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Articles for tag: business, Chinas, cooperation, CPECII, deepening, fiveyear, Latest, plan

November 24, 2025

News Desk

Deepening CPEC-II cooperation under China’s new five-year plan

Pakistan set to benefit from joint ventures in EV components, solar equipment and AI skill development The Shanghai Auto Show opens with a bold message as China leads the global EV race. PHOTO: AUTO SHOW SHANGHAI KARACHI: China’s economy is showing unmistakable signs of slowing down in 2025, and the ripple effects are being felt across Asia. Third-quarter GDP growth fell to 4.8 percent from 5.2 percent in the previous quarter, the weakest pace in a year. Much of the resistance comes from persistent structural weaknesses, particularly in the real estate market. Property investment fell 13.9% year-on-year since September, while

October 21, 2025

News Desk

Former French president Sarkozy begins five-year prison sentence over Libya funds case

The 70-year-old former leader left the house with his wife Carla Bruni, cheered by supporters singing La Marseillaise Former French President Nicolas Sarkozy leaves his residence to appear at La Sante prison to serve a five-year prison sentence after being convicted of criminal conspiracy over a scheme to finance his 2007 election campaign, in Paris on October 21, 2025. Former French President Nicolas Sarkozy began a five-year prison sentence on Tuesday for conspiring to raise campaign funds from Libya, arriving at La Santé prison in Paris in a stunning fall for a man who led the country between 2007 and

December 8, 2024

News Desk

Notre-Dame welcomes visitors again after a five-year restoration

Paris Archbishop Laurent Ulrich knocks on the doors of Notre Dame with his cathedral, Notre Dame, in Paris, France, December 7, 2024. — Reuters PARIS: France celebrated the reopening of the newly renovated Notre Dame cathedral on Saturday night in a special church service that included a standing ovation for firefighters who saved the 12th-century landmark during a fire in 2019. A two-hour service attended by incoming US President Donald Trump among other world leaders began with the Paris archbishop knocking on the cathedral’s doors three times. “Notre Dame, model of faith, open your doors to bring the distant children

May 17, 2024

News Desk

Pakistan Considers Five-Year Extension of Chinese IPPs’ $15.36B Debt

An employee counts Pakistani rupee notes at a bank in Peshawar, Pakistan, August 22, 2023. — Reuters The Chinese government, the consent of IPPs is mandatory to amend existing contracts. The government will require lengthy negotiations if it decides to make a formal request. The outstanding liability would escalate to $16.61 billion in the event of an extension. ISLAMABAD: With the arrival of an International Monetary Fund (IMF) team to gauge Islamabad’s ability to repay escalating debt, Pakistan is considering options to seek a five-year extension on the outstanding debt of Chinese Independent Power Producers (IPPs). . $15.36 billion. The

April 14, 2024

News Desk

The IMF re-appoints Georgieva for a second five-year term

WASHINGTON: The executive board of the International Monetary Fund (IMF) on Friday selected Bulgarian economist Kristalina Georgieva to serve as managing director for a second five-year term starting on October 1 this year, the global lender said. “The board commended Georgieva’s strong and flexible leadership during her tenure in the face of a series of significant global shocks,” it said in a statement. Georgieva was the only candidate for the position. European Union finance ministers last month endorsed Georgieva for a second term at the helm of the lender of last resort, virtually guaranteeing her approval. Traditionally, European countries appoint

February 28, 2024

News Desk

Djokovic returns to Indian Wells after a five-year hiatus

LONDON: Novak Djokovic said on Tuesday he was excited to return to Indian Wells to compete at the BNP Paribas Open for the first time since 2019 after US travel restrictions related to COVID-19 had kept him away. The world number one is chasing an unprecedented sixth title at the Masters 1000 event which starts next week and is seen as the biggest tennis tournament outside the four Grand Slams. “It’s been five years, too long to not be a part of the Tennis Paradise tournament, one of the best tournaments in the world without a doubt,” Djokovic said in

January 27, 2024

News Desk

The unveiling of the five-year plan was delayed

Islamabad: The caretaker government will not present Pakistan’s 13th five-year plan before the National Economic Council due to lack of preparation and questions about its mandate – the common reasons behind almost every major issue that caretakers have chosen but failed to implement. Government sources said that instead of tabling the draft of the 13th five-year plan 2024-29 before the NEC on Monday, the Planning Ministry is set to seek approval of the socio-economic objectives of the five-year plan. The targets are broad statements that the NEC, Pakistan’s constitutional body responsible for approving macroeconomic and development plans, is set to

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