Tag Archives: Oil

Neighborhood News Digest – 10 February 2023

Afghanistan
Putin Says Afghan Humanitarian Condition Has ‘Deteriorated’ – Tolo News

Russian President Vladmir Putin pointed out that the humanitarian situation in Afghanistan had deteriorated, with “four million” Afghans needing urgent emergency assistance. The fifth multilateral meeting of security envoys was held on Wednesday in Moscow. The meeting lasted for two days. Click here to read…

ISIL-K threatened to launch terrorist attacks against Indian embassy in Afghanistan: UN report – India Today

The ISIL-K have threatened to launch terrorist attacks against the embassies of India, Iran and China in Afghanistan and by targeting them, the terror group sought to undermine the relationship between the Taliban and the UN member states in the Central and South Asia region, according to a UN report. Click here to read…

$40 million in cash as humanitarian aid reaches Afghanistan – India Blooms

A fresh batch of $40 million in cash as humanitarian aid reached the cash-strapped and war-torn Afghanistan on Wednesday, Da Afghanistan Bank (DAB), the country’s central bank, said in a statement on Thursday. This is the second batch of cash as humanitarian aid arrived in Afghanistan since Jan. 14 as part of the international community’s support to help the economically impoverished country to enhance its foreign exchange reserve. Click here to read…

India-Russia to implement Strategic Partnership as country remains an important stakeholder in Afghanistan: NSA – Financial Express

Ahead of the G20 Foreign Ministers meeting in the first week of March, NSA Ajit Doval is on a two day visit to Moscow and called on President Vladimir Putin. He also participated in the 5th Multilateral Meeting of Secretaries of Security Councils/National Security Advisers on Afghanistan, he also called on President Vladimir Putin. Click here to read…

Bangladesh
PM seeks more Japanese investment in various sectors in Bangladesh – New Age

Prime minister Sheikh Hasina on Thursday called upon the Japanese investors to come up with robust investment in Bangladesh’s various sectors as Japan Bank for International Cooperation governor Nobumitsu Hayashi paid a courtesy call on her. ‘Japan is a trusted partner of Bangladesh,’ PM’s speechwriter M Nazrul Islam quoted her as saying while briefing the newsmen after the meeting at the premier’s official Ganabhaban residence in the city. Click here to read…

Saudi businesses interested to invest in Bangladesh – TBS

The businesses of Saudi Arabia is very much interested to invest in Bangladesh as a high-profile delegation of the Kingdom, led by Crown Prince of Saudi Arabia Muhammad bin Salman Al-Saud, would take part in the Bangladesh Business Summit in March next. Click here to read…

Sugar exports at 2.7 mn tonnes in FY23 so far; Bangladesh top market: AISTA – Business Standard

India has exported 27.83 lakh tonnes of sugar till February 9 of the ongoing 2022-23 marketing year, with Bangladesh and Indonesia being the top markets, trade body AISTA said on Thursday. The sugar marketing year runs from October to September. The government has allowed export of 60 lakh tonnes till May of the 2022-23 marketing year. According to AISTA, mills have exported a total of 27,83,536 tonnes of sugar from October 1, 2022 to February 9 this year. Click here to read…

Bhutan
RMA revises foreign exchange quota to limit misuse – Kuensel

To curb the thriving informal foreign exchange market, the Royal Monetary Authority (RMA), has revised the foreign exchange quota from February 6 this year. An official from the authority said that their study found an increase in the drawings of convertible currencies (USD) and Indian Rupee (INR) by travellers abroad. “The authority is doubtful of the misuse of the quota.” Click here to read…

Indo-Bhutan relationship touching new heights – The Sentinel

India and Bhutan’s relationship is climbing to a new height as New Delhi has been proactively supporting Bhutan in its efforts to establish a digital infrastructure, The Bhutan Live reported. On January 31, the Indian government announced its help for the development of Bhutan’s third international internet gateway. Click here to read…

Maldives
The Maldives: geopolitics of Chinese tourism – Lowy Institute

As 2023 kicks off with China reopening its borders, the Maldives is holding its breath in anticipation of a returning influx of Chinese tourists. But 2023 is also a presidential election year and like any other country, the Maldives is not immune to geopolitics. With a presidential election set for September, Maldivian candidates need to balance the economy and Beijing. Click here to read…

