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Pak-China Presidents discuss development of CPEC

President Asif Ali Zardari and Chinese President Xi Jinping held a meeting at the Great Hall of the People in Beijing. During the meeting, they exchanged views on bilateral relations as well as regional and international matters of mutual interest. They also discussed to further explore the opportunities to further expand the scope of their partnership. Both sides reiterated their resolve to support each other on matters of mutual interest. President Asif Ali Zardari highlighted the unique, time-tested, and special relations between the two countries. He said China’s exemplary development and prosperity are a manifestation of the vision of the

Pakistan’s ‘Diplomatic Waltz’ with China

Pakistan and China have been “iron brothers” longer than many of us have been alive, a partnership so robust it could make even the most stoic neighbour glance over the fence with a glint of envy. As Premier Li Qiang hobnobs in Islamabad ahead of the Shanghai Cooperation Organization (SCO) summit, the stage is set for Pakistan to emerge as a power broker, not in Asia but far beyond. India’s complex dynamics with China add a twist to the tale and Islamabad might just dance its way into a more influential role. The Pakistan-China dynamic is the stuff of legends,

June 1, 2024

News Desk

Government proposes Rs 1.22 trillion for PSDP

Islamabad: With 59% earmarked for infrastructure programmes, the government on Friday proposed a record Rs 1.22 trillion for the federal Public Sector Development Program (PSDP) for the next budget, still less than half of the estimated funding requirements. In a major policy shift, the government sought to align the development budget largely with the requirements of the Constitution and the National Economic Commission. The Annual Plan Coordinating Committee (APCC), which took these decisions, also approved the abolition of the MPs’ discretionary spending budget. Major projects in the energy sector have been prioritized, with 31% of the budget proposed for these

March 1, 2024

News Desk

The Sindh government and the World Bank will invest $100 million in renewable energy

KARACHI: The Government of Sindh is collaborating with the World Bank to set up renewable energy projects in solar and wind equipment, with the aim of protecting the environment from greenhouse gases and Pakistan from recurring natural disasters. Speaking at a seminar titled ‘Importance of renewable energy for Karachi and the export industry: Cost of inactivity’, Director of Alternative Energy for the Government of Sindh, Mehfooz Qazi, said: “The Government of Sindh will invest $100 million in renewable energy projects in collaboration with the World Bank.” About 300 megawatts (MW) of electricity will be generated with World Bank funding, which

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