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Pak convinces Saudi to set up $12 bn refinery, petrochemical complex

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The Shehbaz Sharif government has succeeded in persuading Saudi Arabia to revive a major project shelved during the PTI government and establish a state of the art deep conversion refinery along with a petrochemical complex in Pakistan.

A high-powered delegation of the kingdom, headed by Crown Prince Mohammad Bin Salman, is coming to Pakistan in the last week of November during which a formal announcement is expected in this regard, The News reported.

The Pakistani side, according to the report, made huge efforts to persuade the kingdom to honour the MoUs and invest in the South Asian nation.

Islamabad also put its weight behind Riyadh, which has locked horns with Washington over the cut in oil supply in the international market, The News reported.

In February 2019, during the visit of Mohammad Bin Salman to Pakistan, Saudi Arabia signed MoUs for an investment of $21 billion in various sectors of the economy, including for the project of a deep conversion refinery and petrochemical complex with an investment of $12 billion.

The Saudi oil giant Aramco also conducted a study in this regard which found that setting up a refinery in Gwadar was not feasible.

However, it can be established at Hub, Balochistan, or near Karachi, the official said, The News reported.

Later, when the ties of Imran Khan’s government got strained with Saudi Arabia, the top decision-makers of the kingdom virtually put MoUs of $21 billion on the backburner signed in February 2019, the official said.

Now in the latest scenario, the official said, the Ministry of Petroleum is working on an upgrade of the draft for the refining policy to allure investment for setting up new refineries.

The government is making up its mind to offer the investors profitability at 14-15 per cent against the offer of 9 per cent, earlier offered in the draft for refining policy prepared by the PTI government, apart from increasing the tax holiday’s scope.

The government also wants investment from China for a refinery and to this effect, Prime Minister Shehbaz Sharif, during his upcoming visit to China, will offer Beijing to set up a refinery in Pakistan.

International News

PM Modi And UAE President Mohammed Bin Zayed Reaffirm Commitment To Deepen Comprehensive Strategic Partnership

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New Delhi: Prime Minister Narendra Modi and UAE President Mohammed bin Zayed Al Nahyan reaffirmed their commitment to deepen the Comprehensive Strategic Partnership, the official statement by the Prime Minister’s Office (PMO) said.

According to the release, PM Modi spoke yesterday with the President of the UAE over the telephone, and the two leaders reaffirmed their mutual commitment to further strengthening the bilateral Comprehensive Strategic Partnership between India and the UAE.

“They positively assessed the remarkable progress made across various sectors of bilateral cooperation and laid emphasis on further developing and deepening collaboration for the shared benefit of the peoples of both countries,” the release said.

Moreover, the UAE President also extended congratulations to PM Modi on becoming the second longest-serving Prime Minister in India’s history and wished him continued success in his service to the nation, the press release added.

Similarly, PM Modi also thanked the UAE President for his gracious wishes and the affection he expressed for the people of India.

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International News

Thailand, Cambodia Clash With Jets, Rockets, Artillery In Deadly Border Row

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Thailand launched air strikes on Cambodian military targets on Thursday as Cambodia fired rockets and artillery, killing a civilian, in a dramatic escalation of a long-running border row between the two neighbours.

The neighbours are locked in a bitter spat over an area known as the Emerald Triangle, where the borders of both countries and Laos meet, and which is home to several ancient temples.

The squabble has dragged on for decades, flaring into bloody military clashes more than 15 years ago and again in May, when a Cambodian soldier was killed in a firefight.

The conflict blazed up on Thursday, with Cambodia firing rockets and artillery shells into Thailand and the Thai military scrambling F-16 jets to carry out air strikes.

Six jets were deployed from Ubon Ratchathani province, hitting two “Cambodian military targets on the ground”, according to Thai military deputy spokesperson Ritcha Suksuwanon. 

The Thai prime minister’s office said a Cambodian artillery shell hit a house over the border, killing one civilian and wounding three others, including a five-year-old child.

