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Showing posts from May 12, 2019

Baloch group warns China against its presence in the region

ANI | May 12, 2019, 21:32 IST BLA claimed the attack on the Pearl Continental Hotel in Gwadar last week (AFP) GWADAR, PAKISTAN: A day after claiming the responsibility for the attack on the iconic Pearl Continental Hotel here, the  Balochistan Liberation Army  (BLA) released a video message on Sunday. In the four-minute long video, the BLA militants are heard warning China stop "aiding Pakistan to brutally suppress Baloch civilians." The video was posted at " Baloch youth has time and again warned China to immediately stop its exploitation of Baloch land. But China has failed to take notice of our genuine concerns. China is using Baloch land to further its evil designs and in doing so it is aiding Pakistan to brutally suppress Baloch civilians." The BLA militants claimed that scores of families in Balochistan have " suffered at the hands of Pakistan military" due to China's ambitious infrastructure project- China-Pakistan Economic C

Pakistan, IMF strike $6 billion deal: Hafeez Shaikh

By  our correspondent  May.12,2019 Staff level agreement on economic policies could be supported by a 39-month Extended Fund Arrangement ISLAMABAD:  The government has struck a deal with the International Monetary Fund (IMF) on a bailout package for about $6 billion over the next three years to meet foreign debt obligations, PM’s Adviser on Finance Dr Abdul Hafeez Shaikh announced on Sunday. Foreign loans have exceeded $90 billion, and exports have registered a negative growth over the past five years, sheikh said while speaking to state-run Pakistan Television (PTV). “So Pakistan will get $6 billion from the IMF, and in addition we will get $2 to $3 billion from the World Bank and Asian Development Bank in next three years,” he said. “The trade deficit reaches $20 billion and our foreign exchange reserves dipped by 50 per cent in past two years. So we have a $12 billion gap in our annual payments and we don’t have capacity to pay them,” the senior official said. A government

China reveals Arctic geopolitics to be above Pompeo’s pay grade

by  Mia Bennett “China, strictly speaking, is a near-polar country.” So remarked Wang Hong, administrator for the State Oceanic Administration of the Chinese Ministry of Natural Resources, during the opening speeches for the Arctic Circle Forum, an international Arctic development conference that kicked off today in Shanghai. A casual observer who wandered into the brightly lit dome-shaped auditorium in the city’s Science and Technology Museum might have found it hard to understand why discussions about the edges of the Earth had any reason to take place on China’s coastline. Yet as former Icelandic President Olafur Ragnar Grimssón made clear: “The security of Shanghai in the future will be determined in the Arctic.” Former Icelandic President Olafur Ragnar Grimssón, Arctic Circle China Forum Sea level rise poses a major threat to Shanghai – a city declared by British and Dutch scientists in a 2012 study in the journal  Natural Hazards  to be the world’s major city most vulnera

Trade talks break up with no deal — a new era of strategic separatism? —Jeremy Goldkorn, Editor-in-Chief 309 days after the first Trump tariffs kicked in on July 6, 2018, the AP  reports : Trade talks between the U.S. and China broke up Friday [May 10] with no apparent agreement, and President Donald Trump asserted that there was "no need to rush" to get a deal between the world's two biggest economies. Hours earlier, the Trump administration hiked tariffs on $200 billion worth of Chinese imports to 25 percent from 10 percent, escalating tensions between Beijing and Washington. China's Commerce Ministry said it would impose "necessary countermeasures" but gave no details. What’s next? Who knows?  The New York Times  says  (porous paywall) that China is “defiant but careful,” and promises an “aggressive response” to the new tariffs. It’s going to be a busy weekend in Beijing. Instead of reading analysis of what went wrong this week, the essential read this weekend on U.S.-China tensions is  this Financial T

Pakistani forces comb hotel a day after raid kills at least five

Gul Yousafzai QUETTA, Pakistan (Reuters) - Pakistani security forces searched a luxury hotel in the port city of Gwadar on Sunday a day after separatist insurgents stormed in, killing at least five people, in what the militants said was a strike against Chinese and other foreign investors. FILE PHOTO: A general view of the Pearl Continental (PC) hotel in Gwadar, Pakistan April 11, 2017. REUTERS/Akhtar Soomro Officials said at least four gunmen raided the five-star Pearl Continental Hotel, but police on Sunday declined to say if any of the attackers had been captured or killed. Senior police official Rao Munir Ahmed Zia told Reuters three of the hotel’s four floors had been cleared and security forces were searching the top floor some 20 hours after the attack began. Intermittent firing could still be heard from the hotel on Sunday afternoon, Gwadar resident Abdur Rahim Baloch told Reuters. ADVERTISEMENT The Balochistan Liberation Army insurgent group, which says it is fighting