Myanmar
Anwar urges Thailand to step up on Myanmar crisis – Jakarta Post

Malaysia’s Prime Minister Anwar Ibrahim asked Thailand on Thursday to play a bigger role in bringing stability to coup-hit Myanmar, as diplomatic efforts to bring peace there flounder. Anwar held his first bilateral meeting with Thai Prime Minister Prayut Chan-O-Cha since the former won office late last year. The Thai government has faced international criticism for maintaining normalised ties with Myanmar’s junta and for downplaying alleged atrocities in its neighbour since the country was plunged into chaos following a putsch two years ago. “There’s very little we can do except to continue this so-called constructive engagement with the Myanmar junta,” Anwar told reporters. Click here to read…

Myanmar Junta: Rohingya Repatriations Planned – Irrawaddy

Myanmar’s junta says it is working to bring back Rohingya refugees who fled Rakhine State for Bangladesh following the military’s supposed counter-insurgency operations in 2017.Junta leaders, including International Cooperation Minister U Ko Ko Hlaing, Border Affairs Minister Lieutenant General Tun Tun Naung, Social Welfare, Relief and Resettlement Minister Dr. Thet Thet Khaing and Immigration and Population Minister U Myint Kyaing, visited Maungdaw on the Bangladesh border on Sunday and instructed the authorities to prepare transit camps for repatriation. Click here to read…

10 Myanmar migrant workers arrested in Manipur, India – BN

Regional police arrested 10 Myanmar nationals in Churachandpur District in the Indian state of Manipur. Manipur police arrested Myanmar handloom workers in Vaal area of New Lanka on February 5th. “Last night, the Manipur police raided the handloom factory and arrested about 10 people. Now, no one dares to stay in their own homes and hide in the forest,” said a Myanmar handloom worker in Manipur. Click here to read…

Nepal
Indian foreign secretary visiting Nepal on Monday – The Kathmandu Post

After two back-to-back visits from the United States in a short span of time, it now appears to be New Delhi’s turn to engage with the Pushpa Kamal Dahal-led government. Indian Foreign Secretary Vinay Mohan Kwatra is arriving in Kathmandu on Monday on a three-day official visit at the invitation of Foreign Secretary Bharat Raj Paudyal. Click here to read…

‘Political instability’: Nepal PM ‘Prachanda’ rules out review of Constitution – India Today

Nepal Prime Minister Pushpa Kamal Dahal “Prachanda” on Thursday ruled out the review of the country’s Constitution, warning that such a move may lead to “political instability.” Prachanda made these comments at an event organised here to present the preliminary findings of a study on electoral reforms in Nepal. Click here to read…

Biden now invites PM Prachanda for conference amid growing US-China rivalry in Nepal – India Narrative

The United States has invited Nepal’s Prime Minister Pushpa Kamal Dahal aka Prachanda to the Summit for Democracy to be hosted by President Joe Biden in late March. Samantha Power, administrator of the USAID, who paid a visit to Kathmandu on Tuesday and Wednesday, told a media briefing that Prachanda has been invited to the second Summit for Democracy which is taking place on March 29 and 30 both virtually and physically. Click here to read…

Pakistan
Pakistan, IMF fail to reach staff-level pact on bailout package: Report – Hindustan Times

The deadlock persists between Pakistan and International Monetary Fund as the two sides have failed to reach the staff-level agreement to unlock the USD 1.1 billion loan tranche after 10 days of “tough” talks, The News International reported. The development comes as negotiations, which took place between IMF and Pakistan from January 31 to February 9, concluded in Islamabad. The IMF’s mission had arrived in Islamabad to hold talks with Pakistani authorities. Click here to read…

Pakistan Skips Russia-hosted Multilateral Talks on Afghanistan – VOA News

Pakistan confirmed Thursday that it skipped this week’s Russia-hosted multilateral consultations on Afghanistan, suggesting there are other forums in which it can more effectively contribute to the Afghan peace process. Regional countries, including China, India, Iran, Tajikistan, Kazakhstan, Kyrgyzstan, Pakistan, and Uzbekistan were invited to Wednesday’s security adviser-level meeting in Moscow. Click here to read…

