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Saudi Crown Prince signs $20 bn deals with Pak, to visit India tomorrow

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Saudi Crown Prince signs $20 bn deals with Pak, to visit India tomorrow

[vc_row][vc_column][vc_column_text]While India hopes for a strong joint statement against terrorism with reference to Pulwama when Saudi Crown Prince Mohammed bin Salman comes to India on his maiden visit tomorrow (Tuesday, Feb 19), things may not go quite as expected.

In Pakistan on Sunday, the Saudi Prince signed a slew of investment agreements worth USD 20 billion which will provide a welcome relief to the teetering economy of the cash-strapped South Asian country.

India, after the Pulwama terror attack, has been making efforts to get international community to build economic pressure on Pakistan by way of sanctions or cutting off aid to penalise it for harbouring terrorists.

Prince Salman said Saudi “cannot say no to Pakistan, whatever you (Pakistan) want we will do.”

“Today we signed MoUs. The amount of that kind of investment is USD 20 billion. It is big for phase one and definitely it (Saudi investment in Pakistan) will grow every month, every year in bigger numbers and it will be beneficial for both the countries,” Prince Salman said, according to media reports.

“Pakistan is going to be very, very important country in the future and we want to be sure we are part of that,” he added.

After Pakistan, the crown prince will travel to India and is expected to finish his tour with a visit to China on Thursday and Friday.

Pakistan prime minister Imran Khan said Saudi Arabia has always been there when Pakistan needed friends. “I want to thank you for the way you helped us when we were in (a) bad situation,” Khan told the royal guest, adding that Pakistan and Saudi Arabia were now taking their relationship to a new level, where investment agreements would be mutually beneficial for the countries.

“The future is exciting for both Pakistan and Saudi Arabia after joining hands,” he said.

Karachi School’s registration suspended after students dance on Indian song

Pakistan’s Prime Minister Imran Khan has already made two trips to Saudi Arabia since taking office in August. Pakistani troops are known to provide protection to members of the Saudi royal family. With the US pulling out of the Iran nuclear deal, Saudi Arabia is once again looking to nuclear-armed Pakistan for security in the event of Iran developing an atomic bomb.

Given these facts, it would be unrealistic to expect, as media reports suggest India does, Prince Salman to explicitly back India’s stance vis-a-vis Pakistan on terrorism. According to reports citing sources, India will be looking for some “strong language” on terrorism besides announcing steps to boost counter-terrorism cooperation with Saudi Arabia in a joint statement expected to be issued at the end of Prince Salman’s visit.

Former Jammu and Kashmir chief minister Mehbooba Mufti tweeted that this development between Pakistan and Saudi Arabia will put the government of India in a “precarious position” when the crown prince visits tomorrow.

Pulwama aftermath: Pakistan calls its High Commissioner in India for consultations

After last week’s Pulwama attack in which at least 40 Central Reserve Police Force (CRPF) personnel were killed by a suicide bomber driving a vehicle rigged with explosives, terrorism has emerged as a major talking point for India during discussions scheduled during the Prince’s visit.

The India trip was to be dominated by talks on increasing Saudi investments in India’s energy sector, with oil giant Saudi Aramco looking to invest in refineries in India besides retailing of fuel.

India has also been hoping for investment from Saudi Arabia in its National Investment and Infrastructure Fund (NIIF) on the lines of investments by the United Arab Emirates.

Pulwama terror attack: Govt withdraws security cover of five Kashmir separatist leaders

The visit by Prince Salman, who is also the Vice President of Saudi Arabia’s council of ministers, follows Prime Minister Narendra Modi’s much hyped trip to that country in April 2016, during which the two sides had agreed to further elevate their existing strategic partnership.[/vc_column_text][/vc_column][/vc_row]

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Suicide bombing at Islamabad imambargah kills 69, over 160 injured

At least 69 people were killed after a suicide bomber detonated explosives at a Shia shrine in Islamabad’s Shehzad Town area, triggering a city-wide emergency.

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Suicide bombing at Islamabad Shrine

A suicide bombing at a Shia place of worship in Pakistan’s capital Islamabad left at least 69 people dead and more than 160 injured on Friday, according to media reports.

The explosion took place at Tarlai Imambargah, located in the Shehzad Town area, when a suicide bomber detonated explosives near the main gate of the shrine during afternoon hours.

Attacker stopped at entrance, officials say

Security officials were quoted as saying that the attacker was intercepted by guards at the entrance, preventing him from entering the main hall where worshippers had gathered. Despite this, the blast caused extensive damage to the gate and nearby structures.

Visuals from the scene showed shattered windows of surrounding buildings and debris scattered across the road following the explosion.

Emergency declared, injured shifted to hospitals

Following the blast, the Islamabad Inspector General of Police declared a city-wide emergency, as rescue and law enforcement teams rushed to the site amid fears of high casualties.

The injured were shifted to Pakistan Institute of Medical Sciences (PIMS) and Polyclinic Hospital for treatment.

Prime minister condemns attack

Pakistan Prime Minister Shehbaz Sharif expressed deep grief over the attack and strongly condemned the bombing at the Shiite mosque in Islamabad.

In a statement, he said the incident was a tragic act of violence and offered condolences to the families of those killed. Official statements noted that dozens were injured in the attack, with treatment ongoing at city hospitals.

