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Xi Jinping says will support Pakistan in stabilising its financial situation

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  • China, Pakistan should effectively move forward with CPEC’s construction: President Xi. 
  • Says both countries should accelerate Gwadar Sea Port’s construction. 
  • PM Shehbaz, President Xi exchange views on regional, global developments.

BEIJING: China will continue to support Pakistan in stabilising its financial situation, state media quoted China’s President Xi Jinping as saying on Wednesday.

China and Pakistan should move forward more effectively with the construction of their economic corridor, as well as accelerate the construction of infrastructure for the Gwadar Sea Port, state media reported.

The statement was reported by Reuters after Prime Minister Shehbaz Sharif held a meeting with China’s President Xi Jinping which focused on increasing multilateral cooperation between both countries especially the China-Pakistan Economic Corridor (CPEC).

PM Shehbaz is on a two-day official visit with a high-level delegation at the invitation of Premier Li Keqiang. The meeting was primarily aimed at revitalising the CPEC project.

The meeting took place at China’s Great Hall of the People during which the two leaders discussed the broad-based cooperation in economy and investment.

As per the Pakistani government statement, both leaders exchanged views on regional and global developments. They also held discussions to further strengthen the strategic partnership between both countries. 

PM holds delegation level talks with Premier Li

After his meeting with President Xi, Prime Minister Shehbaz Sharif held delegation level talks with Premier Li Kiqiang.  

Information Minister Marriyum Aurangzeb said that talks “deliberated upon CPEC extension to harness multiplier effects in terms of future socio-economic development and geopolitical stability”. 

Before the talks, PM Shehbaz was also given a guard of honour at the Great Hall of the People. 

Chinese companies accept PM’s invitation to invest clean water project 

The Chinese companies have accepted PM Shehbaz’s invitation to invest in several projects including providing clean water in Karachi.

The companies have shown keen interest in investment and joint ventures in Pakistan. The PM has also invited leading companies of China to visit Pakistan.

The premier has also offered the companies to jointly work on 10,000MW solar power project. He also urged to speed up the work on Gwadar Airport and complete it this year, to which the Chinese company assured the construction to be completed by the start of next year.

Speaking to the delegation of the companies, the prime minister apologised and said that he is aware of the issues in the past. He said that he solved the issues of faced by the companies after assuming office and paid Rs160 billion owed to the companies while Rs50 billion have been paid yesterday and the established a revolving fund of Rs50 billion.

PM Shehbaz said that the Sindh government is ready to work with the companies to solve the water supply issue in Karachi.

Second phase of CPEC to usher new era of development 

Before departing for Beijing on November 1, the premier said that he was “honoured to be among the first few leaders to have been invited after the historic 20th National Congress of the CPC”.

He said that the second phase of CPEC is expected to usher in a new era of socioeconomic development that will improve the standard of living for our people.

The premier also said that there is a lot to learn from the Chinese economic miracle.

“At a time when the world is grappling with multiple challenges, Pakistan and China stand together as friends and partners,” he said.

A day before the visit, China warmly welcomed the PM’s visit and said it looked forward to further advancing high-level strategic cooperation between the two countries and bringing more fruitful outcomes from Sino-Pak friendship to the benefit of the two people.

Chinese Foreign Ministry Spokesperson, Zhao Lijian, said that no matter how the international or domestic situations had evolved, the China-Pakistan friendship had been carried on from generation to generation.

“Our two countries have always supported each other on issues concerning respective major interests and have stood together and helped each other in the face of major natural disasters,” he added.

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Zaidong, the ambassador, said China will fully back Pakistan’s counterterrorism operations.

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Reaffirming on Thursday that China will provide Pakistan with unwavering support in its fight against terrorism is Chinese Ambassador to Pakistan Jiang Zaidong.

In an interview that was broadcast on television, the ambassador promised to cooperate with Pakistan and said that China will protect the interests and safety of the citizens of the two friendly nations.

Zaidong underscored that efforts to undermine the two nations’ bilateral relationship would be thwarted by China’s cooperation with Pakistan.

Also, he emphasized how crucial China-Pakistan relations have become strategically given the changing nature of the world.

In highlighting the transformative impact of the China-Pakistan Economic Corridor (CPEC), the ambassador reaffirmed his nation’s commitment to seeing it through.

In addition to creating thousands of employment, he said, “the CPEC has facilitated significant advancements in power generation and transportation infrastructure with over $25 billion in direct investments and substantial infrastructure development.”

Zaidong stressed the value of sharing ideas and knowledge between Pakistan and China, acknowledging their shared security objectives.

Stressing that both countries have a common future, he envisioned their partnership having a greater social impact.

Concerning the terrorist attack on Chinese nationals [working on the Dasu dam], the ambassador expressed gratitude to the Pakistani people for their condolences and sympathy and commended the government for its prompt action.

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Mild rain in Lahore improves the weather

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Early on Friday, light rain in the province capital Lahore and its surrounding areas improved the weather.

But rain also led to power outages in several areas of Lahore, as multiple feeders of the Lahore Electric Supply Company (LESCO) blew, leaving whole sections of the city without power.

Details show that rain was observed in a number of locations throughout the city, including Model Town, Gulberg, Garden Town, Mall Road, Lakshmi Chowk, Gulshan Ravi, Jail Road, and Sanda.

However, the Met Office has forecasted an additional day of rain for the city during the next 24.

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The government will begin coordinated action against lawbreakers in the Katcha region

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On Friday, Mohsin Naqvi, the interior minister, announced that the government would begin a coordinated operation in the Katcha region to eradicate the miscreants for good.

He stated that collaborative efforts in the Katcha region will make use of contemporary technologies, including drones.

According to Mohsin Naqvi, all security agencies, including the police, should make sure that SOPs are fully implemented in order to protect Chinese nationals living in Pakistan.

He declared that any carelessness in this respect will not be accepted at all while presiding over a meeting to review the National Action Plan’s implementation at NACTA headquarters in Islamabad.

According to Naqvi, failure to follow the SOPs for the safety of foreign nationals will result in severe disciplinary action.

“We have to outfit our departments with cutting-edge technology to eradicate terrorism,” stated the interior minister. He declared that the provinces will receive all the assistance from the federation in this area.

Anti-state forces will be permanently driven out of the Katcha region, according to Naqvi. The interior minister expressed satisfaction with the anti-smuggling operations and stated that all ministries need to make sure that smugglers face stern legal action.

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