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China lauds Pakistan for eliminating terrorist groups; offers weapons

[email protected] (Agencies)
March 17, 2017

Rawalpindi/Beijing, Mar 17: China has acknowledged Islamabad for maintaining peace and stability in the region with special mention of its role in eliminating terrorist groups including the al-Qaeda and Tehreek-e-Taliban Pakistan (TTP).

pcThis came as Pakistan's Chief of Army Staff (COAS) General Qamar Javed Bajwa, who is presently in Beijing on a three-day official visit, held meetings with senior Chinese officials to discuss regional security, economy, defence cooperation and mutual interest.

"Today COAS held meetings at Beijing with Mr Zhang Gaoli Executive Vice Premier, General Fan Changlong Vice Chairman Central Military Commission, General Fang Funghui, Chief of Joint Services Department and General Li Zuocheng Commander People's Liberation Army (PLA). Matters related to regional security, economy, defence cooperation and mutual interest were discussed," the Inter Services Public Relations (ISPR) said in a statement on Thursday.

The visit includes the Army Chief's interactions with the Chinese senior political and military leadership, the statement added.

The statement said that the Chinese leadership expressed complete understanding of the geo-political and economic-cum security environment of the region and its implications for both countries. The Chinese leadership also expressed their concern on the Afghan security situation and growing potential threat of ISIS in Afghanistan. They, however, expressing confidence in security arrangements for the China Pakistan Economic Corridor (CPEC) and satisfaction on progress of the project.

On his part, the Army Chief reiterated that Pakistan Army shall continue to positively contribute towards regional stability and security. General Bajwa thanked the Chinese leadership for sending PLA Army contingent for participation in Pakistan Day Parade. Both sides agreed to continue and further increase their military to military cooperation.

Following Thursday's meeting, some Chinese experts noted that the military cooperation between both sides will be further enhanced especially in weapons and anti-terrorism sectors. "The talks will consolidate and deepen military exchanges between China and Pakistan, while new cooperation on military techniques might also be discussed," the Global Times quoted Song Zhongping, a military expert, as saying.

Weapon exchanges, including the mass production of FC-1 Xiaolong, a lightweight and multi-role combat aircraft developed jointly by the two countries, will be furthered after the meeting, said Song. China's authorization to Pakistan to produce ballistic missiles, cruise missiles, anti-aircraft missiles, anti-ship missiles and main battle tanks in Pakistan is also on the agenda, he added.

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News Network
June 27,2020

Moscow, Jun 27: The number of people who have contracted the coronavirus infection in Russia has increased by 6,852 over the past day to a total of 627,646, the country's COVID-19 Response Center said in a daily update on Saturday.

"Over the past day, 6,852 new COVID-19 cases were confirmed in 85 regions of Russia, including 2,058, or 30 per cent, of asymptomatic cases," the response centre said.

Of the total 6,852 newly detected cases, 750 have been confirmed in Moscow, 366 in Moscow Region, and 280 in the Khanty-Mansi Autonomous Area, according to the report.

The reported daily dynamics included 188 new fatalities, which brought the cumulative death toll to 8,969.

Total recoveries now count 393,352, an increase of 9,200 over the past day, including 1,852 in Moscow, 1,421 in Moscow Region and 716 in St. Petersburg.

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News Network
February 4,2020

Kuala Lumpur, Feb 4: Malaysia said on Tuesday that India's move to cut back on palm oil purchases is "temporary" and will be resolved amicably between the two nations.

Last month, India restricted imports of refined palm oil and asked importers to avoid purchases from Malaysia after its criticism of actions in Kashmir and a new citizenship law.

"Having long-standing bilateral ties, the two nations will overcome the current challenges, and prevail towards mutual and beneficial outcomes," the Malaysian Palm Oil Council said in a statement, citing Primary Industries Minister Teresa Kok.

Malaysia's push to implement B20 biodiesel starting this month will also help sustain high crude palm oil prices, the statement read.

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News Network
May 6,2020

Singapore, May 6: Oil prices slipped back Wednesday after two days of gains, although Brent crude remained above $30 a barrel, as renewed US-China tensions offset optimism about the easing of coronavirus lockdowns.

Brent, the international benchmark, fell 1.1 per cent to $30.63 a barrel in early Asian trade. On Tuesday, the contract surged 14 per cent and rose above $30 for the first time since mid-April.

US marker West Texas Intermediate slipped 1.9 per cent and was changing hands for $24.13 a barrel.

Oil markets have been battered as the virus strangled demand due to business closures and travel restrictions, with US crude falling into negative territory last month for the first time.

They started rallying strongly this week as countries from Europe to Asia ease curbs and economies start shuddering back to life.

But gains were capped Wednesday as dealers follow a brewing US-China row after Donald Trump hit out at Beijing over its handling of the outbreak, saying it began in a Wuhan lab, but so far offering no evidence.

"Traders are incredibly cautious this morning, weighing all the possible China responses," said Stephen Innes, chief global market strategist at AxiCorp.

"And the one that would hurt the most would be for China to reduce imports of US oil."

This week's rally was in part driven by a deal agreed between top producers to reduce output by almost 10 million barrels a day, which came into effect on May 1.

There have also been signs that the massive oversupply in the market is starting to ease as demand slowly comes back.

Energy data provider Genscape said earlier this week that stockpiles at the main US oil depot in Cushing, Oklahoma had increased by only 1.8 million barrels last week following weeks of major rises.

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