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China’s Xinjiang Uygur Autonomous Region is rapidly emerging as one of the country’s most important inland logistics hubs under the Belt and Road Initiative (BRI), positioning itself as a key gateway to Central Asia, according to Kym Bergmann, editor of Asia Pacific Defense Reporter and Defense Review Asia, who visited the region with an international media delegation in September. Once a small Silk Road trading post, Urumqi, capital of Xinjiang, is now a modern city of 4 million with expressways, rail links across Central Asia, and a new international airport that opened in April. Its vast railway yard dispatches around…

China’s economy is underpinned by a stable foundation, multiple advantages, strong resilience, and great potential, and the supporting conditions and fundamental trends for long-term sound economic development have not changed, an official said on Friday. Han Wenxiu, executive deputy director of the Office of the Central Committee for Financial and Economic Affairs, made the remarks during a press conference on the guiding principles from the fourth plenary session of the 20th Communist Party of China (CPC) Central Committee in Beijing. China’s development has entered a period where strategic opportunities, risks and challenges are concurrent, with increasing uncertainties and unpredictable factors,…

The 20th Central Committee of the Communist Party of China concluded its fourth plenary session on Thursday in Beijing with a communique issued. The following is the full text of the communique: Communique of the Fourth Plenary Session of the 20th Central Committee of the Communist Party of China Adopted at the fourth plenary session of the 20th Central Committee of the Communist Party of China on October 23, 2025 The 20th Central Committee of the Communist Party of China (CPC) convened its fourth plenary session in Beijing from October 20 to 23, 2025. A total of 168 members and…

Prime Minister Shehbaz Sharif has announced a landmark initiative — the ‘Roshan Maishat Bijli Package’ — to strengthen Pakistan’s industrial and agricultural sectors, providing them with additional electricity at concessional rates for three years. The announcement came during a meeting with a delegation of industrialists, agricultural experts, and business leaders, where the prime minister highlighted the government’s commitment to economic growth, employment creation, and export enhancement. Industries, farmers to receive discounted power Under the new package, industries and farmers will be provided with additional electricity at significantly reduced prices to lower production costs and enhance competitiveness. Prime Minister Shehbaz Sharif stated…

Pakistan’s Deputy Prime Minister and Foreign Minister Ishaq Dar and Poland’s Deputy Prime Minister and Foreign Minister Radosław Sikorski vowed to take bilateral relations “to new heights” based on mutual respect, equality, and shared strategic interests. During a joint press conference on Thursday, the two leaders reaffirmed their commitment to strengthening Pakistan–Poland relations, emphasizing economic, trade, and political collaboration.Discussions focused on expanding partnerships in energy, infrastructure, mining, and defense sectors, with both sides expressing optimism about future cooperation. Deputy Prime Minister Ishaq Dar welcomed his Polish counterpart at the Ministry of Foreign Affairs in Islamabad, underscoring the historic and friendly relations…

Oil prices climbed sharply on Thursday, rising more than 4%, after the United States imposed fresh sanctions on Russia’s top oil companies, Rosneft and Lukoil, over the ongoing war in Ukraine. The move sparked fears of tighter global supply as Asian refiners review their Russian crude purchases. By 0841 GMT, Brent crude futures were up $2.71 (4.3%) at $65.30 per barrel, while U.S. West Texas Intermediate (WTI) gained $2.56 (4.4%) to reach $61.06. Analysts said the sanctions drove immediate price gains as traders reacted to the prospect of restricted Russian oil exports. “Refineries in China and India will now need…

Gold price in Pakistan saw another sharp slip on Thursday following a cut in global rates. According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-carat gold fell by a massive Rs3,500 per tola, bringing it down to Rs433,862. In the local market, the price of 10 grams of 24-carat gold decreased by Rs3,001, settling at Rs371,966. Similarly, 10 grams of 22-carat gold were sold at Rs340,981, down by a good Rs2,751 compared to the previous day. On the international front, gold dropped by $35, reaching $4,115 per ounce, reflecting a consistent downward trend driven by…

Indian refiners are poised to sharply curtail imports of Russian oil, industry sources said on Thursday, following new US sanctions on two major Russian producers aimed at squeezing Moscow’s revenue to fund its war in Ukraine. India has become the biggest buyer of discounted seaborne Russian crude in the aftermath of Moscow’s 2022 invasion of Ukraine, importing about 1.7 million barrels per day in the first nine months of this year. Russian oil is a main irritant for US President Donald Trump in prolonged trade talks with India. Half of his 50% tariffs on Indian goods are in retaliation for…

The U.S. military has carried out two deadly strikes against suspected drug-smuggling vessels in the eastern Pacific Ocean, killing five men in what officials describe as part of an intensified counter-narcotics campaign under President Donald Trump. U.S. Defense Secretary Pete Hegseth announced on Wednesday that the military hit two vessels within 24 hours — one on Tuesday that killed two men, and another on Wednesday that killed three. The incidents mark the first known U.S. military operations in the Pacific region since Trump launched a renewed offensive against the drug trade earlier this year. According to Hegseth, the vessels were…

Tata Technologies will recruit more local nationals in the United States, its top boss said, as the Indian engineering services provider reacts to US President Donald Trump’s wide-ranging immigration crackdown. The United States plans to charge businesses a steep fee for H1-B visas, used by tech majors including Amazon.com and Meta Platforms, in a move the Trump administration said would shield Americans from foreign wage competition. “As we react and respond to the change in legislation in and around visas, it will mean that we will be recruiting more local nationals in the United States,” Tata Technologies CEO and Managing…