
Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar chaired a meeting on the establishment of Pakistan Sovereign Wealth Fund, at Finance Division


PSX loses 198 points
ISLAMABAD, Jul 14 (APP): The 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Friday, losing 198.98 points, a negative change of 0.44 percent, closing at 45,067.98 points against 45,266.96 points the previous trading day.
A total of 267,514,280 shares were traded during the day as compared to 489,176,319 shares the previous day, whereas the price of shares stood at Rs 6.783 billion against Rs 14.543 billion on the last trading day.
As many as 323 companies transacted their shares in the stock market; 98 of them recorded gains and 196 sustained losses, whereas the share price of 29 companies remained unchanged.
The three top-trading companies were Telecard Limited with 31,107,092 shares at Rs 8.28 per share; WorldCall Telecom with 20,052,363 shares at Rs.1.29 per share and K-Electric Ltd with 19,448,511 shares at Rs.2.00 per share.
Colgate Palm witnessed a maximum increase of Rs 100.29 per share price, closing at Rs 1,437.52, whereas the runner-up was Pak Tobacco with an Rs 30.00 rise in its per share price to Rs 725.00.
Unilever Foods witnessed a maximum decrease of Rs 901.00 per share closing at Rs 22,000.00; followed by Premium Textile with Rs 33.98 decline to close at Rs 475.01.
Speakers highlight ancient Silk Road legacy at cultural forum
ISLAMABAD, Jul 14 (APP): The speakers at a cultural forum here on Friday highlighted the legacy of ancient Silk Road that served as a lifeline for civilizations, transcending geographical boundaries and fostering interactions between diverse cultures.
They expressed their views at the Silk Road Cultural Forum, titled ”Exhibition of CPEC achievements over the decade,” organized by Pakistan-China Institute in collaboration with China Study Center of COMSATS University, a news release said.
Three documentaries were screened on Chinese culture, Chinese and Pakistani cultural dances and Gilgit-Baltistan Talwar Dance at the forum, where Chinese Tea Stall, Food stalls were set up, besides Language Learning & Cultural Exhibition, Art Exhibition, display of progress & pictures of China Pakistan Economic Corridor (CPEC) projects contributing to Pakistan’s economy and improving the quality of life of local communities.
In his welcome remarks, Director China Study Centre COMSATS University Dr Tahir Mumtaz Awan spoke about the significance of the forum and how it would pave the way for enhancing cultural exchanges.
He emphasized that the Silk Road forum stood as a testament to the enduring legacy of the ancient Silk Road, which served as a lifeline for civilizations, transcending geographical boundaries and fostering interactions between diverse cultures.
Highlighting the historical background, he stressed that the revival and revitalization of the Silk Road through the modern Belt and Road Initiative (BRI) held the promise of unlocking boundless opportunities for mutual understanding, collaboration, and the preservation of shared heritage.
In her keynote speech, Foreign Officer spokesperson Mumtaz Zahra Baloch praised the Chinese and Pakistani students for their captivating cultural performances on stage, emphasizing the significance of the Silk Road’s history.
Spanning from 138 B.C. to the present, she highlighted these enduring networks that facilitated trade, cultural exchange, and collaboration among communities.
Beyond the exchange of goods, she noted that the Silk Roads also enabled the transmission of ideas and beliefs, exemplified by the diffusion of Buddhism from the Kushan kingdom to China.
She pointed out that the Buddhist monks, accompanied by merchant caravans, embarked on transformative journeys from India to Central Asia and China, spreading the teachings of this new religion.
Notably, she mentioned that cities along the Silk Road bore witness to the presence of Buddhist monuments, underscoring the profound impact of this historic trade route on both the material and spiritual realms.
Former ambassador Masood Khalid discussed the captivating Gandhara civilization and the historic Silk Road, emphasizing their significance to Pakistan.
He highlighted the remarkable cultural exchanges that flourished between Pakistan and China over the past 70 years, particularly after the inception of the CPEC.
Director of CPEC CCC (Cultural Communication Center) of Jiangsu Province Li Wenyu emphasized the vital role of a creative marketing strategy in projecting Pakistan’s rich and diverse culture globally.
By harnessing the power of storytelling, visual aesthetics, and immersive experiences, the director said Pakistan could captivate international audiences and foster a deeper understanding of its traditions and customs.
“Integrating modern technology and digital platforms, collaborating with local and international stakeholders, and investing in innovative approaches are a key to amplifying the reach and impact of Pakistan’s cultural promotion efforts. Through this comprehensive endeavour, Pakistan can position itself as a must-visit destination, bridge cultural gaps, and contribute to the global tapestry of diversity,” Li Wenyu remarked.
Chair Economic Security at Islamabad Policy Research Institute (IPRI) Dr Aneel Salman emphasized the vital role of culture in economic modernization at the Silk Road Forum.
He highlighted the influence of cultural dynamics on economic progress and the need to leverage cultural heritage for innovation and sustainable development.
Drawing from the historical significance of the Silk Road, he showcased how cultural exchange drove economic growth throughout history.
Dr Salman advocated for nurturing a vibrant cultural ecosystem and implementing inclusive policies for accessibility and equitable distribution of benefits.
Chairperson Heroboss Technologies Wang Chun Ping termed strengthening cultural exchanges between Pakistan and China as a ‘crucial element’ of the Belt and Road Initiative (BRI).
Recognizing the potential for mutual understanding and cooperation that cultural interactions bring, Wang stressed the significance of cultivating strong cultural ties alongside the economic aspects of the BRI.
In her closing remark, Director Chinese Media Group Noreen thanked the forum participants for their valuable contributions and unwavering commitment to fostering cooperation between Pakistan and China.
She called for deepening cultural exchanges, emphasizing the power of cultural diplomacy to bridge gaps and enhance mutual understanding.
The forum, attended by over 100 participants, highlighted the remarkable transformations that have been ushered in by the comprehensive revitalization endeavors spearheaded by the Belt and Road Initiative.
Senator Walid Iqbal, Chairman Senate Standing Committee on Human Rights presenting souvenir made by prisoners of Central Jail Adiala, Rawalpindi to Chairman Senate, Muhammad Sadiq Sanjrani at Parliament House


Female customers selecting and purchasing old clothes displayed by the roadside vendor to attract the customers


A vendor selling country hens to the customer near Dolat Gate Chowk


Vehicles are passing through the water during heavy rain in the city












