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Saudi Arabia tells Pakistan: No more easy money
Saudi Arabia and the IMF are both demanding economic reforms from Pakistan, with the kingdom no longer prepared to bailout Islamabad Saudi Arabia‘s decision to refuse to provide any further bailouts or interest-free loans to Pakistan has left the government in Islamabad in shock and has prompted the finance minister to complain that even friendly countries aren’t keen on helping Pakistan out of its economic emergency. Pakistan is in dire need of sustained US dollar inflows to avoid defaulting on nearly $80bn of international loan repayments over the next three and a half years. The country is currently sitting on just $3bn in foreign exchange reserves. Pakistan is also locked in difficult negotiations with the International Monetary Fund (IMF) over its 13th bailout package since the 1980s. SAUDI ARABIA IS ON A DIFFERENT COURSE NOW. THEY’VE RESET THEIR RELATIONSHIP WITH OTHER COUNTRIES…’– KAMAL ALAM, ATLANTIC COUNCIL If an agreement isn’t struck soon, Pakistan will find it increasingly difficult to secure international loans, as its credit rating has been downgraded to junk. Analysts privy to recent developments have told Middle East Eye that Saudi Arabia has conditioned fresh interest-bearing loans and investment on Pakistan implementing strict monetary and fiscal reforms along with a drastic reduction in its current account deficit – conditions similar to those set by the IMF. Umar Karim, associate fellow at the King Faisal Center for Research and Islamic Studies, said Pakistani authorities are in a state of shock. “While previously Saudi Arabia and other Gulf countries would bail Pakistan out off the back of a phone call from the foreign minister or the prime minister, this time around they are really being put through the mill,” Karim told MEE. It is believed that on a recent trip, even the Pakistani military chief couldn’t convince Saudi Crown Prince Mohammed bin Salman to release emergency funding for the country. Karim believes this sets a new precedent....
Taliban CT Efforts and Commitments Ineffective So Far
At the multilateral meeting, that took place in Tashkent last week, representatives discussed Afghanistan and expressed concern regarding the growing presence of terrorist elements on Afghan soil. It seems that the international demand from the de facto government to eliminate terrorists is unanimous and undisputed. Will the Taliban listen and act accordingly? Senior diplomats from China, Iran, Pakistan, Tajikistan, Uzbekistan, Turkmenistan, and Russia gathered in Tashkent last week to discuss the situation in Afghanistan. “The participants, pointing out that all terrorist groups based in Afghanistan continue to pose a serious threat to regional and international security, strongly called on the current de facto Afghan authorities to take more effective measures to eliminate terrorist groups in the country,” read a statement from the Uzbek Ministry of Foreign Affairs. Russia, China, and Iran seem to share Washington’s concerns about the threat of terrorism coming from Afghanistan despite their obvious differences with the United States on many topics. They also urge the de facto Taliban authority to keep its counterterrorism commitments. “Even though the Taliban committed not to host terrorists that wish other countries harm and not to allow training or recruiting or fundraising in their territory, all of that is happening,” says Thomas West, U.S. special representative for Afghanistan. In its April 2022 report, the UN team that monitors the Taliban said the group “remains close” with al-Qaeda and that “al-Qaeda has a safe haven under the Taliban and increased freedom of action.” Al-Qaeda chief Ayman al-Zawahiri was, indeed, assassinated in Kabul by a U.S. drone strike in August. Several al-Qaeda commanders are reportedly based there, and reports have stated that Zawahiri was residing in the residence of a Taliban ally. Al-Qaeda is probably using Afghanistan as a “friendly environment” to recruit, train, and raise money, according to a UN investigation, even if...
