Pakistan, Saudi Arabia and local partners have signed a memorandum of understanding (MoU) to explore the development of a maritime business district on prime Karachi Port Trust’s (KPT) waterfront land, the maritime affairs ministry said on Saturday. In a statement, Maritime Affairs Minister Junaid Anwar Chaudhry said the MoU was signed between KPT, Saudi Business Council–Najd Gateway Holding Company, Arif Habib Dolmen REIT Management Limited (AHDRML), and the Pakistan Corporate Consortium. The proposed project would be built on a 140‑acre KPT site on Karachi’s MT Khan Road and is intended to transform the area into a major commercial and maritime hub, the minister said. The development is envisaged to include modern commercial infrastructure aimed at attracting investment, generating employment, and supporting urban development, he added. “This strategic collaboration is a transformative opportunity to unlock the full potential of KPT’s waterfront assets and position Pakistan as a ...
North Korea plans to build a 10,000-ton destroyer and develop secret underwater weapons, state media said on Saturday, ahead of a visit by Chinese President Xi Jinping. The Rodong Sinmun newspaper, reporting on a Thursday naval test supervised by leader Kim Jong Un, said he ordered the navy to deploy the destroyer Kang Kon and another 5,000-ton warship, the Choe Hyon, as soon as possible. The newspaper did not give further details. It is the first time North Korea has mentioned a plan to build a 10,000-ton destroyer, said Hong Min, a senior analyst at South Korea’s Institute for National Unification. Kim may be seeking to showcase the country’s military capabilities ahead of Xi’s visit on Monday and Tuesday, Hong said. The North Korean leader said Pyongyang must enhance its naval capabilities to deter a nuclear war, while calling for powerful military capabilities across land, sea and air, the newspaper said. Xi is making his first visit to North Korea in nearly seven years as...