Previous attack referenced

The incident comes less than three months after a suicide blast outside a district and sessions court building in Islamabad on November 11, 2025, in which 12 people were killed and over 30 injured.

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Suicide bombing at Islamabad shrine kills 10, over 20 injured

A suicide bombing at a Shia shrine in Islamabad’s Shehzad Town area killed at least 10 people and injured over 20, prompting a city-wide emergency.

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Suicide bombing at Islamabad Shrine

At least 10 people were killed and around 20 others sustained injuries after a suicide bomber detonated explosives at a Shia shrine in Pakistan’s capital, Islamabad, on Friday afternoon.

The explosion took place at Tarlai Imambargah, located in the Shehzad Town area, when the attacker set off the device at the main entrance of the place of worship, where devotees had gathered.

Bomber stopped at entrance, say officials

Security officials said alert guards intercepted the attacker at the gate, preventing him from entering the main hall of the shrine. The timely action is believed to have reduced the scale of casualties inside the premises.

However, the blast caused significant damage to the gate structure. Visuals from the site showed shattered windows of nearby buildings and debris scattered across the road following the explosion.

Emergency declared across Islamabad

In the aftermath of the attack, the Islamabad Inspector General of Police declared a city-wide emergency. Rescue teams and law enforcement personnel rushed to the site amid concerns that the casualty count could rise.

The injured were shifted to Pakistan Institute of Medical Sciences (PIMS) and Polyclinic Hospital for treatment.

Recent history of suicide attacks in the capital

The incident comes less than three months after a suicide bombing outside a district and sessions court building in Islamabad on November 11, 2025, which killed 12 people and injured more than 30 others, raising renewed concerns over security in the capital.

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Bangladesh rushes to finalise US trade deal after India secures lower tariffs

Bangladesh is accelerating talks with the US to finalise a trade agreement after India secured lower tariffs, raising concerns over export competitiveness and transparency.

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Bangladesh is moving quickly to finalise a trade agreement with the United States after India concluded a deal with Washington that lowered tariffs on Indian goods to 18 per cent. The development has triggered concern in Dhaka that Bangladesh could lose market share in the US if it fails to secure comparable or better terms.

The US and Bangladesh are expected to sign the agreement on February 9, just three days before the country’s national election scheduled for February 12. The timing and lack of transparency surrounding the deal have drawn criticism from economists, business leaders and political observers.

Bangladesh’s economy is heavily dependent on ready-made garment exports, which account for nearly 90 per cent of its exports to the US. Any tariff disadvantage compared to India could significantly impact export orders and employment in the sector.

Tariff cuts under negotiation

The proposed agreement follows a series of tariff revisions imposed by Washington. In April 2025, the US imposed a steep 37 per cent tariff on Bangladeshi goods. This was reduced to 35 per cent in July and further lowered to 20 per cent in August.

According to reports, the upcoming deal is expected to bring tariffs down further to around 15 per cent. Officials see this as critical to keeping Bangladeshi exports competitive against Indian products in the US market.

Secrecy around negotiations raises concerns

Concerns have intensified due to the confidential nature of the negotiations. In mid-2025, the interim government led by Muhammad Yunus signed a formal non-disclosure agreement with the US, committing to keep tariff and trade discussions confidential.

No draft of the agreement has been shared with the public, parliament or industry stakeholders. A commerce adviser had earlier stated that the deal would not go against national interests and could be made public with US consent.

Policy experts, however, argue that the lack of disclosure prevents meaningful debate on the agreement’s long-term implications.

Conditions reportedly linked to the deal

Media reports suggest that the agreement may include several conditions. These include reducing imports from China, increasing military procurement from the US, and allowing American goods easier access to the Bangladeshi market.

It is also reported that Bangladesh may be required to accept US standards and certifications without additional scrutiny. Inspections on US vehicle imports and parts could reportedly be eased to facilitate smoother entry into the local market.

A senior policy analyst described the process as opaque, noting that signing the agreement just days before elections could bind the hands of the next elected government.

Garment industry left in the dark

Bangladesh exports garments and textiles worth between $7 billion and $8.4 billion annually to the US, accounting for nearly 96 per cent of its total exports to the American market. In comparison, Bangladesh imports around $2 billion worth of goods from the US.

With India and Bangladesh exporting similar apparel products, lower tariffs for India could shift US buyers towards Indian suppliers. Industry leaders warn that this could put millions of jobs at risk in Bangladesh’s garment sector, which employs 4 to 5 million workers, most of them women.

The sector contributes over 80 per cent of Bangladesh’s export earnings and nearly 20 per cent of its GDP.

A senior garment exporters’ association official said the agreement carries major implications and should ideally have been signed after the election to allow broader political and public discussion.

Political timing draws criticism

Economists and analysts have also questioned why an unelected interim administration is finalising a major trade agreement so close to national elections. They argue that responsibility for implementing the deal will fall on the incoming elected government.

A prominent economist criticised the process as lacking transparency and warned that the country could be pushed into long-term commitments without adequate scrutiny or public consent.

Meanwhile, US diplomats have indicated openness to engaging with various political forces in Bangladesh, including Jamaat-e-Islami, which has been banned multiple times in the country’s history.

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