VIF Information Alerts - 24th May 2019
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Pakistan got USD 6.5 billion loan from China in April: Report
Published: Deccan Chronicle

24 May 2019

For the first time Pakistan has disclosed that it has taken a total debt of USD 6.5 billion from China in the current financial year, which is equal to 75 per cent of the total foreign loans of USD 8.6 billion the cash-strapped country received during the period.
Prime Minister Imran Khan's government, under pressure from the International Monetary Fund (IMF) from which Pakistan is seeking a USD 6-billion bailout package, has disclosed the type of loans that Islamabad has received from its ally, the Express Tribune reported.Click here to read...

China seeks Asian neighbors' support in trade fight
Published: Deccan Herald

23 May 2019

China is seeking support from Russia and from its Central Asian neighbours in its escalating tariff fight with the U.S., while also stepping up protests against moves to penalize its technology sector. Speaking Wednesday at a meeting of the Shanghai Cooperation Organization in Kyrgyzstan, Foreign Minister Wang Yi said representatives of the eight-nation grouping had expressed "broad support" for China's position.Click here to read...

US warn Turkey of facing 'very negative' consequences over S-400 deal
Published: Deccan Chronicle

23 May 2019

The United States on Wednesday warned that Turkey will have to face "very real and very negative consequences" if Ankara finalises the purchase of Russian S-400 surface-to-air missile defence systems.
In a statement, the State Department said, "We have said that the S-400 defence system, the acquisition of that would have serious consequences for the US and NATO's defence relationship with Turkey."Click here to read...

We'll hack back at Russians, declare UK ministers in cyber-Blitz blitz
Published: The Register

23 May 2019

British ministers are stepping up their rhetoric on cyber warfare, with £22m to be splurged on embiggening an "offensive hacking" unit as Foreign Secretary Jeremy Hunt vowed to retaliate against Russian cyber-attacks. In a speech delivered this morning at Lancaster House, the preferred venue for big foreign policy set-pieces, Hunt declared that Britain's "primary goal" must be to deter foreign state-backed hackers from targeting the country at all.Click here to read...

Adani Ports to set up first container terminal outside India in Myanmar
Published: The Economic Times

23 May 2019

Adani Ports and Special Economic Zone will set up its first container terminal outside India in Myanmar at an estimated cost of USD 290 million (over Rs 2,000 crore). The company signed an agreement Thursday to develop and operate a container terminal at Yangon Port in Myanmar. Construction for phase one of the project will commence next month and will be completed by June 2021. It is a two-phase project.Click here to read...

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