KARACHI – The Pakistan Business Council said an interest rate cut of about 200 basis points on December 16 is possible, with further cuts expected in early 2025 if inflation remains under control. “This cut will bring the interest rate closer to the prevailing three-month interbank offered rate (KIBOR), which is currently around 12.5 percent,” … Read more
“Kraven the Hunter” received a theatrical release in mainland China that was closely coordinated with its North American and international releases. It will open in Chinese theaters on December 14, a Saturday. Its international campaign begins at the Red Sea International Film Festival in Saudi Arabia on December 11, along with its first commercial flights … Read more
The Chinese national flag appears in front of the Central Financial District on Chinese National Day in Hong Kong, China on October 1, 2022. – Reuters The move would raise “the maximum local government debt by six trillion yuan.” The debt ceiling is scheduled to be raised every year from 2024 to 2026. A total … Read more
Pakistan imported nearly 15 gigawatts of solar panels worth $2.1 billion from China in the last fiscal year, as reported in a study titled Great solar eruption in Pakistan. The study indicated that high electricity tariffs, which have risen by 155 percent over the past three years, are pushing households and industries with high consumption … Read more
China has expressed serious concern over Pakistan’s delay in transferring 97 acres of Gwadar port land and securing funds for the Main Line 1 (ML-1) railway project. The stalled land transfer, a decade after the handover of Gwadar port to China, and the unresolved financing of ML-1 have emerged as major points of contention amid … Read more
BEIJING: Chinese President Xi Jinping sent a congratulatory message to the annual gala dinner of the National Committee for U.S.-China Relations (NCUSCR) on Tuesday. Xi said in his message that he appreciated the tireless efforts of the NCUSCR to promote exchanges and cooperation between China and the United States in various fields and congratulated the … Read more
China escalated tensions with Taiwan by launching military exercises on Monday (October 14), deploying ships, planes and other military assets around the island. The move, known as “Operation Joint Sword 24B,” comes shortly after Taiwan’s National Day celebrations. The exercises involved China’s People’s Liberation Army (PLA) testing various strategic capabilities, including port blockades and assaults … Read more
NEW DELHI: India and China have agreed to step up efforts to ensure complete disengagement on the disputed Himalayan border, New Delhi said on Thursday after Indian National Security Advisor Ajit Doval met the Chinese minister of Foreign Affairs Wang Yi in Russia. “Both sides agreed to work urgently and redouble efforts to achieve complete … Read more