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Saudi Extends Bail-Out- Package To Debt Ridden Pakistan

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Pakistan PM Imran Khan

Imran Khan to mediate in Yemen War

Gulf crisis is being spilled over to Pakistan. Amidst Khashoggi murder allegations and faced with self-created Yemen crisis, Saudi Arabia has asked Pakistan Prime Minister Imran Khan to mediate to end Yemen conflict, triggered by Riyadh-led coalition in 2015, aimed to re-instate its favored President Abdrabbuh Mansur Hadi.

This was announced by not less than Pakistan’s Prime Minister Imran Khan, during his address to the nation on Wednesday evening, on his return from the Kingdom.  He informed the nation of Saudi Arabia’s favor extending $ 6 billion bail-out package, a big relief for Pakistan.

The second major announcement he made was that cricket-turned politician would mediate between Saudi Arabia and Yemen to end their ongoing conflict. The Houthi Ansarullah fighters, who control most of the country’s territory, have been retaliating with missiles and drones for attacking Kingdom’s border areas as well as capital Riyadh during last few months.

Read More:-  Pakistan Denies Saudi Arabia Investment in CPEC

He said that he expected Saudi Arabia-like monetary assistance from two other friendly countries after which the government might not need to seek as big a loan from the IMF, as has been planned earlier. He did name the two friendly countries, he is eyeing for help.

Saudi Extends Bail-Out- Package To Debt Ridden Pakistan

He expressed gratitude to Saudi leadership for helping Pakistan at a time of need.  He travelled to the Kingdom along with his key cabinet members to Riyadh where he attended the Future Investment Initiative Conference. He said, “We could go into default but the ‘tremendous’ financial package from Saudi Arabia has relieved our burden.”

Dawn reports that it is believed that Imran Khan also discussed with the Saudi leaders the conflict in neighboring Yemen. He announced that Pakistan would play the role of a mediator in the war.

He reportedly said, “One more important thing I want to share with you that I will make all-out efforts to get resolved Saudi Arabia-Yemen conflict by acting as a mediator. We will also try our best to play a mediatory role in bringing all the Muslim nations together.”

Imran Khan criticized previous governments for heavy debt burden on the country. He said the country’s total foreign debt before 1970 stood at Rs30 billion. It swelled to Rs 6,000 billion in next 40 years, he said, adding that it surged to Rs30,000 billion only in the last decade.

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US reiterates its call for fair, transparent, legal process for Delhi CM Arvind Kejriwal, speaks on Congress frozen accounts

The US spokesperson said that they are also aware of the Congress party’s allegations that tax authorities have frozen some of their bank accounts in a manner that will make it challenging to effectively campaign in the upcoming elections.

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A day after India summoned an US diplomat over their remarks on the arrest of Delhi Chief Minister Arvind Kejriwal in the liquor policy case, the US reiterated its call for fair, transparent, timely legal processes on Wednesday.

Responding to questions on India summoning Gloria Berbena, the US Acting Deputy Chief of Mission in New Delhi, US State Department spokesperson Matthew Miller said that they will continue to follow these actions closely, including the arrest of Delhi Chief Minister Arvind Kejriwal. Notably, the meeting at the foreign ministry’s South Block office lasted nearly 40 minutes yesterday with India objecting strongly to the US remarks on the arrest of Arvind Kejriwal.

Matthew Miller also responded to a question on the Congress party’s frozen bank accounts. The US spokesperson said that they are also aware of the Congress party’s allegations that tax authorities have frozen some of their bank accounts in a manner that will make it challenging to effectively campaign in the upcoming elections. He added that the US encourages fair, transparent and timely legal processes for each of the issues.

Arvind Kejriwal was arrested last week by the Enforcement Directorate (ED) in connection to the Delhi liquor policy scam. Earlier, AAP leaders Manish Sisodia, Satyendar Jain and Sanjay Singh were arrested in the same case.

The External Affairs Ministry had earlier stated that states are expected to be respectful of the sovereignty and internal affairs of others, and this responsibility is even more so in case of fellow democracies, adding that it could otherwise end up setting unhealthy precedents.

