Author: (PEN)

By: Xu Yaping, Hunan Daily reporter On the morning of August 12, Qi Jibin, a veteran of China’s aid to Pakistan, and his comrades-in-arms Tian Niansheng, Li Zhong, Liu Xianrong, and Zhang Ruiping Waiting to be a guest at the home of Majilong, the head of Pasu Village in northern Pakistan. For the three generations of Ma Jilong’s family, this day is a grand festival for them to be grateful and repay their kindness. For Qi Jibin’s arrival, the Ma Jilong family waited for more than 40 years. Ma Jilong and his son Wan Wei presented Qi Jibin with a…

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar  said that Saudi Arabia and the Middle East would invest in projects worth $25 billion each in a span of two to five years. The premier, while talking to foreign journalists at his office, said that his government without “redesigning the government structure” is mostly focused on “rearranging the fiscal and monetary policies to build an edifice for economic revival”. While labelling the Special Investment Facilitation Council (SIFC) a strategy for economic revival, he said the body would focus on agriculture, mines and minerals, defence production and information technology. Responding to a question, PM…

ISLAMABAD  – The International Monetary Fund (IMF) has turned down Pakistan government’s proposal designed to provide relief to the impoverished for exorbitant electricity bills, sources in the Finance Department said Monday. They said a consensus could not be achieved with the IMF over the relief plan. In the proposal, the IMF was informed by the Pakistan government that relief provision would have an impact of less than Rs6.5 billion. The IMF, however, put the impact at about Rs15 billion, and dismissed the plan as a result. The IMF has now reportedly sought a proposal on how Pakistan intends to cover…

Azerbaijan and China discussed the expansion of cooperation in the field of investment and trade. The Minister of Economy of Azerbaijan, Mikayil Jabbarov, wrote about this on his page on the social network “X”. According to him, during the meeting between the Minister of Economy and Vice Minister of Commerce of the People’s Republic of China Lin Ji, we discussed the existing opportunities for strengthening bilateral economic relations, expanding cooperation in investment and trade, and promoting cooperation in infrastructure projects. It should be noted that on September 3, the Trade House of Azerbaijan was opened in Beijing. The Trade House…

The State Historical-Cultural and Ethnographic Reserve “Khinalig and nomadic path” will be established. In this regard, President of the Republic of Azerbaijan Ilham Aliyev signed a relevant decree.

SEOUL: Russia’s defence minister has proposed to North Korean leader Kim Jong Un that their countries hold a naval exercise, along with China, South Korea’s Yonhap news agency reported on Monday, citing South Korea’s intelligence agency. Russian Minister of Defence Sergei Shoigu visited North Korea for the 70th anniversary of the end of the Korean War, celebrated in North Korea as “Victory Day”, in July when he met Kim. They attended a defence exhibition featuring North Korea’s banned ballistic missiles, North Korean state media reported at the time. Yonhap reported that Shoigu had made the proposal for a three-way naval exercise to…

ISLAMABAD – Three Pakistan Navy officials – two officers and a soldier – were martyred on Monday in a helicopter crash in Balochistan’s Gwadar, a spokesperson for the navy said. The helicopter crashed during a training flight in Gwadar, added the statement. “The helicopter crashed during the flight due to a possible technical fault,” the spokesperson said. “As a result of the accident, two officers and one jawan of the Pakistan Navy lost their lives.” The spokesperson said an investigation had been launched into the incident.

LAHORE  – With the rupee nosediving to the levels never seen before, Chief of Army Staff Gen Asim Munir on Sunday assured businessmen of taking the required steps as they demanded more control over the money market amid the widening gap between the official exchange rate and the open market. The rupee depreciation has wide ranging effects from triggering and fueling inflation to reduced purchasing power and food security crisis – directly impacting people and businesses. Here is a summary of what economic experts are saying about the prevailing state of affairs and the future scenario. One of the neglected…

KARACHI  – Inflation and exorbitant electricity bills have perturbed the showbiz celebrities as it has now become really challenging to meet the expenses. From electricity to petrol prices, everything is now out of the reach. Famous actor and TV host Nadia Khan shared a video in which showbiz celebrities including Fiza Ali, Sadia Imam and Nida Yasir were talking about their inflated electricity bills. Actor Sadia Imam shared that her electricity bill amounted to a staggering 67,000 rupees last month and therefore she switched her home to solar energy. We use two Air Conditioners (ACs) at the same time and…

The superstar singer shined the brightest in a city full of Hollywood stars during the second night of her epic Renaissance Tour show on Saturday night. She once again packed the massive SoFi Stadium filled with concertgoers wearing gleaming silver outfits at the request of Beyoncé who asked fans to sport the silvery wardrobe for the last month of her spectacular tour. The crowd included many entertainers and athletes: Viola Davis, Issa Rae, Tracee Ellis Ross, Gabrielle Union, Dwyane Wade and Kelly Rowland. Some returned for a second straight night to witness another dazzling show from the impeccable Beyoncé, who…