Category: Highlights

Former Chinese premier Li Keqiang dies at 68

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Li-Keqiang

Former Chinese premier Li Keqiang, a reform-minded bureaucrat once tipped as the country’s future leader only to be eclipsed by President Xi Jinping, died on Friday. He was 68. He had a heart attack on Thursday and passed away in Shanghai just after midnight, state-run news agency Xinhua said. Interim Prime Minister Anwaarul Haq Kakar said he was “deeply saddened and shocked” to learn about Li’s passing and called him a “great friend of Pakistan”. “We fondly remember his visit to Pakistan in 2013. Our thoughts and sympathies are with late premier…

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Economic crisis affected performance in FY23: KE

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K-Electric

Company plans to add 2,272MW from renewable, indigenous sources KARACHI: The economic crisis, driven by factors like high inflation, increased policy rates and economic contraction, significantly affected the performance of K-Electric (KE) in financial year 2023 as the company recorded a loss of nearly Rs31 billion. It was observed during KE’s annual general meeting, chaired by Chief Executive Officer Moonis Alvi. As a result of the economic woes, KE said it experienced a 7.3% reduction in units sent-out and a substantial decline in gross profitability by Rs15.72 billion. Its exchange…

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OICCI launches 2nd Pakistan Climate Conference to propose solutions for Pakistan’s climate emergency

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Climate-Conference

Karachi, 26 October 2023 – The Overseas Investors Chamber of Commerce and Industry (OICCI) unveiled details for the Pakistan Climate Conference (PCC) 2023, scheduled to take place on November 1, 2023. This is the second consecutive year that the OICCI is organizing a multi-stakeholder dialog to propose collective solutions for Pakistan’s climate emergency. Starting from 2022, the Pakistan Climate Conference brings together national and international experts to identify and implement efforts needed to promote positive climate actions and reduce climate change impact in Pakistan. The Pakistan Climate Conference will also…

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PM returns from China with more pacts under his belt

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China-Pakistan

• Pakistan joins China’s moon programme• Kakar offers Friday prayers in Xinjiang• Khunjerab border crossing to operate throughout the year ISLAMABAD: Caretaker Prime Minister Anwaarul Haq Kakar returned home on Friday evening after a whirlwind five-day China trip that took him to places where only few foreign dignitaries before him visited, and one that saw Islamabad and Beijing ink over 20 agreements, covering areas from currency swapping to building a research station on the moon’s south pole. Although both sides vowed to cement ties in various fields, especially for China-Pakistan…

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Pakistan, China commit to broaden CPEC horizons

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PAK-CHINA

• Crucial agreement signed to cut cost of cross-country Main Line-1 rail link• Pakistan Refinery inks $1.5bn deal to boost petrol, diesel production• PM Kakar looks to Beijing for help to diversify export basket, expand industrial base ISLAMABAD: Pakistan and China on Wednesday agreed to expand the scope of the multibillion-dollar CPEC infrastructure project, which will now diversify to areas like industrial development, ICT, livelihood projects, mining and mineral exploration, and agriculture. Presently, the corridor is confined to road and rail connectivity and economic zones. Both countries also signed an…

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