Regional
Pakistan Prime Minister Sharif meets China’s Xi in Beijing ahead of IMF talks
China’s President Xi Jinping met Pakistani Prime Minister Shehbaz Sharif in Beijing on Friday, Chinese state media reported, days before Pakistan presents its annual budget and applies for a new International Monetary Fund (IMF) loan.
Pakistan’s location on the Arabian Sea gives it strategic importance for China, providing an overland route out towards the Gulf of Aden and onto the Suez Canal, and enabling Chinese ships to avoid the potential chokepoint of the Malacca Strait.
Sharif’s government is expected to seek at least $6 billion under a new IMF programme after it presents its annual budget, which sources say will happen on June 10. And the $27 billion or so that Pakistan owes China, according to World Bank data, is central to this next round of discussions with the fund, Reuters reported.
The IMF in May opened discussions on the new loan after Islamabad completed a short-term $3 billion programme, which helped stave off a sovereign debt default last summer.
Pakistan owes China almost 13% of its total debt, which was taken on to pay for infrastructure projects over the years and other types of spending.
Beijing has lent Islamabad almost twice as much as its second- and third-ranked multilateral lenders, the World Bank and the Asian Development Bank, to which Pakistan owes $16.2 billion and $13.7 billion respectively.
Chinese firms have also invested a further $14 billion in Pakistan since a new economic corridor connecting their countries was announced in the summer of 2013 as part of Chinese President Xi Jinping’s flagship Belt and Road Initiative, data from the American Enterprise Institute think tank shows.
Most of that investment was made by Chinese state-owned energy companies financing fossil-fuel and nuclear power plants, as well as logistics routes under construction connecting Gwadar Port in the Arabian Sea with the Xinjiang region in China’s northwest.
Regional
At least 15 infants killed in Islamabad hospital fire
WATCH VIDEO: There were 16 newborns at the hospital’s gynaecology ward when the fire broke out, one of whom was rescued.
At least 15 infants were killed when a fire broke out at a state-run hospital in Pakistan’s capital city Islamabad, triggered by a fault in air conditioning systems, local broadcaster Geo TV reported on Wednesday.
The fire, which broke out at the Pakistan Institute of Medical Sciences (PIMS) hospital, started around two hours ago, the broadcaster said, adding that “cooling operations” were ongoing, Reuters reported.
There were 16 newborns at the hospital’s gynaecology ward when the fire broke out, one of whom was rescued, according to Geo.
Regional
Pakistan and Iran make significant progress in talks on Iran conflict
Pakistan and Iran have made “significant progress” in talks focused on the U.S.-Israeli war on Iran and efforts to find a path toward peace, Pakistan’s interior minister said on Tuesday after a visit to Tehran.
The discussions focused on measures to prevent further escalation, reopening the Strait of Hormuz and accelerating an end to the conflict, according to a statement from the Pakistani military following a meeting between army chief General Asim Munir and Iranian leaders.
The two sides also discussed regional peace and possible ways to reach a negotiated settlement to the conflict, the statement said.
“Iranian President candidly shared his government’s perspective and we had a very constructive exchange on the issues involved,” Interior Minister Mohsin Naqvi, who accompanied Munir, said in a post on X.
Munir spoke with U.S. President Donald Trump before travelling to Tehran, Reuters reported on Monday.
Trump last week warned of economic consequences for countries providing “any type of lifeline to Iran” as Washington seeks to isolate Tehran. Iran, meanwhile, has threatened to halt all oil exports from the Gulf.
Regional
Pakistan’s Munir spoke to Trump ahead of Tehran visit, sources say
The White House Office of the Press Secretary did not immediately respond to a request for comment. It was unclear what Munir and Trump discussed in detail.
US President Donald Trump spoke with Pakistan’s army chief Asim Munir last week ahead of Munir’s trip to Tehran on Monday, according to three Pakistani sources, with one saying the main US request was to use Pakistan’s influence to bring Iran back to negotiations, Reuters reported.
Trump last week warned of economic consequences against any country that provided “any type of lifeline to Iran” as he seeks to isolate the Islamic Republic. Iran has in turn vowed to shut down all oil exports from the Gulf.
Last week’s call, which has not been previously reported, was initiated by Trump, according to two Pakistani sources.
The White House Office of the Press Secretary did not immediately respond to a request for comment. It was unclear what Munir and Trump discussed in detail.
Munir arrived in Tehran on Monday accompanied by Pakistan’s Interior Minister Mohsin Naqvi, Pakistan’s military confirmed, saying it was “part of Pakistan’s efforts to promote regional peace and stability.”
Pakistan, which has played a key mediating role between the US and Iran this year, has remained a trading partner of Iran throughout the recent fighting.
Munir was expected to meet with people close to Iran’s Supreme Leader Ayatollah Mojtaba Khamenei on Monday, one Pakistani source said.
Another Pakistani government source said while US-Iran tensions were a focus of the visit, Munir was also expected to discuss recent attacks by Iran-aligned Houthi fighters on Pakistan’s ally Saudi Arabia as well as the recently signed mutual defence agreement between Pakistan, Turkey and Saudi Arabia.
Pakistan’s earlier mediation efforts between the U.S. and Iran resulted in an interim peace agreement signed in June. But the Islamabad Memorandum quickly faltered, amid new fighting between Iran and the US that has threatened to spiral into a wider regional conflict in recent weeks.
“There is a trust deficit on both sides,” a third Pakistani source said about the US and Iran, adding that Munir’s aim was to mitigate the lack of mutual trust on Monday.
-
Latest News3 days agoFour mediators struggle to secure lasting Pakistan-Afghanistan ceasefire
-
Latest News4 days agoSyria and Saudi Arabia condemn Kabul bombing, express solidarity with Afghanistan
-
Latest News4 days agoUS judge strikes down Trump visa suspension for 75 countries, including Afghanistan
-
Business2 days agoAfghanistan’s trade diversification challenges Pakistan
-
Sport4 days agoAfghanistan-India T20I series could see major schedule change
-
Latest News4 days agoAchakzai urges Pakistan to end hostility towards Afghanistan
-
Latest News3 days agoAfghanEvac warns US court ruling does not reopen door for Afghans
-
Sport5 days agoAbaseen Defenders clinch Khan Hospital Kabul Premier League Season 4 title
