BR100 Decreased By (-0.08%)
BR30 Decreased By (-0.07%)
KSE100 Increased By (0.09%)
KSE30 Increased By (0.07%)
AGHA 6.49 Increased By ▲ 0.17 (2.69%)
BECO 4.39 Increased By ▲ 0.12 (2.81%)
BML 62.10 Decreased By ▼ -0.35 (-0.56%)
BOP 31.29 Increased By ▲ 0.06 (0.19%)
CNERGY 11.74 Increased By ▲ 0.15 (1.29%)
CSIL 6.00 Increased By ▲ 0.28 (4.9%)
FCCL 60.80 Decreased By ▼ -0.74 (-1.2%)
FFL 14.90 Decreased By ▼ -0.12 (-0.8%)
FNEL 1.24 Increased By ▲ 0.01 (0.81%)
KEL 6.28 Increased By ▲ 0.02 (0.32%)
KOSM 5.73 Increased By ▲ 0.17 (3.06%)
LOTCHEM 24.82 Increased By ▲ 0.14 (0.57%)
MLCF 103.20 Decreased By ▼ -0.88 (-0.85%)
NBP 174.51 Decreased By ▼ -0.77 (-0.44%)
NCPL 52.97 Increased By ▲ 0.20 (0.38%)
NPL 54.60 Increased By ▲ 0.48 (0.89%)
OGDC 313.48 Increased By ▲ 0.09 (0.03%)
PACE 9.25 Increased By ▲ 0.05 (0.54%)
PAEL 35.51 Decreased By ▼ -0.29 (-0.81%)
PIBTL 13.65 Increased By ▲ 0.18 (1.34%)
PPL 221.35 Decreased By ▼ -0.46 (-0.21%)
PRL 80.70 Increased By ▲ 1.62 (2.05%)
PTC 46.97 Increased By ▲ 0.12 (0.26%)
SSGC 24.03 Increased By ▲ 0.16 (0.67%)
TBL 9.25 Decreased By ▼ -0.06 (-0.64%)
TELE 7.41 Increased By ▲ 0.02 (0.27%)
TPL 24.87 Decreased By ▼ -0.24 (-0.96%)
TPLP 12.91 Increased By ▲ 0.40 (3.2%)
TREET 26.05 Decreased By ▼ -0.20 (-0.76%)
TRG 53.97 Increased By ▲ 0.53 (0.99%)
By

SEOUL: North Korea’s leader Kim Jong Un admitted that “almost all sectors” had fallen short of their economic targets as he opened a rare congress of the ruling Workers’ Party, state media reported Wednesday.

The gathering is the first of its kind in five years, only the eighth in the nuclear-armed country’s history, and comes weeks before US President-elect Joe Biden takes office.

Relations with Washington have been deadlocked since talks between Kim and President Donald Trump stalled over sanctions relief and what Pyongyang would be willing to give up in return.

At the same time, North Korea is more isolated than ever after closing its borders last January to protect itself against the coronavirus that first emerged in neighbour and key ally China.

The congress opened on Tuesday in the capital Pyongyang, the official Korean Central News Agency (KCNA) reported.

Footage on state television showed 7,000 delegates and attendees packed into the cavernous hall — none of them wearing masks — rising as one to applaud Kim as he entered.

On the first day of his work review, Kim said that under the last five-year economic plan, “almost all sectors fell a long way short of the set objectives”.

The strategy was quietly scrapped ahead of schedule last year. The congress would comprehensively analyse “the experiences, lessons and mistakes we have made during the period under review”, added Kim, who wore a black suit and a lapel badge of his father and grandfather.

Copyright Business Recorder, 2021

Comments

Comments are closed for this article.