Fuel stations across Pakistan run dry as hoarding, black market sale takes over: Report – Times Now News

Only a few days back, reports of long ques at fuel stations in Pakistan came out indicating how fast the country’s economy was taking a tumble, and to make matter worse, fuel stations in the country are now reportedly shutting down after running out of fuel. Click here to read…

A safe decision? Pakistan to give travel passes to nationality holders in Afghanistan – Firstpost

Authorities in Pakistan’s North Waziristan have announced to issue special cards to Pakistani nationality holders staying in the border areas of Afghanistan in order to facilitate their hassle-free cross-border movement. This comes amid reports of massive spike in terror activities and smuggling of millions of dollars into Afghanistan from Pakistan on a daily basis. Click here to read…

Sri Lanka
IMF Insists on Creditor Assurances to Unlock $2.9 Billion Sri Lanka Bailout – Bloomberg

The International Monetary Fund said its approval for a $2.9 billion loan to bail out crisis-riddled Sri Lanka will depend on the island nation securing assurances on debt relief from its bilateral creditors. “Sri Lanka continues to engage with official bilateral creditors to obtain financing assurances and also continues to advance domestic reforms,” an IMF spokesperson said in a statement on the progress of its Extended Fund Facility to the South Asian nation. Click here to read…

In final stages of negotiations with IMF on bailout package: Sri Lanka President Wickremesinghe – The Print

President Ranil Wickremesinghe on Thursday said Sri Lanka was in the final stages of negotiations with the IMF on the much-awaited USD 2.9 billion bailout package that could help the debt-trapped island nation recover from the unprecedented economic crisis. Wickremesinghe also said that his government was having “direct discussions” with Beijing to restructure the country’s debts with China. Click here to read…

Japan asks Sri Lanka to make efforts to regain trust of Japanese companies – Daily Mirror

Japan stressed the need for Sri Lanka to make efforts to regain the trust of Japanese companies and to resolve the issues and concerns of Japanese companies in Sri Lanka for revitalization of their economic activities in Sri Lanka, according to the Japanese embassy in Colombo. Japanese State Minister of Foreign Affairs Takei Shunsuke who was in Sri Lanka to attend the Independence Day celebration made this point when he had talks with Foreign Minister Ali SabryClick here to read…

VIF Neighbourhood News Digest: September 29, 2022

Afghanistan
Potzel Expects Further ‘Fragmentation’ if Needs of Afghans Not Met: Tolo News

Speaking to the UN Security Council session on the Afghanistan situation, the deputy head of UNAMA, Markus Potzel, said that if the Islamic Emirate does not respond to the needs of all elements of Afghan society and constructively engage within the very limited window of opportunity with the international community, “it is unclear what would come next.” Click here to read…

Taliban and Russia Agree to ‘Special Discount’ on Purchase of Gas, Oil, and Wheat: The Khaama Press

The Taliban Ministry of Commerce and Industry stated that an agreement was inked to purchase and import wheat, gas, and oil from Russia to Afghanistan. According to Abdul Salam Jawad Akhundzada, a spokesman for the Taliban Ministry of Commerce and Industry, products including gasoline, diesel, gas, and wheat will be purchased at a “special discount” in Russian currency. Click here to read…

Afghan Envoy at UNSC: ‘Systematic’ Exclusion of Women Under Taliban: The Khaama Press

Speaking at the UN Security Council convened to discuss the situation in Afghanistan, Naseer Ahmad Faiq, the Chargé d’Affaires of the Afghan Permanent Mission to the UN, said that Afghan women are denied their fundamental freedoms and rights in Afghanistan under the Taliban rule. Click here to read…

Bangladesh
PM Hasina in Washington: Election Commission is free to hold fair polls: Dhaka Tribune

Prime Minister Sheikh Hasina has said the Election Commission in Bangladesh is completely free and independent, and a system has been established through an independent EC to hold free and fair elections in the country. Click here to read…

