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Articles for tag: agree, Cambodia, ceasefire, joint, statement, Thailand

December 27, 2025

News Desk

Thailand, Cambodia agree to ‘immediate’ ceasefire: joint statement

A mobile Thai military unit fires into the Cambodian side after Thailand and Cambodia exchanged heavy artillery on Friday as their worst fighting in more than a decade continued for a second day, in Surin, Thailand, July 25, 2025. — Reuters The ceasefire agreement follows days of talks between Thailand and Cambodia. Nearly a million displaced by Thai-Cambodian border clashes. Both sides agree to cooperate on demining efforts, combating cybercrime. Thailand and Cambodia agreed to an “immediate” ceasefire on Saturday, the two countries said in a joint statement issued by the Cambodian side, pledging to end weeks of deadly border

December 25, 2025

News Desk

Arif Habib joint venture plans to expand PIA’s fleet to 64 aircraft after Rs 135 billion takeover

A Pakistan International Airlines (PIA) plane prepares to take off at the Alama Iqbal International Airport in Lahore. — Reuters/File Habib confirms that Fauji Fertilizer has also joined the joint venture. Adding the remaining 25% stake will bring Rs 45 billion to the fund. The government expects to have an airline operating under a new owner by April 2026. Arif Habib, founder of one of Pakistan’s leading business conglomerates, said on Wednesday his joint venture plans to expand the fleet of Pakistan International Airlines (PIA) to 64 aircraft in phases after acquiring a majority stake under the government’s privatization process.

December 20, 2025

News Desk

TikTok to launch US joint venture with Oracle, Silver Lake

New investors will own 50% of the joint venture, existing investors 30.1% and ByteDance will retain 19.9% TikTok, the world’s most popular platform for sharing short videos, has signed binding agreements with three major investors to form a new joint venture in the United States, ensuring its continued presence in the country. The development — confirmed in an internal memo to employees by CEO Shou Zi Chew on Thursday — marks a major step toward resolving years of uncertainty surrounding the app’s future in the US. The deal — set to close on Jan. 22, 2026 — comes after nearly

May 12, 2025

News Desk

Pakistan is investigating the joint business Roosevelt Hotel for prolonged yields

The picture shows the entrance of the Roosevelt hotel in Mahattan, New York, USA. – pid/file The government is aiming for a joint venture in the Pakistan International Airlines virtual building that belongs to the Roosevelt in Manhattan, New York to ensure long -term financial benefits, Defense Minister Khawaja Asif said Monday. “While selling the 19 -storey property can provide short -term profits or help repayment of a debt, a consortium will maintain the asset and create a constant value,” he said during the National Assembly questions. Asif stressed that the hotel’s primary location, with two entrances and central location,

January 14, 2025

News Desk

Pakistan, Bangladesh sign landmark agreement to set up joint business council

Listen to the article Pakistan and Bangladesh have signed a landmark agreement to establish a joint business council, marking a major step towards strengthening trade and economic cooperation between the two nations, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) said on Tuesday. The agreement comes after years of complicated relations, with the two countries sharing a history dating back to when they were one entity, East and West Pakistan, until Bangladesh gained independence in 1971 after a liberation war supported by India. Relations had further soured in 2016 when Bangladesh executed several Jamaat-e-Islami leaders for alleged war

August 25, 2024

News Desk

Meghan Markle and Prince Harry make big joint statement after tour of Colombia

Meghan Markle and Prince Harry make big joint statement after tour of Colombia Meghan Markle and Prince Harry issued a major joint statement after their four-day tour of Colombia. The royal couple shared their statement on the Archewell Foundation website. The statement reads: “We have been deeply moved by the progress and passion demonstrated in Colombia as we continue, through the Archewell Foundation, to advance our mission to create positive change around the world.” They further said, “The Afro-Descendant Women and Power: A Voice for Equality panel, with The Duchess of Sussex, was a powerful platform to highlight the remarkable

July 25, 2024

News Desk

Russian and Chinese strategic bombers conduct joint patrol near Alaska

ALASKA: Russian and Chinese nuclear-capable strategic bombers conducted joint patrols near the US state of Alaska on Thursday. The maneuver prompted both the United States and Canada to counter with fighter jets. The patrols included Russian Tu-95MS “Bear” bombers and Chinese Xi’an H-6 bombers, covering areas over the Chukchi and Bering Seas and the North Pacific, according to the Russian Defense Ministry. The Russian Defense Ministry said that during the five-hour flight, Russian and Chinese crews cooperated throughout the mission. At various points, the air group was accompanied by fighters from other nations. Russian Sukhoi Su-30SM and Su-35S fighter jets

July 14, 2024

News Desk

Pak-China joint ventures to take leather industry to new heights

BEIJING: Pakistan and China are entering into partnerships and joint ventures in the leather processing and manufacturing industry, which is expected to propel the local sector to new heights. These collaborative projects include the establishment of manufacturing plants, tanneries and research and development (R&D) centers dedicated to adopting innovative practices in the manufacture of leather products, according to Khalid Waleed, Advisor, Pakistan Tanners’ Association. In June, the Guangdong Shoe Manufacturers Association visited Pakistan to explore the possibility of relocating their operations to the South Asian nation. These companies are ready to invest between 5 and 8 billion dollars in the

May 8, 2024

News Desk

Russia begins development of nuclear power plant for joint lunar station with China, RIA reports

MOSCOW: Russia has begun developing a nuclear power plant for its planned joint lunar station with China, RIA news agency quoted Yuri Borisov, head of the Russian space agency Roscosmos, as saying on Wednesday. In March, Borissov said Moscow was considering the idea of ​​powering the station with nuclear power. Something he said could one day enable the construction of lunar settlements. Borisov, a former deputy defense minister, said Russia and China were working together on a lunar program and that Moscow was able to contribute its “nuclear space energy” expertise. Borisov also spoke at the time about Russian plans

March 12, 2024

News Desk

Joint venture with Chinese solar company to invest $700 million

LAHORE: The shift towards electricity generation through solar energy is becoming a growing trend in Pakistan due to rising electricity prices, which domestic, commercial and industrial users pay through different distribution companies, haunting the general public. Although the trend of installing solar panels by households is not new, many homeowners have previously turned to this cheap way of providing electricity, and some are also taking advantage of the countdown. This rapid development is likely to accelerate further as governments now look to solar power to provide cheap electricity to low-income households. Provincial governments like Punjab have successfully penetrated solar energy

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