Explained: Will Modi's visit to Tianjin help reset India-China ties?
He's going to attend an SCO summit, but the visit reflects India's evolving foreign policy amid global flux, border pragmatism, and cautious engagement with Beijing
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Hindustan Times
22 minutes ago
- Hindustan Times
Asim Munir's 'rare earth' plan to bring Pakistan out of debt, economic crisis
Pakistan Army chief of staff Asim Munir has revealed a plan to pull Islamabad out of its economic crisis and debt. In a conversation with Pakistani writer Suhail Warraich, the Field Marshal hinted at a "rare earths treasure", shortly after US expressed its interests in Pakistan's mineral reserves. Warraich claimed Munir revealed his ambition for the rare earths plan during a meeting in Brussels, Belgium.(AP) In a column published Saturday in Pakistan's Geo Group, Warraich claimed Munir revealed his ambition for the rare earths plan during a meeting in Brussels, Belgium. Also Read | 'God made me protector': Pak Army chief Asim Munir denies political ambitions, says report "Regarding the solution to the economic crisis, he had a complete roadmap, which planned to put Pakistan in the ranks of the developed countries of the world within five to ten years. He calculated and said that from next year, there will be a net profit of two billion dollars every year from Reko Diq, which will increase every year," wrote Warraich. "He [Munir] said that Pakistan has a rare earth treasure, with this treasure, Pakistan's debt will also be reduced and Pakistan will soon be counted among the most prosperous societies," he added further. Munir's remarks come as the US and Pakistan continue to strengthen their ties under US President Donald Trump. The US' new-found interest in Pakistan also comes after a military stand-off with India earlier this year in May. Also Read | Donald Trump repeats role in India-Pakistan truce; Armenia and Azerbaijan say he deserves Nobel Prize Earlier this month, the Washington Post issued an article exploring Trump's push towards Pakistan. In a post on Truth Social, the US president announced - "Pakistan and the United States will work together on developing their massive Oil Reserves.' POTUS further added that while the process to choose the Oil Company that will lead the partnership is in in the works, "Who knows, maybe they'll be selling Oil to India some day!" About the Reko Diq mine Munir's rare earth push focuses on the Reko Diq mine in Balochistan. The mine is home to one of the world's s largest untapped copper and gold deposits, with 12.3 million tonnes of copper and over 20 million ounces of gold. However, despite Pakistan's hopeful approach, the mine continues to be locked in a geopolitical conflict. China, which is also a close ally for Pakistan, is also reportedly eyeing the mine through its China-Pakistan Economic Corridor (CPEC). Another obstacle on Pakistan's radar is the conflict with Balochistan, where Baloch nationals have already accused Islamabad of draining the region's national resources.
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Business Standard
22 minutes ago
- Business Standard
INDIA bloc leaders likely to discuss joint VP candidate on Monday
The opposition INDIA bloc leaders are likely to discuss their joint candidate for the post of vice-president at a meeting of floor leaders on Monday morning. Sources said the INDIA bloc leaders would meet at the office of Mallikarjun Kharge, the leader of opposition in Rajya Sabha, at 10.15 am on Monday. The meeting will be held a day after the ruling National Democratic Alliance (NDA) announced Maharashtra Governor C P Radhakrishnan as its nominee for the post of vice-president, the second-highest constitution position in the country. Radhakrishnan hails from Tamil Nadu, which will go to polls in 2026. While the ruling BJP feels that the nomination of Radhakrishnan, a seasoned BJP leader with an RSS background, will elicit support from the wider opposition, especially the ruling DMK in Tamil Nadu, it remains to be seen what stand the opposition parties take on Monday. BJP president J P Nadda, while announcing the nomination of Radhakrishnan after a meeting of the party's parliamentary board on Sunday, said the NDA will speak to the opposition parties to reach a consensus for the vice-presidential election. The Congress-led INDIA bloc partners earlier announced their decision to field a joint 'non-political' candidate for the election. The vice-presidential election, necessitated by the sudden resignation of incumbent Jagdeep Dhankhar last month, is scheduled for September 9. The last date for filing nomination is August 21. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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Business Standard
22 minutes ago
- Business Standard
Statsguru: How India, Bangladesh fared after a year under Yunus' rule
It has been a year since Sheikh Hasina's ouster from Bangladesh, and diplomatic relations between India and its neighbouring country have nosedived under Muhammad Yunus' rule. This includes tit-for-tat trade restrictions levied by both nations. However, despite rising anti-India sentiment in Bangladesh, goods trade between the nations has expanded. This is reflected more in India's imports than in its exports. Although inflation declined marginally, the unemployment rate rose, and the economic growth rate fell to below 4 per cent — the lowest since 2019-20 (FY20) — under Yunus.
