India, Pak ink visa pact; but concern on terror remains

September 8, 2012

kharIslamabad, September 8: India and Pakistan today finally made progress on people-to people contact by inking pacts on a new visa regime and cultural exchanges but there was no headway on New Delhi's concerns on the Mumbai terror attacks case, with Islamabad only assuring that it will bring to book the perpetrators as per its law.

Despite the reiteration of an invitation by Pakistan's top leadership for Prime Minister Manmohan Singh to visit, India remained non-committal on the timing of the trip with External Affairs Minister S M Krishna saying that a "proper atmosphere" and a "worthwhile" outcome was necessary.

Pakistan President Asif Ali Zardari announced immediate release of all Indian fishermen, including those who have not completed their prison terms, terming it as a "goodwill gesture" to mark Krishna's visit.

Krishna and his Pakistani counterpart Hina Rabbani Khar reviewed the last round of talks on all bilateral issues, including, terrorism, Jammu and Kashmir and Siachen and chalked out the roadmap for future round of discussions. The two ministers also chaired the Joint Commission Meeting.

After the talks, Krishna drove to Interior Ministry to ink the new visa pact with Rehman Malik, who termed the signing of the pact as a "positive development" and a "gesture of friendship" from Pakistan.

At a joint press interaction, Khar, who spoke first, made no reference to terrorism in her over 15-minute opening statement but Krishna said both sides agreed that terror continues to pose a threat to peace and security.

In this regard, he said, Pakistan has reiterated its commitment to bring 26/11 perpetrators to justice expeditiously as per the Pakistani law.

Responding to a repeated question on the timing of keenly-awaited Prime Minister Manmohan Singh's visit to Pakistan, Krishna said,"I am hopeful that the visit will take place" but when it will happen he cannot commit.

Krishna said that after his return to Delhi, he will give his assessment to the Prime Minister, to which Khar quickly added that she was sure that the "it will be a positive assessment".

Though both leaders asserted that their ties should not be held hostage, India made it clear that it will not "gloss over" Mumbai attacks which has happened in recent past.

Though noting that there were "positive atmospherics" in the ties, Krishna was very clear on Pakistan addressing India's terror related concerns when he later told reporters that Mumbai (terror attack) was very much on the table and it was upto Pakistan to do a follow up. He also said that "let's walk the talk."

According to sources, Pakistan was reluctant to include reference to 26/11 but India persisted and succeeded.

"The Ministers noted the commitment given by Pakistan during the Interior/Home Secretary talks in May 2012 to bring all the perpetrators of the Mumbai terror attacks to justice expeditiously in accordance with due process of law," the joint statement said.

From Pakistan side, issues like Jammu and Kashmir, which it termed as "core concern", Siachen and Sir Creek were raised with Khar strongly advocating forward movement on Siachen, saying the two countries should not miss out on past opportunities.

She also said the aspiration of Kashmiris should be taken into account while resolving Kashmir issue.

Maintaining that the talks were "cordial, candid and constructive atmosphere", the Ministers reviewed the status of bilateral relations and expressed satisfaction on the holding of meetings on the issues of Counter-Terrorism (including progress on Mumbai trial) and Narcotics Control; Humanitarian issues; Commercial and Economic cooperation; Wullar Barrage/ Tulbul Navigation Project; Sir Creek; Siachen; Peace and Security including CBMs; Jammu and Kashmir; and promotion of Friendly Exchanges.

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News Network
March 28,2020

Washington, Mar 28: The world is in the face of a devastating impact due to the coronavirus pandemic and has clearly entered a recession, the International Monetary Fund said on Friday, but projected a recovery next year.

"We have reassessed the prospects for growth for 2020 and 2021. It is now clear that we have entered a recession as bad or worse than in 2009. We do project recovery in 2021," IMF Managing Director Kristalina Georgieva told reporters at a news conference.

Georgieva was addressing the press after a meeting of governing body of the IMF, the International Monetary and Financial Committee. Representing 189 members, the body met virtually to discuss the unprecedented challenge posed to the world by COVID-19.

The key to recovery in 2021, she said, is only if the international community succeeds in containing the virus everywhere and prevent liquidity problems from becoming a solvency issue.

"The US is in recession, as is the rest of the advanced economies of the world. And in a big chunk of developed and emerging markets in developing economies. How severe? We are working now on our projections for 2020, Georgieva said in response to a question.

