一、市场表现 18日增加3.312亿股后 月19日减少5.147亿股, 月20日再度下降3.039亿 > 主要指数周涨跌幅及成交量 本周,KSE100指数的周成 交量增加,由上周的12. 29亿股 涨至本周的16. 49亿股。 在周涨跌幅方面,KSE100 指数由上周的1. 47%下滑至本周 的0. 10%。 3,500,000,000 - 3,346,119,178 1.47% 3,000,000,000 2,500,000,000 1,916,071,393 2,000,000,000 1,64 1,510,555,14' -0.319 1,500,000,000 1,228,631,072 1,000,000,000 .02% 500,000,000 .26% 0 10.20-10.24 11.03-11.07 10.27-10.31 11.10-11.14 11. ■ KSE100周成交量(股) → KSE100周涨跌幅 KSE100 周成交量及周涨跌幅 二、重要新闻 1、巴基斯坦国家银行(巴央行)11月17日公布的数据显示，该国10月份经常账户为1.12亿美元赤字，去年同期为2.96亿美元盈余。该情 ...

Group 1 - The core viewpoint emphasizes the importance of China's development experience for Pakistan, highlighting the potential for sustainable development and mutual prosperity through collaboration [1][2] - Pakistan's Investment Minister, Khaiser Ahmad Sheikh, noted that China's success in lifting millions out of poverty serves as a model for developing countries, particularly in areas like technology and education [1] - The Pakistani government aims to improve the business environment to attract more Chinese investments, which is seen as a catalyst for regional development [1] Group 2 - The former chairman of Pakistan's Senate Defense Committee, Mushahid Hussain, stated that the China-Pakistan Economic Corridor (CPEC) has significantly advanced various sectors in Pakistan, including energy and healthcare [1] - The Chinese Ambassador to Pakistan, Jiang Zaidong, highlighted that the modernization efforts between China and Pakistan open up vast opportunities for cooperation, particularly through the "15th Five-Year Plan" [2] - The collaboration is expected to strengthen the China-Pakistan Economic Corridor and support global economic integration [2]

Group 1: Economic Indicators - Pakistan's government debt is projected to reach 77.46 trillion PKR by August 2025, a 10.08% increase from 70.36 trillion PKR year-on-year, but a 1% decrease from the previous month [9] - The National Accounts Committee approved a GDP growth rate of 3.04% for the fiscal year 2024-2025, with a per capita income of 1,812 USD and a total economic size of 407.2 billion USD, up from 371.8 billion USD in the previous fiscal year [10] - Overseas remittances to Pakistan reached 3.2 billion USD in September 2025, an 11.3% increase from 2.9 billion USD year-on-year, and a slight increase of 1% from the previous month [11] Group 2: Industry Developments - The automotive industry in Pakistan experienced a strong start in the fiscal year 2025-2026, with first-quarter sales of cars, SUVs, pickups, and trucks increasing by 53% to 42,267 units compared to 27,585 units in the same period last year [12] - The Pakistan Maritime Minister announced plans for the first Pakistan Maritime Investment Conference to showcase investment opportunities in the maritime sector, aiming to attract sustainable investments and enhance the blue economy [10] - The discrepancy in import data between the Pakistan Single Window system and the State Bank of Pakistan, with a difference of 30 billion USD, indicates a need for careful examination of related transactions [11] Group 3: Infrastructure and Projects - The first review meeting after the 14th meeting of the China-Pakistan Economic Corridor Joint Cooperation Committee was held, focusing on the progress of the second phase of the corridor and the preparation of new projects [10]