Cabinet approves India-Bangladesh MoU on withdrawal of water from Kushiyara river: The Print

Union Cabinet chaired by Prime Minister Narendra Modi, on Wednesday has given its ex-post facto approval for a Memorandum of Understanding (MoU) between India and Bangladesh on withdrawal of upto 153 cusecs of water each from common border river Kushiyara, a government press release read. Click here to read…

Bhutan
Govt allows import of 17,000 ton/yr green areca nut without MIP condition from Bhutan – Economic Times

The government on Wednesday allowed the import of 17,000 tonnes of green areca nut without minimum import price (MIP) condition from Bhutan every year. In 2017, the government imposed MIP at Rs 251 per kg with an aim to safeguard domestic farmers. In 2018, the imports of areca nut in any form were allowed if the price is over Rs 251 per kilogram. Click here to read…

Maldives
Japan-Maldives Foreign Ministers’ Meeting -Ministry of Foreign Affairs of Japan

On September 28, Mr. HAYASHI Yoshimasa, Minister for Foreign Affairs of Japan, held a meeting with H.E. Mr. Abdulla Shahid, Minister of Foreign Affairs of the Republic of Maldives, who is visiting Japan to attend the state funeral for former Prime Minister Abe as Special Envoy of President of the Maldives. The two ministers concurred that Japan and the Maldives, as countries which share the fundamantal values such as the rule of law and the freedom of navigation, will cooperate even more closely to realize a “Free and Open Indo-Pacific.” Click here to read…

Myanmar
In Myanmar, the Tatmadaw’s Frustration Fuels a Cycle of Violence – Foreign Policy

Officials from the United States and Malaysia met on the sidelines with representatives from Myanmar’s National Unity Government, a cabinet formed by elected lawmakers ousted when the military seized power in February 2021. As diplomacy sputters, violence in Myanmar is spiraling. At least 11 children were killed on Sept. 16 when military helicopters fired on a school in Sagaing region, a resistance stronghold. The killing of students was shocking, but extreme violence has come to characterize the junta. Last month, the military allegedly rampaged through a village in Kachin State, burning down homes and killing civilians. These attacks followed a trend: The monitoring group Data for Myanmar said the military has torched more than 28,000 civilian homes since the coup, and August was the worst month on record. Click here to read…

Chinese envoy, acting FS discuss early Rohingyas repatriation, border incidents – TBS News

Chinese Ambassador to Bangladesh Li Jiming has met acting foreign secretary Rear Admiral (retd) Md Khurshed Alam and discussed the ways for early repatriation of the Rohingyas and the recent incidents along Bangladesh-Myanmar border. Talking to a small group of reporters at the Ministry of Foreign Affairs after the meeting on Monday, Ambassador Li said they discussed a lot of issues including “early repatriation” of the Rohingya people and cooperation in other areas between the two countries. There is a tripartite mechanism among Bangladesh, Myanmar and China to discuss and find ways to resolve the Rohingya issue. Click here to read…

Over 6,000 Myanmar children enrolled in Mizoram schools – Eat Mojo

More than 6,000 children of Myanmar nationality taking refuge in Mizoram are currently enrolled in various schools across the state, an official said on Wednesday. State school education department director Dr H. Lalthlangliana said a majority of the Myanmar children are studying in government schools, while several are also enrolled in private schools. Click here to read…

The meteoric fall of the Myanmar military junta – Global Village Space

The military junta in Myanmar, which took control in February 2021 after overthrowing the elected government, appears to be in serious peril. They disapproved of the outcomes of the national election that took place in 2020 and was organized under their direction. They rewrote Myanmar’s history, in actuality. When the National League for Democracy (NLD), led by Aung Sun Suu Kyi, took office in 2011, they began a limited process of democratization long after their direct military dominance in the nation. Click here to read…

Nepal
Backing India’s bid for permanent membership, Nepal calls for UN Security Council reforms – Economic Times

