In an opinion shared with The Financial Daily, Muzaffar argues that while conflicts in the Middle East are often viewed through the lenses of ideology, regional security, energy resources, military competition and technological advancement, these represent only the visible dimensions of a much deeper global contest.

According to him, the underlying struggle is centred on the future of the international financial system and the competing frameworks governing cross-border payments, reserve currencies and financial influence.

Currency Systems at the Centre
Muzaffar contends that the conflict is fundamentally linked to what he describes as the “weaponisation of financial plumbing,” with the US dollar and the SWIFT international payments network occupying the central position.

He argues that recent geopolitical developments have reinforced the dominance of the US dollar within the SWIFT ecosystem, enabling it to recover market share from other major currencies, including the euro and the British pound.

At the same time, he believes these developments have complicated efforts by BRICS nations to establish alternative payment arrangements. He notes that differing official positions adopted by BRICS members have exposed divisions within the grouping, particularly regarding proposals aimed at reducing reliance on the dollar.

China’s Strategic Position
Discussing China’s financial strategy, Muzaffar says that although the Cross-Border Interbank Payment System (CIPS) exists as China’s international payments infrastructure, it continues to maintain operational links with SWIFT.

According to him, Beijing has increasingly promoted settlement in the Chinese Renminbi (RMB), particularly in energy trade, while simultaneously expanding bilateral arrangements with key regional partners. He argues that these developments have strengthened the international role of the RMB alongside the continued global dominance of the US dollar.

He also maintains that China’s electric vehicle industry has continued to strengthen despite growing trade restrictions imposed by Western economies.

Europe and the Financial Architecture
Muzaffar further argues that differences between the United States and Europe over financial governance have become increasingly significant.

He points out that SWIFT operates as a cooperative financial messaging system under Belgian oversight and is supervised by G10 central banks. According to his assessment, CIPS was originally connected to SWIFT to facilitate European trade with China while operating under a different regulatory framework from that of the US Federal Reserve.

He believes this structure has created an increasingly complex environment in which multiple financial systems now coexist, each reflecting broader geopolitical interests.

The Next Phase: Digital Currency Competition
Looking ahead, Muzaffar identifies the competition between Project Agora and the Multi-Central Bank Digital Currency (mCBDC) initiative as the next major battleground in global finance.

He describes Project Agora as an initiative involving G7 central banks, while noting that the mCBDC framework includes participation from countries such as Saudi Arabia, the United Arab Emirates, Hong Kong and Thailand, alongside a growing number of observer states.

In his view, the contest between these competing digital payment architectures will play a defining role in shaping the future international monetary system.

Economic Competition Beyond Trade
Muzaffar also links recent tariff measures, technology export restrictions, semiconductor controls and limitations imposed on several leading Chinese technology companies to what he considers a broader strategic competition.

He argues that China has responded by accelerating domestic production capabilities and strengthening indigenous technological development across multiple sectors, including semiconductors, electric vehicles and advanced manufacturing.

A Fragmenting Global Order
Drawing on academic and strategic literature, including concepts such as “bifurcated globalisation” and “wedge diplomacy,” Muzaffar believes the world is entering an era of increasingly divided economic and geopolitical systems.
He suggests that governments and businesses should prepare for a prolonged period of structural change, where competing financial, technological and geopolitical blocs may increasingly operate in parallel rather than within a single integrated global order.
Despite these challenges, Muzaffar concludes on a cautiously optimistic note, emphasising that policymakers, businesses and investors must approach the evolving international landscape with both pragmatism and resilience.
“The global order is undergoing a profound transformation. In this period of structured disruption, optimism and strategic thinking will be essential to navigating the new realities of the world economy.” Asad Muzaffar tells The Financial Daily.

Report by : Muhammad Umar Waqqas

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In an era where the global media industry is undergoing rapid transformation under the pressures of digital disruption, artificial intelligence, declining print revenues and the race for instant news, sustaining a credible and research-driven newspaper for nearly two decades is no ordinary achievement. Yet The Financial Daily has not only survived these challenges but has continued to strengthen its position as one of Pakistan’s leading analytical English-language business newspapers.

As The Financial Daily proudly steps into its 20th year of publication, the occasion represents far more than an anniversary. It is a celebration of resilience, vision, professionalism and the enduring value of independent journalism dedicated to economic awareness, investor education and national development.
At a time when much of the media landscape is driven by speed, sensationalism and short-lived headlines, The Financial Daily has remained committed to depth, accuracy and informed analysis. Its journey reflects the strength of an institution that chose substance over noise, research over rhetoric and public interest over passing trends.

A Newspaper Built on a Clear Mission
Since its inception, The Financial Daily has remained committed to a singular mission: to provide factual, analytical and meaningful journalism for Pakistan’s business community, policymakers, investors, diplomats, academics and general readers seeking credible economic insights.
The newspaper was never created as just another daily publication. It was envisioned as a specialized platform where financial journalism could be practiced with seriousness, discipline and responsibility. Its purpose was to bridge the gap between complex economic developments and the readers who needed to understand their impact.
In Pakistan, where economic literacy is vital for national progress, such a platform has always been needed. Investors require reliable market information, businesses need insight into policy direction, diplomats follow economic signals and policymakers benefit from informed public debate. The Financial Daily has served all these constituencies by creating a space where finance, economy, trade, markets and national development are discussed with clarity.

The Vision behind the Institution
The story of The Financial Daily began with a visionary idea conceived by renowned businessman and media entrepreneur Amir Abbas Ashary, who recognized the absence of a specialized English-language publication dedicated to financial journalism and stock market analysis in Pakistan.

That vision materialized through the launch of Stock Review under the umbrella of Data Research and Communication (DRC), with veteran journalist Ismat Sabir serving as its founding editor. The first official issue was launched on October 6, 2006 during an event hosted by the Pakistan Business Council in the United Arab Emirates.

What began as a focused publication covering stock markets and investor education soon expanded into a broader newspaper addressing banking, trade, insurance, taxation, investment, economic policy and international business affairs. This evolution reflected both the expanding needs of readers and the changing nature of Pakistan’s economy.

From Stock Review to The Financial Daily International
Recognizing the rapidly changing economic environment and the widening scope of readership, the publication was rebranded as The Financial Daily International on August 2, 2007. This transformation marked the beginning of a new chapter and helped establish the newspaper as a respected name in Pakistan’s business journalism landscape.
The rebranding was not merely cosmetic. It represented a shift from a niche market publication to a wider analytical platform that covered national and international economic affairs. The newspaper began to address issues beyond stock market movements, including trade diplomacy, fiscal policies, banking reforms, capital markets, corporate developments, investment climate and global financial trends.
This transition allowed The Financial Daily to serve a more diverse readership while retaining its core identity as a serious business and financial newspaper.

Research-Oriented Journalism as a Defining Strength
One of the defining strengths of The Financial Daily has been its research-oriented approach. Unlike many conventional newspapers that primarily rely on routine reporting, The Financial Daily introduced Pakistan’s first independent Research House, supervised by Chartered Financial Analysts and supported by MBA-qualified analysts.
This initiative added significant value to financial journalism in Pakistan. It allowed the newspaper to provide detailed market reports, economic forecasts, technical analyses and investment insights to brokerage houses, financial institutions, multinational companies and international news agencies.
At a time when investors often struggled to access reliable market analysis, The Financial Daily’s research-driven model helped promote informed decision-making. It encouraged readers to look beyond speculation and understand markets through data, trends, fundamentals and broader economic conditions.

