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Phase II of CPEC: China-Pakistan Partnership Enters a New Era

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The cornerstone of economic cooperation between the two brothers and all-weather friends is still the China-Pakistan Economic Corridor, the initiative’s flagship project.

In contrast to reports of a slowdown, recent events indicate a renewed vigour and strategic emphasis on pushing the second phase of CPEC, known as CPEC Phase-2, according to the Ministry of Planning, Development, and Special Initiatives.

According to the statement, this crucial stage seeks to reshape the foundation of bilateral ties via increased cooperation, cutting-edge technology transfer, and revolutionary socioeconomic initiatives.

Planning Minister Ahsan Iqbal is leading Pakistan’s participation in a number of high-profile gatherings in China, such as the 3rd Forum on China-Indian Ocean Region Development Cooperation in Kunming and the High-Level Seminar on CPEC-2 in Beijing.

His involvement demonstrates Pakistan’s commitment to reviving CPEC, resolving outstanding concerns, and developing a strong phase-2 roadmap that considers both countries’ long-term prosperity.

At the core of these interactions is China’s steadfast determination to turn CPEC into a strategic alliance that promotes development, progress, and connectivity.

Instead of being marginalised, CPEC is developing into a multifaceted framework with five main thematic corridors: the Opening-Up/Regional Connectivity Corridor, the Innovation Corridor, the Green Corridor, the Growth Corridor, and the Livelihood-Enhancing Corridor.

With the help of projects like these, the two countries will fortify their partnership, and CPEC phase-2 will become a model of global economic integration and collaboration that benefits not just China and Pakistan but the entire region.

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PM Leads Review Meeting: PM Shehbaz Calls for Quick FBR Reforms to Address Outstanding Tax Cases

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Shehbaz Sharif, the Prime Minister of Pakistan, underlined the urgent need to adopt reforms within the Federal Board of Revenue in order to improve efficiency and achieve positive results.

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A rising trend in the benchmark PSX-100 index

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The trading week saw a positive trend on the Pakistan Stock Exchange. The 100 Index bounced back, rising 238 points to 114,075.

Additionally, the 100-Index gained pace during the session, rising 293 points to close at 114,108.

The market’s upswing is attributed by experts to heightened investor confidence. Another important factor in bolstering the stock market is improved global conditions and economic policy.

Experts predict that more advancements in the days ahead are possible if this trend keeps up. It is recommended that investors use caution when keeping their money in the market.

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January 16, 2025: The value of the Pakistani Rupee (PKR) in relation to the US dollar is unchanged.

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The open market exchange rate between the US dollar and the Pakistani rupee was Rs 278.1 on January 16, 2025, while the selling rate was Rs 279.8. The interbank exchange rate between the US dollar and the Pakistani rupee is Rs 278.45, according to Interbank.

There was no movement in the US dollar (USD) from the previous closure of Rs278.

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