Since China announced secondary sanctions against Lithuania in October 2021, Lithuania's inflation rate has been rising, and now the CPI has reached 25.6%. It is only second to Türkiye and Sri Lanka, and is third in the world.
We will certainly help Pakistan. Since the Chinese and Pakistanis held each other's hands in 1951, we have never betrayed each other in 70 years.
When & if you sit among American white folks in University as brown person, the whole group of whites makes you say things in their favor. If you marry into them than your wife's relatives make you do things in whites favor. Where is secularism in all of this? I understand a bit of tilting towards whites if you have friends or spouse but Why don't Americans make every immigrants Indian do things in their white ways also?‘Pakistan doesn’t have to choose between US and China’
Anwar Iqbal Published September 1, 2022 Updated about 3 hours ago
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Derek Chollet
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• Secretary of State’s aide says US worried by Islamabad’s path as nations entering into deals with China ‘don’t end up well’
WASHINGTON: The United States doesn’t ask Pakistan to choose between it and China, but rather wants countries “to be able to have a choice”. However, Washington is worried that nations entering into relationships with China “are not going to end up well”, said Derek Chollet, a senior adviser to the US Secretary of State.
In an interview with Dawn, Counselor Chollet said Washington was not “afraid of competing with China, but would like to have a fair competition”.
He stressed that the US had honest differences with both India and Pakistan, but wanted to maintain and diversify its strong relationship with Islamabad.
Mr Chollet also spoke about former prime minister Imran Khan’s allegations of US involvement in toppling his government, pointing out that those claims were completely baseless.
Asked if the US was upset with the former premier and those allegations make him a less liked politician in the States, Mr Chollet said: “All I can say is that there is nothing to the allegations. Those were not true.”
“What we want to stay focused on is where we are going in the US-Pakistan relationship, to reflect on all that we have achieved in 75 years but also all that we must achieve in the coming 75 years.”
The US official also underlined Washington’s concerns about the current floods in Pakistan, pointing out that the Biden administration already announced $30 million in assistance and was willing to do more.
“These horrific floods are something that we have not seen since 2010. And by some accounts, it is worse than the floods of 2010,” he said. “It is a climate cataclysm that we are seeing in Pakistan. It is just devastating.”
The US, he said, was committed to “doing our part with our partners in the international community to help Pakistan respond to this terrible natural disaster.”
The US would also work with the United Nations to raise $160m for the flood victims, he added.
Responding to a question about his statement that the US was not afraid of having a fair competition with China, he said: “Pakistan has a close relationship with China, has for many years. The US again, is not asking countries to choose between the US and China. We just want countries to be able to have a choice.”
Reminded that in the past, this relationship was more linked to US security concerns about the region, Mr Chollet said: “We are interested in diversifying the relationship even further. We already have a fairly strong and robust business relationship. But I think that is something that we are interested in growing further.”
Asked if Pakistan still had strategic value for the US, he said: “Oh, absolutely. I mean, Pakistan is one of the world’s largest Muslim countries. It has the fifth or sixth largest population. It is a critically important country to the US.”
“And that is why we are committed as we project forward over the next 75 years, to find ways that we can deepen this partnership and achieve so many of the shared interests and goals that we have.”
On a question about why sometimes people in Pakistan feel that India gets an unfair advantage — for instance, Washington allows it to purchase cheap oil from Russia while preventing Pakistan from doing so — Mr Chollet said: “Our relationship with each country stands on its own. And we have much that we share with both countries,” he said. “We do have honest differences with both countries. What matters is how we work through those differences.”
“Our perspective in terms of working with Pakistan is we are going to work through those differences in the spirit of partnership, and cooperation and try to keep an eye on all that we share. We both are going to remain true to our interests and our values. But we see much that we share together.”
Do US concerns about China make India a more valuable ally? To this, he said: “These relationships, we do not see them as conjoined. They are separate relationships. And we have separate sets of goals, ambitions, and challenges with both countries.”
However, he agreed that the US had a concern about China globally. “In South Asia and in East Asia, in Southeast Asia, all around the world, China is playing a role that in many cases is not consistent with what we think our interests are,” he said.
The US, he said, committed to finding ways to work with China on shared interests, for example, on climate change, but the Chinese pulled out of these discussions.
Asked if Pakistan could also face a Sri Lanka-like situation because of the Chinese loans, he said: “What we are worried about is that countries — whether in South Asia or all around the world — entering into relationships with China are not going to end up well.”
