Pak seeks bigger SAARC to counter India's influence

October 12, 2016

Islamabad, Oct 12: Pakistan is exploring the possibility of creating a greater South Asian economic alliance to include China, Iran and neighbouring Central Asian republics as part of its bid counter India's influence in SAARC, a media report said today.pak

Dawn News, citing diplomatic observers, said Pakistan is exploring the possibility of creating a greater South Asian economic alliance to counter India's "controlling hold" on the eight-member South Asian Association for Regional Cooperation (SAARC).

A parliamentary delegation from Pakistan, which is now in New York, pitched this idea during its five-day visit to Washington last week, the report said.

"A greater South Asia is already emerging," Senator Mushahid Hussain Syed was quoted as saying in one of his interactions with the media.

"This greater South Asia includes China, Iran and the neighbouring Central Asian republics," he said.

He described the China-Pakistan Economic Corridor as the key economic route linking South Asia with Central Asia.

The Gwadar port, Syed said, would be the nearest warm water port, not only for China but also for the land-locked Central Asian states. "We want India to join this arrangement as well," said Syed.

Indians are "unlikely to accept" the offer as they are comfortable with the advantage that SAARC provides them, the report said.

"India used its influence in SAARC to isolate Pakistan when it announced that it would not attend the regional group's 19th summit, scheduled in Islamabad," the report said.

Citing continuous cross border terrorism by Pakistan, India had announced last month that "in the prevailing circumstances, the Indian government is unable to participate in the proposed Summit in Islamabad."

Besides India, four other SAARC members -- Bangladesh, Bhutan, Sri Lanka and Afghanistan -- had also pulled out of the summit.

"Among the eight SAARC nations, Afghanistan and Bangladesh are India's strong allies while Bhutan, surrounded by India from all sides, is too small to resist any move from New Delhi. The Maldives, Nepal and Sri Lanka have good ties with Pakistan, but they are not large enough to take on India," the report said.

The report cited that a senior diplomat had confirmed reports that Pakistan is actively seeking a new regional arrangement.

"Apparently, the showdown forced Pakistan to conclude that in its present shape, SAARC will always be dominated by India. That's why they are now talking about a greater South Asia," the diplomat was quoted as saying.

"Pakistan hopes that this new arrangement will give it more room to manoeuvre when India tries to force a decision on it," another diplomat said.

The report quoted diplomatic observers in Washington as saying that the proposed arrangement also suits China as it is also worried about India's rapidly growing influence in the region.

"They argue that China can play an important role in persuading Central Asian republics and Iran to join the new arrangement. But the observers warn that SAARC members will have little interest in supporting the idea," the report said.

"There is not much benefit for Bangladesh, Nepal and Sri Lanka in joining a land route far from their borders and Bangladesh and Sri Lanka have their own ports," it said.

The report stated thatt he member that is likely to get the most benefits from a greater South Asian alliance is Afghanistan, which is technically a land-locked Central Asian nation.

Any trade route that links South and Central Asian regions is good for Afghanistan, it noted.

"But observers believe that Afghanistan is too closely linked to India to join any arrangement that hurts India's interests. Afghanistan's presence in SAARC, however, justifies Pakistan's argument that Central Asian nations can be included in a greater South Asia.

Afghanistan applied for SAARC membership in 2006 and joined a year later, generating an interesting debate on the definition of South Asian identity because Afghanistan is a Central Asian country, the report said.

"But, as a South Asian diplomat pointed out, even if a greater South Asia became reality, there's no guarantee that its members would support Pakistan in its disputes with India," it said.

"Many Central Asian states have strong ties with India and Iran too has problems with Pakistan," the diplomat was quoted as saying.

Comments

Rikaz
 - 
Wednesday, 12 Oct 2016

India should not have cancelled this conference....

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News Network
June 25,2020

Jun 25: Tencent Holdings Ltd.'s $40 billion surge this week and the recent ascent of Pinduoduo Inc. have reshuffled the ranking of China's richest people.

The country's largest game developer has surpassed Alibaba Group Holding Ltd. as Asia's most-valuable company, with its shares rising above HK$500 in intraday trading Wednesday for the first time. Pinduoduo, a Groupon-like shopping app also known as PDD, has more than doubled this year.

The rallies have propelled the wealth of their founders, with an added twist: Tencent's Pony Ma, worth $50 billion, has surpassed Jack Ma's $48 billion fortune, becoming China's richest person. And Colin Huang of PDD, whose net worth stands at $43 billion, has squeezed real estate mogul Hui Ka Yan of China Evergrande Group out of the top three earlier this year, according to the Bloomberg Billionaires Index.

