President Xi Jinping’s Belt and Road Initiative & cheque-book diplomacy face real-world test of post-Covid financial distress, as nations indebted to China are confronted with default on loans.
Borrowing $10bn for ML-1 could create additional risks for Pakistan as China accounts for 30% of its foreign debt. Analysts draw parallels with Sri Lanka's 'poor' borrowing choices.
Here’s what’s happening across the border: Pakistan has no qualms about sharing loan details with IMF; leaders pay homage to human rights defender Asma Jahangir.
Prime Minister Narendra Modi’s visit to the Sultanate of Oman this month offers a good opportunity to look at India-Oman relations in a long historical perspective.
With the US-India trade deal yet to get done, rupee depreciation may be helping to mitigate India’s loss of competitiveness. The other problem is extreme despondence among overseas equity investors.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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