Contribution to Investor Education
The Financial Daily has also made a meaningful contribution to investor education. Through its reports, special publications and market analysis, the newspaper helped readers understand the complexities of the capital market and the broader economy.

Publications such as Pakistan Dawning Metaphor, which analyzed Pakistan’s capital market development between 2002 and 2007, reflected the newspaper’s commitment to serious economic documentation. Similarly, multiple editions of the KSE-100 Index Fundamental Guide strengthened its reputation as a trusted source for serious investors and market participants.

Investor education is not merely about explaining market numbers. It is about helping citizens understand risk, opportunity, regulation, transparency and the role of capital markets in national development. The Financial Daily has consistently worked to support this understanding.

Editorial Independence and Analytical Credibility
Over the years, The Financial Daily earned recognition for maintaining editorial independence and analytical credibility. In an environment where media institutions often face commercial, political and institutional pressures, sustaining editorial integrity is a major achievement.

The newspaper gradually became more than a publication. It evolved into an institution contributing to Pakistan’s national economic discourse. Dignitaries, policymakers, diplomats and business leaders acknowledged its role in promoting economic literacy, transparency and informed debate within Pakistan’s financial markets.
Its credibility has been built through consistency. Day after day, issue after issue, The Financial Daily has maintained a serious editorial tone and continued to prioritize economic substance over sensational headlines.

Beyond Reporting: Creating Platforms for Dialogue
The Financial Daily’s role has never been limited to print journalism alone. Over the years, it expanded its influence into intellectual and policy engagement through seminars, conferences, webinars and panel discussions.

These platforms brought together economists, business executives, academics, diplomats, market experts and government officials to discuss Pakistan’s economic future. Such initiatives contributed to informed debate on fiscal reforms, industrial development, foreign investment, financial inclusion, capital market growth and economic governance.

By creating spaces for dialogue, the newspaper strengthened its role as a bridge between the public sector, private sector, academia and media. This helped transform The Financial Daily into a facilitator of national economic conversation.

The TFD Excellence Awards: Recognizing Merit and Professionalism
Another important milestone in the newspaper’s journey was the launch of the prestigious TFD Excellence Awards. Initially introduced to recognize excellence within the mutual fund sector, the awards later expanded to multiple industries including food, corporate leadership and public service.

Held at prominent venues such as the Sindh Governor House and DHA Golf Club Karachi, the awards gained credibility for their transparent evaluation process conducted by independent juries.

The significance of these awards extended beyond ceremonial recognition. They encouraged healthy competition, ethical business practices and improved service standards in various sectors of Pakistan’s economy. In many ways, the awards became a symbol of The Financial Daily’s commitment to celebrating merit, professionalism and institutional excellence.

Strengthening Economic Literacy in Pakistan
Pakistan’s economic challenges require informed public understanding. Issues such as inflation, taxation, interest rates, exchange rates, debt management, foreign investment and trade policy directly affect citizens, businesses and institutions. Yet these issues are often discussed in technical language that ordinary readers may find difficult to interpret.

The Financial Daily has played an important role in making economic developments more accessible. Through its news reports, editorials, market reviews and special supplements, it has helped translate complex financial matters into meaningful information for readers.

This contribution is especially important in a developing economy where financial awareness can influence savings, investment, entrepreneurship and policy participation. A society that understands its economy is better equipped to make informed choices.

Adapting to Digital Transformation
Like every responsible media organization, The Financial Daily recognized the growing importance of digital transformation. The COVID-19 pandemic accelerated global media digitization and changed the way audiences consumed news. The newspaper responded by launching its YouTube channel on April 4, 2020.

The channel quickly developed into a dynamic multimedia platform covering not only business and economics but also tourism, sports, culture, diplomacy, public policy and health. Distinguished professionals, analysts and commentators contributed insightful programs, allowing the newspaper to connect with broader and younger digital audiences.

Beyond YouTube, The Financial Daily also strengthened its digital footprint through social media platforms and real-time news dissemination. This helped readers access financial updates, market developments and expert opinions across multiple platforms.

Digital Reach without Losing Editorial Identity
The shift toward digital platforms did not dilute the newspaper’s core identity. Instead, it expanded its reach while preserving its editorial seriousness. In the digital age, speed is important, but credibility remains more important.

The Financial Daily understood that online audiences need timely updates, but they also need context. By combining real-time news with analytical depth, the newspaper positioned itself as a publication capable of serving both traditional readers and digital consumers.

This balance is essential for the future of journalism. Media institutions must adapt to new technologies, but they must not abandon the principles that give journalism its value: accuracy, fairness, research and public responsibility.

The People behind the Journey
The success story of The Financial Daily has always been driven by teamwork. Behind every edition lies the tireless contribution of editors, reporters, analysts, designers, photographers, technical staff and operational teams who collectively uphold the newspaper’s standards.

Under the editorial leadership of Shakil Jafri and with contributions from respected professionals including Azfar Ashary, Munawar Naqvi (Late), Agha Masood Hussain, Naeem Awan, Shiraz Ahmed Siddiqui, Muhammad Airfeen, Muhammad Arif , Imran Zakir, Hasnain Jafri, Zeshan Naqvi and many others, the institution has maintained continuity and professionalism despite a rapidly changing media environment.

A newspaper is never the work of one person alone. It is built through collective commitment, discipline and shared belief in the power of journalism. The Financial Daily’s journey reflects the dedication of many individuals who contributed to its growth over the years.

Challenges Faced by Print Media
The journey has not been without obstacles. Pakistan’s print media industry has faced declining advertisement revenues, rising production costs, technological disruption, shifting reader habits and increasing pressure from digital platforms.

These challenges have affected newspapers across the world. Print publications have had to rethink their business models, strengthen digital operations and find new ways to remain relevant. In Pakistan, these difficulties are intensified by economic uncertainty and rising operational costs.

Yet The Financial Daily remained resilient. It continued to adapt while preserving its identity as a serious analytical publication. This resilience is one of the main reasons the newspaper’s entry into its 20th year is such a meaningful milestone.

Journalism in the Age of Artificial Intelligence
The rise of artificial intelligence, automation and digital analytics is reshaping global journalism. Newsrooms are increasingly using data tools, AI-assisted research systems and digital platforms to improve speed, accuracy and reader engagement.

The Financial Daily is preparing for this next phase of transformation. Its future vision includes enhanced multimedia integration, live market reporting, interactive digital platforms, data-driven journalism and AI-supported research systems designed to provide readers with deeper and faster insight into economic developments.

However, technology alone cannot replace editorial judgment. AI may assist journalism, but credibility still depends on human responsibility, ethical standards and professional oversight. The Financial Daily’s challenge and opportunity will be to combine technological innovation with its established tradition of analytical journalism.

Constructive Journalism for National Development
The Financial Daily has always recognized that journalism is not only about reporting problems. It is also about encouraging informed solutions. Constructive journalism plays an important role in national development by highlighting challenges, identifying opportunities and creating space for reasoned debate.

Pakistan needs such journalism more than ever. The country faces complex economic pressures, including fiscal constraints, energy challenges, industrial competitiveness, export development, foreign investment needs and social inequality. Media institutions can contribute by explaining these issues responsibly and encouraging policy-focused discussion.

