CPEC is a core project of OBOR and aims to connect the neighborhoods of East and West Asia making Pakistan both a conduit and destination for cross-regional investment and trade: PM
Prime Minister Nawaz Sharif has said peace and development are interlinked and achieving economic development through regional cooperation is the only way to ensure peace and security.He was addressing the plenary session of the One Belt One Road Forum in Beijing on Sunday.The Prime Minister said the Forum provides pathways for economic and financial cooperation, business-to-business collaboration, and people-to-people contacts.One Belt-One Road is an inter-continental mega-project offering unprecedented opportunities and partnerships in energy, trade, infrastructure, telecommunications, investment and industrial development. OBOR is the dawn of a truly new era of geo-economic revolution and synergetic intercontinental cooperation. CPEC is a project owned and nurtured by all citizens of Pakistan and is also fully compatible with our own Vision 2025.
Chinese President Xi Jinping says the Belt and Road Initiative is "a project of the century" that will benefit people across the world.The Chinese President said the project envisions inclusive and sustainable growth and takes into account development needs of different countries and regions for common prosperity.China will launch Belt and Road cooperation initiative on trade connectivity together with some sixty countries and international organizations.Xi Jinping said the Initiative focuses not only on the Asian, European and African countries, but is also open to all other nations.
Russian President Vladimir Putin, Turkish President Recep Tayyip Erdogan and UN Secretary General António Guterres also addressed the opening session of the forum and extended their full support to the Chinese Belt and Road initiative for the common benefit of world nations.
PM sideline Meetings
Prime Minister Muhammad Nawaz Sharif hold sideline meetings with Ethiopian Prime Minister Hailemariam Desalegn ,President of Belarus Alexander Lukashenko,President of Vietnam
India skips China's Silk Road summit, warns of "unsustainable" debt
India has not sent an official delegation to attend the “Belt and Road Forum” in Beijing and instead criticised China's global initiative, warning of an “unsustainable debt burden” for countries involved.Government officials from New Delhi did not travel, Indian officials said, although scholars from Indian think-tanks have flown to Beijing to attend some of the meetings at the forum.Indian foreign ministry spokesman Gopal Baglay, asked whether New Delhi was participating in the summit, said India could not accept a project that compromised its sovereignty.
India is incensed that the China-Pakistan Economic Corridor ? one of the key Belt and Road projects ? passes through Kashmir and Pakistan.No country can accept a project that ignores its core concerns on sovereignty and territorial integrity
One of the criticisms of the Silk Road plan is that host countries may struggle to pay back loans for huge infrastructure projects being carried out and funded by Chinese companies and banks.New Delhi's criticism of the Belt and Road initiative came as Xi pledged $124 billion to the plan, and called for the abandonment of old models based on rivalry and diplomatic power games.As well as the corridor through Pakistan, India is worried more broadly about China's economic and diplomatic expansion through Asia, and in particular across countries and waterways that it considers to be its sphere of influence.
Pakistan urges United Nations to take notice of Indian attempts to bring demographic changes to occupied Kashmir.
In a letter to the UN Secretary General Antonio Guterres, the Adviser on Foreign Affairs Sartaj Aziz has specifically pointed out the issuance of permanent residence certificates to non-residents, allotment of land to retired Indian army personnel and issuance of land to non-Kashmiris in the occupied territory.Sartaj Aziz also mentioned the establishment of separate townships for Kashmiri pundits and settlement of West Pakistan refugees to convert Muslim majority of the valley into a minority and preempt the results of UN administered plebiscite.The Adviser said non-implementation of the UN Security Council resolutions is leading to a grave human tragedy in occupied Kashmir.Implementation of the UN Security Council resolutions is the only way to end the immense sufferings of millions of Kashmiris and bring peace and stability to South Asia.Meanwhile, Pakistan's permanent representative to the United Nations Maleeha Lodhi has forwarded the letter of Adviser to the Prime Minister on Foreign Affairs to the world body.
China and Turkey agree to strengthen cooperation in security and counter-terrorism
An understanding to this effect came during a meeting between Chinese President Xi Jinping and his Turkish counterpart Recep Tayyip Erdogan on the sidelines of "One belt One Road" forum in Beijing .The Chinese president said that developing strategic cooperation was in the interest of both the countries.In his remarks, Recep Tayyip Erdoan urged the regional countries to make joint efforts to eliminate the menace of terrorism.
Nepal in talks with China to build $8 billion cross-border rail link: finance ministry official (Reuters)
Nepal is in talks with China to build a cross-border rail link that may cost up to $8 billion, and funding could be expected after Nepal formally signed up to Beijing's Belt and Road initiative, a Nepali finance ministry official said on Sunday.Yug Raj Pandey, an undersecretary at Nepal's Ministry of Finance said the proposed 550 kilometer-long railway would connect China's western Tibet region to Nepal's capital of Kathmandu and will carry goods and passengers.The Himalayan nation officially signed an agreement two days ago to be part of President Xi Jinping's ambitious plan to build a new Silk Road, he said on the sidelines of the Belt and Road Forum in Beijing.
North Korea carries out new ballistic missile test (BBC)
North Korea has test fired a new ballistic missile.According to South Korean and Japanese media, the missile was fired from Kusong region located northwest of Pyongyang it flew for 30 minutes and traveled 700 kilometers before dropping down into the sea between the North Korea's east coast and Japan.Japan has strongly protested against the missile test saying it is a violation of UN resolutions.
In response to the launch, South Korean President Moon Jae-in has also called an emergency National Security Council meeting on Sunday.A statement issued by the White House in Washington termed North Korea's nuclear efforts as unacceptable and called for stronger sanctions against the country.
Various Country leaders described the test launch as a provocative move.
In Iraq, ISIS leaders killed during ‘meeting’ in Al-Qaim (Al-Arabia)
The Iraqi war media cell, announced on Saturday, that they targeted a meeting described as “important” to the leaders of ISIS in the district of al-Qaim, west of Anbar province, indicating that the meeting was a planning to carry out multiple attacks during the coming month of Ramadan.The Intelligence Falcons cell of the intelligence agency and in coordination with the Joint Operations Command carried out a qualitative operation in which it was able to target an important meeting in the al-Qaim district.ISIS militants’ leaders were planning terrorist attacks against citizens during the holy month of Ramadan, the assassination of some judges and targeting the district of Haditha, Al Rutba, and the highway.”
Kashmir could turn out to be Modi’s biggest failure (Gulf News)
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