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Tag Archives: Pakistan

Pakistan, Japan play thrilling draw in Asian Champions Trophy


August 7, 2023

CHENNAI: Pakistan and Japan gave it their all in the Asian Champions Trophy round-robin match before settling for a thrilling 3-3 draw here on Sunday. The result keeps both the teams in contention for semi-final berths, with Japan placed fourth on the points table followed by Pakistan on fifth. Both teams went into attacking mode right from the start with …

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Pakistan, Egypt slam fresh act of desecration in Denmark


July 28, 2023

ISLAMABAD / STOCKHOLM: Pakistan and Egypt on Thursday continued to condemn successive acts of sacrilege across Europe, which have prompted widespread anger and condemnation across the Muslim world. Meanwhile, the Swedish government has ordered 15 government agencies to strengthen the country’s ability to prevent terrorism, in response to a worsening security situation following protests involving the desecration of the Holy Quran. …

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Pakistan, China to speed up ML-1, SEZs implementation


July 12, 2023

ISLAMABAD: Pakis­tan and China have agreed to fast-track work on the implementation of main line (ML-1) railway project and special economic zones (SEZs). An agreement in this regard was reached between Minister for Planning and Develo­pment Ahsan Iqbal and National Development and Reform Commission (NDRC) Chairman Zheng Shanjie during a meeting held in Beijing on Tuesday, according to a press …

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Pakistan, India have largest number of employees in public sector: WB


July 10, 2023

ISLAMABAD: The Worldwide Bureaucracy Indicators (WWBI) has estimated that in the South Asian region, both Pakistan and India have the largest public sectors with a share of 60 per cent of formal wage employment. WWBI is the unique cross-national dataset on public sector employment and wages developed by the World Bank’s ‘Bureaucracy Lab’. According to the indicators, the wage bill in South …

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BEIJING: Chinese Premier Li Qiang told US Treasury Secretary Janet Yellen on Friday that Beijing “can see a rainbow” after a period of fraught ties, as the two sat down for talks aimed at stabilising their countries’ relationship. Yellen told Li that the United States is not seeking “winner-take-all” competition. Her four-day trip is her first as Treasury chief to China, with which the United States is butting heads over trade curbs, human rights and a litany of other disputes. But Washington is working to dial down the temperature, and on Friday Yellen underscored to Li that the United States does not seek an economic showdown. “We seek healthy economic competition that is not winner-take-all but that, with a fair set of rules, can benefit both countries over time,” she told Li at Beijing’s Great Hall of the People. US Treasury secy says Washington not seeking ‘winner-take-all’ fight; Chinese premier ‘sees rainbow’ The United States has said it is seeking to “de-risk” from China by limiting the world’s second-largest economy’s access to advanced technology deemed crucial to Washington’s national security. Yellen underlined to Premier Li that while Washington would “in certain circumstances, need to pursue targeted actions to protect its national security”, that should not derail ties. “We may disagree in these instances,” she said. “We should not allow any disagreement to lead to misunderstandings that needlessly worsen our bilateral economic and financial relationship.” Highlighting the challenges, just days before Yellen’s visit, Beijing unveiled new export controls on metals key to semiconductor manufacturing on national security grounds, in the latest salvo in the chips war. The Treasury secretary on Friday told American businesspeople Washington was “concerned” about the curbs. She stressed during her visit that Washington was not seeking a “wholesale separation of our economies”. “A decoupling of the world’s two largest economies would be destabilising for the global economy,” Yellen told a meeting with representatives of US business at a session hosted by the American Chamber of Commerce in the capital. ‘We can see a rainbow’ Despite tensions, Beijing has struck an optimistic tone about the visit. Premier Li told Yellen that China could see the relationship recovering after a difficult period. “Yesterday, the moment you arrived at our airport and left the plane, we saw a rainbow,” Li said. “I think it can apply to the US-China relationship too… after experiencing a round of winds and rains, we surely can see a rainbow.” Analysts said Yellen’s visit could allow for a warming of ties. Chen Dingding, the president of the Guangzhou-based think tank Intellisia Institute, said the visit could have “positive implications” for US-China relations. “A small step towards better Sino-US relations would be a big step for the world and the world economy,” said Lyu Xiang, an expert on the topic at the Chinese Academy of Social Sciences. “The impact of this would be very significant.” On Saturday, Yellen is set to have a meeting and dinner with Chinese Vice Premier He Lifeng, a key official overseeing economic issues, said a Treasury official. She will also have talks on sustainable finance and with women economists. ‘We’re talking’ The United States does not expect specific policy breakthroughs this trip but hopes for frank and productive conversations that can pave the way for future talks, a Treasury official previously told reporters. “Esp­ecially if they’re things that we may disagree about, it’s even more imp­ortant that we’re talking,” they said. Michael Hart, president of the American Chamber of Commerce in China — who met with Yellen on Friday — said: “We’re hoping that she would set the tone. The hope is that following her visit there would be more visits.” Tensions soared earlier this year when the United States detected and then shot down what it said was a Chinese spy balloon after the craft traversed its territory. Secretary of State Antony Blinken cancelled a visit to China over the incident but eventually travelled to the country in June. During that trip, both sides agreed on the need to stabilise their relationship.