The Financial Daily’s role in this regard is significant. By maintaining its focus on business, economy and policy, it supports a more informed national conversation.

Connecting Pakistan with the Global Economy
As Pakistan navigates regional and global economic shifts, the role of specialized financial journalism becomes even more important. Global markets, oil prices, currency movements, geopolitical tensions, trade agreements and investment flows all have direct consequences for Pakistan’s economy.

The Financial Daily has consistently helped connect domestic readers with international developments. Its coverage of diplomacy, trade, global business, international markets and foreign investment has enabled readers to understand Pakistan’s place in the wider economic landscape.
This global outlook is essential for a country seeking greater economic integration, stronger exports and improved investment confidence.

A Legacy of Substance over Sensationalism
The newspaper’s journey over the past two decades reflects the determination of a publication that chose substance over sensationalism and research over rhetoric. In a media environment often dominated by breaking news alerts and emotional narratives, The Financial Daily has stayed committed to seriousness and credibility.
This does not mean the newspaper has remained static. On the contrary, it has evolved from a market-focused publication into a broader economic newspaper, from print to digital, from reporting to research and from journalism to policy engagement.

Its legacy lies in this ability to grow without losing its identity.

Entering the 20th Year with Renewed Purpose
The Financial Daily’s entry into its 20th year is not merely a celebration of longevity. It is a reaffirmation of the belief that responsible journalism can still influence public discourse, strengthen economic understanding and contribute positively to national development.

The occasion is also an opportunity to look ahead. The road forward will bring new challenges, including technological disruption, audience fragmentation, revenue pressure and the growing threat of misinformation. But it will also bring new opportunities for innovation, wider reach and stronger public impact.
With its foundation of analytical journalism, The Financial Daily is well placed to enter this new era with confidence.

A New Era Driven by Credibility
As The Financial Daily steps into its 20th year, it carries with it a legacy built on vision, research, professionalism and public service. From its beginnings as Stock Review to its evolution as The Financial Daily International, the newspaper has remained committed to providing meaningful journalism for Pakistan’s business and policy communities.

Its contribution to investor education, economic literacy, market analysis, digital engagement and national dialogue has made it more than a newspaper. It has become a respected institution in Pakistan’s media and business landscape.

In a world increasingly shaped by digital speed, artificial intelligence and information overload, credible journalism has become more valuable than ever. The Financial Daily now steps confidently into a new era – one shaped by technology, guided by credibility and inspired by the enduring spirit of independent journalism.

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The landscape of financial journalism is undergoing a profound transformation. As digital technology continues to redefine how news is consumed, financial newspapers worldwide are adapting to this shift. Traditional print media, once the primary source of financial information, is now competing with the rapid accessibility of digital platforms. The Financial Daily, a leading publication in financial reporting, is poised to embrace this change, ensuring that its audience continues to receive high-quality, real-time financial news in an increasingly digital world.
The Digital Transformation in Financial Journalism
Over the past two decades, the rise of digital platforms has disrupted traditional print media. The shift in reader preferences, driven by the demand for instant access to news, has prompted financial newspapers to rethink their strategies. With the rapid evolution of financial markets and economic conditions, readers now prefer online platforms, mobile applications, and social media channels over conventional print editions.
This shift has led to several key trends in financial journalism:
1. Real-time Reporting:
Investors, businesses, and policymakers require immediate updates on market movements and economic indicators. Digital platforms allow financial publications to provide live coverage, instant analysis, and breaking news alerts. The days of waiting for the next day’s newspaper for stock market results are over; financial news must be available at the click of a button.
2. Data-Driven Insights:
Modern financial journalism is no longer limited to textual reports. Interactive charts, data visualization, and AI-driven analytics enhance financial reporting, offering deeper insights to readers. These tools provide users with real-time stock tracking, predictive market trends, and in-depth sectoral analysis, helping them make informed investment decisions.
3. Personalization:
One-size-fits-all journalism is fading. Digital media enables customized news feeds based on readers’ interests, ensuring a more engaging and relevant user experience. Whether someone is interested in stock market trends, cryptocurrency, corporate earnings, or economic policies, AI-driven recommendation engines help deliver personalized content to the right audience.
4. Multimedia Integration:
Financial journalism is no longer confined to lengthy articles. Video reports, podcasts, and infographics have become integral to news delivery. Many financial publications now offer exclusive interviews with industry experts, panel discussions, and explainer videos to simplify complex economic concepts. The inclusion of multimedia content enhances user engagement and broadens the accessibility of financial information.
5. Subscription-Based Models:
As advertising revenue shifts online, many financial publications have introduced paywalls and premium content subscriptions. While free content remains available, premium financial insights, exclusive reports, and expert analysis are now behind paywalls. This shift ensures sustainability for media organizations and delivers high-value content to serious investors and professionals.
The Financial Daily’s Strategic Evolution
Recognizing these trends, The Financial Daily is undertaking a comprehensive digital transformation strategy aimed at maintaining its status as a trusted source of financial news. To stay ahead in the digital era, the publication is focusing on the following strategic areas:
1. Expanding Digital Presence:
The Financial Daily is investing in an enhanced website, mobile applications, and digital subscriptions to cater to a tech-savvy audience. The goal is to provide seamless access to financial news anytime, anywhere. By integrating AI-driven recommendation systems, the publication aims to deliver personalized news feeds tailored to individual reader preferences.
2. Leveraging Social Media:
With an increasing number of readers accessing news through social platforms, The Financial Daily is prioritizing real-time updates on Twitter, LinkedIn, and Facebook. Social media is no longer just a distribution tool; it is a primary news source for many readers. By actively engaging audiences with interactive posts, market updates, and expert opinions, the publication aims to strengthen its digital footprint.
3. Enhancing Data Journalism:
Data-driven storytelling is the future of financial journalism. The Financial Daily is incorporating advanced analytics, AI-powered tools, and interactive data visualizations to provide readers with in-depth market analysis. By integrating financial modeling tools and real-time stock market dashboards, the publication aims to offer a richer news experience for traders, investors, and analysts.
4. Diversifying Content Formats:
To cater to a broader audience, The Financial Daily is introducing video reports, expert podcasts, and live webinars. Video content is especially effective in breaking down complex financial concepts, while podcasts provide an in-depth analysis for professionals who prefer audio content. Webinars and live Q&A sessions with financial experts will further enhance reader engagement and trust.
5. Strengthening Reader Engagement:
A focus on reader engagement through interactive features, comment sections, and personalized newsletters will foster a loyal digital audience. Direct interaction with financial analysts, exclusive discussions, and expert opinions will add value to readers who seek deeper financial insights beyond standard news coverage.
Challenges and Opportunities
While the shift from print to digital presents challenges, including revenue diversification, technological adaptation, and competition from alternative financial news sources, it also opens new opportunities.
Challenges:
” Revenue Diversification: Transitioning from print advertisements to digital revenue streams, such as subscriptions and sponsored content, requires careful planning.
” Content Credibility: With the rise of misinformation in digital spaces, maintaining journalistic integrity and credibility remains crucial.
” Technological Adaptation: Implementing AI, automation, and new digital tools demands investment in infrastructure and skilled professionals.
Opportunities:
” Global Reach: Digital transformation enables financial publications to reach an international audience beyond traditional regional boundaries.
” Real-time Interaction: Engaging with readers in real-time through digital platforms fosters a more interactive and connected financial community.
” Value-Added Services: Beyond news, offering research reports, market insights, and financial education programs can create new revenue streams.
The Future of Financial Journalism
The digital revolution in financial journalism is not just about survival; it is about evolution. The Financial Daily is embracing this change, ensuring that its legacy continues while adapting to the demands of a tech-driven readership. By leveraging cutting-edge technology, expanding content formats, and prioritizing reader engagement, The Financial Daily is set to redefine financial journalism in the digital age.
As the publication embarks on this transformative journey, it will not only preserve its commitment to accurate and in-depth financial reporting but also shape the future of how financial news is delivered and consumed. The next chapter of The Financial Daily promises a dynamic, interactive, and technology-driven news experience, reinforcing its role as a vital resource for investors, businesses, and policymakers in an ever-evolving economic landscape.

