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Showing posts from June 17, 2019

akistani women sold in marriage, then prostitution in China

Natasha was one of hundreds of Pakistani girls who have been married off to Chinese men in return for cash payments to their families, most of them Christians, a community that is among the poorest of the poor in the country.

In this May 14, 2019, Pakistani Christian Natasha Masih, speaks to the Associated Press in Faisalabad, Pakistan. Natasha begged her mother to bring her home from China, but it took an elaborate scheme devised by a small cabal of Christian men in her hometown of Faisalabad, in Pakistan's Punjab province, to orchestrate her escape from what began as an unhappy marriage, and ended in prostitution. (Photo: AP)Updated: Jun 17, 2019 17:21 ISTBy Associated Press, FaisalabadAt first, in her desperate calls home to her mother in Pakistan, Natasha Masih couldn’t bring herself to say what they were doing to her.All the 19-year-old would say was that her new husband — a Chinese man her family sold her off to in marriage — was torturing her. Eventually she broke down and t…

ADB distances itself from Pakistan's 'premature' claim of $3.4 billion loan

The US has serious reservations over global lenders like the IMF providing a bailout to Pakistan to pay off Chinese debts.By PTI | Jun 17, 2019, 11.43 AM ISTAgenciesADB confirmed the meetings with the government members and discussions on loans.In a huge embarrassment for the Pakistan government, the ADB has distanced itself from the "premature announcement" of Prime Minister Imran Khan's adviser that the global lender would provide a loan of USD 3.4 billion to the cash-strapped nation, saying "discussions are ongoing".The rare rebuff by the Philippines-headquartered institution came a day after Khan's adviser on finance Abdul Hafeez Shaikh and Federal Minister for Planning, Development and Reforms Khusro Bakhtiar announced that the country would get a loan of USD 3.4 billion for budgetary support, out of which USD 2.1 billion would be released within a year.The Asian Development Bank (ADB's) stance taking the rare step on a public holiday to issue a st…

Pakistan slashes annual funding for Belt and Road projects

Pakistan slashes annual funding for Belt and Road projectsNikki AsiaGovernment struggles to balance finances under IMF bailout programADNAN AAMIR, Contributing writerJUNE 17, 2019 18:37 JSTCuts to annual budgets for China-linked infrastructure projects in Pakistan come as Beijing seeks to encourage a more sustainable approach.   © ReutersQUETTA, Pakistan -- Pakistan, a leading showcase for China's Belt and Road Initiative program of infrastructure development, will slash spending on BRI-related projects over the coming year as the government struggles to balance its finances.With its foreign reserves dwindling, Pakistan signed a staff-level bailout agreement with the International Monetary Fund in May under which it will receive $6 billion in support but will submit to strict fiscal discipline for 39 months.Despite this constraint, overall spending for the fiscal year beginning July 1 is set to rise 39% under the budget plan unveiled by the government last week.BRI projects, howev…