President Xi Jinping vows to build Chinese military into a “Great Wall of steel”
Speaking for the first time in his precedent-breaking third term as head of state, Xi called for China to step up its ability to safeguard national security and manage public security. “Security is the foundation for development, stability is the prerequisite for prosperity,” he said at the closing of the annual parliament session. President Xi Jinping on Monday vowed to build China‘s military into a “Great Wall of steel” to protect the its sovereignty and developmental interests as he sought a bigger role for Beijing in global affairs, days after brokering a Saudi Arabia-Iran detente, regarded as a diplomatic coup. Speaking for the first time since the rubber-stamp Parliament last week approved his precedent-breaking third term as head of state, Xi called on the nation to uphold the leadership of the ruling Communist Party of China (CPC) headed by him. “This is my third time assuming the lofty office of president,” Xi, 69, said at the closing ceremony of China’s national legislature, adding that “the trust of the people is the biggest driving force for me to move forward, and it is also a heavy responsibility on my shoulders”. He pledged that he would “faithfully perform the duties entrusted by the Constitution” and would “never let down the great trust” of all Chinese people. “Security is the bedrock of development, while stability is a prerequisite for prosperity,” Xi said Xi also called for efforts to advance the modernisation of China’s defence forces and build the people’s armed forces into a “Great Wall of steel” that is capable of effectively safeguarding national sovereignty, security and development interests. Xi’s reference to the Great Wall was significant as the mammoth structure, with a total length of more than 20,000 km, was built over centuries by China’s emperors to protect their territory. It also came amidst growing tensions between China and the US and some neighbouring countries. Xi is regarded as the ‘core leader’ of the party very much like...
South Asia has Worst GTI Score in 2022
Violent conflict remains the primary driver of terrorism, with over 88 per cent of attacks and 98 per cent of terrorism deaths in 2022 taking place in countries in conflict. All ten countries most impacted by terrorism were also involved in an armed conflict. Terrorism was widespread in Afghanistan with terrorist incidents recorded in 26 out of 34 provinces. While in Pakistan, terrorism-related deaths attributed to BLA are now at their highest level in the last two decades, with 233 deaths recorded in 2022. This is a nine fold increase compared to the 26 deaths recorded in 2021. The tenth edition of Global Terrorism Index (GTI) offers a thorough overview of the most important global trends and patterns in terrorism over the previous ten years. The GTI score is calculated by weighting incidents, hostage situations, and terrorist-related deaths during a five-year period. Deaths from terrorism decreased by 9% in 2022 to 6,701 deaths, which is 38% less than the peak in 2015. Attacks decreased by almost 28% from 5,463 in 2021 to 3,955 in 2022, mirroring the decline in fatalities, which fell by a similar percentage. South Asia remains the region with the worst average GTI score in 2022. There were 1,354 terrorist deaths throughout the region, a 30% drop from the year before. Both the newly formed National Resistance Front (NRF) and the IS Khorasan chapter constitute a severe threat to Afghanistan. In 2022, Afghanistan and Pakistan were still among the top ten nations afflicted by terrorism. In Pakistan, the number of fatalities increased considerably from 292 in 2021 to 643, an increase of 120%. The BLA, the world's fastest-growing terrorist organisation, was responsible for one-third of these fatalities in Pakistan, a ninefold rise from the previous year. Nonetheless, the number of terrorist deaths would have climbed by 4% if Afghanistan hadn't been included in the index. Despite a decline in terrorist attacks and fatalities of 75% and 58%, respectively,...
China’s Big Week: Xi’s Third Time & Saudi-Iran Deal
Xi marks third term as President of China securing his position as one of the most powerful leaders in history. Meanwhile, China’s efforts to mediate peace talks between Saudi Arabia and Iran were successful as both countries agree to restore ties. On 10th March 2023, Chinese President Xi Jinping at Beijing’s Great Hall of the People received the formal endorsement of continuing his third term as the leader. He received a standing ovation after receiving 2,952 unanimous votes. Given that his reappointment was announced last fall, this came as a formality, but it is nonetheless an incredible accomplishment. It bolsters his authority and secures his position as the most powerful state leader of communist China since Mao Zedong. Almost half of the 26 officials appointed to the cabinet have been in the position since 2021 or earlier. (Data compiled by Bloomberg News). The only two new bureaucrats introduced over the weekend at the National People’s Congress were Li Shangfu, the defense minister, and Zheng Shanjie, head of the economic planning agency. On the same day (10th March 2023), China’s efforts to mediate a conversation to mend ties between Saudi Arabia and Iran were successful. Yet, before this revelation, nothing was known about China’s role as a facilitator in resolving protracted disputes between the two nations. Soon after, pictures surfaced of the Secretary of the Supreme National Security Council of Iran shaking hands with Saudi National Security Advisor, Musaad bin Mohammed al-Aiban, with Wang Yi, China’s Foreign Minister standing in the middle. Wang reportedly said China continues to play its part as a host in handling geo-political issues and take responsibility as a nation for any help it can offer with the current situation. As a “good-faith” and “reliable” mediator, China has fulfilled its duties as a host for dialogue, Wang further added. Relations between the two countries have been severed since 2006 when there was a conflict between Israel and...
