BR100 Increased By (0.3%)
BR30 Increased By (0.41%)
KSE100 Decreased By (-0.18%)
KSE30 Decreased By (-0.19%)
AGHA 7.47 Decreased By ▼ -0.09 (-1.19%)
BECO 5.16 Increased By ▲ 0.07 (1.38%)
BML 54.55 Decreased By ▼ -0.43 (-0.78%)
BOP 33.11 Increased By ▲ 0.13 (0.39%)
CNERGY 10.41 Increased By ▲ 0.31 (3.07%)
CSIL 5.10 Decreased By ▼ -0.03 (-0.58%)
FCCL 52.20 Increased By ▲ 0.95 (1.85%)
FFL 16.50 Increased By ▲ 0.32 (1.98%)
FNEL 1.20 Increased By ▲ 0.01 (0.84%)
KEL 7.20 Increased By ▲ 0.14 (1.98%)
KOSM 5.80 Increased By ▲ 0.26 (4.69%)
LOTCHEM 27.14 Decreased By ▼ -1.98 (-6.8%)
MLCF 90.25 Increased By ▲ 1.43 (1.61%)
NBP 196.90 Decreased By ▼ -0.59 (-0.3%)
NCPL 55.78 Increased By ▲ 0.76 (1.38%)
NPL 65.49 Increased By ▲ 0.61 (0.94%)
OGDC 313.88 Increased By ▲ 1.93 (0.62%)
PACE 10.40 Increased By ▲ 0.19 (1.86%)
PAEL 41.35 Increased By ▲ 0.36 (0.88%)
PIBTL 16.10 Increased By ▲ 0.14 (0.88%)
PPL 213.99 Increased By ▲ 1.33 (0.63%)
PRL 54.20 Increased By ▲ 1.66 (3.16%)
PTC 69.99 Increased By ▲ 0.91 (1.32%)
SSGC 25.10 No Change ▼ 0.00 (0%)
TBL 9.56 Decreased By ▼ -0.06 (-0.62%)
TELE 8.37 Increased By ▲ 0.05 (0.6%)
TPL 18.19 Increased By ▲ 0.44 (2.48%)
TPLP 13.12 Decreased By ▼ -0.10 (-0.76%)
TREET 21.45 Decreased By ▼ -0.29 (-1.33%)
TRG 59.81 Increased By ▲ 2.92 (5.13%)
Pakistan

Energy deal between Pakistan, Maldives irks India

An energy deal between Pakistan and Maldives has irked India, deteriorating the relationship between the two countr
Published Updated

An energy deal between Pakistan and Maldives has irked India, deteriorating the relationship between the two countries further after Maldives recently scrapped a helicopter deal with India.

 

The agreement was signed last month between STELCO of Maldives and Pakistan’s WAPDA. The deal focuses on capacity building in the energy sector. India, however, believes that Pakistan cannot do much to help Maldives, which is using the Chinese influence to curb India in the Maldives.

“The simple fact is that [President Abdulla] Yameen, fully encouraged by his Chinese friends, is pushing India to test the limits of our power,” said Ravi Joshi, who served as an Indian diplomat in the Maldives, quoted the Economic Times.

China is backing mega projects in Pakistan, including a number of power plants and major infrastructure projects, which has led to an influx of Chinese nationals hoping to tap into the infrastructure boom.

“Given its precarious financial situation, Pakistan cannot do much to help the Maldives. However, President Yameen is trying his best to reduce Indian footprint and bring in elements hostile to India to undermine Indian influence in the Maldives,” the Times of India quoted an Indian official saying.

Copyright Business Recorder, 2018

Comments

Comments are closed for this article.