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Chinese Premier Li Qiang presided over a State Council executive meeting on Monday, urging detailed plans for arrangements made at the recent annual Central Economic Work Conference. The meeting called on relevant authorities to be proactive, formulate related measures and establish clear timelines and road maps to ensure all work progresses in an orderly manner. It outlined plans to optimize the management of special-purpose bonds for local governments and highlighted the necessity of permitting special bonds to fund land reserves, of supporting the acquisition of existing commercial housing for use as affordable housing and of expanding the scope of special…

Chinese President Xi Jinping called for constant efforts to achieve new accomplishments that will stand the test of history and time and fulfill the expectations of the people amid the country’s drive to build a modern socialist country in all respects. President Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, made the remarks while addressing a meeting to mark the 100th anniversary of the birth of late top legislator Qiao Shi at the Great Hall of the People on Monday. Xi called for learning from Qiao’s noble character of…

The State Bank of Pakistan (SBP) has announced a cut in the interest rate, bringing it down by 2%, from 15% to 13%. The decision was revealed during the Monetary Policy Committee (MPC) meeting chaired by the governor of the State Bank of Pakistan, marking the fifth consecutive reduction in the policy rate this year. During the MPC meeting, the SBP says the country’s micro and macroeconomic situation was reviewed, as well as the local and international economic indicators. The Bank also observed that the inflation rate was under control and the foreign exchange reserves were increasing. The SBP’s latest…

ISLAMABAD (DI NEWS) : The National Broadband Network Forum 2024, organized by PTA in collaboration with Huawei, was held in Islamabad under the theme “Gigabit for All ” Mr. Yousaf Raza Gillani Chairman Senate graced the event as the chief guest, emphasizing broadband as a necessity for digital economic growth. He commended PTA’s role in enhancing broadband penetration, noting a milestone of 59% but stressing the need to address the remaining gaps. He also expressed appreciation for Huawei Pakistan’s commitment for ICT sector enablement over the past many years, “Huawei, has been a major partner in the digital transformation of…

ISLAMABAD (DI NEWS) : In the heart of Punjab, Pakistan, amidst the golden fields and bustling cities, a beacon of progress rises high – the Sahiwal Coal Power Plant. It was constructed under the China-Pakistan Economic Corridor (CPEC) initiative and represents one of the early harvest projects of this multi-billion-dollar partnership. As a beacon of innovation and cooperation, this power plant not only addresses Pakistan’s energy needs but also represents a harmonious symphony of collaboration, diversity, and friendship between Pakistan and China. Energizing Dreams. Pakistan has long grappled with energy shortages, hindering its economic growth and development. Recognizing the urgency…

The country’s inflation trajectory has demonstrated a remarkable downward trend, with the rate plummeting to 4.9% in November 2024, marking the lowest level in six and a half years, according to recent economic data. During the first five months of the current fiscal year, the average inflation rate has dramatically decreased from 28.62% to 7.88%, indicating major macroeconomic improvements. Urban areas have particularly witnessed a substantial reduction, with the inflation rate stabilizing at 5.2%. Economists attribute this decline to strategic policy interventions and a comprehensive approach to managing consumer price pressures. Key factors contributing to this economic moderation include reduced…

The Pakistan Stock Exchange (PSX) witnessed a remarkable surge on Monday as the benchmark KSE-100 Index surpassed the 115,000-point mark for the first time in history. The trading session began on a strong note, with the KSE-100 Index reaching an intraday high of 115,826.94 points before settling at 115,443 points by midday. This milestone builds on last week’s record-breaking performance, when the index closed at 114,301 points, gaining 5,247 points. According to market analysts, the surge is underpinned by robust remittance inflows, declining inflation, and expectations of monetary policy easing by the State Bank of Pakistan (SBP). The Monetary Policy…

ISLAMABAD : A week-long nationwide anti-polio campaign formally commenced today (Monday) with an aim to administer vaccine against the crippling disease to about 44,000,000 children across the country, after the annual tally of poliovirus cases reached 63. Prime Minister Shehbaz Sharif on Sunday announced the launch of the anti-polio drive by administering drops to children in Islamabad. Addressing the launching ceremony, he expressed the commitment to eradicate the poliovirus from Pakistan with the help of provincial governments and the international partners. Around 400,000 polio workers across 143 districts of the country will visit every household to administer polio drops to…

The Pakistan Cricket Board (PCB) and the Board of Control for Cricket in India (BCCI) have finalised all matters regarding the 2025 Champions Trophy. Sources divulged that all obstacles in the way of the tournament have been cleared, with both traditional rivals agreeing to the hybrid formula. The formation of the agreements is now in its final stages, and the International Cricket Council (ICC) is expected to make a formal announcement either today or tomorrow. An insider noted, “Both the ICC and the Indian board have accepted all of Pakistan’s terms, and now there are no complications left regarding the…

Bouncers have often left batsmen reeling, with fast bowlers delivering some of the most vicious deliveries in cricket history. Among the most unforgettable was Brett Lee’s bouncer in late 2002, which forced England’s Alex Tudor to be stretchered off the field in Perth. Tudor was struck on the helmet by a 144.1 km/h delivery, resulting in a fractured skull. Lee, known for his speed and hostility, had been wreaking havoc throughout the Ashes series, and this brutal blow ended Tudor’s tour. At No. 2 is Courtney Walsh, who terrorised batsmen with his fierce deliveries during the 1980s and 1990s. Walsh’s…