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LAHORE (:Several roadblocks have been cleared at various locations in Lahore, and traffic has been partially restored at key spots such as Data Darbar, Azadi Chowk, and Shahdara. Containers and trucks have been removed to allow one lane for vehicles to pass, although the routes could be blocked again in case of an emergency. Police are stationed at these locations to monitor the situation. However, multiple sections of the Lahore Motorways remain closed for the fourth consecutive day, and bus terminals including General Bus Stand, Badami Bagh, and Bund Road are still shut. The President of the All Pakistan Public…

KARACHI : The Pakistan Stock Exchange (PSX) began the first day of the week (Monday) on a positive note as KSE 100-index surpassed 99,000 mark. With an increase of 1,294 points, the KSE-100 index touched 99,092 figure amid robust trading. However, it came down to 97,954 around 11:30 am. On Friday (last working day of the week), bulls continued to maul the Pakistan Stock Exchange (PSX) for the second successive day as KSE-100 index came within a whisker of touching 100,000 mark. The KSE-100 index peaked to 99,623.03 during trading but at midday the market lost some shine and closed…

India delivered a commanding performance to secure a 295-run victory over Australia on the fourth day of the first Test at Perth Stadium on Monday, taking a 1-0 lead in the five-match series. After setting a formidable target, India bowled out Australia for 238 in the final session, extending their dominance in Australian conditions. This victory underscores India’s recent success down under, having won five of their last nine Tests in Australia since their triumphant 2018-19 tour. Resuming the day at a precarious 12-3, Australia’s batting lineup faltered against India’s pace duo of Jasprit Bumrah and Mohammed Siraj. Early breakthroughs…

Federal Minister for Finance Muhammad Aurangzeb has said the ongoing protests by the opposition Pakistan Tehreek-e-Insaf (PTI) are resulting in a daily loss of Rs190 billion (USD 688.2 million) to the federal government. In a statement, Aurangzeb stated that the Ministry of Finance has compiled a report which states that the country’s GDP is suffering a daily loss of Rs140 billion due to the protests, with losses to the IT and telecom sectors not included in this assessment. Aurangzeb’s remarks came amid calls of protests from PTI, which sent the top federal government functionaries into a frenzy as the ruling…

ISLAMABAD :Foreign Minister and Deputy Prime Minister Ishaq Dar on Monday met his Belarusian counterpart Maxim Reznikov and discussed regional issues with him. Dar warmly welcomed Reznikov and his delegation when they arrived at the Foreign Office. Later, they discussed bilateral and regional issues during their meeting. Belarusian President Alexander Lukashenko will reach Islamabad on Monday on a three-day official visit to Pakistan. Foreign Office in a statement said the President Lukashenko will hold extensive talks with Prime Minister Shehbaz Sharif and discuss areas of bilateral cooperation and engagement. Several agreements and Memorandums of Understanding will also be signed during…

Iran’s supreme leader Ayatollah Ali Khamenei said on Monday that death sentences should be issued for Israeli leaders and not arrest warrants. His remarks came after the International Criminal Court issued arrest warrants on Thursday for Israeli Prime Minister Benjamin Netanyahu, his former defence chief and a Hamas leader, Ibrahim Al-Masri.

As the world turns its attention to the 29th United Nations Climate Change Conference (COP 29), Azerbaijan stands poised to take on a leadership role in the global movement toward sustainability and climate resilience. With its rich natural resources, strategic initiatives, and commitment to sustainable development, Azerbaijan is uniquely positioned to leverage COP 29 as a transformative opportunity to enhance its environmental and economic future. Under the leadership of President Ilham Aliyev, Azerbaijan has made significant strides in promoting environmental sustainability and addressing climate change. President Aliyev has consistently emphasized the importance of integrating environmental considerations into the country’s development…

By Cheng He, chief editor, Business News Department, CGTN In a comprehensive document from the latest meeting of the Politburo of the Communist Party of China at the end of July, two terms caught my attention: gazelle companies and unicorns. The decision-making body expressed its strong commitment to supporting the development of these entities, reflecting a strategic focus on fostering high-growth and innovation-driven firms in China’s economy. Gazelle companies, defined as start-ups founded in the 2000s, with a value exceeding US$500 million, are most likely to achieve ‘unicorn’ status within three years. On the other hand, unicorns typically refer to…

By: Maarij Farooq In a pivotal address at the third plenary session of the 20th CPC Central Committee, President Xi Jinping emphasized the critical need for comprehensive reforms to further Chinese modernization. This session, held from July 15-18, 2024, marked a significant moment in China’s socio-economic trajectory, as the Central Committee adopted a resolution to deepen reforms across various sectors. President Xi’s speech highlighted several core areas: economic development, high-quality growth, innovation, talent development, and macroeconomic governance. The resolution sets forth ambitious goals for building a high-standard socialist market economy. By 2035, China aims to have fully realized socialist modernization,…

At the invitation of Premier Li Qiang of the State Council of the People’s Republic of China, Prime Minister Muhammad Shehbaz Sharif of the Islamic Republic of Pakistan will start his official visit to China tomorrow. It will be Prime Minister Shehbaz’s first visit to China since the inauguration. We hope and believe the visit will inject strong impetus to upgrade the China-Pakistan all-weather strategic cooperation, provide constant boost to Pakistan’s economic and social development, send strong signal of solidarity and cooperation between our two countries to the international community. The strategic communication between leaders of the two countries guides…