AIRLINK 65.90 Decreased By ▼ -0.90 (-1.35%)
BOP 5.69 Increased By ▲ 0.02 (0.35%)
CNERGY 4.65 Increased By ▲ 0.02 (0.43%)
DFML 22.85 Increased By ▲ 0.53 (2.37%)
DGKC 70.70 Increased By ▲ 0.94 (1.35%)
FCCL 20.35 Increased By ▲ 0.73 (3.72%)
FFBL 29.11 Decreased By ▼ -1.09 (-3.61%)
FFL 9.93 Increased By ▲ 0.03 (0.3%)
GGL 10.08 Increased By ▲ 0.03 (0.3%)
HBL 115.25 Decreased By ▼ -0.45 (-0.39%)
HUBC 129.50 Decreased By ▼ -1.01 (-0.77%)
HUMNL 6.70 Decreased By ▼ -0.04 (-0.59%)
KEL 4.38 Increased By ▲ 0.03 (0.69%)
KOSM 5.02 Increased By ▲ 0.22 (4.58%)
MLCF 36.96 Decreased By ▼ -0.23 (-0.62%)
OGDC 131.20 Decreased By ▼ -2.35 (-1.76%)
PAEL 22.48 Decreased By ▼ -0.12 (-0.53%)
PIAA 26.30 Decreased By ▼ -0.40 (-1.5%)
PIBTL 6.53 Increased By ▲ 0.28 (4.48%)
PPL 112.12 Decreased By ▼ -1.83 (-1.61%)
PRL 28.39 Increased By ▲ 1.24 (4.57%)
PTC 16.11 Decreased By ▼ -0.02 (-0.12%)
SEARL 58.29 Decreased By ▼ -1.41 (-2.36%)
SNGP 65.69 Decreased By ▼ -0.81 (-1.22%)
SSGC 11.02 Decreased By ▼ -0.19 (-1.69%)
TELE 8.94 No Change ▼ 0.00 (0%)
TPLP 11.53 Increased By ▲ 0.19 (1.68%)
TRG 69.24 Decreased By ▼ -0.12 (-0.17%)
UNITY 23.95 Increased By ▲ 0.50 (2.13%)
WTL 1.35 Decreased By ▼ -0.01 (-0.74%)
BR100 7,304 Decreased By -13.1 (-0.18%)
BR30 23,950 Decreased By -155.6 (-0.65%)
KSE100 70,333 Decreased By -150.3 (-0.21%)
KSE30 23,121 Decreased By -82 (-0.35%)

BEIJING: China Saturday said it welcomed North Korea's decision to halt nuclear tests and intercontinental missile launches, with Pyongyang's chief ally saying the move would help promote denuclearisation in the flashpoint region.

"China believes the decision to stop nuclear tests and focus on developing the economy and improving people's living standards will help further ease the situation on the Korean peninsula and help to promote the process of denuclearization and attempts to find a political settlement," Chinese foreign ministry spokesman Lu Kang said in a statement.

"China will support North Korea ... (to engage in) dialogue and consultation with the relevant parties."

The surprise announcement comes less than a week before the North Korean leader Kim Jong Un meets South Korean President Moon Jae-in for a summit in the Demilitarised Zone that divides the peninsula, ahead of an eagerly-awaited encounter with US President Donald Trump.

However, Kim gave no indication Pyongyang might be willing to give up its nuclear weapons, or the missiles with which it can reach the mainland United States.

For years, the impoverished North has pursued a "byungjin" policy of "simultaneous development" of both the military and the economy.

But the leader said that now North Korea was a powerful state, "the whole party and country" should concentrate on "socialist economic construction".

Copyright AFP (Agence France-Press), 2018

Comments

Comments are closed.