
ISLAMABAD: April 25 –

ISLAMABAD, Apr 25 (APP): Pakistani Rupee on Thursday depreciated by 09 paisa against the US dollar in the interbank trading and closed at Rs 278.48 against the previous day’s closing of Rs278.39.
However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 277.7 and Rs 280 respectively.
The price of the Euro decreased by Rs1.10 to close at Rs 298.67 against the last-day closing of Rs 297.57, according to the State Bank of Pakistan (SBP).
The Japanese Yen came down by 01 paisa to close at Rs1.78, whereas an increase of Rs2.40 was witnessed in the exchange rate of the British Pound, which was traded at Rs348.41 compared to the last closing of Rs346.01.
The Emirates Dirham and the Saudi Riyal increased by 03 and 02 paisa to close at Rs75.82 and Rs74.24 respectively.
BEIJING, Apr 25 (APP): The terrorist attacks that killed Chinese nationals clearly showed that there are hostile forces seeking to disrupt the collaboration between China and Pakistan, former foreign minister Khurshid Mahmud Kasuri warned, emphasizing that only by promoting greater coordination in counter-terrorism efforts between the two countries can such forces be restrained from succeeding in the future.
Kasuri made these remarks in Beijing while leading a delegation from the Understanding China Forum, a Pakistan-based think tank, on a visit to China.
“The terrorist attack killing Chinese obviously means that there are forces who do not wish Pakistan and China to work together,” Kasuri said in response to a question raised by Global Times reporter during a press conference.
His remarks followed a suicide bombing in late March that claimed the lives of five Chinese engineers and a local driver working on the Dasu hydropower project in Pakistan. Some Chinese experts believed that this incident was a copy of the July 2021 Dasu terror attack, in which nine Chinese nationals and four Pakistani people were killed.
Kasuri noted that the security situation in Pakistan has deteriorated in recent years, and unfortunately, there are third countries that find it very useful to use those (anti state) elements within Pakistan to disrupt the bilateral relation between Pakistan and China. “They are hostile to Pakistan, to China, and are not happy with China-Pakistan cooperation,” Kasuri said.
“Therefore, it’s logical that Pakistan and China should pull their resources to defeat such forces, and that can happen by greater intelligence cooperation, as well as by all other means that are required, which is in line with the interests of Pakistan and China, and our bilateral relations,” the former foreign minister said.
In response to the latest terrorist attack, Chinese Foreign Ministry spokesperson Lin Jian said during a regular press conference on March 27 that China and Pakistan have the resolve and capability to make the terrorists pay the price. “No attempt to sabotage China-Pakistan cooperation will ever succeed,” Lin said.
Kasuri expressed his appreciation for the remarks made by the Chinese Foreign Ministry, adding that it also underlines the fact that Pakistan and China should not allow such hostile forces to succeed in future, and that can only happen with much greater coordination between the two countries.
“If we were to improve our coordination, then we’ll be able to take care. Otherwise, these forces will not give up,” Kasuri told the Global Times, noting that the issue of counter-terrorism cooperation will be among the prominent topics in future high-level exchanges between the two countries.
During the Pakistani delegation’s visit to China, which was hosted by the China Institute for Innovation and Development Strategy, the members also met with Director-General of the Department of Asian Affairs of the Foreign Ministry Liu Jinsong. Pakistan reiterated its traditional support for China on international issues during the meeting, particularly on the issues of South China Sea, as well as on the one-China principle, Kasuri told the press conference.
Liu noted that the Chinese side has always valued the traditional friendship between China and Pakistan, and is committed to promoting the building of a closer China-Pakistan community with a shared future in the new era, according to a statement released by the Department of Asian Affairs on its official WeChat account on Wednesday. China is willing to work together with Pakistan to coordinate development and security efforts, Liu said.
The Pakistani delegation and the Chinese side also reached consensus on further trade, agriculture, water resources protection cooperation, as well as people-to-people exchanges during the visit.
BEIJING, Apr 25 (APP): “We have received more than 70,000 orders for our EV, SU7 sedan, as of April 20, close to Xiaomi’s original full-year target for deliveries this year,” CEO Lei Jun told at the ongoing 2024 Beijing International Automotive Exhibition, also referred to as Auto China 2024.
“More precisely, 28 days after the launching, this specific number reached 75,723 units, of which 5,781 units have been delivered.
The company now aims to deliver 100,000 of its new EV this year, Lei announced. In 2021, Xiaomi announced that it would invest USD 10 billion over the next decade into a subsidiary focused on smart EVs.
As a global mobile phone behemoth, Xiaomi’s big auto ambitions come at a time of intense competition in the industry in China, the world’s largest EV market. There are currently more than 200 major manufacturers producing pure EVs and plug-in hybrids.
Xiaomi has invested heavily in its electric car venture as Lei has long-term ambitions to become one of the top five automakers in the world. However, for the next three years, the company plans to fully focus on the domestic market.
“In 2024, our intelligent driving team will expand from the current 1,000 people to 1,500 people, and further expand to 2,000 people in 2025, as well as the investment in the field of intelligent driving will be expand step by step.” Lei added.
In the long term, our EVs definitely have plans to expand overseas, which is undeniable. What could be revealed is that all new models will be launched in major overseas markets for Xiaomi mobile phones and other products,” a Xiaomi staff told the China Economic Net during an interview.
The combined share of EVs and hybrids in China’s auto sales is likely to reach 42% to 45% this year, up from 36% in 2023, according to Fitch Ratings. “Despite near-term challenges in some markets, based on today’s policy settings, almost 1 in 3 cars on the roads in China by 2030 is set to be electric, and almost 1 in 5 in both United States and European Union,” according to the annual Global EV Outlook published by International Energy Agency (IEA).
In China, more than 60% of electric cars sold in 2023 were already less expensive to buy than their conventional equivalents. In the meantime, growing electric car exports from Chinese automakers has accounted for more than half of all electric car sales in 2023.
“By now, although the competition in the domestic EV market is becoming white-hot, the so-called overcapacity of electric vehicles in China is a fiction. This is an emerging industry that is rising day by day, and the market demand for EVs is huge. By 2030, there will be 45 million electric vehicles on the road worldwide, and currently there are only 10 million, which is still far away,” Hungarian Foreign Minister Péter Szijjártó pointed out in an interview not long ago. In addition to Xiaomi, other technology behemoths such as Huawei are also planning EV layouts, hoping to occupy a place in the current and future global market. The horn for a real game may have just been sounded.
THE HAGUE, Apr 25 (APP): Ambassador of Pakistan to The Netherlands, Saljuk Mustansar Tarar on Thursday visited TomatoWorld- a hub of knowledge, innovation and technology for efficiency and sustainability.
During his visit, the ambassador explored potential benefits for Pakistan from Dutch innovation in horticulture.
TomatoWorld is an innovative and interactive tomato experience park located in Honselersdijk, Netherlands.
It’s a popular tourist destination that showcases the Dutch tomato industry’s expertise and innovation. Visitors can explore the park’s various attractions, including a tomato greenhouse, a demonstration garden, and interactive exhibits.
TomatoWorld also hosts events, workshops, and conferences related to horticulture, sustainability, and food production.