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The Importance of Reliable Financial News
In today’s fast-paced global economy, financial news plays a crucial role in shaping business strategies and decision-making. Reliable financial news serves as the backbone of the corporate world, providing investors, entrepreneurs, policymakers, and analysts with critical insights into market trends, economic policies, and industry developments. A well-informed business community is better equipped to navigate economic uncertainties, identify investment opportunities, and mitigate financial risks.
With the rise of digital media, financial news is more accessible than ever. However, the challenge remains in distinguishing credible information from speculation. The importance of trustworthy financial reporting cannot be overstated, as inaccurate or biased news can lead to misguided investments, economic instability, and even financial crises. In this landscape, publications dedicated to authentic financial journalism, such as The Financial Daily, hold immense significance.
The Financial Daily: A Trusted Source for 18 Years
For the past 18 years, The Financial Daily has stood as a beacon of credible financial journalism, providing timely and accurate business news to its readers. Established with a vision to offer comprehensive financial analysis and reporting, the publication has earned its place as a trusted source of information for businesses, investors, and policymakers alike.
What sets The Financial Daily apart is its commitment to in-depth research and balanced reporting. Unlike sensationalist media that often chase headlines for engagement, The Financial Daily prioritizes factual accuracy, expert opinions, and data-driven analysis. This approach has made it a go-to source for professionals seeking well-researched financial insights.
Contributions to Business Decision-Making
1. Market Analysis and Investment Insights
One of the most valuable aspects of The Financial Daily is its coverage of market trends and investment opportunities. By providing real-time updates on stock markets, foreign exchange rates, and commodity prices, the publication enables investors to make informed decisions. Businesses, too, rely on this information to plan their financial strategies and optimize their investment portfolios.
2. Economic Policy and Regulatory Updates
Governments and financial institutions frequently introduce new economic policies and regulations that impact businesses and markets. The Financial Daily keeps its audience informed about these changes, ensuring that businesses stay compliant and adapt their strategies accordingly. From tax reforms to trade policies, the publication breaks down complex regulations into understandable insights, helping businesses navigate legal and economic landscapes.
3. Corporate News and Industry Developments
Understanding industry trends is crucial for businesses aiming to stay competitive. The Financial Daily covers corporate news, mergers and acquisitions, earnings reports, and sector-specific developments. This allows business leaders to assess market dynamics and position their companies for growth.
4. Financial Literacy and Education
Beyond news reporting, The Financial Daily plays a significant role in promoting financial literacy. It publishes educational content on personal finance, investment strategies, and economic principles, empowering readers to make informed financial decisions. This aspect is particularly important in emerging markets where financial education is still developing.
5. Influence on Policy and Governance
The impact of financial journalism extends beyond businesses-it also influences policy and governance. Policymakers rely on credible financial news sources to assess economic conditions and formulate appropriate responses. The Financial Daily has, over the years, contributed to economic discourse by highlighting pressing financial issues and offering expert opinions on policy matters.
Adapting to the Digital Age
In the era of digital transformation, The Financial Daily has successfully adapted to changing consumer preferences. While traditional print journalism still holds value, the publication has expanded its digital presence to reach a broader audience. Its online platform offers real-time updates, expert analyses, and multimedia content, ensuring that readers stay informed on the go.
Social media integration has further amplified its reach, allowing financial news to be disseminated quickly and efficiently. Moreover, interactive features such as webinars, expert interviews, and data visualizations have enhanced the way financial information is consumed.
The Future of Financial Journalism
As technology continues to evolve, so does the landscape of financial journalism. Artificial intelligence and big data are revolutionizing the way financial news is analyzed and presented. With the rise of fintech and blockchain, the financial sector is witnessing rapid innovations that require constant coverage and analysis.
The Financial Daily is well-positioned to embrace these changes by leveraging advanced analytics, expanding its digital footprint, and continuing to uphold its commitment to reliable reporting. The demand for credible financial journalism will only grow as businesses and investors seek accurate information to navigate an increasingly complex economic environment.
For nearly two decades, The Financial Daily has been a trusted companion to businesses, investors, and policymakers, providing them with the insights needed to make informed decisions. In a world where financial misinformation can have dire consequences, the role of credible financial journalism remains paramount. Through its unwavering dedication to accuracy, analysis, and accessibility, The Financial Daily has cemented its place as a pillar of financial reporting.
As the business world continues to evolve, the publication’s role will only become more vital. By staying true to its mission of delivering reliable financial news, The Financial Daily will continue to shape the future of business decision-making for years to come.

