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The World Bank has announced a major financial support package for Pakistan, pledging $40 billion over the next 10 years under its newly approved Country Partnership Framework (CPF). According to sources, approximately three-quarters of the pledged amount will be disbursed through the International Development Association (IDA), while the remainder will be provided via the International Bank for Reconstruction and Development (IBRD). The CPF will also benefit from additional funding from the International Finance Corporation (IFC), further boosting its scope. The expanded framework is set to concentrate on six critical sectors, with a focus on combating child stunting, mitigating climate change…

The Pakistan Cricket Board (PCB) announced on Tuesday a pivotal decision regarding the coaching staff of the national team, appointing former Test cricketer Abdur Rehman as the spin bowling coach.   Rehman, who has represented Pakistan in Test, ODI, and T20 International cricket from 2006 to 2014, joined the team in Multan and prepared to assume his responsibilities from the upcoming series against the West Indies. The left-arm spinner accumulated 140 wickets during his international career and earning recognition for his expertise and precision. During 2011-12, Rehman had made a great combination with ace spinner Saeed Ajmal in Pakistan’s spin…

New energy power generation reached 116.16 billion kWh in northwest China’s Xinjiang Uygur Autonomous Region in 2024, surging by 30.7 percent over the previous year. The increase in new energy power generation accounted for over 80 percent of the total growth in power generation, with both the volume and proportion of new energy power generation continuing to rise, according to the State Grid Xinjiang Electric Power Co., Ltd. Photovoltaic power generation surged by 65.7 percent year-on-year to 40.77 billion kWh, while wind power generation reached 75.39 billion kWh, up 17.3 percent compared to the previous year. China has committed to…

China firmly opposes U.S. restrictions on artificial intelligence (AI) exports and will take resolute actions to safeguard the legitimate rights and interests of Chinese enterprises, Chinese Foreign Ministry spokesperson Guo Jiakun said at a regular press conference on Tuesday. The remarks came after the U.S. government rolled out new rules limiting the sale of advanced AI technology. The restrictions further tighten export controls on AI chips and model parameters, while extending extraterritorial jurisdiction. They create obstacles for and interfere with third parties engaged in normal trade with China, according to Chinese Ministry of Commerce. Guo said that the United States had…

China has always regarded Europe as an important pole in a multipolar world, firmly supported European integration and backed the European Union’s (EU) pursuit of strategic autonomy, Chinese President Xi Jinping said on Tuesday. Xi made the remarks during a phone conversation with European Council President Antonio Costa. The history of China-EU relations demonstrates that as long as both sides uphold mutual respect, treat each other as equals and engage in candid dialogue, they can advance cooperation and make significant achievements, Xi said. There exists no clash of fundamental interests or geopolitical conflicts between China and the EU, making them…

The ruling parties of China and Japan on Tuesday agreed to maintain close dialogue and communication no matter what situation China-Japan relations face. The consensus was reached between the Communist Party of China (CPC) and Japan’s Liberal Democratic Party and Komeito Party when representatives of the two sides attended the ninth meeting of the China-Japan ruling parties exchange mechanism in Beijing. The ruling parties of the two countries recognized that since their inaugural meeting in 2006, the exchange mechanism has played a significant role in guiding the development of China-Japan relations. They welcomed the resumption of the inter-party talks following…

ISLAMABAD: After blaming increase in use of the virtual private networks (VPNs), the Pakistan Telecommunication Authority (PTA) has attributed internet slowdowns throughout Pakistan to telecom infrastructure. A PTA report claims that insufficient fiberisation, power cuts, and telecom infrastructure are to blame for the slow internet speed. The 18-year-old web management system, according to the PTA, is just concerned with managing gray traffic and has no role in reducing internet speeds. The report said that 42% of telecom sites across Pakistan are working without generators due to which more than 21,000 sites suffer from power outages and internet and telecom services…

ISLAMABAD (DI NEWS) :  A delegation of media representatives and parliamentarians, arranged by the Understanding China Forum, recently visited the Karot Hydropower Project, a flagship initiative under the China-Pakistan Economic Corridor (CPEC). The project, located on the Jhelum River, is a testament to the robust partnership between Pakistan and China and their shared commitment to advancing sustainable energy solutions. The delegation was briefed on the project’s significance, which includes generating 720 MW of clean electricity annually and contributing 3,206 GWh to Pakistan’s national grid. They also observed its role in mitigating climate change by offsetting approximately 3.5 million tons of…

Chinese President Xi Jinping on Tuesday sent a congratulatory message to Joseph Aoun on his taking office as Lebanese president.

China and the United Kingdom pledged to build an open world economy during their latest round of economic and financial dialogue, a Chinese Foreign Ministry spokesperson said on Monday. “The two sides reached 69 win-win outcomes,” spokesperson Guo Jiakun said at a regular news briefing. The 11th China-UK Economic and Financial Dialogue was co-chaired by Chinese Vice Premier He Lifeng and British Chancellor of the Exchequer Rachel Reeves in Beijing on Saturday. During the dialogue, the two sides reached a series of mutually beneficial outcomes and consensus. He and Reeves also attended the fourth China-UK Financial Services Summit. At Monday’s…