The Ministry further emphasized that India’s legal processes are based on an independent judiciary which is committed to objective and timely outcomes. It mentioned that casting aspersions on India’s legal procedure is unwarranted.

The United State’s remarks followed days after Germany’s Foreign Office stressed that Delhi CM Arvind Kejriwal is entitled to a fair and impartial trial. The Indian government labelled their remark as blatant interference in internal matters.

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5 Chinese nationals killed in suicide bomb attack in Pakistan

This is the third major attack on Chinese interests in Pakistan within a week.

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Nearly five Chinese nationals were killed in an explosion during an attack on their convoy by a suicide bomber in northwest Pakistan on Tuesday. Reportedly, the suicide bomber rammed an explosives-laden vehicle into a convoy of Chinese engineers travelling from Islamabad to their camp in Dasu, situated in the Khyber Pakhtunkhwa province.

Regional police chief Mohammad Ali Gandapur said that five Chinese nationals and their Pakistani driver were killed in the attack. As yet, none has claimed responsibility for the attack. Bisham Station House Officer (SHO) Bakht Zahir asserted that the incident was a suicide blast and the authorities concerned were collecting the evidence.

The Station House Officer further added that security arrangements were tightened at the spot and the bodies were being shifted to a hospital. He added that they will investigate from where and how the vehicle of a suicide bomber came and how it happened. Notably, this is the third major attack on Chinese interests in Pakistan within a week.

Previously, two attacks hit an airbase and a strategic port in the southwest province of Balochistan where China is investing billions in infrastructure projects. Several Chinese engineers and Pakistani construction workers have for multiple years been working on hydroelectric projects as part of Beijing’s Belt and Road Initiative in the western province of Khyber-Paktunkhwa.

Notably, Dasu is home to a significant dam project, has been a target of previous attacks. Earlier in 2021, the attack in Dasu resulted in the deaths of nine Chinese nationals, along with two Pakistani children. The incident occured when a bus carrying Chinese engineers and workers to the Dasu Hydropower Project site was targeted.

There was confusion surrounding the nature of the attack initially, with some reports suggesting it was a bus accident. Nonetheless, subsequent investigations revealed that it was indeed a terrorist attack. The bus was hit by a blast, leading it to plunge into a ravine.

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US bridge collapses after being hit by ship

The rescuers were searching for at least 7 people in the water. Some reports said upto 20 construction workers were there on the Baltimore Bridge at the time of the incident. A video of the incident which was widely shared on social media showed the moment the 3 km long bridge collapsed.

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Major portions of the Francis Scott Key Bridge in Baltimore, US collapsed on early Tuesday morning after it was hit by a large container ship. The incident occurred at nearly 1.30 am (US local time). The Baltimore City Fire department said the collapse is a mass casualty incident.

According to reports many vehicles fell into the river below. The rescuers were searching for at least 7 people in the water. Some reports said upto 20 construction workers were there on the Baltimore Bridge at the time of the incident. A video of the incident which was widely shared on social media showed the moment the 3 km long bridge collapsed.

It seems the vessel had hit one of the supports of the Francis Scott Key Bridge, causing the roadway to break apart in many places and plunge into the water. The ship caught fire and appeared to sink. Grace Ocean Pte Ltd, the registered owner of the ship, and the manager, Synergy Marine Group, said it is a Singapore flagged ship Dali which collided with a pillar of the Francis Scott Key Bridge in Baltimore, Maryland.

He said the exact cause of the incident is yet to be determined; the Dali has now mobilized its qualified individual Incident response service. It added that all crew members, including the 2 pilots who were aboard, have been accounted for and there are no reports of injuries.

The local traffic police said all lanes on both directions of the bridge have been closed and the traffic is being de-toured. Maryland Governor Wes Moore also declared a state of emergency after the collapse of the bridge. The bridge was opened in 1977, spans the Patapsco River, a vital artery that along with the Port of Baltimore is a hub for shipping on the East Coast. It is named after the writer of the Star Spangled Banner.  

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