Current Final

Tag: China

  • ‘Gen Bajwa reached China to control situation after PTI ministers’ statements against CPEC’

    Senate Standing Committee on Foreign Affairs Chairman Mushahid Hussain Sayed has said that Chief of Army Staff (COAS) General Qamar Javed Bajwa had to go to China to control the situation after Pakistan Tehreek-e-Insaf (PTI) ministers levelled baseless allegations regarding the China-Pakistan Economic Corridor (CPEC) projects.

    Speaking to a private media outlet Sunday, Mushahid said it was regrettable that the United States (US) openly opposed the CPEC initiative, adding that the project was not aimed at defence, though it did have various strategic implications.

    “China has no link with attempts to subjugate right to freedom in Pakistan,” he said and added that it was unfortunate how every government in Pakistan tried to take credit for the projects launched by its predecessors.

    Speaking about Federal Minister for Communication Murad Saeed’s allegations about corruption in CPEC projects, Mushahid said not even a single rupee corruption had been proven and Pakistan Muslim League-Nawaz (PML-N) leader Ahsan Iqbal should take Murad to court in this regard.

    The PML-N senator said that CPEC had a central position in the Pak-China strategic relationship, and maintained that the PTI leadership should be very careful in giving statements about the flagship projects as they were not fully aware of the sensitivities attached to it.

  • Pakistanis to face reduction in salaries in 2020: report

    The salaries across Pakistan are expected to record a substantial decrease this year due to rising inflation and depreciation of the Pakistani rupee, according to a report released on Tuesday by mobility consultancy ECA International.

    According to the details, the Salary Trend Report published by the group contends that the average real salary increase in Pakistan is expected to be negative, and employees will likely be worse off than they were last year. Lee Quane, Regional Director Asia at ECA International, has surmised these trends.

    Lee explained, “The average real salary increase in Pakistan is forecast to be -3.0%, meaning that employees will be worse off than they were last year. Despite the nominal increase staying at a relatively high 10.0%, inflation has shot up as the rupee has depreciated.”

    He also said that the Inflation in Pakistan is forecast to reach 13.0% in 2020, exceeding the nominal increase and leaving workers out of pocket compared to 2019.

    However, the same is not true for other Asia-Pacific countries, especially neighbor and arch-rival India. 

    According to the report, India topped the table for average real salary increases in Asia, but now also tops the table globally for 2020. The average real salary increase is set to be 5.4% for workers in India, which is four times the rise expected in Hong Kong. 

    “Salaries in India are set to rise significantly, with the 5.4% increase almost four times as high as the expected increase in Hong Kong. Despite inflation rising slightly from 2019 and the economy slowing slightly, though workers can still expect more increases” said Quane. 

    Workers in China are set to see a real salary increase of 3.6% in 2020, while UK workers will receive a lower real salary increase in 2020 as compared to the previous year.

    Overall, the global average salary increase stands at 1.4% and the Asia-Pacific average increase is 3.2%. 

  • ‘Pakistan may have released poisonous gas to pollute air in India,’ alleges BJP leader

    ‘Pakistan may have released poisonous gas to pollute air in India,’ alleges BJP leader

    A Bharatiya Janata Party (BJP) leader Vineet Agarwal Sharda has said alleged either Pakistan or China could have released poisonous gases into India to pollute its air, Pakistan Today reported.

    According to the details, the BJP leader that our neighboring countries should be blamed for the high levels of pollution in Delhi and adjacent areas, adding that “I feel that Pakistan or China are afraid of us”.

    “Ye jo zehreeli hawa aa rahi hai, zehreeli gas aayi hai ho sakta hai kisi bagal ke mulk ne chhori ho jo humse ghabraya hua hai (There is a possibility that this poisonous gas could have been released by any neighboring country which is afraid of us), BJP leader said.

    “We must seriously consider whether Pakistan has released any poisonous gas,” Vineet Agarwal said.

    Sharda said that Pakistan was “frustrated” ever since Indian Prime Minister (PM) Narendra Modi and Home Minister Amit Shah took charge and was resorting to all sorts of tactics against India.

    Terming Modi and Shah as Lord Krishna and Arjuna from Mahabharata, Vineet said that both leaders were capable of solving all problems.

  • PM Imran plans to hand over Pakistan Steel Mills to China

    Prime Minister (PM) Imran Khan has decided to hand over Pakistan Steel Mills (PSM) to China for its revival through government to government deal, Geo News has reported.

    According to the details, PM is also exploring options to finance multi-billion-dollar railways Mainline (ML-1) during his upcoming visit to Beijing.