Backing India’s long-standing demand, Nepal has called for United Nations Security Council (UNSC) reforms, making it more representative, inclusive, and transparent. Addressing the general debate of the 77th session of the United Nations General Assembly in New York on Wednesday, Nepal’s foreign secretary Bharat Raj Paudyal said, ‘Nepal supports UN reform initiatives, including revitalising the General Assembly and reforming the Security Council, to make it more representative, inclusive, and transparent.’ Click here to read…

Pakistan
Bilawal wants Taliban rulers to use their influence on TTP for peace: Dawn

Speaking at the US Institute of Peace in Washington, the foreign minister also urged the United States to take lead in dealing with the devastating effects of the changing climate, which he called a ‘man-made disaster’Click here to read…

Dar favours currency market intervention: The Express Tribune

Finance Minister Ishaq Dar said on Wednesday that some changes would be made in the central bank law at “an appropriate time”, advocating intervention in the currency market that signalled a needed shift in the International Monetary Fund (IMF)-backed policies. Click here to read…

Sri Lanka
RW, Modi discuss Sri Lanka’s economic crisis in Tokyo: Daily Mirror

President Ranil Wickremesinghe and Indian Prime Minister Narendra Modi discussed Sri Lanka’s debt restructuring when the two held informal discussions in Tokyo last evening, on the sidelines of the funeral of former Japanese Prime Minister Shinzo Abe. Click here to read…

Colombo port set to lose out from new direct container shipping service between Chattogram and Dubai: Daily Mirror

A direct container shipping service is to be launched between Chattogram, Bangladesh and Dubai avoiding the Colombo Port, a Bangladeshi media report said. Imports from Dubai now come to Chattogram via Sri Lanka’s Colombo port. The consignments are unloaded from the mother vessel and then loaded into smaller feeder vessels in Colombo. Export consignments are also sent to Dubai via Colombo. Click here to read…

VIF Neighbourhood News Digest: September 28, 2022

<h5>Afghanistan </h5>

<h5>Islamic Emirate Signs Deal for Russian Oil Products, Gas and Wheat – Tolo News </h5>

The Islamic Emirate has signed a provisional deal with Russia to supply gasoline, diesel, gas and wheat to Afghanistan, Acting Afghan Commerce and Industry Minister Haji Nooruddin Azizi told Reuters. Azizi said his ministry was working to diversify its trading partners and that Russia had offered the Islamic Emirate administration a discount to average global commodity prices. The move, the first known major international economic deal struck by the Islamic Emirate since they returned to power more than a year ago, could help to ease the Islamist movement’s isolation that has effectively cut it off from the global banking system. <a href=”https://tolonews.com/afghanistan-180048” target=”_blank”>Click here to read…</a>

 

<h5>UN issues warning on warfare and increase poverty in Afghanistan – The Both Side News </h5>

The Taliban’s attack on the rights of girls and women, according to a senior U.N. official, demonstrates disregard for more than 50% of Afghanistan’s population and a willingness to risk international isolation, as well as a potential internal conflict and deepening poverty in the country. Some of the Taliban’s “claimed and recognised achievements,” Markus Potzel, the U.N. deputy representative for Afghanistan, told the Security Council, are also deteriorating. <a href=”https://thebothsidenews.com/un-issues-warning-on-warfare-and-increased-poverty-in-afghanistan/world/09/28/2022/” target=”_blank”>Click here to read…</a>

 

<h5>Bangladesh</h5>

<h5>Bangladesh wants to mark March 25 as International Genocide Day – The Print </h5>

Describing the horrors of the 1971 genocide by the Pakistani military, Bangladesh Foreign Minister AK Abdul Momen has said that Bangladesh is working to get recognition of March 25 as International Genocide Day by all the countries in the world. “The Genocide of Bangladesh committed in 1971 by the Pakistani military is one of the most heinous crimes in human history … we do not know of another instance of such barbarism of such intensity and mayhem,” he said, reported The Daily Star. <a href=”https://theprint.in/world/bangladesh-wants-to-mark-march-25-as-international-genocide-day/1144656/” target=”_blank”>Click here to read…</a>

 

<h5>Bangladesh aims for yuan trade as cushion against mighty dollar- Nikkei Asia </h5>

