Putin touts ‘stabilizing’ force of China-Russia ties as Xi hails ‘lasting friendship’ at security summit Hong Kong CNN — Leaders of Russia, Vladimir Putin, and China, Xi Jinping, celebrated their nations' growing unity as they convened at a meeting of a Eurasian security alliance, which both leaders see as a countermeasure to the influence of the West. In his remarks before a one-on-one discussion with Xi at the Shanghai Cooperation Organization (SCO)’s yearly summit in Kazakhstan, Putin highlighted the "optimum period" in the history of Russia-China relations, describing them as a "force for stability" on the global stage. "The collaboration between Russia and China in international affairs is a crucial stabilizing element on the world scene, and we are committed to further developing it," Putin stated. The Russian head of state also emphasized the significant contributions of Moscow and Beijing to the establishment of the SCO in 2001, as ...
Electricity tariff in Pakistan reaches Rs35 per unit after fresh hike KARACHI – The authorities of Pakistan have authorized an additional rise in the basic electricity price, increasing it by Rs5.72 per unit to reach a total of Rs34.50 per unit. The Federal Cabinet has sanctioned a significant hike in the fundamental electricity rate as part of fulfilling the demands of the International Monetary Fund (IMF). This decision elevates the price from Rs29.78 per unit to Rs35.50 per unit. The National Electric Power Regulatory Authority (NEPRA) had previously sought permission to incrementally increase the average electricity rate to meet the strict demands of a worldwide creditor. This increment is scheduled to become applicable from July 1st of this current fiscal year. The International Monetary Fund (IMF) has shown approval for Pakistan's efforts in economic development. Through online meetings, Pakistan has shared its progress with the IMF regarding achieving the stipulated co...
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