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A highly anticipated symposium on private enterprises was held in Beijing on Monday, where Chinese President Xi Jinping delivered a keynote speech after listening to representatives of private entrepreneurs, including Huawei’s Ren Zhengfei, BYD’s Wang Chuanfu, New Hope’s Liu Yonghao, Will Semiconductor’s Yu Renrong, Unitree Robotics’ Wang Xingxing and Xiaomi’s Lei Jun. The private sector enjoys broad prospects and great potential on the new journey in the new era. It is a prime time for private enterprises and entrepreneurs to give full play to their capabilities, President Xi said. Unswerving support During the symposium, President Xi reiterated his unwavering commitment to…

ISLAMABAD (DI NEWS): The International Conference on “Regional Connectivity & Pakistan: Emerging Opportunities”, organized by Pakistan-China Institute (PCI), Islamabad Think Tank brought together high-level government officials, diplomats, business leaders, and experts to discuss Pakistan’s pivotal role in fostering regional connectivity, trade expansion, and investment opportunities. The conference, structured into three sessions, provided a platform for open discussions reaffirming Pakistan’s strategic importance in linking South Asia, Central Asia, the Gulf, and China. The event was moderated by Mustafa Hyder Sayed, Executive Director, Pakistan-China Institute, who highlighted Pakistan’s resilience in a turbulent neighborhood. He emphasized that despite enduring significant economic erosion, key…

Pakistan’s current account, which had remained in surplus for five months, slipped into a deficit in January due to increasing imports, according to the State Bank of Pakistan (SBP). The country recorded a current account deficit of $420 million in January, marking the highest level in seven months. The surge in imports pushed Pakistan’s average monthly import bill from $4.25 billion to $5 billion. Despite this setback, the cumulative current account for the first seven months of the ongoing fiscal year remained in surplus at $680 million. In contrast, during the same period of the previous fiscal year, the current…

Pakistan Muslim League-Nawaz (PML-N) leader Mushahid Hussain said on Tuesday that Pakistan was on the verge of prosperity in line with the China-Pakistan Economic Corridor (CPEC). Expressing his thoughts, Hussain said, “The Pakistan-China relations are of great importance. The CPEC is playing a great role in promoting geographical communication.” He acknowledged the role of President Asif Ali Zardari in the CPEC project, saying, “Asif Ali Zardari is having a great role to play in the uplift of the CPEC.” “The work has been started on the second phase of the CPEC,” he said. Separately, few days back, Pakistan Peoples Party…

ISLAMABAD: Supreme Court’s Justice Naeem Akhtar Afghan has observed that the court martial of civilians is not barred under international principles. His remarks came during the hearing of an intra-court appeal against military trials of civilians. A seven-member constitutional bench, led by Justice Amin-Ud-Din Khan, heared the intra-court appeal against the military trials of civilians, during which senior lawyer Salman Akram Raja presented arguments on behalf of the convicted defendan, Arzam Junaid. Last year, the apex court’s constitutional bench granted conditional permission to military courts to announce verdicts in cases involving 85 suspects — allegedly involved in the May 9, 2023,…

Kristalina Georgieva, Managing Director International Monetary Fund (IMF), lauded Pakistan’s economic progress, saying the country was moving in the “right direction”. “This is indeed the right trajectory, the right direction to travel,” said Georgieve while lauding Aurangzeb and his team for their “dedication to stay the course”. She remarked while moderating a panel discussion, titled “A Path for Emerging Market Resilience,” on the second day of AlUla Conference for Emerging Market Economies in Saudi Arabia. The session was attended by Finance Minister Muhammad Aurangzeb and his counterparts from Türkiye, Brazil, and Egypt. Cash-strapped Pakistan is currently under a $7 billion…

Pakistan captain Mohammad Rizwan has confirmed that Babar Azam will open the innings in the upcoming match against New Zealand, dismissing speculations regarding any change in the batting order. Speaking at a press conference in Karachi, Rizwan said, “We have not received any information that Babar Azam will not open. The board is satisfied with Babar, and he will continue to open in the future.” The captain also provided an update on fast bowler Haris Rauf, stating that he is fully fit and bowling with rhythm. “Inshallah, he will play tomorrow’s match,” Rizwan assured. Expressing confidence in the team’s preparations…

Pakistan’s first lunar rover mission is set to launch in 2028. SPARCO (Space and Upper Atmosphere Research Commission) has announced a nationwide competition for naming the lunar rover. According to SPARCO’s spokesperson, citizens are encouraged to submit their suggestions for the rover’s name and become part of history. The individual who proposes the best name will receive a reward of one lakh rupees. This announcement marks a major milestone in Pakistan’s space research and paves the way for more ambitious space missions in the future.

Deputy Prime Minister Ishaq Dar claimed that the 2018’s government had compromised with terrorism, leading to the return of 35,000 to 40,000 militants of the banned Tehreek-e-Taliban Pakistan (TTP) to Pakistan. He was talking to the Pakistani community in New York City (NYC) the other day. Dar remarked that terrorism had resurfaced in the country as a result of these decisions. Addressing the current situation, Dar emphasized that tough decisions had been made to safeguard the country and reshape its dire economic situation. He stated, “It was not easy to climb out of such a deep economic pit.” However, he…

Punjab Chief Minister Maryam Nawaz has launched the ‘Asaan Karobaar’ programme, an initiative aimed at providing interest-free loans to entrepreneurs and Small and Medium Enterprises (SMEs) across the province. The programme seeks to promote economic growth by facilitating startups and existing businesses with accessible financing. Addressing the launch ceremony in Lahore, CM Maryam Nawaz stated that the programme was the first of its kind in Punjab’s history, offering interest-free loans ranging from Rs1 million to Rs30 million to promote business activity. She further announced that land would also be provided at highly subsidised rates to support new enterprises. Interest-free loans…