Pak asks India to halt firing, not to indulge in point-scoring

October 10, 2014

Islamabad, Oct 10: Making a veiled reference to its nuclear capability, Pakistan today sought immediate defusing of tension at the LoC saying "both countries are aware of each other's capabilities" and war was not an option.n shareef

The Pakistani statement came after a meeting of the National Security Committee chaired by Prime Minister Nawaz Sharif which said its earnest desire for normalising bilateral relations and defusing the situation should not be taken as a sign of weakness.

Warning that any attempt to challenge its territorial integrity and sovereignty will be responded with full force, the meeting hoped that both countries would respect the ceasefire agreement of 2003 and maintain tranquility on the border.

Without using the word nuclear, the committee said both countries are aware of each other's capabilities and that war was not an option.

"It is the shared responsibility of the leadership of both countries to immediately defuse the situation," it said.

Briefing the media after the meeting, Interior Minister Chaudhry Nisar Ali Khan said Pakistan would not accept Indian "hegemony" on the border and was prepared to give a "befitting" reply to violation of ceasefire.

"The Committee expressed the resolve that any attempt to challenge Pakistan's territorial integrity and sovereignty will be responded with full force," the statement said.

The meeting was attended among others by select cabinet members, Chairman Joint Chiefs of Staff Committee, the three services chiefs and ISI chief.

"The Armed Forces assured the National Security Committee that they are fully prepared to deal with any adversity at our borders," said the NSC, the key consultative forum for civilian and military leaders to discuss security issues.

The meeting hoped that both countries would respect the "ceasefire agreement of 2003 and maintain tranquility on the LoC and the WB (working boundary), without indulging in blame-game and point-scoring."

India and Pakistan have been trading heavy mortar and gun fire along the international border and LoC since October 1.

While eight people died and 90 others, including 13 security men, were injured in the firing by Pakistani troops in Jammu and Kashmir, in Pakistan 13 civilians have been killed.

"Any further escalation will only complicate the environment for meaningful discussion on Kashmir issue and adversely affect the broader objective of regional cooperation," the committee said.

The Committee, however, made it clear that "Pakistan's earnest desire for normalising bilateral relations and defusing the situation at the LoC should not be seen as a sign of weakness. It is in fact a sign of maturity and sincerity.

The Committee expressed its disappointment that the "sincerity demonstrated by Pakistan has not been reciprocated".

"Abrupt cancellation of the Foreign Secretary-level talks by India and refusal to resume the dialogue process are a setback to our efforts to establish good neighbourly relations and present situation was a further blow to these efforts," it said.

The Committee noted that "these developments have not only disappointed the people in Pakistan and India but the international community too has shared this disappointment."

The Committee further noted with regret the "irresponsible" statements made at the political level in India, in the backdrop of the situation at the border.

It expressed deep concern that the "continuing ceasefire violations by Indian forces" had led to loss of precious lives and injuries to innocent people, including soldiers.

"Sadly, the unprovoked violations of ceasefire by the Indian Security Forces occurred in total disregard of the auspicious and festive occasion of Eid-ul Azha," it said.

The Committee expressed its full confidence in the capability of Armed Forces to defend the country against any aggression and safeguard the territorial integrity of Pakistan.

The Committee noted that the Government of Pakistan has pursued a policy of peaceful relations with all its neighbours.

"Initiation of peace dialogue of the 1990s, and more recently, participation of Prime Minister Nawaz Sharif in Indian Prime Minister Narendra Modi's oath-taking ceremony are a manifestation of Pakistan's sincere desire to constructively engage India to establish durable peace in the region," it said.

"We say yes to peace but no to hegemony," Khan said.

He said military officials had informed him that the India's Border Security Force had been using heavy ammunition, unlike previous instances of ceasefire violations.

Khan rejected Indian charge of Pakistan army starting the fight and said that Pakistan was already fighting a war on its western border against militants and had no reason to engage in this ‘adventurism'.

The interior minister said Pakistan Army is capable of fighting local and foreign enemies and will ensure the safety of the country.

"Kashmir is the reason for the dispute and recent escalation of border clashes,” Nisar said.

He promised to work for peace and said Pakistan has taken positive steps to improve relations with India, including Sharif's visit to New Delhi in May to attend his Indian counterpart Narendra Modi's swearing-in ceremony.

He said India instead of reciprocating the gesture of goodwill by Pakistan cancelled the foreign secretary-level bilateral talks on a baseless reason.

"Meeting with Hurriyat leaders is routine and not uncommon," Nisar said.

He said Advisor on Foreign Affairs Sartaj Aziz has been asked by Sharif to write a letter to the UN Secretary General Ban Ki-moon to highlight the ceasefire violations by India.

Khan said the Foreign Office will also brief the diplomats in Islamabad about the tension.

He said the official of UN observer mission in Pakistan will be taken to the border to help them ascertain who started the fighting.

Khan said firing by Indians seemed to have a specific purpose and asked India to realise that Pakistan was a nuclear power.

Earlier, the chief of army staff General Raheel Sharif, naval chief Admiral Zakullah and Advisor on Foreign Affairs Sartaj Aziz separately met with the prime minister and discussed matters pertaining to national security.

The NSC meeting was called after Sharif came under fire from Opposition leaders for not standing up to the alleged Indian "aggression" at the border.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
June 6,2020

Washington, Jun 6: Washington mayor Muriel Bowser on Friday renamed an area near the White House that has become the epicenter of anti-racism protests over the past week "Black Lives Matter Plaza" -- unveiling a giant street mural.