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The Financial Daily International has reached another significant milestone, marking its 18th anniversary as Pakistan’s premier analytical English-language business daily. Since its inception on February 20, 2007, The Financial Daily has remained at the forefront of financial journalism, delivering in-depth analysis, insightful commentary, and comprehensive coverage of economic trends. As it enters its 19th year, the newspaper continues to be a trusted source for investors, business professionals, and policymakers alike.
A Vision That Redefined Financial Journalism
The journey of The Financial Daily began under the visionary leadership of Amir Abbas Ashary, who recognized the need for a niche English daily focused on stock market analysis and investor education. This vision took shape with the launch of Stock Review under the umbrella of Data Research and Communication (DRC). With the expertise of renowned journalist Ismat Sabir as its first editor, Stock Review quickly gained recognition in the business community. Its first official issue was launched on October 6, 2006, at an event hosted by the Pakistan Business Council (UAE).
Recognizing the evolving needs of its readership, the publication expanded its scope beyond stock market analysis. On August 2, 2007, Stock Review was rebranded as The Financial Daily International, broadening its content to include banking, insurance, trade, investment, and economic policies. This transition solidified its position as a well-rounded business publication, catering to the growing demands of investors and financial experts.
Establishing a Research-Oriented Approach
One of the defining features of The Financial Daily has been its commitment to research-driven journalism. Under the guidance of experienced Chartered Financial Analysts (CFAs), the newspaper established Pakistan’s first independent Research House, staffed with a team of MBA analysts. This initiative provided in-depth market insights to brokerage houses, financial institutions, and global news agencies, setting The Financial Daily apart from other business publications.
Over the years, the Research House has played a crucial role in analyzing economic trends and stock market fluctuations. The newspaper has provided detailed financial reports, technical analyses, and market forecasts that have helped investors make informed decisions. This research-driven approach continues to shape business journalism in Pakistan.
Recognition and Impact
The Financial Daily has earned recognition from key stakeholders, including stock exchanges, chambers of commerce, and trade bodies. Esteemed dignitaries such as former Federal Minister for Information Nisar Memon and Sindh Information Minister Shazia Marri have visited the newspaper’s offices, praising its independent and unbiased approach.
Beyond daily reporting, the newspaper has actively contributed to investor awareness through various publications, including Pakistan Dawning Metaphor, a comprehensive book on Pakistan’s capital market performance from 2002 to 2007. Additionally, the newspaper has published multiple editions of the KSE-100 Index Fundamental Guide, a valuable resource for investors in Pakistan Stock Exchange-listed companies.
The Financial Daily has also played a crucial role in providing a platform for discussions on economic policies and reforms. Through seminars, webinars, and panel discussions featuring economists, business leaders, and policymakers, the newspaper has facilitated meaningful conversations about Pakistan’s economic future. These efforts have contributed to shaping economic policies and fostering transparency in financial markets.
Expanding Horizons: Excellence Awards & Digital Presence
Recognizing excellence in the financial sector, The Financial Daily introduced Pakistan’s first-ever transparent awards for mutual funds in 2009. This initiative later expanded to the food industry, with the prestigious TFD Excellence Awards being held at venues such as DHA Golf Club Karachi and Sindh Governor House. These awards have gained a reputation for fairness and credibility, judged by independent juries comprising industry experts.
The impact of these awards has extended beyond recognition, motivating businesses to improve their services, adopt ethical practices, and strive for excellence. The newspaper’s commitment to highlighting industry leaders has made the TFD Excellence Awards a prestigious event in the corporate world.
Adapting to digital trends, The Financial Daily launched its YouTube channel on April 4, 2020, during the COVID-19 pandemic. Featuring diverse content on business, sports, culture, tourism, and health, the channel has gained significant traction, with renowned professionals such as Iqbal Jamil, Agha Masood Hussain, Col (R) Mukhtar Butt, Mubasher Mir, Barrister Sana Pirzada, Shakil Baig, and Brigadier (R) Tariq Khalil contributing insightful programs.
The newspaper’s digital expansion has not been limited to YouTube. By embracing social media platforms, The Financial Daily enables real-time engagement with readers. Regular updates on financial news, expert opinions, and market trends have made it a go-to source for economic insights across multiple digital platforms.
Acknowledging the Pillars of Success
As The Financial Daily celebrates 18 years of unwavering commitment to quality journalism, it is important to recognize the contributions of its dedicated team. Editor Shakil Jafri, who has led the newspaper for over a decade, continues to uphold its founding vision. Valuable support from professionals like Azfar Ashary, Munawar Naqvi, Agha Masood Hussain, Naeem Awan, Shiraz Ahmed Siddiqui, Mohammed Airfeen, and Muhammad Arif has played a crucial role in sustaining the newspaper’s legacy.
The commitment of individuals such as Shahzad Jamal, Ahmad Omer, and Riaz-ul-Hasnain Rizvi has ensured that The Financial Daily remains a beacon of reliable financial reporting. The contributions of the entire editorial and operational team, including Imran Zakir, Mohsin Raza Rajani, Ghulam Raza Rajani, Zeeshan Naqvi, Shabbir Kazmi, Hasnain Jafri, Mansoor Ahmed, and many others, deserve special recognition.
As the media landscape continues to evolve, the role of print and digital journalism is becoming more challenging. However, the dedicated staff of The Financial Daily has remained resilient, adapting to new trends to ensure the highest standards of journalism for its readers.
Looking Ahead
With nearly two decades of experience, The Financial Daily continues to evolve, embracing new challenges and opportunities in financial journalism. As digital transformation reshapes the media landscape, the publication remains steadfast in its mission to provide credible, insightful, and analytical reporting.
The future of The Financial Daily includes further digital expansion, enhanced multimedia content, live financial updates, and interactive platforms for reader engagement. By integrating advanced data analytics and artificial intelligence in reporting, the newspaper aims to stay ahead of industry trends and offer a more personalized experience to its audience.
The journey of The Financial Daily is a testament to the power of independent journalism. As it steps into the future, the commitment to excellence remains unwavering. Here’s to many more years of insightful reporting and impactful journalism!

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Comrades and friends,

Today, the first of July, is a great and solemn day in the history of both the Communist Party of China (CPC) and the Chinese nation. We gather here to join all Party members and Chinese people of all ethnic groups around the country in celebrating the centenary of the Party, looking back on the glorious journey the Party has traveled over 100 years of struggle, and looking ahead to the bright prospects for the rejuvenation of the Chinese nation.
To begin, let me extend warm congratulations to all Party members on behalf of the CPC Central Committee.
On this special occasion, it is my honor to declare on behalf of the Party and the people that through the continued efforts of the whole Party and the entire nation, we have realized the first centenary goal of building a moderately prosperous society in all respects. This means that we have brought about a historic resolution to the problem of absolute poverty in China, and we are now marching in confident strides toward the second centenary goal of building China into a great modern socialist country in all respects. This is a great and glorious accomplishment for the Chinese nation, for the Chinese people, and for the Communist Party of China!

