Stories about China

Why is the US making a mountain out of the Masood Azhar molehill?

The United States has introduced a United Nations Security Council (UNSC) resolution to blacklist Masood Azhar as an international terrorist. Azhar is the leader of Jaish-e-Mohammed (banned in Pakistan since 2002) and has been blamed by India for masterminding February’s Pulwama incident, even though no evidence has been produced which links Azhar to the incident. China has refused to list Azhar as an international terrorist after careful consideration of the definition of international terrorism according to international law. China has made this position absolutely clear and as such, it would appear that the US is looking to transform the UNSC ...

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Why the time to invest in Pakistan is now

Being a capital market participant, I have seen quite a few ups and downs during the past decade. I have experience of evaluating a large number of companies listed at the Pakistan Stock Exchange (PSX). I believe, at this point in time, most of the listed companies are trading well below their fair price, thus, offering good return potential and strong dividend yield. Historically speaking, every time our stock market experienced a downturn, it bounced back with more power. Even though the downturns are often abrupt, recovery usually takes a while. Nonetheless, once our stock market comes out of crisis, ...

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How the Kashmir crisis threatens Russia’s interests in Pakistan and India

The world watched with bated breath as Pakistan and India narrowly escaped full-blown military conflict last week. But the Kashmir crisis demonstrates more than a bitter dispute between two nations. This volatile frontier provides a springboard from which a historic rivalry between two nuclear states could culminate, with potentially seismic consequences for its surrounding neighbours. Moscow’s readiness to mediate the tensions therefore comes as no surprise, with Pakistan Foreign Minister Shah Mahmood Qureshi welcoming Russian Foreign Minister Viktorovich Lavrov’s offers to host talks. As an ally of both countries, pressure mounts on Russia in particular, to abate tensions in ...

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Why the world suddenly sees Pakistan through a different lens

While US-Pakistan relations appear to be at an all-time low, it appears Islamabad is continuing to cement and develop more and more friendships across the wider region. The obvious example of this can be seen with Saudi Crown Prince Mohammad bin Salman’s (MBS) visit to Pakistan this week. According to Voice of America, MBS announced and oversaw the signing of investment projects worth up to $20 billion, even higher than the suspected $12 billion in projects which had earlier been lamented. MBS also ordered the release of 2,107 Pakistani prisoners from Saudi prisons, who have started arriving home. Last year, a ...

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Caught in the middle: Pakistan’s position in the US-China power shift

China’s rise has triggered a myriad of debates among political and academic commentators alike. Will it be peaceful and rely solely on America’s decline? Or will the changing structure of the international arena inevitably be riddled with war and violence? As the aforementioned thoughts become the subject of repeated discussions, another problem closer to home becomes more and more pressing: can Pakistan ride the ever-turbulent wave of great power rivalry, or is it playing dangerously close to the fire?  Developing trends in regional governance suggest that although American hegemony endures on the international scale, it is undoubtedly being subverted, as China’s global influence ...

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Pakistan’s melting glaciers: Our climate change crisis will destabilise Asia’s rivers

Pakistan is fortunate to be home to three great mountain ranges: the Himalayas, the Karakoram and the Hindu Kush. In fact, on the drive up the Karakoram Highway from Islamabad to Gilgit, I often stop at a place near Jaglote town where these three ranges actually meet. One can see the grand vista from the road, which could easily be missed if not for a sign nearby which reads, “The junction point of the three mightiest mountain ranges of the world.” The Karakoram includes the K2, the world’s second-highest peak, and is the most heavily glaciated area on the planet apart ...

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PTI’s vague and static foreign policy will only worsen Pakistan’s standing in the world

Historically, Pakistan’s foreign policy has been a domain in which elected governments have been allowed very little space and scope to work in. Our founding father envisaged a foreign policy based on peaceful relations with our neighbours – including India – and one that would value our sovereignty. Contrary to his vision, Pakistan has not been able to devise a balanced policy that can be termed entirely beneficial for its own national interest. The current government led by Pakistan Tehreek-e-Insaf (PTI) also finds itself in a position where Foreign Minister Shah Mehmood Qureshi is symbolically heading foreign affairs while ...

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Is Venezuela the new Afghanistan?

Three days ago, the first United Nations (UN) rapporteur to visit Venezuela in 21 years told British media outlet The Independent that US sanctions on Venezuela are illegal and bordering on “crimes against humanity” under international law. No one in the international media will say it, but sanctions are always the precursor to war. Never mind Washington’s barbaric sanctions on pre-2003 Iraq, which are estimated to have killed 1.7 million Iraqi civilians, including 500,000 children. Not many people acknowledge this fact, but before the Pearl Harbour attack during World War II, the US had targeted Japan’s rapidly developing economy heavily with economic sanctions, forcing Japan to respond ...

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PTI’s third finance bill in six months and yet no relief for the common man in sight

The highly anticipated second mini-budget or the third finance bill for the current fiscal year (whatever you may like to call it) has, at last, been revealed. Finance Minister Asad Umar, feeling the heat from all ‘concerned’ quarters, made an attempt to appease by announcing tax concessions to the banking sector and the business community at large. On paper, the bill looks acceptable, as it is aimed at restoring the confidence of the business sector in the economy. Abolishing the withholding tax, abolishing the super tax on the non-banking sector, continuing the 1% reduction per annum in corporate income tax, allowing capital ...

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The crown prince’s visit is one of Imran Khan’s greatest accomplishments yet

The hugely successful visit of Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed Al Nahyan (MBZ) to Pakistan a week ago represents one of Prime Minister Imran Khan’s greatest foreign policy accomplishments yet, because it proved that his country’s ‘balancing’ act between regional powers is capable of turning latent rivals into trusted partners. The Emirati breakthrough The Pakistani and Arab media are celebrating MBZ’s hugely successful visit to Pakistan and lauding the $6.2 billion support package he provided to the South Asian state. The personal camaraderie between the Emirati leader and the Pakistani prime minister was on full display for the whole world ...

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