PM Shehbaz Sharif: A New Era of Pakistan-China Cooperation Begins

08 Jul 2024 CW Team

Pakistan Prime Minister Shehbaz Sharif announced the beginning of a new era of Pakistan-China cooperation in the information technology, communication, mining, and energy sectors, emphasizing that it would drive economic development and strengthen their longstanding bilateral relationship. Sharif made these remarks while chairing a review meeting in Islamabad to discuss the implementation of agreements and Memorandums of Understanding (MoUs) reached during his recent visit to China, as reported by Radio Pakistan.

Sharif highlighted that enhancing cooperation in these sectors would bolster economic growth, reinforce regional ties, and deepen the friendship between Pakistan and China. He referred to the enduring Pak-China friendship, noting that China had consistently supported Pakistan in challenging times. Sharif pointed out China's rise as a formidable economic power and suggested that Pakistan could follow its development model.

The 72-year-old Pakistan Muslim League-Nawaz (PML-N) leader stressed that any disruptions in the execution of the agreements and MoUs signed during his visit would not be tolerated. He committed to personally overseeing the implementation of these agreements to ensure their success.

During the meeting, Sharif was briefed about a recent visit by a delegation of Chinese shoemaking companies to Pakistan. These companies plan to relocate their manufacturing units to Pakistan, which is currently facing economic difficulties. It was reported that the Chinese companies could potentially invest between $ 5-8 billion in this sector.

Real Estate

11 May 2026

Danube Launches Greenz Villa Community in Dubai

Danube Properties has launched Greenz by Danube, a fully furnished master villa community in Dubai, unveiled by H.E. Sheikh Nahyan bin Mubarak Al Nahyan, UAE Minister of Tolerance and Coexistence, at an event attended by over 7,000 investors and business leaders.Located near Dubai International Academic City and Dubai Silicon Oasis, the development marks Danube’s first large-scale integrated villa community and is positioned within one of Dubai’s emerging residential corridors.The project will comprise three and four-bedroom townhouses along with five-bedroom semi-detached and twin villas...

ABB Launches IE6 Motor for Hazardous Industrial Areas

ABB has introduced what it claims is the world’s first IE6 Hyper-Efficiency motor certified for hazardous industrial environments under ATEX and IECEx standards.The new Increased Safety motor is based on ABB’s synchronous reluctance (SynRM) technology and is designed without magnets or rare earth materials. According to the company, the motor reduces energy losses by up to 60 per cent compared to standard IE3 induction motors commonly used in hazardous areas.The motor is intended for use in industries such as chemicals, marine, oil and gas, pharmaceuticals and food and beverage, where expl..

Casagrand Launches 41-Acre Highcity Project in Chennai

Casagrand has launched Casagrand Highcity, a 41-acre integrated residential development on Chennai’s Outer Ring Road (ORR), marking the company’s largest residential project to date.The project will comprise over 4,000 two and three BHK apartments across four G+22 towers and is positioned as one of the largest organised residential developments in the ORR corridor.Located along Chennai’s emerging residential and infrastructure growth belt, the project benefits from connectivity to IT hubs including Navalur, Siruseri SIPCOT and Porur, as well as industrial clusters such as Sriperumbudur, ..