Pakistani FM meets Chinese, Russian, Afghan, Iranian counterparts, pushes regional partnerships

Pakistan's Foreign Minister Shah Mahmood Qureshi (left), Chinese FM Wang Yi (center) and Afghanistan's interim foreign minister Amir Khan Muttaqi pose for a picture during a meeting in Tunxi, China, on March 30 2022. (@SMQureshiPTI/Twitter)
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Updated 31 March 2022
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Pakistani FM meets Chinese, Russian, Afghan, Iranian counterparts, pushes regional partnerships

  • Qureshi is currently visiting China to attend third ministerial meeting of Afghanistan’s neighboring states from March 29-31
  • Stresses importance of respecting the rights of all Afghans while ensuring girls’ education and taking action against militants

ISLAMABAD: Pakistan’s foreign minister Shah Mahmood Qureshi said on Wednesday a sovereign and stable Afghanistan was necessary for regional peace while applauding the positive role played by neighboring countries through their continued engagement with Kabul.

Qureshi is currently visiting China to attend the third ministerial meeting of Afghanistan’s neighboring states from March 29 to 31. He also held one-on-one meetings with his Chinese, Russian, Afghan and Iranian counterparts and held discussions on wide-ranging issues.

“The Foreign Minister said that Pakistan welcomed the international community’s continued engagement with Afghanistan to advance the goals of a sovereign, stable and economically strong Afghanistan contributing to regional peace and stability,” said an official statement issued by the foreign office after Qureshi held a meeting with Amir Khan Muttaqi of Afghanistan in Huangshan, China.

He acknowledged the Afghan interim government’s steps to ensure internal stability in the country while stressing the importance of responding to the international community’s expectations for political inclusivity.

He also stressed the importance of respecting the rights of all Afghans while ensuring girls’ education and action against terrorist outfits.

In his meeting with the Iranian foreign minister Dr. Hossein Amir Abdollahian, Qureshi expressed the hope for an early session of the Joint Economic Commission to boost trade between the two countries.

“The Foreign Minister also underscored the importance of earliest completion of border markets in the context of enhanced bilateral economic cooperation,” said the foreign office of Pakistan.

Qureshi also shared Pakistan’s “principled position” on the situation in Ukraine, including cessation of hostilities, provision of humanitarian assistance and efforts for a solution through dialogue and diplomacy, during his conversation Russian foreign minister Sergey Lavrov.

“He expressed the hope that talks between Russia and Ukraine would succeed in finding a diplomatic solution. The Foreign Minister also conveyed Pakistan’s readiness to reinforce efforts for a diplomatic solution including through the OIC platform,” the statement said.

He also told his Chinese counterpart Wang Yi in a separate meeting that Pakistan’s relations with China was the “cornerstone” of its foreign policy while reaffirming the government’s resolve to further deepen the Pakistan-China strategic partnership.

He maintained the mutual understanding between the two sides was leading to high-quality development during the second phase of the multibillion-dollar China-Pakistan Economic Corridor (CPEC), adding the two countries were cooperating in diverse areas like industrial development, agricultural modernization and information technology.

The foreign minister also thanked China for hosting the meeting on Afghanistan, emphasizing deeper engagement to promote peace, stability and development in Pakistan and facilitate regional connectivity by extending CPEC to Afghanistan.


Rating firm S&P says it won’t rush Iran war downgrades, sees risks for countries like Pakistan

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Rating firm S&P says it won’t rush Iran war downgrades, sees risks for countries like Pakistan

  • Agency says it is monitoring indebted energy importers as higher oil prices strain finances
  • Gulf economies seen better placed to weather shock, though Bahrain flagged as vulnerable

LONDON: S&P Global ‌said it would not make any knee-jerk sovereign rating cuts following the outbreak of war in the ​Middle East, but warned on Thursday that soaring oil and gas prices were putting a number of already cash-strapped countries at risk.

The firm’s top analysts said in a webinar that the conflict, which has involved US and Israeli strikes ‌against Iran and Iranian ‌strikes against Israel, ​US ‌bases ⁠and Gulf ​states, ⁠was now moving from a low- to moderate-risk scenario.

Most Gulf countries had enough fiscal buffers, however, to weather the crisis for a while, with more lowly rated Bahrain the only clear exception.

Qatar’s banking sector could ⁠also struggle if there were significant ‌deposit outflows in ‌reaction to the conflict, although there ​was no evidence ‌of such strains at the moment, they ‌said.

“We don’t want to jump the gun and just say things are bad,” S&P’s head global sovereign analyst, Roberto Sifon-Arevalo, said.

The longer the crisis ‌was prolonged, though, “the more difficult it is going to be,” he ⁠added.

Sifon-Arevalo ⁠said Asia was the second-most exposed region, due to many of its countries being significant Gulf oil and gas importers.

India, Thailand and Indonesia have relatively lower reserves of oil, while the region also had already heavily indebted countries such as Pakistan, Bangladesh and Sri Lanka whose finances would be further hurt by rising energy prices.

“We ​are closely monitoring ​these (countries) to see how the credit stories evolve,” Sifon-Arevalo said.