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Gwadar Port, a cornerstone of the China-Pakistan Economic Corridor (CPEC), holds immense potential as a regional trade hub and an economic catalyst for Pakistan. During a high-level meeting chaired by Federal Minister Ahsan Iqbal, stakeholders reaffirmed their commitment to unlocking the port’s strategic value by developing a comprehensive operational plan, competitive pricing strategies, and targeted marketing campaigns. With directives to prepare a business plan within three days, focus on transshipment routes, and promote Gwadar’s cost-effective trade advantages globally, the initiative aims to attract international trade, create jobs, and boost the local economy. Efforts are also underway to enhance mineral exports…

China’s financial sector will promote the steady growth of green finance in support of green and low-carbon development, as the world’s second-largest economy presses ahead with building a beautiful China, a central bank official said at a conference on Wednesday. Zhu Hexin, deputy governor of the People’s Bank of China (PBOC), China’s central bank, said that while doing this, the financial sector must focus on the effectiveness of green finance in generating environmental benefits and promoting industrial transformation and upgrading. During a green finance services promotion conference jointly convened by the PBOC and the Ministry of Ecology and Environment on…

Chinese Foreign Minister Wang Yi on Wednesday expressed China’s willingness to comprehensively expand mutually beneficial cooperation to support Chad’s development and revitalization. Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, made the remarks when meeting with Chadian President Mahamat Idriss Deby Itno in the African nation’s capital, N’Djamena. He said China seeks to deepen exchanges on governance experience, solidify political trust through shared values, comprehensively expand mutually beneficial cooperation to support Chad’s development and revitalization, and jointly build an all-weather China-Africa community with a shared future for the new era. Wang pointed…

The disciplinary body of the Communist Party of China (CPC) has called for confidence and perseverance in the protracted war against corruption as the current situation remains grave and complex. The call was made in a communique adopted at the fourth plenary session of the 20th CPC Central Commission for Discipline Inspection (CCDI), held in Beijing from January 6 to 8. Xi Jinping, general secretary of the CPC Central Committee, Chinese president and chairman of the Central Military Commission, attended the session and delivered an important speech. The plenary session reviewed the discipline inspection and supervision work in 2024 and…

While the search and rescue efforts continue after the magnitude-6.8 earthquake struck Dingri County in southwest China’s Xizang Autonomous Region, some are concerned about the possibility of stronger aftershocks or the occurrence of avalanches and other geological disasters. “The aftershock activity from this earthquake is relatively weak,” said Jiang Haikun, a researcher at the China Earthquake Networks Center. “There may still be aftershocks of around magnitude 5, but the likelihood of a larger earthquake is low.” Temporary tents in Yejiang Village, Dingri County, Xigaze City, Xizang Autonomous Region, southwest China, January 8, 2025. /CFP Ma Weiqiang, director of the Mount…

KARACHI: Prime Minister Shehbaz Sharif said that he is ready to sit with everyone for the economic development of country. He was addressing a ceremony held in Pakistan Stock Exchange, Karachi on Wednesday. The prime minister congratulated the PSX for excellent performance in 2024. “The economy of Pakistan is improving with every passing day. It is an honour for me to visit the PSX today,” Shehbaz Sharif said. Addressing the ceremony, he said the main goal of the government is to convert macroeconomic stability into economic growth. The prime minister also lauded the recently launched ‘Uraan Pakistan’ project. He said…

The Anti-Terrorism Court (ATC) in Islamabad has declared Khyber Pakhtunkhwa Chief Minister Ali Amin Gandapur and Umar Tanveer Butt as proclaimed offenders in a case linked to protests against the disqualification of Pakistan Tehreek-e-Insaf (PTI) Founder Imran Khan. The case, heard by ATC Judge Tahir Abbas Sipra, also saw the initiation of proceedings to declare former federal minister Amir Mahmood Kayani a proclaimed offender. Meanwhile, PTI leaders Faisal Javed and Wasiq Qayyum appeared before the court during the hearing. The court has decided to separate the cases of the proclaimed offenders from the other accused. Arrest warrants were issued for…

Despite the arrival of the Prime Minister, the Pakistan Stock Exchange PSX-100 index plunged as the share price could not maintain the 116,000 points benchmark. After a 1,700-point surge in the stock market, the stock market fell by 900 points. The 100 index fell by 929 points to 115,123 points. During the trading, the 117,000-point limit was also crossed in the market.

The Pakistan Telecommunication Authority (PTA) has revealed staggering financial losses caused by excessive VPN usage during internet disruptions. According to an investigative report by the authority on the causes of internet disruptions, the country was losing approximately $10,000 every minute in lost productivity and strained internet infrastructure. The report highlighted that bandwidth usage through VPNs spiked to an unprecedented 634Gbps in August 2024, before gradually decreasing to 378Gbps in November. By December, there were notable improvements in internet services, and VPN usage dropped slightly to 437Gbps. “The country lost $10,000 every minute due to the increase of one terabyte per…

Pakistan Cricket Board (PCB) has announced the shift of the upcoming tri-series between Pakistan, New Zealand, and South Africa to Multan. Initially scheduled to be held in Multan, the tri-series will now take place in Karachi and Lahore, as the PCB prioritizes preparations for the upcoming Champions Trophy. The series, set to be played in the second week of February, will see matches hosted at the National Stadium in Karachi and Gaddafi Stadium in Lahore. The decision comes in light of the ongoing preparations at these venues for the prestigious Champions Trophy. According to the PCB, this shift demonstrates the…