Comrades and friends,

The Chinese nation is a great nation. With a history of more than 5,000 years, China has made indelible contributions to the progress of human civilization. After the Opium War of 1840, however, China was gradually reduced to a semi-colonial, semi-feudal society and suffered greater ravages than ever before. The country endured intense humiliation, the people were subjected to great pain, and the Chinese civilization was plunged into darkness. Since that time, national rejuvenation has been the greatest dream of the Chinese people and the Chinese nation.
To save the nation from peril, the Chinese people put up a courageous fight. As noble-minded patriots sought to pull the nation together, the Taiping Heavenly Kingdom Movement, the Reform Movement of 1898, the Yihetuan Movement, and the Revolution of 1911 rose one after the other, and a variety of plans were devised to ensure national survival, but all of these ended in failure. China was in urgent need of new ideas to lead the movement to save the nation and a new organization to rally revolutionary forces.
With the salvoes of Russia’s October Revolution in 1917, Marxism-Leninism was brought to China. Then in 1921, as the Chinese people and the Chinese nation were undergoing a great awakening and Marxism-Leninism was becoming closely integrated with the Chinese workers’ movement, the Communist Party of China was born. The founding of a communist party in China was an epoch-making event, which profoundly changed the course of Chinese history in modern times, transformed the future of the Chinese people and nation, and altered the landscape of world development.
Since the very day of its founding, the Party has made seeking happiness for the Chinese people and rejuvenation for the Chinese nation its aspiration and mission. All the struggle, sacrifice, and creation through which the Party has united and led the Chinese people over the past hundred years has been tied together by one ultimate theme-bringing about the great rejuvenation of the Chinese nation.
To realize national rejuvenation, the Party united and led the Chinese people in fighting bloody battles with unyielding determination, achieving great success in the new-democratic revolution.
Through the Northern Expedition, the Agrarian Revolutionary War, the War of Resistance against Japanese Aggression, and the War of Liberation, we fought armed counter-revolution with armed revolution, toppling the three mountains of imperialism, feudalism, and bureaucrat-capitalism and establishing the People’s Republic of China, which made the people masters of the country. We thus secured our nation’s independence and liberated our people.
The victory of the new-democratic revolution put an end to China’s history as a semi-colonial, semi-feudal society, to the state of total disunity that existed in old China, and to all the unequal treaties imposed on our country by foreign powers and all the privileges that imperialist powers enjoyed in China. It created the fundamental social conditions for realizing national rejuvenation.
Through tenacious struggle, the Party and the Chinese people showed the world that the Chinese people had stood up, and that the time in which the Chinese nation could be bullied and abused by others was gone forever.
To realize national rejuvenation, the Party united and led the Chinese people in endeavoring to build a stronger China with a spirit of self-reliance, achieving great success in socialist revolution and construction.
By carrying out socialist revolution, we eliminated the exploitative and repressive feudal system that had persisted in China for thousands of years, and established socialism as our basic system. In the process of socialist construction, we overcame subversion, sabotage, and armed provocation by imperialist and hegemonic powers, and brought about the most extensive and profound social changes in the history of the Chinese nation. This great transformation of China from a poor and backward country in the East with a large population into a socialist country laid down the fundamental political conditions and the institutional foundations necessary for realizing national rejuvenation.
Through tenacious struggle, the Party and the Chinese people showed the world that the Chinese people were capable of not only dismantling the old world, but also building a new one, that only socialism could save China, and that only socialism could develop China.
To realize national rejuvenation, the Party united and led the Chinese people in freeing the mind and forging ahead, achieving great success in reform, opening up, and socialist modernization.
We established the Party’s basic line for the primary stage of socialism, resolutely advanced reform and opening up, overcame risks and challenges from every direction, and founded, upheld, safeguarded, and developed socialism with Chinese characteristics, thus bringing about a major turn with far-reaching significance in the history of the Party since the founding of the People’s Republic of China. This enabled China to transform itself from a highly centralized planned economy to a socialist market economy brimming with vitality, and from a country that was largely isolated to one that is open to the outside world across the board. It also enabled China to achieve the historic leap from a country with relatively backward productive forces to the world’s second largest economy, and to make the historic transformation of raising the living standards of its people from bare subsistence to an overall level of moderate prosperity, and then ultimately to moderate prosperity in all respects. These achievements fueled the push toward national rejuvenation by providing institutional guarantees imbued with new energy as well as the material conditions for rapid development.
Through tenacious struggle, the Party and the Chinese people showed the world that by pursuing reform and opening up, a crucial move in making China what it is today, China had caught up with the times in great strides.
To realize national rejuvenation, the Party has united and led the Chinese people in pursuing a great struggle, a great project, a great cause, and a great dream through a spirit of self-confidence, self-reliance, and innovation, achieving great success for socialism with Chinese characteristics in the new era.
Following the Party’s 18th National Congress, socialism with Chinese characteristics entered a new era. In this new era, we have upheld and strengthened the Party’s overall leadership, ensured coordinated implementation of the five-sphere integrated plan and the four-pronged comprehensive strategy, upheld and improved the system of socialism with Chinese characteristics, modernized China’s system and capacity for governance, remained committed to exercising rule-based governance over the Party, and developed a sound system of intraparty regulations. We have overcome a long list of major risks and challenges, fulfilled the first centenary goal, and set out strategic steps for achieving the second centenary goal. All the historic achievements and changes in the cause of the Party and the country have provided the cause of national rejuvenation with more robust institutions, stronger material foundations, and a source of inspiration for taking greater initiative.
Through tenacious struggle, the Party and the Chinese people have shown the world that the Chinese nation has achieved the tremendous transformation from standing up and growing prosperous to becoming strong, and that China’s national rejuvenation has become a historical inevitability.
Over the past hundred years, the Party has united and led the Chinese people in writing the most magnificent chapter in the millennia-long history of the Chinese nation, embodying the dauntless spirit that Mao Zedong expressed when he wrote, “Our minds grow stronger for the martyrs’ sacrifice, daring to make the sun and the moon shine in the new sky.” The great path we have pioneered, the great cause we have undertaken, and the great achievements we have made over the past century will go down in the annals of the development of the Chinese nation and of human civilization.

Comrades and friends,
A hundred years ago, the pioneers of Communism in China established the Communist Party of China and developed the great founding spirit of the Party, which is comprised of the following principles: upholding truth and ideals, staying true to our original aspiration and founding mission, fighting bravely without fear of sacrifice, and remaining loyal to the Party and faithful to the people. This spirit is the Party’s source of strength.
Over the past hundred years, the Party has carried forward this great founding spirit. Through its protracted struggles, it has developed a long line of inspiring principles for Chinese Communists and tempered a distinct political character. As history has kept moving forward, the spirit of the Party has been passed on from generation to generation. We will continue to promote our glorious traditions and sustain our revolutionary legacy, so that the great founding spirit of the Party will always be kept alive and carried forward.

Comrades and friends,
We owe all that we have achieved over the past hundred years to the concerted efforts of the Chinese Communists, the Chinese people, and the Chinese nation. Chinese Communists, with comrades Mao Zedong, Deng Xiaoping, Jiang Zemin, and Hu Jintao as their chief representatives, have made tremendous and historic contributions to the rejuvenation of the Chinese nation. To them, we express our highest respect.
Let us take this moment to cherish the memory of comrades Mao Zedong, Zhou Enlai, Liu Shaoqi, Zhu De, Deng Xiaoping, Chen Yun, and other veteran revolutionaries who contributed greatly to China’s revolution, construction, and reform, and to the founding, consolidation, and development of the Communist Party of China; let us cherish the memory of the revolutionary martyrs who bravely laid down their lives to establish, defend, and develop the People’s Republic; let us cherish the memory of those who dedicated their lives to reform, opening up, and socialist modernization; and let us cherish the memory of all the men and women who fought tenaciously for national independence and the liberation of the people in modern times. Their great contributions to our motherland and our nation will be immortalized in the annals of history, and their noble spirit will live on forever in the hearts of the Chinese people.
The people are the true heroes, for it is they who create history. On behalf of the CPC Central Committee, I would like to pay my highest respects to workers, farmers, and intellectuals across the country; to other political parties, public figures without party affiliation, people’s organizations, and patriotic figures from all sectors of society; to all members of the People’s Liberation Army, the People’s Armed Police Force, the public security police, and the fire and rescue services; to all socialist working people; and to all members of the united front. I would like to extend my sincere greetings to compatriots in the Hong Kong and Macao special administrative regions and in Taiwan as well as overseas Chinese. And I would like to express my heartfelt gratitude to people and friends from around the world who have shown friendship to the Chinese people and understanding and support for China’s endeavors in revolution, development, and reform.