July 8, 2023

Pakistan and Switzerland inked a Memorandum of Understanding (MoU) on Saturday in Bhurban, solidifying their commitment to foster cooperation in the domain of disaster management. The agreement was formally signed by Switzerland Foreign Minister Ignazio Cassis, who is on a visit to Pakistan, and National Disaster Management Authority (NDMA) Chairman Lieutenant General Inam Haider Malik. The signing ceremony took place …

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Pakistan, Switzerland ink memorandum to foster cooperation in disaster management


July 8, 2023

Pakistan and Switzerland inked a Memorandum of Understanding (MoU) on Saturday in Bhurban, solidifying their commitment to foster cooperation in the domain of disaster management. The agreement was formally signed by Switzerland Foreign Minister Ignazio Cassis, who is on a visit to Pakistan, and National Disaster Management Authority (NDMA) Chairman Lieutenant General Inam Haider Malik. The signing ceremony took place …

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Pakistan, Italy extend debt swap pact timeline


July 7, 2023

ISLAMABAD: Pakis­tan and Italy have reached an agreement to extend the timeline of the Pakistan-Italian Debt Swap Agreement (PIDSA) till December next year. To this effect, an ‘Exchange of Letters’ was signed by Italian Ambassador Andreas Ferrarese and Economic Affairs Division Secretary Dr Kazim Niaz here on Thursday. Procedures, modalities, terms, and conditions as defined in the agreement signed in …

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Pakistan, China sign MoU to build new unit of Chashma Nuclear Power Plant


June 20, 2023

Pakistan and China on Tuesday signed a memorandum of understanding (MoU) to build a new unit of the 1,200 MW Chashma-5 (C-5) nuclear power project. Wang Yongge, president of the China National Nuclear Corporation Overseas Ltd (CNOS) and Muhammad Saeedur Rehman from the Pakistan Atomic Energy Commission (PAEC) signed the agreement for unit 5 of the power plant. Prime Minister …

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Pakistan, China sign MoU to build new unit of Chashma Nuclear Power Plant


June 20, 2023

Pakistan and China on Tuesday signed a memorandum of understanding (MoU) to build a new unit of the 1,200 MW Chashma-5 (C-5) nuclear power project. Wang Yongge, president of the China National Nuclear Corporation Overseas Ltd (CNOS) and Muhammad Saeedur Rehman from the Pakistan Atomic Energy Commission (PAEC) signed the agreement for unit 5 of the power plant. Prime Minister …

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Pakistan, Iraq resolve to take bilateral ties ‘to new heights’ as Bilawal meets Iraqi president, PM in Baghdad


June 5, 2023

Pakistan and Iraq have resolved to take bilateral ties “to new heights and expand cooperation in diverse areas”, said Foreign Minister Bilawal-Bhutto Zardari after his meeting with Iraqi President Abdul Latif Rashid on Monday. “Today, I called on HE Dr Abdul Latif Jamal, president of Iraq. Resolved to take Pakistan and Iraq relations to new heights and expand cooperation in …

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