“And so, we want to be very candid with countries about the choices that they make. And again, the critical thing, it is not for the US to decide, these are choices.”
Published in Dawn, September 1st, 2022
Inflation was driven mainly by energy prices, which rose at an annual rate of 38.3 percent, largely because of the invasion of Ukraine by Russia, which previously supplied most of Europe’s natural gas.
Inflation Tightens Its Grip on Europe (Published 2022)Price rises in the eurozone hit another record in August, with Estonia reaching 25 percent and eight other countries registering double-digit annual inflation.
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We will certainly help Pakistan. Since the Chinese and Pakistanis held each other's hands in 1951, we have never betrayed each other in 70 years.
China agreed to exchange 20 billion CNY(about $3.1 billion) currency with Pakistan at a fixed exchange rate (20 billion CNY for 351 billion PKR) every year.
Whether the PKR depreciates or not, we will exchange this proportion for currency.
Considering the stability and tradability of the two currencies, this is actually China's annual assistance to Pakistan of $3.1 billion.
China extends currency swap deal with Pakistan
The People's Bank of China, the country's central bank, said today it had extended a currency swap agreement with the State Bank of Pakistan.m.economictimes.com
BTW: When are the Americans going to help the Lithuanians? Lithuania is trying to test the Taiwan issue for the Americans, which has led to the current situation. Didn't you say that the US govt will be responsible for the consequences of the choice?
I noticed that the US media almost blocked the news that Lithuania was in hyperinflation. Is the US government ready to abandon its allies again? Like the Kurds just abandoned by the United States?
not sure what you're talking about Lithuania's exports from January 2022 to June 2022 increased 32% vs the same period in 2021 despite Chinese sanctions. so China's secondary sanctions has nothing to do with Lithuanian inflation or consumer price.
Inflation in the Eurozone including Lithuania is linked to high energy prices due to the war in Ukraine. What are you going to credit to all mighty China next? Floods in Pakistan? Putin's bowl movement? my headache?
Inflation was driven mainly by energy prices, which rose at an annual rate of 38.3 percent, largely because of the invasion of Ukraine by Russia, which previously supplied most of Europe’s natural gas.
Inflation Tightens Its Grip on Europe (Published 2022)
Price rises in the eurozone hit another record in August, with Estonia reaching 25 percent and eight other countries registering double-digit annual inflation.www.nytimes.com
Agreed x 120M times
Can we not call traitors neutrals?
To be honest, there are some problems in Pakistan, and it may be better to provide CNY. Because China can monitor the flow of these CNY through the Bank of China to avoid corruption.
not sure what you're talking about Lithuania's exports from January 2022 to June 2022 increased 32% vs the same period in 2021 despite Chinese sanctions. so China's secondary sanctions has nothing to do with Lithuanian inflation or consumer price.
Inflation in the Eurozone including Lithuania is linked to high energy prices due to the war in Ukraine. What are you going to credit to all mighty China next? Floods in Pakistan? Putin's bowl movement? my headache?
Inflation was driven mainly by energy prices, which rose at an annual rate of 38.3 percent, largely because of the invasion of Ukraine by Russia, which previously supplied most of Europe’s natural gas.
Inflation Tightens Its Grip on Europe (Published 2022)
Price rises in the eurozone hit another record in August, with Estonia reaching 25 percent and eight other countries registering double-digit annual inflation.
I am all for two things for Pakistan:We will certainly help Pakistan. Since the Chinese and Pakistanis held each other's hands in 1951, we have never betrayed each other in 70 years.
China agreed to exchange 20 billion CNY(about $3.1 billion) currency with Pakistan at a fixed exchange rate (20 billion CNY for 351 billion PKR) every year.
Whether the PKR depreciates or not, we will exchange this proportion for currency.
Considering the stability and tradability of the two currencies, this is actually China's annual assistance to Pakistan of $3.1 billion.
China extends currency swap deal with Pakistan
The People's Bank of China, the country's central bank, said today it had extended a currency swap agreement with the State Bank of Pakistan.
BTW: When are the Americans going to help the Lithuanians? Lithuania is trying to test the Taiwan issue for the Americans, which has led to the current situation. Didn't you say that the US govt will be responsible for the consequences of the choice?
I noticed that the US media almost blocked the news that Lithuania was in hyperinflation. Is the US government ready to abandon its allies again? Like the Kurds just abandoned by the United States?
Pakistan has already secured loans of more than 4.3 Billions from China recently.
Exactly, Pakistan can receive loans from China.