Announcement-Board of Advisors
CRSS is pleased to announce its new members of advisory board: Mr. Noaman Abdul Majid (Development Finance Advisor), Barrister Hassan Aslam Shad (Corporate and International Jurist), Dr. Masood Jogezai (Health System Specialist), Dr. Najam Khurshid (Environment, Development, Sustainability, and Resilience Advisor), and Dr. Salma Malik (Assistant Professor at the Department of Defence and Strategic Studies, Quaid-e-Azam University). Mr. Syed Hasaini (Agricultural Development Economist), and Mr. Mohammad Nafees (Engineer and Process Evaluations Expert), will continue their advisory services for the Center. CRSS team welcomes all of them and looks forward to benefiting from the immense expertise, wisdom and guidance in the CRSS journey of counter-radicalization, cross-border people-to-people contacts, and economic connectivity dialogues.
Two-day U.S.-Pakistan Counterterrorism Dialogue Concludes in Islamabad
Islamabad, March 7, 2023 – Senior officials of the United States and their Pakistani counterparts opened the Pakistan-U.S. Counterterrorism Dialogue on March 6 at the Pakistan Ministry of Foreign Affairs in Islamabad. The two-day policy-focused meeting was chaired by the U.S. Department of State Acting Coordinator for Counterterrorism Christopher Landberg and Pakistan’s Ministry of Foreign Affairs Additional Secretary for the UN and Economic Diplomacy Syed Haider Shah. The Dialogue provided an opportunity to discuss the counterterrorism landscape in Pakistan and the broader region, with a focus on areas where the United States and Pakistan can better collaborate to counter regional and global threats, improve cooperation, prevent and counter violent extremism, and combat terrorism financing. Both governments resolved to increase dialogue on these topics and continue discussing paths to restart or introduce counterterrorism programs to assist Pakistan’s efforts to better counter all forms of violent extremism. The Counterterrorism Dialogue underscores the deepening cooperation between the United States and Pakistan in a range of areas. These partnerships are being advanced through high-level bilateral meetings like the recently concluded Trade and Investment Framework (TIFA) Council Ministerial in Washington, DC, and the upcoming Strategic Energy Dialogue and Climate and Environment Working Group meetings in Pakistan. The Counterterrorism Dialogue is just one example of an ever-stronger bilateral relationship based on shared values and interests, and it reaffirms the United States’ and Pakistan’s shared determination to contribute to both regional and global security and stability.
China expected to focus on stabilizing relations with US
Greater communication, collaboration can ease tensions, experts say China is expected to place "significant importance" on stabilizing its relationship with the United States during this year's two sessions, a foreign policy expert in the US said, as other analysts called for improved dialogue between the two nations. The National People's Congress, China's top legislature, will hold its annual meeting on Sunday, while the meeting of the National Committee of the Chinese People's Political Consultative Conference, the country's top political advisory body, will take place on Saturday. Both meetings will be held in Beijing. The annual two sessions will unveil China's policies in areas including the economy, military, trade, diplomacy and the environment. China is expected to seek more constructive ties with the US, said Sourabh Gupta, a senior fellow at the Washington-based Institute for China-America Studies. "The first step toward making a constructive relationship is to stabilize that relationship," Gupta told China Daily. He said the administration of US President Joe Biden seems to be competing "very strongly and maybe unfairly" in the trade and technology fields, however, "in the broader US-China relationship, they want to add stability to it, and I should think China welcomes it". "I think the Chinese side values the fact that the White House is interested in not adding to the tensions but in trying to ameliorate those tensions and have a more stabilized relationship," he said. US-China relations had "derailed a little bit because of the balloon incident", Gupta said. On Feb 4, the US shot down an unmanned Chinese civilian airship, despite China's repeated explanations that its entry into US airspace was an unintended and isolated incident caused by force majeure. Gupta said he saw the incident as a passing phenomenon and a temporary setback to the relationship. "So, coming out of the two sessions, I foresee China placing, not overriding importance to the US...