Both sides blamed the other for starting the fighting, which erupted near two temples on the border between the Thai province of Surin and Cambodia’s Oddar Meanchey.

“The Thai military violated the territorial integrity of the Kingdom of Cambodia by launching an armed assault on Cambodian forces stationed to defend the nation’s sovereign territory,” defence ministry spokeswoman Maly Socheata said in a statement.

“In response, the Cambodian armed forces exercised their legitimate right to self-defence, in full accordance with international law, to repel the Thai incursion and protect Cambodia’s sovereignty and territorial integrity.”

The Thai military blamed Cambodian soldiers for firing first, and later accused them of a “targeted attack on civilians”, saying two BM-21 rockets had hit a community in Surin’s Kap Choeng district, wounding three people.

According to the Thai military, the clashes began around 7:35 am (0035 GMT) when a unit guarding Ta Muen temple heard a Cambodian drone overhead.

Later, six armed Cambodian soldiers, including one carrying a rocket-propelled grenade, approached a barbed-wired fence in front of the Thai post, the army said.

Thai soldiers shouted to warn them, the army said, but around 8:20 am, Cambodian forces opened fire toward the eastern side of the temple, about 200 metres from the Thai base. 

Thailand’s acting Prime Minister Phumtham Wechayachai said “the situation requires careful handling, and we must act in accordance with international law”.

“We will do our best to protect our sovereignty,” he said.

Thailand’s embassy in Phnom Penh urged its nationals to leave Cambodia “as soon as possible” unless they had urgent reasons to remain, in a Facebook post.

Long-Running Row 

The violence came hours after Thailand expelled the Cambodian ambassador and recalled its own envoy in protest after five members of a Thai military patrol were wounded by a landmine. 

Wechayachai said an investigation by the Thai military found evidence that Cambodia had laid new landmines in the disputed border area — a claim denied by Phnom Penh.

On Thursday morning, Cambodia announced it was downgrading ties to “the lowest level”, pulling out all but one of its diplomats and expelling their Thai equivalents from Phnom Penh.

Recent weeks have seen a series of tit-for-tat swipes by both sides, with Thailand restricting border crossings and Cambodia halting certain imports.

The border row also kicked off a domestic political crisis in Thailand, where prime minister Paetongtarn Shinawatra has been suspended from office pending an ethics probe over her conduct.

A diplomatic call between Paetongtarn and Hun Sen, Cambodia’s former longtime ruler and father of Prime Minister Hun Manet, was leaked from the Cambodian side, sparking a judicial investigation.

Last week, Hun Manet announced that Cambodia would start conscripting civilians next year, activating a long-dormant mandatory draft law.

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International News

Mumbai Police Reach Kapil Sharma’s House After Kap’s Cafe Firing In Canada

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Hours after shots were fired at comedian Kapil Sharma’s eatery, Kap’s Cafe, in Canada, the Mumbai Police on Friday reached his house in Mumbai to question him about the incident. Around 1 am on July 9 (Canada time), several rounds were fired at the cafe, located in Surrey.

Khalistani terrorist Harjeet Singh Laddi claimed the responsibility for the attack, and demanded an apology from Kapil for his alleged objectionable remarks.

the attackers felt that Nihang Sikhs were insulted on Kapil’s show. The report also mentioned that the attackers said the comedian ignored their calls seeking an apology, and that shots were fired at his eatery to warn him.

Kap’s Cafe team issues statement

Kapil is yet to issue an official statement on the incident.

The management of the eatery, however, took to their social media handles and wrote, “We opened Kap’s Cafe with hopes of bringing warmth, community, and joy through delicious coffee and friendly conversation. To have violence intersect with that dream is heartbreaking. We are processing this shock but we are not giving up (sic).”

It further stated, “Your kind words, prayers, and memories shared via DM mean more than you know. This cafe exists because of your belief in what we’re building together. Let’s stand firm against violence and ensure Kap’s Cafe remains a place of warmth and community. From all of us at Kap’s Cafe, thank you and see you soon, under better skies (sic).”

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