Core Viewpoint - The SK Hydropower Station in Pakistan has successfully completed its first year of commercial operation, significantly contributing to the country's energy transition and the China-Pakistan Economic Corridor [1][3]. Group 1: Project Overview - The SK Hydropower Station, located on the Kunhar River in the Mansehra region of Khyber Pakhtunkhwa, is approximately 250 kilometers from Islamabad and is a key project under the China-Pakistan Economic Corridor [1]. - Since its commencement in January 2017, the project has adhered to strict production standards and established a comprehensive safety management system, achieving a safety operation goal of "zero accidents, zero losses" [1]. - To date, the SK Hydropower Station has delivered a total of 2.8 billion kilowatt-hours of clean electricity to Pakistan, serving as a "power source," "stabilizer" for energy supply, and a "new engine" for green development [1]. Group 2: Social and Environmental Impact - During the peak construction phase, the project created over 6,000 direct jobs and continues to provide more than 100 stable jobs post-commercial operation [2]. - The project has engaged in tree planting initiatives for seven consecutive years, planting over 150,000 trees [2]. - A 5,000 square meter trout hatchery has been built and handed over to maintain ecological balance in the river basin, alongside the development of a viewing platform to enhance local tourism [2]. Group 3: Government Support and Future Prospects - The Pakistani Minister for Planning, Iqbal, praised the operational achievements of the SK Hydropower Station, highlighting its role in delivering clean energy, optimizing energy structure, and enhancing national energy security [3]. - The government of Pakistan is committed to supporting the development of the SK Hydropower Station and will continue to strengthen safety measures and promote deeper cooperation [3]. - As the China-Pakistan Economic Corridor enters a phase of high-quality development, cooperation in the clean energy sector is expanding, with the SK Hydropower Station exemplifying successful collaboration [4].

Core Viewpoint - The global governance initiative aims to promote a fairer global governance system and envisions a harmonious world for collective progress [1] Group 1: Bilateral Relations - The friendship between Pakistan and China is seen as a foundation for mutual development and regional progress [1] - The China-Pakistan Economic Corridor (CPEC) is highlighted as a significant project that has advanced Pakistan's infrastructure development [1] Group 2: Economic Development - Gwadar Port has transformed from a quiet fishing port into a vibrant trade hub, acting as a catalyst for regional economic activities [1] - The ongoing cooperation between Pakistan and China is showcased through the successful outcomes of projects like Gwadar Port [1]

Core Insights - The SK Hydropower Station in Pakistan has successfully delivered 2.8 billion kilowatt-hours of clean electricity since its commercial operation began on September 14, 2024, marking its first anniversary [1][3] - The project is recognized as a key initiative within the China-Pakistan Economic Corridor, contributing significantly to Pakistan's energy security and reducing reliance on traditional energy sources [3][5] Group 1 - The SK Hydropower Station is the largest hydropower project constructed by China Energy Engineering Corporation overseas and is celebrated as a "green pearl" of the China-Pakistan Economic Corridor [1][3] - The project has established a comprehensive safety management system, achieving a safety goal of "zero accidents, zero losses" during its first year of operation [5] - The hydropower station has created over 6,000 jobs during its construction and continues to provide more than 100 stable employment opportunities during its operational phase [5] Group 2 - The project has actively engaged in social responsibility initiatives, including planting over 150,000 trees, establishing a trout hatchery, and supporting local education and disaster relief efforts [5] - The Pakistani government has recognized the station as an "excellent taxpayer unit," highlighting its contributions to the local economy and community [5] - The project is seen as a vital component in strengthening the China-Pakistan partnership and enhancing cooperation in clean energy development [3][5]

Core Insights - The meeting between the President of Pakistan, Asif Ali Zardari, and Shanghai Electric Group aims to promote the construction of the China-Pakistan Economic Corridor and deepen cooperation in the energy equipment sector [1] - Shanghai Electric signed a memorandum of cooperation with Pakistani enterprises to explore further comprehensive utilization of Thar coal, indicating a significant advancement in energy collaboration between the two parties [1] Company Developments - Shanghai Electric is actively engaging in international partnerships to enhance its role in the energy sector, particularly in relation to the China-Pakistan Economic Corridor [1] - The cooperation with Pakistani companies on Thar coal utilization reflects Shanghai Electric's commitment to expanding its energy solutions and capabilities in the region [1]

