Pakistan Affairs

Tag: strengthen

  • \’Great wall of steel\’: Xi Jinping vows to strengthen China\’s military

    In his first public address since securing a third term as China\’s president, Xi Jinping urged the country to build a \”great wall of steel\” in the form of its military to safeguard its national security and development interests. Speaking at the closing session of the National People\’s Congress, Xi also called for China to \”unswervingly achieve\” national reunification, citing the island of Taiwan as a major challenge. Xi emphasized the need for faster technology development and more self-reliance in his speech full of nationalistic terms. The ruling Communist Party is expected to tighten oversight over security matters, following Xi\’s replacement of top security officials with his trusted allies. China also set a GDP growth target of about 5%, its lowest in almost three decades. The new premier, Li Qiang, reassured the private sector that the environment for entrepreneurial businesses would improve and equal treatment would be given to all types of companies. Li is tasked with reviving the world\’s second-largest economy after three years of COVID-19 curbs.



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  • \’Great wall of steel\’: Xi Jinping vows to strengthen China\’s military

    In his first public address since securing a third term as China\’s president, Xi Jinping urged the country to build a \”great wall of steel\” in the form of its military to safeguard its national security and development interests. Speaking at the closing session of the National People\’s Congress, Xi also called for China to \”unswervingly achieve\” national reunification, citing the island of Taiwan as a major challenge. Xi emphasized the need for faster technology development and more self-reliance in his speech full of nationalistic terms. The ruling Communist Party is expected to tighten oversight over security matters, following Xi\’s replacement of top security officials with his trusted allies. China also set a GDP growth target of about 5%, its lowest in almost three decades. The new premier, Li Qiang, reassured the private sector that the environment for entrepreneurial businesses would improve and equal treatment would be given to all types of companies. Li is tasked with reviving the world\’s second-largest economy after three years of COVID-19 curbs.



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  • Pakistan to strengthen relations with Kuwait: Hina

    اسلام آباد: وزیر مملکت برائے امور خارجہ حنا ربانی کھر نے منگل کو کہا کہ پاکستان کویت کے ساتھ انفارمیشن ٹیکنالوجی اور فوڈ سیکیورٹی سمیت مختلف شعبوں میں تعلقات کو مزید مستحکم کرنے کے لیے پرعزم ہے۔

    کویت اور پاکستان کے درمیان سفارتی تعلقات کے قیام کی 60ویں سالگرہ کے موقع پر وزارت خارجہ اور اسلام آباد میں کویت کے سفارت خانے کی جانب سے ایک مشترکہ تقریب کا اہتمام کیا گیا۔ وزیر مملکت برائے خارجہ امور کھر تقریب کے مہمان خصوصی تھے۔

    اپنے خطاب میں، کھر نے گزشتہ چھ دہائیوں میں طے شدہ تاریخی دوطرفہ تعلقات کی تعریف کی۔ انہوں نے دونوں ممالک کے درمیان تعلقات کی گہرائی پر مبنی نوعیت پر روشنی ڈالی، جس کی خصوصیات برادرانہ تعلقات، مشترکہ خواہشات اور اقدار کے ساتھ ساتھ مستقبل میں تعاون کے روشن امکانات ہیں۔

    انہوں نے کہا کہ پاکستان اور کویت کے تعلقات کی جڑیں دونوں ممالک کے عوام میں گہری ہیں، وقت گزرنے کے ساتھ ساتھ تعلقات مزید مستحکم ہو رہے ہیں۔

    انہوں نے نشاندہی کی کہ پاک کویت انویسٹمنٹ کمپنی دونوں ممالک کے درمیان اقتصادی تعاون کے لیے اہم کردار ادا کر رہی ہے۔ انہوں نے مزید کہا کہ کویتی قابل تجدید توانائی کے منصوبے پاکستان میں توانائی کے شعبے کے لیے اہم ہیں۔

    کاپی رائٹ بزنس ریکارڈر، 2023



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  • FirstFT: Russia and China vow to strengthen ties

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    This article looks at the deepening relationship between Vladimir Putin and China\’s Xi Jinping, and how Beijing has provided an economic lifeline to Moscow as western sanctions bite. Five news stories are also discussed, including the missing Chinese banker Bao Fan, the arrest of Imran Khan supporters in Pakistan, Toyota\’s pay rises in Japan, Google\’s breakthrough in quantum computer error correction, and the Federal Reserve\’s interest rate decision. Lastly, the article mentions Emperor Naruhito\’s birthday, Turkey\’s interest rate decision, and earnings from companies such as Alibaba Group, Deutsche Telekom, and Intuit. It also looks at Ayatollah Ali Khamenei\’s attempts to manage his image, the costs of Russia\’s invasion of Ukraine, and the Nigerian presidential race. Follow us on Facebook and Twitter to stay up-to-date with the latest news and views.



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  • Dollar hovers near six-week high as economies strengthen

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    LONDON/SINGAPORE: The dollar was little changed on Wednesday, continuing to trade near six-week highs on the back of strong economic data.

    Survey data released on Tuesday showed US business activity unexpectedly rebounded in February to reach its highest in eight months. In the euro zone, a survey-based gauge of activity also surged, hitting a nine-month high.

    The signs of economic strength caused traders to pencil in further interest rate hikes from the Federal Reserve on Tuesday, driving the US S&P 500 stock index 2% lower and the dollar up 0.3%.

    On Wednesday, the euro was flat at $1.065, just above Friday’s six-week low of $1.061.

    Dollar flat but data continues to support

    The dollar index was up less than 0.1% at 104.22, not far off the six-week high of 104.67 hit at the end of last week.

    Investors’ focus now turns to the release of the minutes from the Fed’s latest meeting later on Wednesday, which could offer more insight into policymakers’ plans.

    “We’ve been in this dollar rebound for three weeks. The fundamental driver essentially is the market repricing Fed hikes higher,” said Alvin Tan, head of Asia FX strategy at RBC Capital Markets.

    “That’s the near-term momentum and that’s the path of least resistance,” Tan said. “I wouldn’t fight it for now… a further extension of this rally is likely in my view.”

    A blockbuster US employment report in early February sparked the rebound in the dollar, which has been helped along by a series of strong data releases.

    Traders on Tuesday were projecting the Fed’s main interest rate would rise to peak around 5.35% in July, according to Refinitiv data based on derivative market pricing.

    At the start of February, expectations were for a peak just below 5%. The Fed has raised rates to a range of 4.5% to 4.75%, from 0% to 0.25% as recently as March 2022.

    Investors have also increased their ECB rate bets. Deutsche Bank on Tuesday said it now expects rates to rise to 3.75%, having previously expected them to rise to 3.25% from their current level of 2.5%.

    The dollar slipped 0.1% to 134.85 yen, after rising more than 0.5% on Tuesday.

    The pound was down 0.26% to $1.208.It climbed 0.6% on Tuesday after British survey data also came in strong.

    Over in the antipodes, the kiwi was last flat at
    $0.622, after having risen to an intra-day high of $0.625 earlier in the session following a hawkish rate hike from the Reserve Bank of New Zealand.



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