The coronavirus pandemic has accelerated the digitization of the workplace and changed consumers' habits, boosting shares of many internet companies. Now tech tycoons are dominating the ranks of China's richest people. They occupy four of the top five spots: Ding Lei of Tencent peer NetEase Inc. follows China Evergrande's Hui.

‘Perform Strongly'

Tencent has come a long way since hitting a low in 2018, when China froze the approval process for new games. Since then, the stock has almost doubled, and last month the tech giant reported a 26 per cent jump in first-quarter revenue.

“Tencent's online games segment will probably perform strongly through the Covid-19 pandemic, and most of its other businesses are relatively unscathed,” said Vey-Sern Ling, a Bloomberg Intelligence analyst.

That has been a boon for Pony Ma, 48, who owns a 7 per cent stake in the company and pocketed about $757 million from selling some 14.6 million of his Tencent shares this year, data complied by Bloomberg show.

The native of China's southern Guangdong province studied computer science at Shenzhen University and was a software developer at a supplier of telecom services and products before co-founding Tencent with four others in the late 1990s. At the time, the company focused on instant-messaging services.

It has been a long comeback for Pony Ma. He overtook real estate tycoon Wang Jianlin as China's second-richest person in 2013 and topped Baidu Inc.'s Robin Li as the wealthiest in early 2014. Later that year, Alibaba went public in the U.S., catapulting Jack Ma's fortune.

Bloomberg Intelligence's Ling notes, however, that Tencent's jump this year has lagged behind some internet peers, especially those in e-commerce, games and online entertainment. Just consider: Tencent shares have climbed 31 per cent in 2020, while PDD's American depositary receipts have more than doubled. Alibaba, meanwhile, has advanced just 6.9 per cent.

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News Network
March 18,2020

Washington, Mar 18: Hundreds of distressed Indian students, stuck in the Philippines, are seeking help through video messages as they are unable to fly back home due to the travel restrictions imposed by India to contain the spread of the deadly novel coronavirus, according to friends and relatives of some of these students in the US.

The Indian government on Tuesday banned the entry of passengers from Afghanistan, Philippines and Malaysia to India with immediate effect amid stepped up efforts against the spread of COVID-19.

In a video message by one of these students Akhil Bala Nair, around 200 Indian students had booked their flight tickets for India in the next few days. But all of them have been cancelled due to the new policy.

Most of the students, she said, had booked their flights for March 17 and rest were schedule to travel to India on March 19 and 20. But the flights were cancelled and scores of Indian students are now stuck at the airport in Manila, Nair said in the video message sent to Prem Bhandari, head of the Jaipur Foot USA.

“It is need of the hour that the Indian government send a plane to bring these Indian students back home,” Bhandari, who in the past has worked for the cause of the Indian diaspora, and who was approached by these students told PTI.

According to these students, some 100 of them have been at the airport since Tuesday.

They all have confirmed tickets but the airport authorities are not allowing them to check in because of the new travel regulations.

While the airport authorities have asked them to go back to their respective place of residence, the students said they were unable to travel because of the absence of local taxi or shared ride services.

The students said that they are running out of time as the Philippines government has given them 72 hours time to exit the country, which started from March 16, after which the country will go into lockdown.

“This means we would not be able to travel anywhere outside Philippines after March 20,” Nair said in her message.

The students said that there are many of them who have applied for renewal of their visas and are unable to travel to India.

There are nearly 1,000 Indian students presently in Manila who are willing to travel back home, they said.

Meanwhile, the Indian Embassy in Manila, in a tweet, said that they, along with the Ministry of External Affairs, are trying to work out a solution.

“It is requested to all to kindly have patience,” the embassy said.

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News Network
June 29,2020

Paris, Jun 29: More than half a million people have been killed by the novel coronavirus, nearly two thirds of them in the United States and Europe, according to an news agency tally at 2200 GMT Sunday based on official sources.

The official death count for the disease now stands at 500,390 deaths from 10,099,576 cases recorded worldwide. The United States has suffered the highest death count (125,747), followed by Brazil (57,622) and the United Kingdom (43,550).

The tallies, using data collected by AFP from national authorities and information from the World Health Organization (WHO), probably reflect only a fraction of the actual number of infections.

Many countries are testing only the most serious cases.

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