Comrades and friends,
Though our Party’s founding mission is easy to define, ensuring that we stay true to this mission is a more difficult task. By learning from history, we can understand why powers rise and fall. Through the mirror of history, we can find where we currently stand and gain foresight into the future. Looking back on the Party’s 100-year history, we can see why we were successful in the past and how we can continue to succeed in the future. This will ensure that we act with greater resolve and purpose in staying true to our founding mission and pursuing a better future on the new journey that lies before us.
As we put conscious effort into learning from history to create a bright future, we must bear the following in mind:
We must uphold the firm leadership of the Party. China’s success hinges on the Party. The more than 180-year-long modern history of the Chinese nation, the 100-year-long history of the Party, and the more than 70-year-long history of the People’s Republic of China all provide ample evidence that without the Communist Party of China, there would be no new China and no national rejuvenation. The Party was chosen by history and the people. The leadership of the Party is the defining feature of socialism with Chinese characteristics and constitutes the greatest strength of this system. It is the foundation and lifeblood of the Party and the country, and the crux upon which the interests and wellbeing of all Chinese people depend.
On the journey ahead, we must uphold the Party’s overall leadership and continue to enhance its leadership. We must be deeply conscious of the need to maintain political integrity, think in big-picture terms, follow the leadership core, and keep in alignment with the central Party leadership. We must stay confident in the path, theory, system, and culture of socialism with Chinese characteristics. We must uphold the core position of the General Secretary on the Party Central Committee and in the Party as a whole, and uphold the Central Committee’s authority and its centralized, unified leadership. Bearing in mind the country’s most fundamental interests, we must enhance the Party’s capacity to conduct sound, democratic, and law-based governance, and ensure that it fully exerts its core role in providing overall leadership and coordinating the efforts of all sides.
We must unite and lead the Chinese people in working ceaselessly for a better life. This country is its people; the people are the country. As we have fought to establish and consolidate our leadership over the country, we have in fact been fighting to earn and keep the people’s support. The Party has in the people its roots, its lifeblood, and its source of strength. The Party has always represented the fundamental interests of all Chinese people; it stands with them through thick and thin and shares a common fate with them. The Party has no special interests of its own-it has never represented any individual interest group, power group, or privileged stratum. Any attempt to divide the Party from the Chinese people or to set the people against the Party is bound to fail. The more than 95 million Party members and the more than 1.4 billion Chinese people will never allow such a scenario to come to pass.
On the journey ahead, we must rely closely on the people to create history. Upholding the Party’s fundamental purpose of wholeheartedly serving the people, we will stand firmly with the people, implement the Party’s mass line, respect the people’s creativity, and practice a people-centered philosophy of development. We will develop whole-process people’s democracy, safeguard social fairness and justice, and resolve the imbalances and inadequacies in development and the most pressing difficulties and problems that are of great concern to the people. In doing so, we will make more notable and substantive progress toward achieving well-rounded human development and common prosperity for all.
We must continue to adapt Marxism to the Chinese context. Marxism is the fundamental guiding ideology upon which our Party and country are founded; it is the very soul of our Party and the banner under which it strives. The Communist Party of China upholds the basic tenets of Marxism and the principle of seeking truth from facts. Based on China’s realities, we have developed keen insights into the trends of the day, seized the initiative in history, and made painstaking explorations. We have thus been able to keep adapting Marxism to the Chinese context and the needs of our times, and to guide the Chinese people in advancing our great social revolution. At the fundamental level, the capability of our Party and the strengths of socialism with Chinese characteristics are attributable to the fact that Marxism works.
On the journey ahead, we must continue to uphold Marxism-Leninism, Mao Zedong Thought, Deng Xiaoping Theory, the Theory of Three Represents, and the Scientific Outlook on Development, and fully implement the Thought on Socialism with Chinese Characteristics for a New Era. We must continue to adapt the basic tenets of Marxism to China’s specific realities and its fine traditional culture. We will use Marxism to observe, understand, and steer the trends of our times, and continue to develop the Marxism of contemporary China and in the 21st century.
We must uphold and develop socialism with Chinese characteristics. We must follow our own path-this is the bedrock that underpins all the theories and practices of our Party. More than that, it is the historical conclusion our Party has drawn from its struggles over the past century. Socialism with Chinese characteristics is a fundamental achievement of the Party and the people, forged through innumerable hardships and great sacrifices, and it is the right path for us to achieve national rejuvenation. As we have upheld and developed socialism with Chinese characteristics and driven coordinated progress in material, political, cultural-ethical, social, and ecological terms, we have pioneered a new and uniquely Chinese path to modernization, and created a new model for human advancement.
On the journey ahead, we must adhere to the Party’s basic theory, line, and policy, and implement the five-sphere integrated plan and the four-pronged comprehensive strategy. We must deepen reform and opening up across the board, ground our work in this new stage of development, fully and faithfully apply the new development philosophy, and foster a new pattern of development. We must promote high-quality development and build up our country’s strength in science and technology. We must ensure it is our people who run the country, continue to govern based on the rule of law, and uphold the core socialist values. We must ensure and enhance public wellbeing in the course of development, promote harmony between humanity and nature, and take well-coordinated steps toward making our people prosperous, our nation strong, and our country beautiful.
The Chinese nation has fostered a splendid civilization over more than 5,000 years of history. The Party has also acquired a wealth of experience through its endeavors over the past 100 years and during more than 70 years of governance. At the same time, we are also eager to learn what lessons we can from the achievements of other cultures, and welcome helpful suggestions and constructive criticism. We will not, however, accept sanctimonious preaching from those who feel they have the right to lecture us. The Party and the Chinese people will keep moving confidently forward in broad strides along the path that we have chosen for ourselves, and we will make sure the destiny of China’s development and progress remains firmly in our own hands.
We must accelerate the modernization of national defense and the armed forces. A strong country must have a strong military, as only then can it guarantee the security of the nation. At the point that it was engaged in violent struggle, the Party came to recognize the irrefutable truth that it must command the gun and build a people’s military of its own. The people’s military has made indelible achievements on behalf of the Party and the people. It is a strong pillar for safeguarding our socialist country and preserving national dignity, and a powerful force for protecting peace in our region and beyond.
On the journey ahead, we must fully implement the Party’s thinking on strengthening the military in the new era as well as our military strategy for the new era, maintain the Party’s absolute leadership over the people’s armed forces, and follow a Chinese path to military development. We will take comprehensive measures to enhance the political loyalty of the armed forces, to strengthen them through reform and technology and the training of competent personnel, and to run them in accordance with the law. We will elevate our people’s armed forces to world-class standards so that we are equipped with greater capacity and more reliable means for safeguarding our national sovereignty, security, and development interests.
We must continue working to promote the building of a human community with a shared future. Peace, concord, and harmony are ideas the Chinese nation has pursued and carried forward for more than 5,000 years. The Chinese nation does not carry aggressive or hegemonic traits in its genes. The Party cares about the future of humanity, and wishes to move forward in tandem with all progressive forces around the world. China has always worked to safeguard world peace, contribute to global development, and preserve international order.
On the journey ahead, we will remain committed to promoting peace, development, cooperation, and mutual benefit, to an independent foreign policy of peace, and to the path of peaceful development. We will work to build a new type of international relations and a human community with a shared future, promote high-quality development of the Belt and Road Initiative through joint efforts, and use China’s new achievements in development to provide the world with new opportunities. The Party will continue to work with all peace-loving countries and peoples to promote the shared human values of peace, development, fairness, justice, democracy, and freedom. We will continue to champion cooperation over confrontation, to open up rather than closing our doors, and to focus on mutual benefits instead of zero-sum games. We will oppose hegemony and power politics, and strive to keep the wheels of history rolling toward bright horizons.
We Chinese are a people who uphold justice and are not intimidated by threats of force. As a nation, we have a strong sense of pride and confidence. We have never bullied, oppressed, or subjugated the people of any other country, and we never will. By the same token, we will never allow any foreign force to bully, oppress, or subjugate us. Anyone who would attempt to do so will find themselves on a collision course with a great wall of steel forged by over 1.4 billion Chinese people.
We must carry out a great struggle with many contemporary features. Having the courage to fight and the fortitude to win is what has made our Party invincible. Realizing our great dream will require hard work and persistence. Today, we are closer, more confident, and more capable than ever before of making the goal of national rejuvenation a reality. But we must be prepared to work harder than ever to get there.
On the journey ahead, we must demonstrate stronger vigilance and always be prepared for potential danger, even in times of calm. We must adopt a holistic approach to national security that balances development and security imperatives, and implement the national rejuvenation strategy within a wider context of the once-in-a-century changes taking place in the world. We need to acquire a full understanding of the new features and requirements arising from the change to the principal contradiction in Chinese society and the new issues and challenges stemming from a complicated international environment. We must be both brave and adept in carrying out our struggle, forging new paths and building new bridges wherever necessary to take us past all risks and challenges.
We must strengthen the great unity of the Chinese people. In the course of our struggles over the past century, the Party has always placed the united front in a position of importance. We have constantly consolidated and developed the broadest possible united front, united all the forces that can be united, mobilized all positive factors that can be mobilized, and pooled as much strength as possible for collective endeavors. The patriotic united front is an important means for the Party to unite all the sons and daughters of the Chinese nation, both at home and abroad, behind the goal of national rejuvenation.
On the journey ahead, we must ensure great unity and solidarity and balance commonality and diversity. We should strengthen theoretical and political guidance, build broad consensus, bring together the brightest minds, and expand common ground and the convergence of interests, so that all Chinese people, both at home and overseas, can focus their ingenuity and energy on the same goal and come together as a mighty force for realizing national rejuvenation.
We must continue to advance the great new project of Party building. A hallmark that distinguishes the Communist Party of China from other political parties is its courage in undertaking self-reform. An important reason why the Party remains so vital and vibrant despite having undergone so many trials and tribulations is that it practices effective self-supervision and full and rigorous self-governance. It has thus been able to respond appropriately to the risks and tests of different historical periods, to ensure that it always remains at the forefront of the times even as profound changes sweep the global landscape, and to stand firm as the backbone of the nation throughout the process of meeting various risks and challenges at home and abroad.
On the journey ahead, we must keep firmly in mind the old adage that it takes a good blacksmith to make good steel. We must demonstrate greater political awareness of the fact that full and rigorous self-governance is a never-ending journey. With strengthening the Party politically as our overarching principle, we must continue advancing the great new project of Party building in the new era. We must tighten the Party’s organizational system, work hard to train high-caliber officials who have both moral integrity and professional competence, remain committed to improving Party conduct, upholding integrity, and combating corruption, and root out any elements that would harm the Party’s advanced nature and purity and any viruses that would erode its health. We must ensure that the Party preserves its essence, color, and character, and see that it always serves as the strong leadership core in the course of upholding and developing socialism with Chinese characteristics in the new era.

