, presided over the symposium and delivered an important speech on July 23. Stressing the general principle of pursuing progress while ensuring stability, Xi said efforts should be made to keep employment, businesses, markets and expectations stable, effectively bolster consumption, and break free from rat-race competition. Work should be done to strengthen domestic economic circulation and…

The fourth plenary session of the 20th Communist Party of China (CPC) Central Committee will be held in Beijing in October, according to a decision made at a CPC Central Committee Political Bureau meeting on Wednesday. According to the main agenda of the session, the Political Bureau will report its work to the CPC Central Committee, and the session will study the proposals for formulating the 15th Five-Year Plan for national economic and social development. Xi Jinping, general secretary of the CPC Central Committee, chaired Wednesday’s meeting. The meeting also analyzed and studied the current economic situation and made arrangements…

ISLAMABAD (DI NEWS) :The Sahiwal Coal-Fired Power Plant (CFPP), with its 1,320 MW generation capacity, once again proved to be a linchpin in the stability and resilience of Pakistan’s national grid during the summer and monsoon seasons of 2025. As electricity demand surged due to unprecedented heatwaves and heavy rainfall events, the plant’s strategic location, robust base-load capability, and technical integration into the national transmission network allowed it to play a vital role in supporting the Independent System & Market Operator (ISMO) in maintaining uninterrupted power delivery across major regions. During the peak summer months of May to July 2025,…

ISLAMABAD (DI NEWS) : The China Program at the Institute of Regional Studies (IRS), Islamabad, hosted a panel discussion titled “China-led Cooperation in South Asia Beyond Geopolitics: Partnerships for Peace, Development and Common Prosperity.” The event brought together ambassadors, academics, policy analysts, and media professionals to examine the emerging trilateral cooperation of China, Pakistan, and Bangladesh. In his opening remarks, Ambassador Jauhar Saleem, President of IRS, highlighted the urgency of rethinking regional collaboration in South Asia, a region home to over 1.9 billion people yet plagued by persistent underdevelopment, limited integration, and pressing environmental and geopolitical challenges. “South Asia accounts…

RAWALPINDI: Field Marshal Asim Munir has said that India escalated its proxy war against Pakistan following its defeat in “Marka-e-Haq” — the 19-day military conflict with New Delhi spanning April 22 to May 10, the Inter-Services Public Relations (ISPR) said on Wednesday. Interacting with participants of the 16th National Workshop in Balochistan, the military’s media wing added, the chief of army staff (COAS) vehemently condemned India’s blatant sponsorship of terror proxies, characterising them as a failed attempt to target the deep-rooted patriotism of the people of Balochistan. Noting that India had escalated its proxy war to advance nefarious designs i.e., Fitna-al-Khawarij and…

A powerful earthquake measuring over 8.7 in magnitude struck off the coast of Kamchatka in Russia’s Far East, making it the strongest seismic event recorded globally since 2011. Tsunami warnings have been issued for coastal areas across the Pacific, including Russia, Japan, and the United States. The U.S. National Tsunami Warning Center has also issued advisories for Alaska, Hawaii, and the West Coast. The quake strikes 136km east of Petropavlovsk-Kamchatsky in Russia’s far east, according to US Geological Survey. Authorities in the affected regions are urging residents in low-lying coastal areas to stay alert, move to higher ground, and follow…

At least 18 migrants, including Pakistanis, died when a vessel capsized off the coast of Tobruk in eastern Libya, according to Arab media reports. Ten survivors have been accounted for so far, the IOM said. Tobruk is a coastal city near the border with Egypt. A diplomatic source from the Egyptian consulate in Benghazi in eastern Libya told Reuters by phone that the migrants are from Egypt. The diplomat said 10 bodies were identified and transferred back home, while the survivors were being held in an anti-illegal migration facility. A Libyan Coast Guard official said the bodies of migrants were found…

Consumers in Pakistan may get some relief at the fuel pumps as prices of petroleum products are expected to drop from August 1, according to sources familiar with the matter. The ex-refinery price of petrol is projected to decrease by Rs9.7 per litre, while the price of high-speed diesel (HSD) is likely to fall by Rs3.73 per litre, sources said. The anticipated reduction is attributed to a decline in global crude oil prices and a drop in premium charges and customs duty. Global factors drive down costs According to industry sources, the international price of petrol per barrel has fallen…