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Nepal, Pakistan agree to revitalise Saarc process

Nepal and Pakistan on Tuesday agreed to revitalise the Saarc process for "greater peace, security and prosperity in the region"

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  • Nepal and Pakistan agreed to revitalise Saarc
  • This is done to promote greater peace and security
  • It will be apparently beneficial for both the nations

Nepal and Pakistan on Tuesday agreed to revitalise the Saarc process for “greater peace, security and prosperity in the region” during talks that visiting Pakistan Prime Minister Shahid Khaqan Abbasi held with the Himalayan nation’s leadership.

Nepal and Pakistan to revitalise SAARC process. Wikimedia Commons
Nepal and Pakistan to revitalise SAARC process. Wikimedia Commons

Abbasi on Tuesday met Nepal President Bidya Devi Bhandari and addressed a programme at the Saarc Secretariat here. He also held a meeting with CPN (Maoist Centre) Chairman Pushpa Kamal Dahal “Prachanda” in the morning.

Bhandari and Abbasi hoped to reinvigorate the South Asian Association for Regional Cooperation (Saarc) as an important regional organisation. The Pakistani leader said that “issues of the countries in the region should not affect the activities of Saarc and its performance”.

He emphasised the need to make Saarc “more effective” in the days ahead. Both sides agreed to enhance cooperation in all areas of mutual importance, including political, economic, defence and cultural fields.

On Monday evening, Abbasi met his Nepali counterpart K.P. Sharma Oli and both decided to revitalise the stalled Saarc process.

Also Read: India pulled out of SAARC meeting that is to be held in Pakistan

The Pakistani leader sought to host the 19th Saarc Summit of the regional grouping and asked Nepal to create a “favourable environment” for the same. The summit has been postponed since 2016 after a military attack on an Indian Army base in Uri in Jammu and Kashmir.

After the attack, India unilaterally suspended its participation from the summit. Several member states rallied behind India’s position.

Nepal is the current chair of the regional grouping. Oli’s chief political advisor Bishnu Rimal said “both leaders held a common view on taking the Saarc forum ahead as it was a common platform for all member countries and still significant”.

The step is taken to improve relationships between the two countries.

Addressing a function at the Saarc Secretariat in Kathmandu, Abbasi said peace, security and mutual friendship were essential for the prosperity of South Asia.

“Pakistan has undivided belief in the Saarc objectives, ideologies and principles,” he said, adding that Islamabad was fully committed to the Saarc charter.

Abbasi also announced doubling the scholarships provided to Nepal by the Pakistan government and proposed to set up a joint parliamentary panel between Kathmandu and Islamabad. IANS

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China Opposes Washington’s Decision On Iran Oil Sanctions

The United States quit the deal in May 2018, and renewed U.S. sanctions have hit Iran's economy and contributed to the fall of the national currency, the rial.

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Iranian oil worker
An Iranian oil worker rides his bicycle at a Tehran oil refinery. RFERL

Beijing has lashed out at a U.S. decision to impose sanctions on countries that buy Iranian oil, warning that it will intensify turmoil in the Middle East and in the international energy market.

“China firmly opposes the U.S. implementation of unilateral sanctions and its so-called long-armed jurisdiction,” Foreign Ministry spokesman Geng Shuang said at an April 23 press briefing.

The White House announced on April 22 that the United States will not renew exemptions granted in 2018 to five buyers of Iranian oil — top customer China as well as India, Turkey, South Korea, and Japan — pressuring importers to stop buying from Tehran.

The exemptions, or waivers, allowed the five countries to buy Iranian oil without facing U.S. sanctions. The White House has said that the decision to end them is intended to bring Iran’s oil exports — a key source of revenue for the authoritarian government — to zero.

The United States has said it was working with Saudi Arabia and the United Arab Emirates, two of the largest oil exporters, to ensure the market was “adequately supplied.”

China
“China firmly opposes the U.S. implementation of unilateral sanctions and its so-called long-armed jurisdiction,” Foreign Ministry spokesman Geng Shuang said at an April 23 press briefing.
VOA

Saudi Arabia, Iran’s main regional rival, welcomed the U.S. decision to end all Iran sanctions waivers by May.

“Saudi Arabia fully supports this step…as it is necessary to force the Iranian regime to end its policy of destabilizing stability and its support and sponsorship of terrorism around the world,” Foreign Minister Ibrahim al-Assaf said on April 23.

Japan has said it expects a limited impact from the U.S. decision.

“We will closely watch international oil markets and exchange views with Japanese companies involved in crude imports and may consider taking necessary measures,” Japan’s trade and industry minister Hiroshige Seko said on April 23.

Iranian Oil Minister Bijan Zangeneh said on April 23 that the United States will not succeed in cutting the country’s oil exports to zero, telling parliament that Iran will work “with all our might…toward breaking America’s sanctions.”

A spokesman for Iran’s Foreign Ministry dismissed the U.S. decision on April 22, calling sanctions “illegal” and saying that the country “did not and does not attach any value or credibility to the waivers.”

oil refinery
The White House announced on April 22 that the United States will not renew exemptions granted in 2018 to five buyers of Iranian oil — top customer China as well as India, Turkey, South Korea, and Japan — pressuring importers to stop buying from Tehran. Pixabay

The European Union said on April 23 it “regrets” the U.S. decision, warning that it would further undermine a 2015 agreement between world powers and Iran that granted Tehran sanctions relief in exchange of restrictions on its nuclear program.

Also Read: 65% Indian Businesses Witness Rise in Online Fraud: Report

The United States quit the deal in May 2018, and renewed U.S. sanctions have hit Iran’s economy and contributed to the fall of the national currency, the rial.

The EU will “continue to abide by [the deal] as long as Iran continues with full and effective implementation,” EU foreign policy spokeswoman Maja Kocijancic said. (RFERL)