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China resumes group tours to Pakistan

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Lifting pandemic-era restrictions, Beijing resumed outbound group tours for its citizens to around 80 countries including Pakistan, announced China’s Ministry of Culture and Tourism on Friday.

The move to expand the number of destinations comes as China’s overseas tourism industry has been on a firm trajectory of quick recovery during the past month, China Economic Net (CEN) reported.

It was the third batch of destinations in China’s pilot program for outbound group tours.

The return of more Chinese travellers is also expected to provide a much-needed boost to the global tourism industry and channel optimism into the global economy, observers pointed out.

“The outbound tourism sector is a market-driven one, and many service products need to be prepared in advance,” suggested Jiang Yiyi, a professor of leisure sports and tourism at the Beijing Sport University.

To enhance Pak-China cooperation in the tourism sector, the Pakistani Embassy in China launched a website called Discover Batie, which contains information about the main tourist attractions in Pakistan and links to the official websites of major museums, malls and hotels.

Gandhara Art Exhibition 

Earlier, a Gandhara Art Exhibition was held at Palace Museum in Beijing, which showcases 173 artefacts come from Pakistan. “It’s a step to tell the Chinese brothers and sisters what Pakistan can offer.” Sardar Muhammad, Consul General of Pakistan in Guangzhou, commented.

“Pakistan is the topographic heaven for tourists. There are snow-covered mountains, lakes, pine trees and waterfalls, which are especially attractive to those who are keen on adventurous tourism. Tour guide training in Pakistan has started to promote tourist visits from friendly countries.” Sardar Muhammad noted Pakistan’s current efforts in promoting travel facilitation.

 Pakistan Tourism Development Corporation (PTDC) Managing Director Rana Aftab said, “The Task Force on Tourism had already been formed to achieve milestones in the tourism sector. We need to ensure a better and more secure environment and ease of travelling for international tourists. We can promote group tourism through registered and licensed tour operators globally, ensuring an amicable environment for international tourists.” 

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Business

In interbank trade, the Pakistani rupee beats the US dollar.

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7 days ago

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In the international exchange market, the US dollar has continued to weaken in relation to the Pakistani rupee.

The dollar fell to Rs278.10 from Rs278.17 at the beginning of interbank trading, according to currency dealers, a seven paisa loss.

In the meantime, there was a lot of turbulence in the stock market, but it recovered and moved into the positive zone. The KSE-100 index recovered momentum and reached 116,000 points after soaring 1,300 points.

Both currency and stock market swings, according to analysts, are a reflection of ongoing market adjustments and economic uncertainty.

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Phase II of CPEC: China-Pakistan Partnership Enters a New Era

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The cornerstone of economic cooperation between the two brothers and all-weather friends is still the China-Pakistan Economic Corridor, the initiative’s flagship project.

In contrast to reports of a slowdown, recent events indicate a renewed vigour and strategic emphasis on pushing the second phase of CPEC, known as CPEC Phase-2, according to the Ministry of Planning, Development, and Special Initiatives.

According to the statement, this crucial stage seeks to reshape the foundation of bilateral ties via increased cooperation, cutting-edge technology transfer, and revolutionary socioeconomic initiatives.

Planning Minister Ahsan Iqbal is leading Pakistan’s participation in a number of high-profile gatherings in China, such as the 3rd Forum on China-Indian Ocean Region Development Cooperation in Kunming and the High-Level Seminar on CPEC-2 in Beijing.

His involvement demonstrates Pakistan’s commitment to reviving CPEC, resolving outstanding concerns, and developing a strong phase-2 roadmap that considers both countries’ long-term prosperity.

At the core of these interactions is China’s steadfast determination to turn CPEC into a strategic alliance that promotes development, progress, and connectivity.

Instead of being marginalised, CPEC is developing into a multifaceted framework with five main thematic corridors: the Opening-Up/Regional Connectivity Corridor, the Innovation Corridor, the Green Corridor, the Growth Corridor, and the Livelihood-Enhancing Corridor.

With the help of projects like these, the two countries will fortify their partnership, and CPEC phase-2 will become a model of global economic integration and collaboration that benefits not just China and Pakistan but the entire region.

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The inflation rate in Pakistan dropped to its lowest level.

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On December 2, core inflation as determined by the Consumer Price Index (CPI) significantly slowed, falling to 4.9% in November 2024 from 7.2 percent in October 2024.

The CPI-based inflation rate for the same month last year (November 2023) was 29.2%, according to PBS data.

Compared to a 1.2% gain in the prior month, it increased by 0.5% month over month in November 2024.

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