Prime Minister Shehbaz Sharif’s visit to China is focused on securing extensions for pending contractual obligations to Chinese firms, renegotiating rollovers, and rescheduling budget support loans until the end of the ongoing Extended Fund Facility program, along with launching Phase II of the China Pakistan Economic Corridor (CPEC). These intentions were disclosed by various stakeholders who requested anonymity. They highlighted that delays in clearing outstanding contractual dues to Chinese companies are tied to the initiation of Phase II of CPEC. The Chinese side has reportedly conveyed to previous Pakistani delegations that they are unwilling to renegotiate contract terms, as doing…
Author: WebDesk
Recent spy shots have emerged showcasing the latest model from Luxeed, a collaborative venture between Chery and Huawei in the automotive realm. The vehicle, known as the S9, has been spotted undergoing road tests in China. The Luxeed S9 presents itself as a sporty crossover SUV, drawing comparisons to the upcoming Nio ET9. While it shares some design elements with the existing S7 model, particularly up to the C-pillar, the rear of the S9 displays a distinctively truncated and abrupt finish. At the front, the S9 boasts headlights with three lenses that seamlessly integrate into the air intake. Additionally, a…
To promote tourism and leisure activities within the region, the Sindh government has initiated a soft launch of water sports at Keenjhar Lake near Thatta District. Zulfiqar Shah, Sindh’s Culture and Tourism Minister, announced the commencement of these activities on a trial basis, signifying a significant move towards establishing the area as a key tourist spot. Last June, the Sindh government unveiled ambitious plans to construct a world-class tourist center at Keenjhar Lake, aiming to introduce water sports and paragliding activities. A steering committee meeting, led by Sindh Energy Minister Imtiaz Shaikh, played a crucial role in this decision. Shaikh…
In Lahore, the Meteorological Department has forecasted rain and storms across various regions of the country from today until June 7. The department has issued a rain alert, indicating that mild westerly winds will penetrate the upper and central areas starting June 4. This weather system may lead to gusts, squalls, and thunderstorms in different parts of the nation. As per the meteorological forecast, rainfall is expected in Gilgit-Baltistan, Kashmir, Islamabad, Gujranwala, Okara, Faisalabad, and Khushab. Additionally, Bahawalpur, Dera Ghazi Khan, Multan, and Leh may also experience windy and rainy conditions. Thundershowers are predicted in Jacobabad, Larkana, Quetta, and Barkhan…
In Lahore, Pakistan, there has been a notable improvement in the country’s economic situation, as indicated by recent data revealing a surge in optimism and confidence among the population. Recent statistics show a significant change in public sentiment, with the number of Pakistanis expressing confidence in the country’s positive direction increasing from 12 percent to 18 percent – the highest level recorded in the past two years. Additionally, concerns about inflation, which have long been a focal point, have noticeably decreased. Only three in ten Pakistanis now cite inflation as their primary worry, marking the lowest figure in the last…
During a live concert at the Etihad Arena in Abu Dhabi on June 2, 2024, Atif Aslam paid a heartfelt tribute to the legendary Abida Parveen. The electrifying performance, witnessed by thousands of music enthusiasts, was made unforgettable as the two musical icons graced the stage together. Atif took to Instagram to share a short video capturing the magic of the evening. The clip depicted Atif and Abida deeply engrossed in a soulful rendition of the renowned Sufi qawwali, Lal Meri Pat. Abida, revered as one of the greatest Sufi singers of all time, showcased her powerful voice while seated…
Amid escalating tensions in Gaza, Turkish Foreign Minister Hakan Fidan embarked on a visit to China, following the 10th ministerial conference of the China-Arab States Cooperation Forum. Chinese analysts believe that besides enhancing bilateral cooperation, China will collaborate with Turkey and other regional powers to facilitate a sustainable cease-fire in the Palestinian-Israeli conflict. During his visit, Fidan met with Chen Wenqing, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee, and head of the Commission for Political and Legal Affairs of the CPC Central Committee. They reaffirmed their commitment to elevating security cooperation between…
On Monday, Chairman Senate Syed Yousaf Raza Gilani urged concerted efforts to leverage sports as a catalyst for positive societal change. Speaking at an event held at Parliament House to honor an international football delegation, Gilani emphasized the transformative power of football. He noted that football transcends boundaries, unites cultures, and kindles passion worldwide. Gilani highlighted Pakistan’s potential in football, citing abundant talent and enthusiasm. He stressed the need for professional coaching and support to nurture world-class players and elevate Pakistan’s standing in international football. Expressing optimism about football’s growing popularity in Pakistan, Gilani lauded the Pakistan Football League (PFL)…
Islamabad: Pakistan’s finance minister, Muhammad Aurangzeb, has emphasized the necessity of directing investment towards technology during a meeting with an official from McKinsey global management consultancy firm, as announced by the Pakistani finance ministry on Monday. This initiative aims to initiate a cultural shift towards digital governance, ultimately aiding the government’s tax collection endeavors. In May, Pakistan entered into an agreement with McKinsey and Company to digitalize its tax system, as part of its reform efforts amidst discussions with the International Monetary Fund (IMF) for a new bailout program. Pakistan’s Federal Board of Revenue (FBR) had highlighted the country’s narrow…
Billions of rupees of black money flooded into the real estate sector when former Prime Minister Imran Khan introduced incentives for tax evaders, allowing them to legalize their illicit funds. This led to an artificial boom in the sector. Observing the market dynamics, hundreds of thousands of ordinary people with moderate incomes also entered the fray, hoping to invest in property for their children’s future needs. However, they were misled as major investors sold off their properties to individual buyers, leaving them in distress. Some invested their retirement savings, while others used their accumulated savings or provident fund money, all…
