KARACHI: The tropical cyclone Vayu formed in the Arabian Sea has converted in category one and the Met. Dept. issued an alert in this regard.
Though there is no threat to the Pak coastline, isolated heavy rain is expected with dust thunderstorm in Tharparkar, Badin, and Thatta from today (Thursday).
The spokesman further said that the port city is in the grip of very hot weather with temperatures rising to above 40-degree centigrade today and the Metropolis would also face heat wave situation in upcoming days.
Meanwhile, Director Fisheries Sindh (Marine) has advised fishermen to remain alert and not to venture in the deep sea.
China tells top global CEOs it will ‘further open up’
BEIJING: Premier Li Keqiang vowed Thursday to further open up China’s economy during a meeting with CEOs of top global companies amid simmering trade tensions with the United States.
Washington and other trade partners have long complained about the uneven playing field foreign companies encounter in China, theft of intellectual property and entry barriers that allow state-backed companies to dominate crucial sectors of the economy.
During the meeting in Beijing with heads of 19 multinational companies, Li pledged to make China more attractive to foreign investors.
“We welcome more and more foreign investment to come to China,” Li told the group representing the Global CEO Council.
“We will also relax (restrictions on) access to even more fields to create a market-oriented, law-based internationalised business environment.”
Among the industry leaders attending the meeting at Beijing’s opulent Great Hall of the People were Volkswagen head Herbert Diess, Pfizer CEO Albert Bourla, Daimler’s Ola Kallenius, UPS chief executive David Abney, Honeywell CEO Darius Adamczyk and Nokia’s Rajeev Suri.
Jean-Pascal Tricoire, head of Schneider Electric, told Li that foreign firms are the “best bridges” between China and the rest of the world.
“Since sometime though, the world has been going through turbulences, tensions and challenges,” Tricoire said.
The meeting comes as bruising US tariffs threaten China’s status as the “factory of the world,” with companies looking to move production outside the country, according to a recent survey by the American Chamber of Commerce in China.
The Chinese government also convened top tech companies and warned them of consequences if they cut off technology sales to the country, the New York Times reported earlier this month.
Last month US President Donald Trump moved to blacklist Chinese tech giant Huawei over national security concerns, curbing its access to US-made components it needs for its equipment.
China later announced plans for its own list of “unreliable” foreign companies, which it said targets companies that “undermine national security”.
Trump and Chinese President Xi Jinping will meet at the G20 summit in Japan next week, raising hopes that trade war talks will be back on track after they collapsed last month.
‘India wants a cordial relationship with all countries’, Modi says in letter to PM Imran
ISLAMABAD: Indian Prime Minister Narendra Modi, in a letter to his Pakistani counterpart Imran Khan, says that India wants a cordial relationship with all countries in the region.
” We [India] want peace and prosperity in the region,” said the Indian premier.
His letter came after PM Imran Khan and foreign minister Shah Mehmood Qureshi had wrote letters to Indian authorities over BJP victory in India’s general elections and expressed Pakistan’s desire to resolve all bilateral contentious issues through dialogue.
Modi has expressed that India was ready for dialogue with Pakistan.
“India has always given importance to the peace and progress,” the letter by the PM said. Modi called for dialogue between Pakistan and India to specially focus on ways to curb terrorism.
Pak-China agree to expedite work on Sukkur-Hyderabad Motorway
ISLAMABAD: Minister for Planning, Development and Reform Makhdum Khusro Bakhtyar and Ambassador of China Yao Jing during a meeting here on Monday agreed to expedite the work on Eastern Corridor from Sukkur to Hyderabad in BOT (Build, Operate, and Transfer) mode for its early completion.
The two dignitaries expressed satisfaction over the pace of projects under China Pakistan Economic Corridor (CPEC) framework.
CPEC: Sukkur-Multan motorway benefits people
The Sukkur-Multan section of the Peshawar-Karachi Motorway being constructed under CPEC has vitalized the local economy and benefited the people in the area.
The motorway has a design speed of 120 km per hour, and it is a two-way six-lane road stretched from Sukkur, a city in Sindh province, to Multan, a city in Punjab province, People’s Daily Online reported here on Wednesday.
The project, being completed by the engineers of China State Construction Engineering Corporation (CSCEC) alongside local Pakistanis, has promoted private sector development and small and micro businesses in the local area and regions along the route.
A Chinese manager said the building materials such as gravel and cement were bought from local companies, accelerating the industrial chain cycle.
The construction corporation also worked with local companies to exploit natural resources, facilitating related industries such as transportation and sales.
The project officially started in the year 2016 has created job opportunities for graduates and specialized workers including 26-year-old Salman who came from a small town 130 kilometers away from Multan. After graduation, he applied for a job in the project.
With excellent English and professional skills, he was hired to lead about 1,000 Pakistani workers. A lot of Pakistani workers like Salman realized their potential in the construction project.
The motorway has created 23,000 positions, including administrative staff and senior technical workers. It has also helped create more than 40,000 jobs through the development of related industries.
The project has trained 4,500 machine operators and 2,300 administrators and technicians for Pakistan so far.
The CSCEC has sent a medical team to provide free services for 3,900 local people and has also built nine schools in Pakistan.
The project is expected to be completed by June 2019. By then, the distance from Sukkur to Multan will be shortened from 463 kilometers to 392 kilometers, and the travel time halved from 8 hours to 4 hours.
The Multan-Sukkur motorway is part of Peshawar-Karachi Motorway. This route starts from Karachi via Hyderabad, Sukkur, Multan, Islamabad, Lahore, and other cities, and ends in Peshawar with a total length of 1,152 kilometers.
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