by Wajid Ali Syed in The News, Aug 24, 2017 WASHINGTON: US Secretary of State Rex Tillerson warned on Tuesday that Pakistan’s privileged status as a major non-Nato US ally could be in question if it does not change its course from the past. “We have some leverage,” Tillerson told reporters, “in terms of aid, their status as a non-Nato alliance partner — all of that can be put on the table.” During a press…
Posts published in “Day: August 24, 2017”
by Zafar Bhutta in The Express Tribune, Aug 23, 2017 ISLAMABAD: Islamabad and Beijing are unlikely to welcome other countries to become part of the China-Pakistan Economic Corridor (CPEC) before 2020 as they will wait until energy and industrial projects are completed, say officials. Pakistan and China are developing energy projects of $35 billion under CPEC and want to complete them first before opening the door to Middle Eastern states, Iran and Central Asian countries…
Comment in Global Times, Aug 23, 2017 at 21:48:40 (The article was compiled based on a report by Beijing-based private strategic think tank Anbound) The risk of yuan depreciation doesn’t seem to be troubling investors any longer, with the currency having been on a gradual upward trend for about three months. The central parity rate of the yuan was set at 6.6633 per US dollar on Wednesday, according to the China Foreign Exchange Trading System.…
By Frank Tang in South China Morning Post, Aug 23, 2017 at 10.55pm The credit rating of China’s Anbang Life Insurance Co was downgraded by Dagong Global Credit Rating Co on Wednesday, three months after the regulator curtailed its operations and two months since the chairman of its parent company disappeared from public sight. The downgrade by one notch to AA+ came as Dagong said in a statement that Anbang Life is facing growing debt…
by Wendy Wu in South China Morning Post, Aug 23, 2017 at 10.55pm Chinese prosecutors have been told to show no mercy to the “financial crocodiles” who threaten economic stability, in the latest sign that Beijing is prepared to use all of its judicial and executive apparatus to stamp out corruption. The Supreme People’s Procuratorate on Wednesday issued a strongly worded directive ordering prosecutors across the country to get tough on “those financial crocodiles that…
by Choi Chi-yuk, Catherine Wong & Jun Mai in South China Morning Post, Aug 23, 2017 at 11:17pm China is expected to appoint a new air force commander as part of a People’s Liberation Army leadership reshuffle ahead of the national congress in autumn, sources said. The front runner to lead the country’s 420,000-strong air force is Lieutenant General Ding Laihang, three separate sources told the South China Morning Post. Ding, who will turn 60…
by Anwar Hussain in Dhaka Tribune, Aug 23, 2017 at 9.50 pm A Banshkhali upazila court in Chittagong district has sent 13 high school teachers to jail on treason charges. Banshkhali Senior Judicial Magistrate Sazzad Hossain passed the order on Wednesday after rejecting the bail petitions of the teachers, who were accused of comparing Bangabandhu Sheikh Mujibur Rahman with a local BNP leader Liakat Ali in a creative question paper. Banshkhali police station Officer-in-Charge…