
President hails China's role in socio-economic uplift
During the meeting, President Zardari said that Pakistan attaches utmost importance to its relations with China and is keen to further strengthen bilateral cooperation in areas of mutual interest. He highlighted the vast potential for increasing collaboration in the areas of trade, economy, culture, and regional connectivity.
The president emphasised the need to work together for the promotion of peace, security, and prosperity in the region. He said that China has always stood by Pakistan in times of need, and the people of Pakistan remain grateful to their iron-clad brother for its consistent support.
President Zardari also appreciated China's role in Pakistan's socio-economic development and thanked the Chinese leadership and people for their continued support.
On the occasion, the Chinese ambassador conveyed a special birthday message from President Xi Jinping, extending warm wishes to President Zardari on his upcoming birthday.
Copyright Business Recorder, 2025

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Express Tribune
2 minutes ago
- Express Tribune
CM praises UAE scientific progress
Punjab Chief Minister Maryam Nawaz Sharif and PML-N President Muhammad Nawaz Sharif discussed with UAE Ambassador Hamad Obaid Ibrahim Salem Al-Zaabi the expansion of bilateral economic partnership and cooperation in education, science and sustainable development. The chief minister and former PM Nawaz Sharif conveyed best wishes and goodwill of the people of Punjab to the leadership and people of UAE. They agreed to take cooperation between Pakistan and UAE to new heights, and paid tribute to the leadership of President Sheikh Mohammed bin Zayed Al Nahyan. The leaders appreciated the scientific progress, environment friendliness, and modern vision of the UAE leadership. The PML-N leader said on the occasion, "Relationship between Pakistan and UAE is not just diplomatic but a bond of hearts. Bilateral relations between Pakistan and UAE have always stood the test of time and circumstances." Chief Minister Maryam Nawaz said,"We are keen to further expand cooperation with UAE in fields of education, research and environment." She added,"Visa-free entry for official and diplomatic passport holders between Pakistan and UAE is commendable." She highlighted, "Increase in Pak-UAE bilateral trade volume is a source of joy. Education, health, infrastructure and renewable energy sectors in Punjab have been put on the path of innovation." She invited UAE investors, institutions and business community to invest in Punjab. Meanwhile, congratulating the Chinese government, people and armed forces on the 98th founding anniversary of People's Liberation Army (PLA), the chief minister said, "Role of Chinese armed forces for national and global peace is commendable. We salute our 'iron brother'." She added,"Pak-China relations are not limited to state or defence interests, but are also ties of hearts." She highlighted,"Pak-China defence cooperation is a bright symbol of everlasting friendship." The chief minister said, "Professionalism, modern military strategy and spirit of national service of People's Liberation Army are exemplary." She added,"Mutual trust, joint training and defence cooperation between Pakistani and Chinese armed forces have become stronger over time."


Business Recorder
7 hours ago
- Business Recorder
BYD's July production falls for first time in 17 months as expansion spree slows
BEIJING: BYD's vehicle production fell 0.9% in July from a year earlier, ending a 16-month growth streak that has catapulted the Chinese automaker into the world's largest electric vehicle maker. BYD made 317,892 electric vehicles and plug-in hybrids (PHEVs) globally last month, while sales edged up 0.6% to 344,296 vehicles, slowing sharply from a 12% increase in June, according to a monthly filing with the Hong Kong Stock Exchange. Its EV sales and production still grew in July versus last year, but PHEV sales dropped 22.6% and production shrank 24.6%. The company last saw shrinking production in February 2024, in line with an industry-wide fall due to the timing of China's Lunar New Year holiday, which fell in February versus January in the prior year. Sales contracted in February 2024 as well. BYD, which is the biggest Chinese rival to Tesla, saw both production and sales hit record highs in the fourth quarter of 2024 before trending down this year. With electric car sales accounting for 41% of its more than 4 million vehicle sales last year, BYD has overtaken the U.S. EV specialist as the world's top EV seller. BYD, engaged in a bruising price war in the world's largest auto market, has slowed its production pace in recent months by reducing shifts at some factories in China and delayed plans to add new production lines, Reuters reported in June.


Business Recorder
8 hours ago
- Business Recorder
Wheat down 3-5 cents, corn steady-down 1, soybeans mixed
CHICAGO: The following are U.S. expectations for the resumption of grain and soy complex trading on Friday. Wheat - Down 3 to 5 cents per bushel Wheat futures fell, pressured by ongoing winter harvests in the United States and across the globe. In Argentina, a major wheat exporter, recent rainfall improved soil moisture reserves for the country's 2025/26 wheat crop, with nearly all of the planted area in normal to optimal condition, the Buenos Aires Grains Exchange said on Thursday. Grain consultancy Sovecon said on Friday that it has downgraded its forecast for Russia's wheat crop in 2025 to 83.3 million metric tons (mmt) from the previous estimate of 83.6 mmt, due to weaker-than-expected yields in the key southern region. CBOT September soft red winter wheat was last down 4-1/2 cents at $5.18-3/4 per bushel. K.C. September hard red winter wheat was last down 3-3/4 cents at $5.22-1/2 per bushel. Minneapolis September wheat was last down 2-1/4 cents at $5.75-1/2 a bushel. Wheat down 1-3 cents, corn down 1-2, soybeans down 1-2 Corn - Steady to down 1 cent per bushel Corn futures were slightly lower, weighed on by favorable weather in the U.S. Midwest corn belt, but lower prices brought some buying interest. The U.S. Department of Agriculture confirmed private sales of 100,000 metric tons of U.S. corn to Colombia, 140,000 tons to South Korea, and 136,000 tons to undisclosed destinations. Milder temperatures and periodic showers into early August are expected to benefit Midwest corn, according to Commodity Weather Group. CBOT December corn fell 1/4 cent at $4.13-1/2 per bushel. Soybeans - Up 1 to down 2 cents per bushel Soybean futures were mixed as abundant global supplies and favorable Midwest weather added pressure, but the U.S. signaled optimism about a trade deal with China. China, the world's biggest soy buyer, faces an August 12 deadline to reach a durable tariff agreement with U.S. President Donald Trump's administration. The United States believes it has the makings of a trade deal, but it is 'not 100% done,' Treasury Secretary Scott Bessent said on Thursday. Cooler temperatures and occasional showers in the U.S. Midwest are expected to favor the nation's soy crop through early August, according to Commodity Weather Group. A Chinese buyer has signed a deal this week to import 30,000 metric tons of Argentine soymeal, as feed producers move to lock in cheaper supplies from South America, two trade sources told Reuters on Friday. CBOT November soybeans were last down 1-1/2 cents at $9.87-3/4 per bushel.