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In a major boost for Pakistan’s economy, the Asian Development Bank (ADB) is set to provide $410 million in financing for the Reko Diq mining project, sources confirmed on Thursday. The package, which is expected to be formally announced after approval from ADB’s board, includes a $300 million loan and a $110 million financing guarantee. Lifeline for mining sector Located in Balochistan, the $6.6 billion Reko Diq project is a joint venture between Barrick Gold Corporation and the government of Pakistan. Under the agreement, Barrick Gold holds a 50% stake, while the federal and provincial governments share the remaining 50%.…

Following days of heavy rains in the city, confusion continues over the reopening of schools as most private institutions have shifted to online classes, while the Sindh Education Department remains undecided about reopening government schools on Friday. Private schools move to online learning Several private schools across Karachi have announced that they will conduct online classes on Friday instead of resuming on-campus learning. Administrators say the decision was taken in light of flooded streets, damaged infrastructure, and safety concerns for students and staff. Moreover, academic activities at Jinnah Sindh Medical University will also remain suspended on Friday. All classes have…

The Pakistan Hosiery Manufacturers and Exporters Association (PHMA) has confirmed that textile industry has witnessed an increase of $400 million. According to details surfaced on Thursday, the PHMA has issued a report, the textile exports in July this year were worth $1.67 billion as compared to $1.27 billion in the same month in 2024. The exports have surged by 32 per cent in the last month, said the PHMA. Meanwhile, the made-up garments’ exports witnessed a surge of 45.38, while the knitwear garments’ exports increased by 43.50 per cent. Moreover, the bedware garments’ exports surged by 38%, while the ready-made…

Instagram has introduced a feature allowing creators to connect multiple reels in a series, the Meta-owned social network has told TechCrunch exclusively. This function, already available on TikTok, enables viewers to follow and discover related content more easily. Creators telling stories or providing follow-ups can now link all relevant reels, so viewers do not need to scroll or search for different parts. Previously, creators often urged followers to return for ‘part 2’ or check back for updates. This feature allows creators to organise related reels, making it easier for audiences to follow the sequence. Beyond story arcs, the feature can group similar…

China and Pakistan reaffirmed their “ironclad” friendship and all-weather strategic partnership during Chinese Foreign Minister Wang Yi’s visit to Islamabad, where he met Prime Minister Shehbaz Sharif, President Asif Ali Zardari, Foreign Minister Ishaq Dar, and senior officials. Both sides emphasized their commitment to promoting regional peace, development, and stability, with China praising Pakistan’s defense of sovereignty and Pakistan reiterating support for China on its core issues. Discussions highlighted deepening cooperation in trade, investment, ICT, agriculture, mining, and industrialization, while underscoring the vital role of CPEC in socio-economic progress and regional connectivity. PM Shehbaz lauded President Xi Jinping’s leadership, recalled…

President Asif Ali Zardari reaffirmed Pakistan’s unwavering friendship with China, calling the two countries “iron brothers” and noting that ties with Beijing are the cornerstone of Pakistan’s foreign policy. In his meeting with Chinese Foreign Minister Wang Yi at Aiwan-e-Sadr, the President thanked China for supporting Pakistan’s sovereignty, development, and stance on Kashmir, while also expressing condolences over recent flood losses in China. He highlighted the strategic importance of CPEC under the Belt and Road Initiative and emphasized celebrating the 75th anniversary of diplomatic relations in 2026. Wang Yi, in turn, stressed that China-Pakistan friendship is time-tested, based on mutual…

ISLAMABAD (DI NEWS) : On August 21 local time, Korea version of Echoes of Peace cultural exchange event co-hosted by China Media Group (CMG), the China Cultural Center in Seoul, and the Memorial Hall of the Provisional Government of the Republic of Korea, was held in Seoul. (Chinese Ambassador to South Korea Dai Bing) Shen Haixiong, Vice Minister of the Publicity Department of the CPC Central Committee and President of CMG, as well as former Speaker of the National Assembly of Korea Kim Jin-pyo, delivered video addresses. Chinese Ambassador to South Korea Dai Bing， Kim Yang — grandson of independence…

Pakistan and China, during the 6th Strategic Dialogue in Islamabad, reaffirmed their strong partnership and commitment to advancing the upgraded China-Pakistan Economic Corridor (CPEC). Both sides agreed to transform CPEC into a “growth, livelihood-enhancing, green, and open corridor,” expanding cooperation in industry, agriculture, mining, Gwadar Port, and the ML-1 railway project. They also pledged closer collaboration at multilateral forums, especially the UN, and preparations for Prime Minister Shehbaz Sharif’s upcoming visit to China for the SCO summit. Marking the 75th anniversary of diplomatic ties next year, both countries will organize special events. China assured continued support for Pakistan’s sovereignty, counter-terrorism…

A readers’ forum on the book titled “Xi Jinping: On Respecting and Protecting Human Rights” was held in Addis Ababa, the capital of Ethiopia, on Thursday. In his address at the forum, Jiang Jianguo, executive vice president of the China Society for Human Rights Studies, noted that the book has been published in 13 foreign languages, attracting readers worldwide from the fields of human rights, politics, academic research, media and think tanks. From this book, readers can see Xi’s deep care for the people and his vision for the world as a leader of a major party and a major…

The Shanghai Cooperation Organization (SCO) Summit 2025 will be held in Tianjin from August 31 to September 1. Chinese President Xi Jinping will chair the 25th Meeting of the Council of Heads of State of the SCO and the “SCO Plus” Meeting and deliver keynote speeches, a Foreign Ministry spokesperson announced on Friday. During the summit, President Xi will host a welcome banquet and bilateral events for participating leaders, the spokesperson said.