Hit by a strong dollar and fearful of shrinking foreign reserves, Bangladesh is turning to alternative currency arrangements including the use of the Chinese yuan in international transactions. Bangladesh Bank, the central bank, in mid-September said that authorized dealer banks (ADs) can carry out transactions in yuan for trade with China. <a href=”https://asia.nikkei.com/Economy/Bangladesh-aims-for-yuan-trade-as-cushion-against-mighty-dollar

 

<h5>Bhutan </h5>

<h5>BoB imposed Nu 6.2M for system failure – Kuensel Online </h5>

The Royal Monetary Authority (RMA) has imposed Nu 6.2 million (M) on Bank of Bhutan (BoB) for the system failure for about three days earlier this month. An official from the bank said that the bank is still negotiating the penalty amount with the authority. The bank’s both offline and online banking services could not be accessed because of the system failure. <a href=”https://kuenselonline.com/bob-imposed-nu-6-2m-for-system-failure/” target=”_blank”>Click here to read…</a>

 

<h5>Maldives </h5>

<h5>India Supports Hanimaadhoo Airport Project In Maldives – The WatchDog </h5>

After the contract for the largest infrastructure project to be undertaken outside the Greater Male’ region in the history of Maldives was signed, the High Commission of India in the Maldives on September 26 stated that it supports the nation in the project. The aim of the Hanimaadhoo International Airport Development Project is to transform the economic image of the North Maldives. An Indian company named JMC Projects Limited has signed the pact with the Maldives government to develop the Hanimaadhoo International Airport. <a href=”https://thewatchdog.news/national-e/india-supports-hanimaadhoo-airport-project-in-maldives/” target=”_blank”>Click here to read…</a>

 

<h5>Myanmar </h5>

<h5>The Two Hands of Washingtons Myanmar Policy – The Irrawaddy </h5>

Bilateral relations from the perspective of the Department of State are well-described by Murphy, the occupant of the Central Intelligence Agency’s Burma desk from 2007-12. As she relates this, US policy is about democracy, humanitarianism and free-market values that both nations share. And citizens pass on information in exchange for cash and vague promises of a US visa should things become difficult. <a href=”https://www.irrawaddy.com/opinion/guest-column/the-two-hands-of-washingtons-myanmar-policy.html” target=”_blank”>Click here to read…</a>

 

<h5>Intensifying pressure on Myanmar military – New Age BD </h5>

NOLEEN Heyzer, the special envoy of the UN secretary general, claimed that she would not return to Myanmar unless she could meet with former leader Aung San Suu Kyi during her brief visit there for discussions with the military leadership. According to Reuters, Suu Kyi has been detained since the February 1 coup last year and has been kept in solitary confinement since June. She has not been permitted visitors, and in August, a military spokesperson declared that the dictatorship would not permit anyone to meet with those who were charged with crimes. Suu Kyi is currently on trial for charges ranging from corruption to the disclosure of state secrets. The total maximum sentence for the crimes she is charged with is more than 190 years. <a href=”https://www.newagebd.net/article/182228/intensifying-pressure-on-myanmar-military” target=”_blank”>Click here to read…</a>

 

<h5>Myanmar-Thailand border point where 150 Indian techies are trapped in control of rebel group – New Indian Express </h5>

The software engineers, mostly from Tamil Nadu and Kerala, were entrapped in a job racket that four companies, primarily managed by some Dubai-based Chinese nationals, ran The Karen National Liberation Army (KNLA), a heavily-armed Myanmar rebel group fighting the military junta in that country, is suspected to be providing “protection” to an organised Malayasian-Chinese gang which continues to hold at least 150 Indian IT professionals trapped at a location on the Myanmar-Thailand border. <a href=”https://www.newindianexpress.com/world/2022/sep/27/myanmar-thailand-border-point-where-150-indian-techies-are-trapped-in-control-of-rebel-group-2502492.html” target=”_blank”>Click here to read…</a>

 

