Thursday, Jaishankar spoke at the annual Asia Economic Dialogue organised by the external affairs ministry in Pune “This particular relationship (India-Pakistan) has a fundamental problem that we cannot and must not ignore. And that problem is terrorism, because as soon as you begin to circumvent that…”

“And we must not be in denial of the relationship’s very fundamental flaws. And just as a country must address its economic issues, it must also address its political issues. A nation must also address its social issues. No nation will ever emerge from adversity and become a prosperous power if its primary industry is terrorism “he added.

Notably, Pakistan’s economy is in disarray, and the country is currently holding virtual negotiations on the Memorandum of Economic and Financial Policies (MEFP) in order to reach an agreement at the staff level.

He also stated that it is in no one’s best interest for any nation, least of all a neighbouring nation, to experience severe economic problems. However, if a nation experiences severe economic difficulties, it must make policy decisions and governance decisions in order to recover.

“There is no doubt that Asia’s influence or importance will grow. Asia is expanding because Asia has been global; however, we should not fall for the rhetoric “Asia for Asians,” which is deceptive and appeals to primitive chauvinism. It genuinely demonstrates a profound strategic intent “Jaishankar stated during his press conference.

During the occasion, Jaishankar also discussed the ‘Neighbourhood First’ policy, the global situation, and India’s G20 Presidency.

Jaishankar stated, “If I were to choose the three most important issues on my mind, one of them would be our neighbourhood, in part because the three of us live there.”

Jaishankar, Lyonpo Namgay Tshering, Finance Minister of Bhutan, and Ibrahim Ameer, Finance Minister of the Maldives, conversed during the Inaugural Session of the Dialogue.

The Asia Economic Dialogue (AED) is the Ministry’s premier annual geoeconomics event, co-hosted with Pune International Centre.

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The seventh edition of the AED will be conducted in Pune from February 23-25, 2023. “Asia and the Emerging Global Order” is the primary focus of the Dialogue. The Dialogue will also cover topics such as Global Growth Prospects, How the Global South Will Influence the G20 Agenda, the Metaverse: Understanding the Future, and Reaching Climate Targets: The Way Forward, according to a Ministry of Foreign Affairs press release.

The post No country will ever come out of difficult situation if its basic industry is terrorism: S Jaishankar appeared first on Republic Aeon.

Minister and PML-N leader Khwaja Asif, speaking at a convocation in Sialkot, stated that people must have heard that Pakistan has defaulted and that there is a (economic) catastrophe, which is accurate.

Even bread and water were experiencing record-high inflation when the minister made his statement. Asif stated that Pakistan had “already defaulted” and not been in default.

“We are citizens of a bankrupt nation. People have been claiming that Pakistan has defaulted and that there is a (economic) meltdown, but this has already occurred and we must rise up “Asif stated.

Defence Minister of Imported govt admits that Pakistan is already in default. In 10 months they have brought Pak to this sorry state – Shameless lot selling out the country & holding on to power instead of letting nation choose their ldrs thru elections. pic.twitter.com/IHbREnbAhK

— Shireen Mazari (@ShireenMazari1) February 18, 2023

During the ceremony held at a private college, Khwaja Asif criticised the previous PTI government led by Imran Khan for fomenting terrorism and allowing the problem to return to Pakistan. According to reports, he further said that Imran Khan had created a plan that made terrorism Pakistan’s destiny.

Speaking on the ongoing issue in the country, he said that Pakistan possessed the solution to the problem and that the country was insolvent. “However, we are seeking assistance from the IMF,” he stated.

A video showing Khwaja Asif revealing Pakistan’s insolvency has gone viral, and members of the Opposition, especially the PTI (Pakistan Tehreek-e-Insaf), have been quick to criticise the ruling PML-N. In only ten months, Prime Minister Shehbaz Sharif allegedly pushed Pakistan to a “sad state.”

In 2019, Pakistan obtained a 6 billion dollar IMF bailout. In 2022, an additional USD 1,1 billion was added to the fund to assist the country following the severe floods. In November, however, the IMF froze payouts due to Pakistan’s failure to make additional fiscal consolidation progress amid the country’s political uncertainty.

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With less than three weeks’ worth of import cover, the existing foreign exchange reserves of Pakistan are considered to be on the verge of exhaustion.

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