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ISLAMABAD (PEN) : Prime Minister Shehbaz Sharif has declared that Pakistan and China are transitioning into the second phase of the green corridor, marking the end of challenging times. During an event honoring Chinese companies operating under the China-Pakistan Economic Corridor (CPEC), Sharif praised their contribution to Pakistan’s industrial advancement, job creation, and strong bilateral relations. He highlighted the substantial $30 billion investment made by China in Pakistan as part of the CPEC. The second phase of CPEC will encompass initiatives like the green corridor, innovative and information technology corridors, and the Rashakai Special Economic Zone.

ISLAMABAD (PEN) :  The Foreign Office Spokesperson, Mumtaz Zahra Baloch, emphasized during a weekly media briefing that Pakistan and China remain dedicated to enhancing collaboration within the China-Pakistan Economic Corridor (CPEC). She highlighted the substantial benefits Pakistan has gained from CPEC, including the creation of more than 200,000 jobs, the addition of 8000 MW of power to the national grid, the construction of 510 kilometers of highways and 932 kilometers of road network, along with an 820-kilometer-long optical fiber line. Mumtaz Zahra reaffirmed the commitment of both countries to further develop cooperation under CPEC, intending to establish it as a…

The Shanghai Stock Exchange (SSE) STAR 100 Index, which tracks the performance of companies from China’s sci-tech innovation board, known as the STAR Market, officially launched. The index selects 100 securities with medium-sized market capitalization and good liquidity, excluding constituents of the STAR 50 Index. The main features of the compilation plan remain consistent with the STAR 50 Index in order to reflect the overall performance of securities with medium-sized market capitalization on the STAR market. Chen Jiahe, chief investment officer at Novem Arcae Technologies told CGTN he believes that the STAR 100 Index, together with the STAR 50 Index,…

China’s total imports and exports expanded 0.4 percent year on year to 23.55 trillion yuan in the first seven months of 2023, data from the General Administration of Customs showed on Tuesday.

China hopes the Philippines can meet China half way and stop unilateral actions, preventing situation from escalating or getting out of control, China’s ambassador to the Philippines Huang Xilian said on Tuesday. Huang made the remarks when meeting with Philippine Undersecretary of Foreign Affairs Theresa P. Lazaro. On August 5, in disregard of China’s repeated goodwill gestures and sincerity, the Philippines sent two vessels that intruded into the adjacent waters of Ren’ai Jiao and tried to deliver construction materials for overhauling and reinforcing the grounded military vessel. Under such context, China has to make the necessary response and the on-site…

Chinese Vice Premier Zhang Guoqing called on officials to strengthen relief work and post-disaster reconstruction to help floods-hit regions return to normalcy at an early date during his inspection in north China’s Hebei Province. Zhang, also a member of the Political Bureau of the Communist Party of China Central Committee, visited temporary shelters in the city of Zhuozhou, one of the worst-affected areas in Hebei, and inspected the work of resettling local residents and clearing roads, as well as the supply of water, power and daily necessities. While the flood is receding, local authorities should stay alert and continue to…

BEIJING (PEN): The foreign envoys and diplomats from 25 countries, including Pakistan, Iran Dominica, Myanmar, Iran, Samoa and Surinam, visited northwest China Xinjiang Uygur Autonomous Region at the invitation of Chinese Ministry of Foreign Affairs. During their visit to the regional capital Urumqi, as well as Kashgar and Aksu prefectures, the diplomats affirmed that people in Xinjiang are enjoying a happy life. They also had the opportunity to witness Xinjiang’s impressive economic development and diverse culture, Xinhua reported. During an exhibition on Xinjiang anti-terrorism and deradicalization work in Urumqi, Ijaz Ahmad, minister of the Pakistan Embassy in Beijing said: “Chinese…

ISLAMABAD (PEN) : Ambassador of the Islamic Republic of Iran to Pakistan H.E. Dr. Reza Amiri Moghaddam called on Federal Minister for Human Rights Mian Riaz Hussain Pirzada today in Islamabad. Both sides discussed centuries old deep strategic and brotherly relations between two countries. Welcoming the ambassador, Minister said that Pakistan greatly values its relations with Iran rooted in cultural, historical and religious bonds. He emphasized to enhance these relations in various areas particularly in economy, energy, culture and human rights. Ambassador H.E. Dr. Reza Amiri Moghaddam also reciprocated the same about historical bilateral relations and expressed that people of…

ISLAMABAD (PEN) : Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar chaired the meeting of the Cabinet Committee on Inter-Governmental Commercial Transactions (CCoIGCT), today. Federal Minister for Maritime Affairs Syed Faisal Ali Subzwari, Federal Minister for Commerce Syed Naveed Qamar, Federal Minister for Power Khurram Dastgir Khan, Minister of State for Petroleum Mr. Musadik Masood Malik, SAPM on Finance Mr. Tariq Bajwa, SAPM on Revenue Mr. Tariq Mehmood Pahsa, Secretary Maritime Affairs, Secretary Law & Justice, and other senior officers attended the meeting. The CCoIGCT considered and reviewed the progress of the negotiation committee which held its negotiations…

PESHAWAR – Chief of Army Staff (COAS) Gen Asim Munir on Monday underscored the need for unity among army, security agencies and the people of Pakistan. A statement issued by the Inter-Services Public Relations (ISPR) said Gen Munir met tribal elders (at a jirga) from the newly merged districts of Khyber Pakhtunkhwa, as well as people from other callings. He stated that “those who seek to disrupt peace are not part of us.” The army, he highlighted, was a force of martyrs, guided by faith, righteousness, and jihad for the sake of Allah. Pakistan, he asserted, was the second state…