Core Viewpoint - The successful operation of the Suji Ginar Hydropower Station in Pakistan marks a significant milestone in the China-Pakistan Economic Corridor, contributing to clean energy production and enhancing energy security in Pakistan [1] Group 1: Project Overview - The Suji Ginar Hydropower Station is located in the Kunar River basin of Khyber Pakhtunkhwa, Pakistan, and is one of the first projects under the Belt and Road Initiative [1] - The hydropower station has achieved a safe operational goal of "zero accidents, zero losses" in its first year of commercial operation [1] - It has delivered a total of 2.8 billion kilowatt-hours of clean electricity to Pakistan [1] Group 2: Government and Diplomatic Support - The Pakistani Minister for Planning, Iqbal, emphasized the hydropower station's role in optimizing the energy structure and reducing reliance on traditional energy sources [1] - The Pakistani government is committed to supporting the development of the hydropower station and enhancing safety measures [1] - The Chinese Embassy's Chargé d'Affaires, Shi Yuanqiang, highlighted the project as a benchmark for the China-Pakistan Economic Corridor, providing significant support for the construction of a closer China-Pakistan community of shared future [1]

Core Insights - The Luban Workshop, named after the famous ancient Chinese craftsman, is a prominent vocational education brand initiated in Tianjin, with 34 workshops established in 30 countries globally, including 10 in Shanghai Cooperation Organization (SCO) member states, providing education to over 30,000 students and training more than 110,000 individuals abroad [1][4]. Group 1: Luban Workshop Overview - The Luban Workshop has become a model for vocational education cooperation between China and SCO countries, attracting more foreign students to learn advanced technologies in China [1][4]. - The Pakistan Luban Workshop, established in collaboration with Tianjin Modern Vocational Technology College, focuses on electrical automation and mechatronics, contributing to the local talent pool for the China-Pakistan Economic Corridor [4][7]. Group 2: Student Experiences and Opportunities - Students like Umar from Pakistan have significantly improved their technical skills through hands-on training with advanced equipment in automation, robotics, and smart warehousing [3][4]. - The Pakistan Luban Workshop has trained thousands of local youth, and the college is preparing new courses in various fields, including traditional Chinese medicine and rail transportation [7][9]. Group 3: Impact of SCO on Trade and Collaboration - The SCO facilitates better cooperation and exchange between Pakistan and China, providing more opportunities for young people and supporting infrastructure projects like rail transportation in Pakistan [14][16]. - The trade benefits from the SCO are tangible, with Pakistani products like agricultural goods and textiles gaining access to international markets, enhancing job prospects for the youth [16].

Group 1: Economic Corridor Development - The China-Pakistan Economic Corridor (CPEC) has achieved significant results with investments exceeding $25 billion in transportation, infrastructure, and energy sectors, laying a solid foundation for Pakistan's economic growth [1] - The second phase of CPEC focuses on industrialization, agriculture, ICT, mining, and other technology-related fields, aiming to create more job opportunities and promote inter-enterprise cooperation [1][2] - Pakistan is recognized as a key hub connecting South Asia, Central Asia, and the Middle East, with CPEC at the center of bilateral economic cooperation [2] Group 2: Bilateral Trade and Investment - China has been Pakistan's largest trading partner for ten consecutive years, being the top source of imports and the second-largest export destination for Pakistan [2] - A high-profile B2B meeting is scheduled during the upcoming visit of Pakistan's Prime Minister, with over 500 companies expected to participate, aiming to enhance cooperation in agriculture, food processing, and textiles [2] Group 3: Mango Diplomacy and Agricultural Cooperation - The first Pakistan Mango Festival was held in China, highlighting mangoes as a cultural symbol and a key agricultural export, with 2023 exports to China reaching 115,000 tons valued at $80 million [3][5] - The mangoes' unique quality is attributed to their cultivation in high temperatures and historical agricultural practices, making them a significant export product for Pakistan [3][5] - There are plans to double mango exports to China within five years, increasing the volume to 230,000 tons and the value to at least $160 million [6] Group 4: Logistics and Transportation - China Southern Airlines has increased flights between China and Pakistan, with approximately 16 weekly flights facilitating passenger and cargo transport, enhancing trade and cooperation [7] - The establishment of cold chain logistics has significantly reduced transportation time for mangoes by 50%, improving their marketability in China [3][5] Group 5: Future Prospects in Agriculture - There is a strong emphasis on agricultural technology cooperation, with potential collaborations in seed development, pest control, and AI integration in farming practices [6] - Pakistan is looking to expand its agricultural exports to China, including dried fruits and corn, tapping into China's significant market demand [6]