Imran Khan arrives in China for talks on CPEC, IMF bailout

Agencies
November 2, 2018

Beijing, Nov 2:  Imran Khan arrived in Beijing on Friday in what is termed as the most significant visit to China by a Pakistani Prime Minister in recent years as the all-weather allies grapple to iron out differences over the multi-billion CPEC and Islamabad approaching 'friendly nations' to avoid a tough IMF bailout package.

Khan arrived in the early hours for his four-day visit, official sources said.

He is scheduled to hold talks with Chinese President Xi Jinping and Premier Li Keqiang on shoring up the all-weather ties. Both the countries are expected to sign several agreements.

He will also attend China's International Import Expo on November 5 in Shanghai during the visit, billed as the most significant one by a Pakistani Prime Minister to China in recent years.

Reports in the Pakistan media said Khan was accompanied by Foreign Minister Shah Mehmood Qureshi, Finance Minister Asad Umar, Advisor on Commerce and Trade Abdul Razzak Dawood, Railways Minister Sheikh Rasheed among others.

Khan's visit evoked considerable interest here as it comes in the wake of his past criticism of the USD 50 billion China-Pakistan Economic Corridor (CPEC) projects and remarks by his ministers to cut down some of the projects over debt concern.

The cricketer-turned-politician, during his first visit to China, is also expected to seek more Chinese loans to avoid approaching International Monetary Fund (IMF) for a bailout package.

He secured USD three billion funding from his recent visit to Saudi Arabia besides differed payment for oil imports worth about USD three billion for a year.

Pakistan has already approached the IMF but is concerned about the stringent conditions the international lender may impose specially to scrutinise the CPEC projects.

For its part, China is also concerned about critical remarks made by Ministers from Khan's Cabinet.

While Dawood told the Financial Times that some of the agreements were unfair to Pakistani companies and should be put on hold for a year, Rashid said that Pakistan wants to cut the size of the USD eight billion Karachi-Peshawar rail line, the biggest project of the CPEC, by USD two billion.

The statements evoked serious concerns in China as the CPEC is the flagship project of Xi's pet project multi-billion-dollar Belt and Road Initiative (BRI).

The CPEC has also become a major irritant in India-China relations with New Delhi voicing its opposition to the infrastructure project as it traverses through Pakistan-occupied Kashmir (PoK).

Khan, however, assured his support to the CPEC when Chinese State Councillor and Foreign Minister Wang Yi visited Islamabad in September.

China also agreed to address his concerns that the CPEC projects were mainly benefitting the dominant Punjab region and the new projects will focus on the western region of Balochistan and Khyber Pakhtunkhwa.

From Beijing's point of view, Pakistan's criticism of the project was a shocker, specially after China's takeover of Sri Lanka's Hambantota port on a 99-year lease as debt swap.

China is concerned over cash-strapped Pakistan's plans to approach the IMF for a bailout package amid assertions by the global lender officials to scrutinise the CPEC loans.

Beijing is also uncomfortable over Pakistan roping in Saudi Arabia to invest in Balochistan bordering Iran.

The province is key to the CPEC as it terminates at the strategic Gwadar port. The CPEC connects China's Xinjiang province with Gwadar through a rail, road and pipeline network.

China do not want the CPEC projects to get caught in the Saudi-Iran rivalry. For its part, China has been giving a top billing for Khan's visit and vehemently deny the debt concerns.

Khan's visit to China will provide an "opportunity" for the two countries to open a "new chapter" of bilateral relations "under the new circumstances," Chinese Foreign Ministry spokesman Lu Kang said on Monday.

Lu also refuted criticism that the CPEC is causing financial and debt problems for Pakistan, saying Islamabad has already made it clear that debts incurred by the CPEC only account for a very small portion of Pakistan's total debts and is not a reason why the country is experiencing financial difficulties.

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News Network
November 10,2024

Bengaluru: The Karnataka government has warned that disciplinary action will be taken against those officials who change the land mutation records and serve eviction notices to farmers under the Waqf Act.

In a letter, the Revenue Department Principal Secretary Rajender Kumar Kataria reminded all regional commissioners and deputy commissioners in the districts that Chief Minister Siddaramaiah recently had a meeting following complaints about certain land properties being made in favour of the Karnataka Board of Waqfs.

In the meeting it was decided that all the directions issued previously by any government office or authority to change the mutation records has been withdrawn, the letter said.

It added that all the notices served in the past have also been withdrawn and no action should be taken against the farmers who are cultivating on the said land.

On the directions of the chief minister, the previous letters and the latest reminders served on November 7 to the farmers and land owners have been withdraw, the letter said.

"The officials who served reminder-2 despite the chief minister's direction will face appropriate disciplinary action," Kataria said in his letter.

He said he has been instructed to strictly implement the chief minister's direction.

The fresh direction was issued in poll-bound Karnataka, where bypolls to three crucial assembly segments are due on November 13.

Some farmers in Honwad village in Vijayapura in north Karnataka had alleged last month that they were served eviction notices as the Waqf Board claimed rights over it.

Subsequently, complaints started in pouring in from some other parts of the state.

BJP leader Tejasvi Surya on October 25 alleged that Karnataka Waqf Minister B Z Zameer Ahmed Khan directed the deputy commissioners and revenue officials to register lands in favour of the Waqf Board within 15 days, which resulted in confusion.

On Surya's request, the Chairman of the Joint Committee of Parliament on the Waqf (Amendment) Bill, Jagdambika Pal visited Karnataka on November 7 and met farmers in Hubballi, Vijayapura and Belagavi districts who had alleged that their lands were marked as Waqf properties.

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News Network
November 19,2024

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News Network
November 7,2024

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In a significant gesture towards a smooth transition, President Joe Biden invited President-elect Donald Trump to the White House to discuss the transfer of power, following a pledge from Vice President Kamala Harris to uphold a peaceful handover.

Vice President Harris, in a heartfelt address last night, publicly acknowledged Trump’s victory and assured her full commitment to a respectful and orderly shift in governance. "Our allegiance is not to any individual but to the Constitution itself," Harris emphasized, highlighting the need for national unity and respect for democratic processes.

Reports from The Washington Post reveal that Trump’s team is already hard at work on transition plans, actively considering candidates for key Cabinet positions. For Treasury Secretary, billionaire investor John Paulson and economic strategist Scott Bessent are in the running, while Senator Marco Rubio and former acting Director of National Intelligence Richard Grenell are top contenders for Secretary of State.

Additionally, the Trump camp is eyeing influential figures for strategic roles. North Dakota Governor Doug Burgum and former primary rival Vivek Ramaswamy are rumored to be cabinet-bound, with Senator Tom Cotton potentially taking on the role of Defense Secretary. The highest priority, however, is securing a Chief of Staff, with Trump advisor Susie Wiles and Brooke Rollins among the frontrunners for this critical post.

Trump's campaign has reportedly conducted a rigorous vetting process, aimed at bringing loyalists into his administration to ensure alignment with his goals. Campaign spokesperson Karoline Leavitt confirmed that personnel selections would be announced soon, while Trump spokesperson Steven Cheung confirmed that White House transition talks are imminent.

Adding to the intrigue, there are whispers that Robert F. Kennedy Jr. might take on a prominent role in restructuring health and food safety agencies. Known for his controversial views on vaccines, Kennedy’s potential appointment is already sparking debates across the political spectrum.

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