News Roundup 12 October 2018

United States Holds Chinese Debt Responsible for Pakistan’s Current Financial Crisis

US State Department spokesman Heather Nauert told press that US had showed concern about Chinese debt a few month ago too. She said Pakistan did not know that this debt will be that tough to bail out from.

Azerbaijan offers $100m to Pakistan for Purchase of Petroleum Products To Help Ease Its Financial Crisis

Pakistan has sought help from IMF and other friendly countries. This offer will remove some pressure from the government. Azerbaijan has made this offer without any sovereign guarantees.

IMF Asks Pakistan’s ‘Complete Transparency’ Regarding Size, Nature and Terms of debt Its Bearing

US has alleged China for giving unaffordable debt to developing countries. It ruins the economy of those countries as result. The bailout package of IMF will be decided on the basis of Pakistan’s debt sustainability.

"We need to know where that money went and what projects it was used in," Imran Khan Asks in Financial Analysis Meeting

PM Imran Khan calls a financial meeting to analyze how the debt increased to Rs30 lakh crore in 10 years. He said “we have been forced to take loans to pay off the loans that they [the previous governments] took. At least we should know where those loans went,"

Ahmadi Muslims are Afraid of the Growing Religious Intolerance in Pakistan for Them

This fear has rose in Ahmadi community after protests held by Islamic conservative parties against Atif Mian (Ahmadi muslim Economist) who was appointed for a prominent post in parliament. But later he was removed from Economic Advisory Council because nationwide protests.

Japan Fest 2018 in Karachi Held in Karachi to Celebrate Japan-Pak Relationship

It was a colorful and entertaining cultural event organized by the Consulate-General of Japan in Karachi. Prominent dignitaries from foreign embassies were present. Songs, performances, food tasting contests were held.

“Pakistan is against Arms Race In Region” Dr Muhammad Faisal the FO Spokesman Briefed the Media In Meeting

However, he did mention that there should be balance of power in the region. He added, Pakistani army is capable to answer any aggression. But Pakistan is against the arm race in the region.

Pakistan has not Scheduled Any more Peace Talks meeting with India after UN Assembly Incident

The foreign ministers of India and Pakistan will come under same roof in upcoming Shanghai Cooperation Organization summit. The FO spokesman made it clear this time Pakistan will avoid occurring of any such event as of UN general assembly meeting.

Pakistan and China are both Agreed on Welcoming Third Party Investment CPEC Project: FO Spokesman

This rumor of Chinese Government concern regarding Saudi investment in CPEC was denied by both China and Pakistan. In fact, both the countries cleared the wrong speculations and stated that they appreciate the investment in some projects.

US- Pakistan Has Been Engaging More Than Before In Matters Of Mutual Concerns after The Election Of New Government: FO Spokesman

The arrival of Zalmay Khalidzad in Pakistan and previously FM Shah Mehmood Qureshi’s visit to US have cleared the air and speculations of straining ties between US and Pakistan: The FO spokesman briefed the media.