    PM will take up five issues during his visit, he will offer China to get Pakistan Steel Mills, finalise deal on modernisation of ML-1, financing of Bunji hydropower project, agriculture and social sectors-related projects in and outside the ambit of CPEC.

    Pakistan’s top leadership will give assurances to the Chinese side that China Pakistan Economic Corridor (CPEC) would not slow down, but its next phase would be pursued with zeal and vigour despite passing through under the IMF [International Monetary Fund] programme.

    PM Imran will leave for a three-day visit to China on Monday, where he would also discuss Kashmir dispute.

  • PTI govt accused of sidelining China to appease US

    PTI govt accused of sidelining China to appease US

    Pakistan Muslim League-Nawaz (PML-N) Senator Mushahid Hussain Syed has accused the Prime Minister (PM) Imran Khan-led government of “downgrading relations with China to appease the United States (US)”.

    Addressing the joint parliament session on Wednesday, he alleged that the Pakistan Tehreek-e-Insaf (PTI) government deliberately slowed down the development of the China-Pakistan Economic Corridor (CPEC) while Islamabad negotiated with the International Monetary Fund (IMF) for a bailout.

    “They also shared details of the CPEC with the US, against national interests,” he said, adding that the premier, during his Washington trip, also “completely miscalculated President Donald Trump’s mediation offer on Kashmir as it was deception, decoy and a trap”.

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    The senator said that the US Department of State had clearly supported the Indian narrative according to which the Kashmir issue was an internal matter between Pakistan and India, and the US should not intervene.

    “The government sidelined China and thought that the US would help solve all its problems,” the senator said and added that the opposition had warned the ruling PTI that the move would upset the Chinese.

  • Chinese company to provide millions of job, business opportunities to Pakistani women

    Chinese company to provide millions of job, business opportunities to Pakistani women

    Chinese services company, Timesaco, will be providing millions of jobs and business opportunities to women through different e-commerce platforms in six major cities of the country, Associated Press of Pakistan (APP) reported.

    Reports quoted Timesaco Chief Executive Officer (CEO) Donald-Li as saying that the company plans to introduce different e-commerce platforms for women, through which they will be able to do different online businesses.

    He said Timesaco’s e-services platform would create millions of jobs for women and help them start their own businesses without any investment.

    Li said that Timesaco’s platform will uplift women living in poverty and facing greater challenges in earning a steady income, educating and feeding their children.

    Earlier it was reported that the company is looking to invest $600m in the country in service sectors. Eyeing opportunity in the country’s transport business, Timesaco has prepared to launch a new ride-hailing service called Buraq Taxi Service across 10 major cities on August 10.

    Devised using a comprehensive strategy to take on the current titans in the market, the taxi service will provide five types of services to customers, including taxi service, heavy cargo delivery, orders delivery, moving automated teller machines (ATM) and vehicle advertisement facilities.

  • How 5G will change everything?

    How 5G will change everything?

    China and the United States are in a race over who will master the technology first. On May 15, the United States President Donald Trump banned Huawei in the country. The reason cited was a “threat to national security”.China already leads the world in the mobile market sector, so it is very well expected that China will be on the top when it releases its 5g technology.

    5G will change everything but How?

    Wifi Everywhere

    An entire building can get a direct 5G connection from a nearby cell, and within that building, every device can take advantage of 5G’s speeds via existing wifi connections, including TVs, game consoles, phones, desktop computers, laptops, etc.

    Faster Downloading

    5G will allow downloading 20 times faster than 4G.  The 5G technology will be up to twenty times faster than the 4G. downloading a two-hour long movie takes six minutes on a 4G network, while it will only take 3.6 seconds on a 5G network.

    Smart Vehicles

    When a whole city is online with 5G, and cars can communicate directly with other cars and traffic lights, traffic signals will respond appropriately. One day, you can quit waiting at a stop light when no other cars are around. The system will know when other vehicles are approaching fast enough to warrant a red light on your side, and will otherwise let you cross the intersection effortlessly.

    Vehicles require GPS to know exactly where they’re located. The latest generation of GPS chips are even more accurate, direct car-to-car communication will make the whole experience even better, specifically when it comes to safety and traffic jams.

    Smarter Healthcare

    Exchanging information with your doctor or should be something you can tap into at any time, especially in emergency situations. An “on-demand doctor” will be there all the time.

    Imagine the near future where smart wearable not only monitor your heart rate but also your blood sugar, hemoglobin, etc. The last thing you’d want in an emergency is for your device to not be able to communicate important data to your doctor because the connection was slow. With 5G your wearable will be able to quickly contact a server to update your health records for your doctor to see or to alert a family member that you need instant attention.