But in so doing, the African-American mayor piqued the ire of the very movement she was supporting, as well as of President Donald Trump.

The protests are focused on the May 25 death in Minneapolis of 46-year-old black man George Floyd while in police custody. A white officer kneeled on his neck until he lost consciousness.

That officer and three others are now in custody and facing charges -- second-degree murder for the kneeling officer, and aiding and abetting that crime for his colleagues.

Just north of the White House, the words BLACK LIVES MATTER were painted in huge yellow letters along the street leading to the presidential mansion, along with the symbol from the DC flag.

"The section of 16th street in front of the White House is now officially 'Black Lives Matter Plaza'," Bowser tweeted.

A city worker put up a new street sign with the name.

"Determination to make America the land it ought to be," she said on Twitter.

The corner of 16th and H is significant -- in a controversial incident on Monday, peaceful protesters gathered there were dispersed with tear gas.

Shortly afterwards, Trump walked from the White House to a nearby church for a photo op, during which he held the Bible in his hand.

"There was a dispute this week about whose street this is. Mayor Bowser wanted to make it abundantly clear that this is DC's street and to honor demonstrators" who protested on Monday, her chief of staff John Falcicchio tweeted.

Rose Jaffe, one of the artists in the collective that painted the BLACK LIVES MATTER sign, told AFP it was "about reclaiming the streets of DC."

But she added that Bowser "has to do more than just a photo-op -- she must carry on when this is washed away" on issues like police accountability.

Stars Like LeBron James praised her move on Twitter, but the local chapter of the Black Lives Movement balked, calling the mural a "performative distraction from real policy changes."

"This is to appease white liberals while ignoring our demands," it said on Twitter, saying Bowser had "consistently been on the wrong side" of the movement.

'We are well equipped'

The US government deployed a significant contingent of federal officers and National Guard troops from other states -- many of them not wearing any identifying garb or badges -- to handle protests in Washington.

Bowser had called up the local Guardsmen but the Justice Department moved to take partial control of peacekeeping, with Guard troops from as far away as Utah brought in.

In a letter to Trump dated Thursday and tweeted early Friday, Bowser called for "all extraordinary federal law enforcement and military presence" to be removed.

She said their deployment was "inflaming demonstrators and adding to the grievances of those who, by and large, are peacefully protesting for change and for reforms to the racist and broken systems that are killing black Americans."

"These additional, unidentified units are operating outside of established chains of command," she added.

"We are well equipped to handle large demonstrations and First Amendment activities," including the right to assemble, Bowser said.

Trump reiterated on Friday that authorities need to "dominate the streets," and has been unapologetic about the deployment of forces.

And on Twitter, he lashed out at Bowser, calling her "incompetent" and saying the National Guard had saved her from "great embarrassment."

Senator Mike Lee of Utah accused Bowser of evicting Utah National Guard members from area hotels.

She replied: "DC residents cannot pay their hotel bills. The Army can clear that up with the hotel today, and we are willing to help."

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
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.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
April 13,2020

Manila, Apr 13: The Asian Development Bank (ADB) on Monday tripled the size of its response to novel coronavirus disease (COVID-19) pandemic to 20 billion dollars and approved measures to streamline its operations for quicker and more flexible delivery of assistance.

The package expands ADB's 6.5 billion dollars initial response announced on March 18, adding 13.5 billion dollars in resources to help ADB's developing member countries counter the severe macroeconomic and health impacts caused by COVID-19.

The 20 billion dollar package includes about 2.5 billion dollars in concessional and grant resources.

"This pandemic threatens to severely set back economic, social, and development gains in Asia and the Pacific, reverse progress on poverty reduction and throw economies into recession," said ADB President Masatsugu Asakawa.

"Our expanded and comprehensive package of assistance, made possible with the strong support of our board, will be delivered more quickly, flexibly and forcefully to the governments and the private sector in our developing member countries to help them address the urgent challenges in tackling the pandemic and economic downturn," he said in a statement.

ADB's most recent assessment released on April 3 estimates the global impact of the pandemic at between 2.3 and 4.8 per cent of gross domestic product. Regional growth is forecast to decline from 5.2 per cent last year to 2.2 per cent in 2020.

The new package includes the establishment of a COVID-19 pandemic response option under ADB's countercyclical support facility.

Up to 13 billion dollars will be provided through this new option to help governments of developing member countries implement effective countercyclical expenditure programs to mitigate impacts of the COVID-19 pandemic, with a particular focus on the poor and the vulnerable.

Grant resources will continue to be deployed quickly for providing medical and personal protective equipment and supplies from expanded procurement sources.

Some 2 billion dollars from the 20 billion dollar package will be made available for the private sector. Loans and guarantees will be provided to financial institutions to rejuvenate trade and supply chains.

Enhanced microfinance loan and guarantee support and a facility to help liquidity-starved small and medium-sized enterprises, including those run by female entrepreneurs, will be implemented alongside direct financing of companies responding to or impacted by COVID-19.

The response package includes a number of adjustments to policies and business processes that will allow ADB to respond more rapidly and flexibly to the crisis. These include measures to streamline internal business processes, widen the eligibility and scope of various support facilities and make the terms and conditions of lending more tailored.

All support under the expanded package will be provided in close collaboration with international organisations, including the International Monetary Fund, World Bank Group, World Health Organisation, UNICEF, other UN agencies and the broader global community.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.