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Crisis-hit SL asks China to restructure debt repayments

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 Sri Lankan President Gotabaya Rajapaksa has asked China to restructure the crisis-hit island nation’s debt repayments as part of efforts to help the South Asian country navigate its worsening financial situation, the BBC reported.

Rajapaksa made the request during a meeting with Chinese Foreign Minister Wang Yi on Sunday.

In the last decade, China has lent Sri Lanka over $5 billion for projects including roads, an airport and ports, the BBC report said.

China is Sri Lanka’s fourth biggest lender, behind international financial markets, the Asian Development Bank and Japan.

But critics say the money was used for unnecessary schemes with low returns.

“The President pointed out that it would be a great relief to the country if attention could be paid on restructuring the debt repayments as a solution to the economic crisis that has arisen in the face of the Covid-19 pandemic,” Rajapksa’s office said in a statement.

The statement also said China was asked to provide “concessional” terms for its exports to Sri Lanka, which amounted to around $3.5 billion last year, without providing further details, the report added.

Rajapaksa also offered to allow Chinese tourists to return to Sri Lanka provided they adhere to strict coronavirus regulations.

Before the pandemic, China was Sri Lanka’s main source of tourists and it imports goods from the Asian giant more than from any other country.

In recent months, Sri Lanka has been experiencing a severe debt and foreign exchange crisis, which has been made worse by the loss of tourist income during the pandemic, the BBC report said.

The country has received billions of dollars of soft loans from China but the island-nation has been engulfed in a foreign exchange crisis which some analysts have said has pushed it to the verge of default, as per the BBC report.

Sri Lanka has to repay about $4.5 billion in debt this year starting with a $500 million international sovereign bond, which matures on January 18.

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I am good at solving wars: Trump says he will resolve Afghanistan-Pakistan conflict

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Washington, Oct 13: US President Donald Trump has expressed his intention to mediate the border conflict between Pakistan and Afghanistan, claiming that he can bring an end to the dispute, referring to the other wars that he has “resolved”.

He made these statements as he was heading to Egypt for a summit on the Gaza peace process, which will officially mark the end of the two-year-long conflict in the Middle East, claiming it to be the eighth war he has resolved.

Speaking to reporters, Trump said, “This will be my eighth war that I have solved, and I hear there is a war now going on between Pakistan and Afghanistan.”

“I said, I’ll have to wait till I get back. I am doing another one. Because I am good at solving wars,” he said, adding that conflicts that lasted for decades were solved ‘relatively quickly’ during his tenure as the US President.

“Think about India, Pakistan. Think about some of the wars that were going on for years… We had one going for 31, one going for 32, one going for 37 years, with millions of people being killed in every country, and I got every one of those done, for the most part, within a day. It’s pretty good,” Trump said.

Speaking about the Nobel Peace Prize, which was accorded to Venezuelan opposition leader Maria Corina Machado, Trump said, “I did not do this for the Nobel. I did this for saving lives.”

“The person who got the Nobel Prize called me today and said, ‘I am accepting this in honour of you, because you really deserved it’. I’ve been helping her along the way,” he added.

Trump outlined several international disputes that he asserted were resolved during his leadership, including those between Armenia and Azerbaijan, Kosovo and Serbia, Israel and Iran, Egypt and Ethiopia, and Rwanda and the Congo.

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Netanyahu says Israel’s military campaign ‘not over’ despite Gaza ceasefire

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Jerusalem, Oct 13: Israeli Prime Minister Benjamin Netanyahu said that the country’s military campaign “is not over,” on the eve of the planned release of all living Israeli hostages and hundreds of Palestinian detainees under the next stage of the newly implemented Gaza ceasefire with Hamas.

In a televised address, Netanyahu hailed the planned release of the 20 remaining living hostages as a “historic event,” Xinhua news agency reported.

“Wherever we fought, we won,” he said. “But the campaign is not over yet,” he added, without giving further details.

He said Israel still faces “very big security challenges” ahead. “Some of our enemies are trying to regroup,” he warned, vowing to ensure Israel’s security.

