The Global News Desk 115

Political experts say • The MoUs reflect a strategic maneuver towards greater economic collaboration. • This initiative is significant for bolstering the economic connection between the two countries. Khalil Hashmi, Pakistan's Ambassador to China, informed Finance Minister Muhammad Aurangzeb on Wednesday that over $20 billion in memorandums of understanding (MoUs) have been signed between Pakistani and Chinese companies and institutions, with many investment commitments moving closer to formal agreements and commercial realization. After a meeting with the finance minister, the ambassador discussed the investment promotion efforts of Pakistan's Embassy in Beijing.  He explained that a distinctive tracking mechanism has been designed to check the status of investment commitments and ensure optimal coordination among stakeholders. Manufacturing, logistics, pharmaceuticals, biotechnology, textiles, and industrial services are among the many areas where Chinese investors are ...

 A state-run news agency reports that a devastating fire at a shoe factory in Jinjiang, China, has claimed at least 28 workers' lives. Broadcasts and posts on social media featured videos and photos showing huge black smoke rising from a building, as well as people who appeared to be trapped on the rooftop. The Huiteng Footwear facility caught fire on Thursday afternoon around 5:00 BST. The state channel CCTV confirmed that more than 200 people have been evacuated. However, it is not known how many people have been affected by injuries. President Xi Jinping said that the fire resulted in "significant casualties," and that those guilty must be held "strictly accountable." He also expressed profound grief over the loss of precious lives.  

According to CCTV, the devastating earthquake that struck China's remote Tibet region at approximately 9:00 AM on Tuesday has claimed the lives of at least 126 people. The Xigaze city or Shigatse city government said that more than 29,000 families have been moved and 407 people stuck have been rescued after an initial assessment revealed that more than 3,600 houses had collapsed. The earthquake's 6.8-magnitude tremors affected adjacent countries, India and Nepal.  China's state network CCTV displayed images and photographs of the enormous destruction caused by the quake, including walls being ripped apart, houses being reduced to rubble, and debris being spread all over the ruins.