Year: 2024

SCO Summit Begins Today in Islamabad

Admin
SCO-Summit

ISLAMABAD: The 23rd meeting of the Council of Heads of Government (CHG) of the Shanghai Cooperation Organisation (SCO) commences today (Tuesday) in Islamabad. The two-day summit is being held under tight security, with businesses and roads in the capital and neighboring Rawalpindi closed for safety reasons. Prime Minister Shehbaz Sharif will chair the summit, marking Pakistan’s rotating chairmanship of the SCO CHG for 2023-24, which it assumed in October 2023 in Bishkek. Attendees include high-level leaders such as Chinese Premier Li Qiang, Russian Prime Minister Mikhail Mishustin, and other key…

Read More

Xiaoqin Fan Appointed as ADB’s New Country Director for Pakistan

Admin
Asian-bank

ISLAMABAD: The Asian Development Bank (ADB) has appointed Xiaoqin Fan as its new Country Director for Pakistan, according to an official statement. Fan, a national of New Zealand with 30 years of professional experience, will lead ADB’s operations in Pakistan, overseeing the implementation of the Country Partnership Strategy (CPS), which focuses on growth, resilience, and competitiveness. She will also manage consultations for the upcoming CPS (2026-2030). Fan, who joined ADB in 2002, expressed her enthusiasm about returning to Pakistan and reaffirmed ADB’s commitment to supporting the country’s economic recovery, reforms,…

Read More

Russia Urges BRICS to Establish Alternative to IMF, Pushes for New Financial Institutions

Admin
Russia-Urges

MOSCOW: Russia, the current chair of BRICS, has urged its partners to develop an alternative to the International Monetary Fund (IMF) as part of efforts to counter Western political influence. Russian Finance Minister Anton Siluanov, at a BRICS finance meeting ahead of the upcoming summit, argued that the global financial system is dominated by Western nations and does not serve the interests of BRICS countries, which account for 37% of the global economy. Siluanov called for the creation of new institutions akin to the Bretton Woods institutions, such as the…

Read More

International E-Waste Day

Admin
international e-waste day

Today, on International E-Waste Day , let’s reflect on the growing problem of electronic waste and its impact on urban environments. The volume of e-waste generated globally in 2023 reached over 57 million tonnes , but only 17.4% of it is recycled, leading to alarming environmental and health consequences. In urban areas, the management of e-waste is particularly critical. Take the case of Agbogbloshie, Ghana —a stark example of e-waste mismanagement where discarded electronics are informally processed, releasing toxic chemicals into the air and water. Conversely, places like Singapore and…

Read More

Eyes on SCO & CPECHigh-Profile B2B Delegation Engages FPCCI

Admin
SCO-CPEC

Karachi: Atif Ikram Sheikh, President FPCCI, has apprised that a high-profile delegation of The China Asia Economic Development Association (CAEDA) has visited FPCCI to explore investment, joint ventures and trade opportunities in mines & mineral; information technology and IT-enabled services (ITeS); agriculture & livestock; food processing & storage; infrastructure development and renewable & alternative energy sources. Mr. Atif Ikram Sheikh explained that next phase of China – Pakistan Economic Corridor (CPEC) and Shanghai Cooperation Organization (SCO) can be the real game-changers for the national economy – as we have geographical…

Read More