Earlier in the day, Israel’s military chief Eyal Zamir said that the country had achieved a “victory over Hamas.” In a broadcast statement, Zamir said the victory came through a combination of sustained military pressure and diplomatic efforts.

Zamir added that Israel remains “in the midst of a multi-front war.” He said the military “will continue to act in order to shape a security reality that ensures the Gaza Strip no longer poses a threat to the State of Israel and its civilians. Through our operations, we are reshaping the Middle East and our security strategy for the years ahead.”

The Israel-Hamas ceasefire went into effect on Friday, following more than two years of Israeli bombardments that devastated the Gaza Strip and caused famine.

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Pakistan fears losing more than diplomatic ground with Kabul turning to India

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New Delhi, Oct 10: Pakistan could never imagine that a group it once raised and used to spread terror in neighbouring countries would one day run a government and realise that diplomacy does not flow out of the barrel of a gun.

When on the receiving end, Pakistan’s Defence Minister Khawaja Asif stated that Islamabad has “run out” of patience over the use of Afghan soil by “terrorists targeting Pakistan”.

He has also made a bizarre statement, claiming that Afghans have always stood beside India “yesterday, today, and tomorrow”.

If indeed his country had offered support to Afghan refugees, it was to raise a militia, not out of compassion. And all these rhetorics come when Afghanistan’s Foreign Minister Amir Khan Muttaqi is visiting India.

Pakistan has itself soured its relationship with the Taliban, attacking Afghanistan’s border areas, even resorting to aerial bombing, and driving back thousands of refugees from its land to an uncertain future.

Kabul has always refused to recognise the Durand Line – then hurriedly drawn by British occupiers – as a legitimate border.

The porous areas have witnessed intermittent skirmishes, affecting trade and transit. After the withdrawal of US-led troops, Islamabad expected the Taliban to remain eternally grateful and jump to its bidding, but the regime’s assertiveness has disrupted that. Kabul’s diplomatic overtures towards New Delhi have unsettled Pakistan.

While India does not officially recognise the Taliban regime, its pragmatic engagement signals a shift in Kabul’s foreign policy orientation. For Pakistan, this represents a strategic loss and a potential threat.

India’s growing ties with Kabul, combined with its strategic partnership with Iran, amplify these fears.

Possible increase in India’s diplomatic and trade relation with nations in Pakistan’s immediate neighbourhood blow winds of caution for Islamabad.

Meanwhile, Pakistan’s economic ties with Afghanistan have also suffered, with border closures, refugee deportations, and diplomatic tensions having disrupted transit routes.

India’s investment in alternative corridors like the International North–South Transport Corridor (INSTC) and Chabahar bypasses Pakistan entirely.

But following the re-imposition of sanctions against Iran and the Chabahar Port in particular, foreign companies became reluctant to participate in the port’s expansion.

India took over operations in 2018, and used it for trade with Iran and other countries, and also send relief materials to Kabul. Islamabad is eyeing Muttaqi’s India visit warily, fearing diplomatic isolation, where, with India engaging Afghanistan, Iran, and other Central Asian nations, Pakistan risks being left out of regional dialogues.

Increased Indian presence could lead to constricting its operations in intelligence gathering, surveillance, and influence over the region. Thus, Afghanistan’s tilt towards India adds pressure on Pakistan’s western flank.

The Taliban’s refusal to act as Islamabad’s proxy and India’s growing goodwill among Afghans have reshaped the strategic landscape. Pakistan’s view of India’s advantage in Afghanistan is shaped by a sense of strategic reversal.

What was once a zone of influence has become a source of insecurity.

India’s soft-power diplomacy, infrastructure investments, and pragmatic engagement with the Taliban have allowed it to gain ground practically without boots on the ground.

Islamabad now faces two main challenges – managing deteriorating ties with the Taliban and countering India’s expanding influence. But given utterances like those by Khawaja Asif, both seem distant for Pakistan.

As regional dynamics evolve, Afghanistan will remain a critical point in South Asia’s geopolitical chessboard – one where Pakistan’s traditional playbook may no longer suffice.

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