Comrades and friends,
We will stay true to the letter and spirit of the principle of One Country, Two Systems, under which the people of Hong Kong administer Hong Kong, and the people of Macao administer Macao, both with a high degree of autonomy. We will ensure that the central government exercises overall jurisdiction over Hong Kong and Macao, and implement the legal systems and enforcement mechanisms for the two special administrative regions to safeguard national security. While protecting China’s sovereignty, security, and development interests, we will ensure social stability in Hong Kong and Macao, and maintain lasting prosperity and stability in the two special administrative regions.
Resolving the Taiwan question and realizing China’s complete reunification is a historic mission and an unshakable commitment of the Communist Party of China. It is also a shared aspiration of all the sons and daughters of the Chinese nation. We will uphold the one-China principle and the 1992 Consensus, and advance peaceful national reunification. All of us, compatriots on both sides of the Taiwan Strait, must come together and move forward in unison. We must take resolute action to utterly defeat any attempt toward “Taiwan independence,” and work together to create a bright future for national rejuvenation. No one should underestimate the resolve, the will, and the ability of the Chinese people to defend their national sovereignty and territorial integrity.

Comrades and friends,
The future belongs to the young people, and our hopes also rest with them. A century ago, a group of young progressives held aloft the torch of Marxism and searched assiduously in those dark years for ways to rejuvenate the Chinese nation. Since then, under the banner of the Communist Party of China, generation after generation of young Chinese have devoted their youth to the cause of the Party and the people, and remained in the vanguard of the drive to rejuvenate the nation.
In the new era, our young people should make it their mission to contribute to national rejuvenation and aspire to become more proud, confident, and assured in their identity as Chinese people so that they can live up to the promise of their youth and the expectations of our times, our Party, and our people.

Comrades and friends,
A century ago, at the time of its founding, the Communist Party of China had just over 50 members. Today, with more than 95 million members in a country of more than 1.4 billion people, it is the largest governing party in the world and enjoys tremendous international influence.
A century ago, China was in decline and withering away in the eyes of the world. Today, the image it presents to the world is one of a thriving nation that is advancing with unstoppable momentum toward rejuvenation.
Over the past century, the Communist Party of China has secured extraordinary historical achievements on behalf of the people. Today, it is rallying and leading the Chinese people on a new journey toward realizing the second centenary goal.

To all Party members,
The Central Committee calls on every one of you to stay true to our Party’s founding mission and stand firm in your ideals and convictions. Acting on the purpose of the Party, you should always maintain close ties with the people, empathize and work with them, stand with them through good times and bad, and continue working tirelessly to realize their aspirations for a better life and to bring still greater glory to the Party and the people.

Comrades and friends,
Today, a hundred years on from its founding, the Communist Party of China is still in its prime, and remains as determined as ever to achieve lasting greatness for the Chinese nation. Looking back on the path we have travelled and forward to the journey that lies ahead, it is certain that with the firm leadership of the Party and the great unity of the Chinese people of all ethnic groups, we will achieve the goal of building a great modern socialist country in all respects and fulfill the Chinese Dream of national rejuvenation.

Long live our great, glorious, and correct Party!
Long live our great, glorious, and heroic people!

Courtesy: Xinhua

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KARACHI: Zafar Masud, President Bank of Punjab in his first interview with ‘The Financial Daily’ on Saturday after recovering from the PIA plane crash injuries has thanked Almighty Allah for saving his life in the horrible plane crash just before Eidul Fitr, terming it definite miracle of this century.
He said if he was able to know that in which act of his work God saved his life then he will do the same the rest of his life. He said he believes that behind of saving his life are prays of his parents who are very religious, righteous and down-to-earth persons.
Zafar Masud was in discussion with the delegation of Karachi Editors Club (KEC) comprising Mubasher Mir Editor Daily Pakistan Karachi & President KEC, Syed Ibne Hassan Spokesman National Bank of Pakistan, Manzar Naqvi Secretary General KEC, Agha Masood Hussain Senior member of Executive Body KEC, Shiraz Ahmed Siddiqui member KEC and Aqeel Jafri Managing Director Pirana who met him at the hospital to enquire about his health.
Mubasher Mir presented a bouquet to Zafar Mahmud from Mujeeb Ur Rehman Shami Chief Editor Daily Pakistan who also talked on cell phone with Zafar Masud and enquired about his health. Syed Ibne Hassan also presented a bouquet on behalf of Arif Usmani President National Bank of Pakistan.
Zafar Masud informing the delegation about his health said his right hand was fractured and right knee also had a minor fracture from 2-3 points, doctors are waiting for MRI report and have advises him complete rest for at least 2-3 weeks.
About the plane crash, he said he, according to his habit from take-off till the landing time was busy on work with his laptop and found nothing exceptional. Flight was announced to land and touched the earth but suddenly the plane again took off but did not announce any emergency or unusual circumstances and in the next few minutes the plane was crashed. After the crashed, people helped him and took him to hospital.
Thanked God for saving his life he said he will, In Sha Allah continue to serve the humanity. He thanked all members of the delegation who came to enquire his health in the hospital.

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