Blinken offers to help Central Asian states reduce reliance on Russia
Secretary of State Antony Blinken on Tuesday promised US support for jittery Central Asian nations to reduce their reliance on Russia as he warned that any wavering on Ukraine could embolden Moscow elsewhere in the former Soviet bloc. Days after the anniversary of the Russian invasion, the top US diplomat met jointly with counterparts from all five Central Asian nations, where Moscow has long been the top power and magnet for workers, and where neighbouring China also has a growing influence. At the meeting in Kazakhstan’s icy, windswept capital Astana, Blinken announced $25 million in new funding, on top of $25m announced in September, to help Central Asia diversify trade away from Russia. The initiatives include English-language education, the development of electronic payment systems, and training for returned migrant workers. Meeting the foreign ministers of all five nations — Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan — Blinken said the United States backed their “sovereignty, independence and territorial integrity”. “I reaffirmed the United States’ unwavering support for Kazakhstan, like all nations, to freely determine its future, especially as we mark one year since Russia launched its full-scale invasion of Ukraine in a failed attempt to deny its people that very freedom,” Blinken told a news conference with his Kazakh counterpart. Blinken said while he had no information that Russia planned to expand its war beyond Ukraine, the invasion showed the need to build “strong, resilient societies” in Central Asia. “Had we failed to stand up in support of the principles that Russia was violating by invading Ukraine, that would have created, I think, a greater prospect that Russian aggression would point in other directions,” he said. On a day in the pre-planned capital, earlier known as Nur-Sultan, Blinken entered an imposing blue-domed palace to see President Qasym-Jomart Toqayev, who voiced “appreciation” for US backing of...
How is China moving from Brown to Green Projects: Lessons Learned
Matrix Report Recently a webinar in Pakistan on “The Need to Switch towards a Greener Future: Lessons from China” highlighted discussions by local and international climate experts and policy officials on China emerging as a global leader in renewable energy and green development and its renewable policy model, which could open up more vistas of investment in Pakistan. In 2015, on the occasion of COP, President Xi, while pledging carbon neutrality, committed that China would emerge as a leader in green development. And today, China is leading the world as a producer and investor in green technology and finance. The shift to green technology has created additional 54 million jobs globally so far, showing the immense multifaceted potential of green development. Below are the following lessons learned from China as a guide for Pakistan: China offers a leadership model from micro to meso-level, in managing resources efficiently and addressing the growing threats of environment and climate change, which Pakistan must learn from and include in its best practices. Agriculture and food security were crucial elements of green CPEC as CPEC was not restricted only to trade and energy. By developing renewable energy, Pakistan has enormous potential for green development, and Chinese businesses are also interested in investing in such projects there. However, it requires commitment, cooperation, and appropriate policy-making decisions. Green financing needs to be a mainstream economic and financial strategy in Pakistan, given that climate change is now a macro-economic danger rather than an environmental one (as demonstrated by the most recent floods). The Pakistan Energy Council underwent its first energy audit resulting in 35% less energy consumed. Hence, it is imperative to continuously conduct such audits to identify unproductive methods and boost energy efficiency. Pakistan was the first to receive cash flow from China under BRI’s energy projects aimed at wind and solar...
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I am also a member of National Assembly’s Standing Committee on Information and Broadcasting. Recently, we held a meeting with the Director General of Radio Pakistan and we told them to initiate such local programs (like Constituency Hour) in regional languages to educate and inform people. Even Indian Radio can be heard in FATA which is being used for propaganda purposes and must be closed. Therefore, we should launch some standard and quality programs like CRSS that will change the taste of the listeners.