Islamabad, August 1, 2023 – A special ceremony was held on Monday, July 31, 2023, in Islamabad to mark the momentous occasion of the completion of the first decade of the China Pakistan Economic Corridor (CPEC). High-level leadership from both Pakistan and China graced the event, demonstrating the significance of this milestone in bilateral cooperation.
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Zhang Yufei Secures Gold in 100m Butterfly at Swimming Championship
In a breathtaking display of aquatic prowess, China’s emerging swimming sensation, Zhang Yufei, has achieved a phenomenal triumph at the prestigious Swimming World Championships.
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Pakistan’s Imports from China Plummet 44% in FY23
Karachi, July 21, 2023 – Pakistan has experienced a substantial 44% decline in imports from China during the fiscal year 2022-23, according to data released by the State Bank of Pakistan (SBP).
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China Proposes Digital Currency Settlement Among SCO Members
BEIJING: China has put forth a proposal to enhance cooperation on sovereign digital currency among member countries of the Shanghai Cooperation Organization (SCO). This initiative aims to improve transaction efficiency and elevate trade among SCO members.
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China removes PCR test for inbound travelers
On April 25, 2023, Chinese Foreign Ministry announced to remove the mandatory polymerase chain reaction PCR tests before boarding flights.
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Pakistan supports use of Chinese RMB as global currency
Pakistan is strong supporter for expanding the use of Chinese Renminbi (RMB) as use of global currency.
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Khunjerab Pass reopening to boost Pak-China trade: PM Sharif
On Sunday, Prime Minister Muhammad Shehbaz Sharif expressed his satisfaction regarding the reopening of Khunjerab Pass, stating that it would boost bilateral trade between Pakistan and China.
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Khunjerab Pass reopens for Pakistan, China trade
Khunjerab Pass, a vital trade route between Pakistan and China, has been reopened after being closed for almost three years due to the Covid-19 pandemic.
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China continues to help Pakistan stabilize financial situation
BEIJING: China has done its utmost to help Pakistan stabilize financial situation, said Chinese Foreign Ministry Spokesperson, Zhao Lijian on Monday and added his country will continue to do so in the future.
“China and Pakistan are all-weather strategic cooperative partners. We have been supporting each other for common development and in joint efforts to overcome difficulties,” he said during his regular briefing in response to a question about the debt assistance provided by China and other financial assistance.
“China has done its utmost to help Pakistan stabilize its financial situation. We have been doing so, and we will continue to do so,” he said.
As per media reports, during Prime Minister Shehbaz Sharif’s recent official visit to Beijing, the Chinese leadership promised to roll out $4 billion in sovereign loans, refinance $3.3 billion commercial bank loans and increase currency swept by about $1.45 billion.
To a question about Pakistan’s current political situation, he said that China had noted the relevant reports.
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Forbes China includes Xiaomi in best employers list
BEIJING: Xiaomi, a global technology leader and the third largest smartphone manufacturer has been named one of the top ten employers by Forbes China.
READ MORE: Xiaomi joins hands with SELECT for phone production
Xiaomi had 33,000 full-time employees worldwide at the end of last year. Other companies on the list include Schneider Electric, Hitachi Energy, Bank of China, etc.
Forbes China made its selection after surveying 70,000 people over three months. The survey, which involved multiple topics, was conducted by Forbes China and Russell Consulting Company.
READ MORE: Xiaomi plans assembly plant in Pakistan
Xiaomi was listed as one of the “World’s Best Employers 2021” by Forbes. It was also ranked No. 4 on the list of “China’s Most Attractive Employers” for engineering students by Universum.
Xiaomi prides itself on maintaining best practices for recruitment, employment, and employee benefits. According to the Company’s Environmental, Social, and Governance (ESG) Report last year, Xiaomi was free of unfair labor practices or gender discrimination.
READ MORE: Clearance of mobile phones: Customs valuation of 234 brands, models issued
“Xiaomi is pleased and honored to be recognized for our employment practices,” said Wang Xiang, Partner and President of Xiaomi Group. “We recruit talent from around the world and give our employees the best opportunity we can to unleash their creativity to make products that improve the world. Xiaomi is committed to operating at the highest standards and protecting the rights of our employees.”