<h5>Nepal </h5>

<h5>Energising India-Nepal ties, the hydropower way – The Hindu</h5>

Nepal’s move to involve India in completing the West Seti and Seti River (SR6) joint storage project has the potential to enhance much-needed cross-border power exchanges. On August 18, 2022, the Investment Board Nepal signed a Memorandum of Understanding (MoU) with India’s National Hydroelectric Power Corporation (NHPC) Limited to develop the West Seti and Seti River (SR6) projects — a total of 1,200 MW. <a href=”https://www.thehindu.com/opinion/op-ed/energising-india-nepal-ties-the-hydropower-way/article65943114.ece?homepage=true” target=”_blank”>Click here to read…</a>

 

<h5>Nepal President Blocks Citizenship Law – Human Rights Watch </h5>

Nepal’s ceremonial president, Bidiya Bhandari, has refused to endorse a Citizenship Bill passed by parliament, denying an estimated 500,000 people access to citizenship documents and threatening to plunge the country into a constitutional crisis. A deadline for her to sign the law expired last week. <a href=”https://www.hrw.org/news/2022/09/26/nepal-president-blocks-citizenship-law” target=”_blank”>Click here to read…</a>

 

<h5>Pakistan </h5>

<h5>Pakistans Vicious IMF Cycle – The Diplomat </h5>

On August 29, the International Monetary Fund (IMF) released the last remaining $1.1 billion in funds for Pakistan, following a combined seventh and eighth review of the extended fund facility provided to the country. The $6 billion bailout agreed upon in 2019 conditioned the IMF loan to market-determined exchange rate and rebuilding of official reserves in order to reduce public debt, ensure fiscal growth, and increase the country’s per capita income. The fund facility, extended until June 2023, is the 23rd IMF program that Pakistan has received in its 75-year existence. <a href=”https://thediplomat.com/2022/09/pakistans-vicious-imf-cycle/” target=”_blank”>Click here to read…</a>

 

<h5>After Jaishankar swipe at US over Pakistan F-16s, Antony Blinken says only to fight terror – Indian Express </h5>

Antony Blinken said it was a programme for F-16s that Pakistan already had, and it was Washington’s “obligation” to provide military equipment to ensure that the aircraft are maintained and sustained to bolster Islamabad’s capability to deal with “clear terrorist threats” from Al Qaeda and ISIS. A day after External Affairs Minister S Jaishankar said that the US decision to provide a $450-million sustenance package for Pakistan’s F-16 fleet was “not fooling anybody”, US Secretary of State Antony Blinken said it is not a new programme. <a href=”https://indianexpress.com/article/india/after-jaishankar-swipe-at-us-over-pak-f-16s-blinken-says-only-to-fight-terror-8176851/” target=”_blank”>Click here to read…</a>

 

<h5>Sri Lanka </h5>

<h5>Asia’s ticking debt bomb: Sri Lanka crisis sounds alarm bells across region – Asia Nikkei </h5>

Every day after 4 p.m., residents in this quiet, leafy village listen for the putt-putting of motorbikes on the sandy road next to their homes. When they hear it, they know to shut their doors and turn off their lights. Their children are instructed to run inside and not let anyone in. A motorbike is the vehicle of choice for local debt collectors, who fan out through places like Chandana Pokuna, some 500 brick-faced, rundown houses in Sri Lanka’s rice-farming north central district of Polonnaruwa. The motorcycle men, agents of microlending companies, start work in the late afternoon, when they know residents will be at home. <a href=”https://asia.nikkei.com/Spotlight/The-Big-Story/Asia-s-ticking-debt-bomb-Sri-Lanka-crisis-sounds-alarm-bells-across-region” target=”_blank”>Click here to read…</a>

 

<h5>High-security zones in Sri Lanka to ensure stability – Tribune India </h5>

The Sri Lankan Government on Monday defended its decision to declare several key locations in Colombo as high-security zones, saying the move was aimed at ensuring stability and not curbing freedom of expression. President Ranil Wickremesinghe on Friday declared several locations, including Parliament, the Supreme Court complex and the President’s Secretariat among others, as high-security zones (HSZs), banning any kind of protest or agitation in their vicinity. <a href=”https://www.tribuneindia.com/news/world/high-security-zones-in-lanka-to-ensure-stability-435805” target=”_blank”>Click here to read…</a>