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Pakistan has called the US decision to impose sanctions on National Development Complex and three commercial entities as unfortunate and biased. According to a Foreign Office statement, the decision defied the objective of peace and security. The statement said Pakistan’s strategic capabilities are meant to defend its sovereignty and preserve peace and stability in South Asia. It further said such policies have dangerous implications for strategic stability of the region and beyond. It said that Pakistan’s strategic program is a sacred trust bestowed by 240 million people upon its leadership. The sanctity of this trust, held in the highest esteem…

The US Department of State said that in light of the continuing ‘proliferation threat’ of Pakistan’s long-range missile development, the United States is designating four entities for sanctions pursuant to Executive Order (E.O.) 13382, which targets proliferators of weapons of mass destruction and their means of delivery. The statement alleged that the National Development Complex (NDC), located in Islamabad, Pakistan, has worked to acquire items in furtherance of Pakistan’s long range ballistic missile program – including special vehicle chassis intended to be used as launch support equipment for ballistic missiles and missile testing equipment. The United States assesses NDC is responsible for Pakistan’s development of ballistic missiles, including the SHAHEEN-series ballistic missiles. Akhtar and…

The government has begun implementing stringent measures to boost tax revenue under the International Monetary Fund’s (IMF) conditions. The Tax Laws Amendment Bill 2024 proposes the strictest penalties yet to crack down on tax evasion and enforce compliance with tax laws. Crackdown on non-filers Under the proposed measures, individuals who fail to file taxes will face severe restrictions. Non-filers will be banned from purchasing property, vehicles, and opening or maintaining bank accounts. They will be banned from opening a current or savings bank account or maintaining an old account. Additionally, they will be prohibited from investing in securities or mutual funds.…

Pakistan and China have emphasized enhancing digital collaboration during Planning Minister Ahsan Iqbal’s visit to Beijing’s iSoftStone Information Technology Park. Discussions focused on IT development, innovative digital solutions, and integrating technology into the China-Pakistan Economic Corridor (CPEC). Iqbal toured the facility, witnessed demonstrations of cutting-edge technologies, and was briefed on the company’s regional expansion efforts in the Middle East and Central Asia, underscoring the potential for stronger digital partnerships.

Federal Minister For Planning, Development, And Special Initiatives Ahsan Iqbal met with Vice Chairman Of China’s National Development And Reform Commission Zhao Chenxin, to review the progress of the China-Pakistan Economic Corridor Projects. During the meeting, both sides reaffirmed their commitment to strengthening the Pakistan-China partnership and accelerating the implementation of CPEC initiatives. Ahsan Iqbal highlighted the enduring relationship between the two countries, stating, the friendship between Pakistan and China is unique and unshakable. He emphasized that CPEC’s second phase would take economic relations between Pakistan and China to unprecedented heights. He praised Chinese workers and experts for their contributions…

BEIJING : Federal Minister for Planning, Development and Special Initiatives, Prof Ahsan Iqbal said on Wednesday that with China Pakistan Economic Corridor (CPEC) entering into the second phase, the present government is aiming to go for high quality modernization of Pakistani economy with the help of China’s technological assistance. “We hope that this new phase of CPEC will now establish greater collaboration between people to people and business to business on the foundation that has been laid in the first phase,” he said during a media interaction here. He highlighted that the second phase will have five corridors, a corridor…

The 2024 Beijing Forum on Swift Response to Public Complaints, co-hosted by the Chinese Academy of Social Sciences, the China Media Group (CMG), the Communist Party of China (CPC) Beijing Municipal Committee and the People’s Government of Beijing Municipality, opened on Wednesday. Yin Li, a member of the Political Bureau of the CPC Central Committee and secretary of the Beijing Municipal Party Committee, attended the opening ceremony and delivered a speech. Wu Hansheng, minister of the Society Work Department of the CPC Central Committee; Gao Xiang, president of the Chinese Academy of Social Sciences; Yin Yong, deputy secretary of the…

Special representatives of China and India on the boundary question held the 23rd meeting in Beijing on Wednesday and reached a six-point consensus. It is the first meeting of its kind in five years. Both sides agreed to continue taking measures to safeguard peace and tranquility in the border areas and promote the healthy and stable development of bilateral relations, and to continue seeking a package of solutions to the boundary question that is fair, reasonable and acceptable to both in accordance with the political guiding principles reached in 2005, according to the consensus. They also agreed to further refine…

Chinese President Xi Jinping has urged further deepening rural reform and making solid advances toward building up China’s strength in agriculture. Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, made the remarks in his instructions on work related to agriculture, rural areas and farmers at the annual central rural work conference in Beijing on Tuesday and Wednesday. It is imperative to improve supporting systems to strengthen agriculture, benefit farmers, enrich rural areas and advance rural revitalization across the board, Xi said. Efforts should be made to ensure stable…

Twenty-five years. That’s how long it took Macao to place itself among Asia’s wealthiest cities and the world at large. The GDP of China’s Macao Special Administrative Region (SAR) in 2023 stood at 379.5 billion MOP (about $47.5 billion), a sevenfold increase from 1999, the year Macao returned to China. Macao is “a pearl on the palm” of the motherland, said Chinese President Xi Jinping on Wednesday when he arrived in the city on a special plane to celebrate the 25th anniversary of Macao’s return to China. Over the past 25 years, the practice of “One Country, Two Systems” with…