The new projections are expected in the next few weeks.

Stressing that while containment is the main reason for the economy to stand still and get into a recession, she said containment is very necessary to come out of this period and step in to recovery. "Until the virus is not contained, it would be very difficult to go to the lives we love."

"A key concern about a long-lasting impact of the sudden stop of the world economy is the risk of a wave of bankruptcies and layoffs that not only can undermine the recovery. But can erode the fabric of our societies," the IMF chief said.

To avoid this from happening, many countries have taken far-reaching measures to address the health crisis and to cushion its impact on the economy, both on the monetary and on the fiscal side, she said.

The IMF chief said 81 emergency financing requests, including 50 from lower-income countries, have been received. She said current estimate for the overall financial needs of emerging markets is 2.5 trillion dollars.

"We believe this is on the lower end. We do know that their own reserves and domestic resources will not be sufficient," she added.

The G-20, a day earlier, reported fiscal measures totalling some 5 trillion dollars or over 6 per cent of the global GDP.

Responding to another question, Georgieva said the IMF is projecting recession for 2020.

"We do expect it to be quite deep and we are very much urging countries to step up containment measures aggressively so we can shorten the duration of this period of time when the economy is in standstill," she said.

"And also to apply well-targeted measures, primarily focusing on the health system to absorb that enormous stress that comes from coronavirus. And on people, businesses and the financial system, I am very pleased to say that when we went through countries' responses, that sense of targeted fiscal measures is there and are also very impressive to see the size of these measures," she added.

"Countries are doing all they can on the fiscal and on the monetary front. We have heard from our members' very impressive decisions taken over the last days," the IMF chief said.

"We also want to caution that as we are responding now, we want to make the recession as possibly short and not too deep. We also want to think about what is going to follow the recovery and make sure that we are putting forward measures that can be supportive in this regard," she said.

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Agencies
August 7,2020

Washington, Aug 7: US President Donald Trump on Thursday (local time) signed executive orders halting all transactions with Chinese applications TikTok and WeChat within 45 days, citing national security concerns, further escalating the tensions between Beijing and Washington.

"WeChat, a messaging, social media, and electronic payment application owned by the Chinese company Tencent Holdings Ltd., reportedly has over one billion users worldwide, including users in the United States. Like TikTok, WeChat automatically captures vast swaths of information from its users. 

This data collection threatens to allow the Chinese Communist Party (CCP) access to Americans' personal and proprietary information," Trump said in a statement.

Citing reasons for the ban on WeChat, the US President said that the application captures the personal and proprietary information of Chinese nationals visiting the US, thereby providing the CCP a mechanism to keep tabs on the Chinese citizens who may be "enjoying the benefits of a free society for the first time in their lives".

"In March 2019, a researcher reportedly discovered a Chinese database containing billions of WeChat messages sent from users in not only China but also the United States, Taiwan, South Korea and Australia. WeChat, like TikTok, also reportedly censors content that the CCP deems politically sensitive and may also be used for disinformation campaigns that benefit the CCP. 

These risks have led other countries, including Australia and India, to begin restricting or banning the use of WeChat. The US must take aggressive action against the owner of WeChat to protect our national security," he added.

Earlier, Trump had issued an order banning TikTok as it "reportedly censors content that the CCP deems politically sensitive, such as content concerning protests in Hong Kong and China's treatment of Uighurs and other Muslim minorities. 

TikTok may also be used for disinformation campaigns that benefit the CCP."
US politicians have repeatedly criticised TikTok, owned by Beijing-based startup ByteDance, of being a threat to national security because of its ties to China.

The development comes as China and the US are at loggerheads on a variety of issues including Hong Kong national security law, the South China Sea, the novel coronavirus and trade.

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News Network
February 21,2020

New Delhi, Feb 21: Global terror financing watchdog FATF on Friday decided continuation of Pakistan in the "Grey List" and warned the country that stern action will be taken if it fails to check flow of money to terror groups like the LeT and the JeM, sources said.

The decision has been taken at the Financial Action Task Force's plenary in Paris.

The FATF decided to continue Pakistani in the "Grey List". The FATF also warned Pakistan that if it doesn't complete a full action plan by June, it could lead to consequences on its businesses, a source said.

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