AVN 66.25 Increased By ▲ 1.12 (1.72%)
BAFL 29.65 Decreased By ▼ -0.05 (-0.17%)
BOP 4.10 Decreased By ▼ -0.35 (-7.87%)
CNERGY 3.69 Increased By ▲ 0.06 (1.65%)
DFML 12.22 Decreased By ▼ -0.32 (-2.55%)
DGKC 45.69 Increased By ▲ 0.29 (0.64%)
EPCL 47.00 No Change ▼ 0.00 (0%)
FCCL 12.20 No Change ▼ 0.00 (0%)
FFL 5.98 Decreased By ▼ -0.05 (-0.83%)
FLYNG 6.18 No Change ▼ 0.00 (0%)
GGL 11.93 Increased By ▲ 0.13 (1.1%)
HUBC 68.40 Decreased By ▼ -0.26 (-0.38%)
HUMNL 5.82 Increased By ▲ 0.08 (1.39%)
KAPCO 25.25 No Change ▼ 0.00 (0%)
KEL 2.13 Increased By ▲ 0.02 (0.95%)
LOTCHEM 25.30 Decreased By ▼ -0.14 (-0.55%)
MLCF 25.75 Increased By ▲ 0.15 (0.59%)
NETSOL 77.70 Increased By ▲ 0.49 (0.63%)
OGDC 88.16 Increased By ▲ 1.15 (1.32%)
PAEL 11.60 Increased By ▲ 0.39 (3.48%)
PIBTL 4.14 Decreased By ▼ -0.04 (-0.96%)
PPL 68.00 Increased By ▲ 1.48 (2.22%)
PRL 13.25 Increased By ▲ 0.14 (1.07%)
SILK 0.88 Increased By ▲ 0.02 (2.33%)
SNGP 41.85 Increased By ▲ 0.59 (1.43%)
TELE 8.02 Decreased By ▼ -0.05 (-0.62%)
TPLP 15.23 Decreased By ▼ -0.02 (-0.13%)
TRG 112.61 Increased By ▲ 1.29 (1.16%)
UNITY 14.20 Increased By ▲ 0.08 (0.57%)
WTL 1.23 Increased By ▲ 0.01 (0.82%)
BR100 4,143 Increased By 40.1 (0.98%)
BR30 14,924 Increased By 83.5 (0.56%)
KSE100 40,870 Decreased By -48 (-0.12%)
KSE30 15,082 Increased By 39 (0.26%)
Follow us

China is said to have played a master stroke by successfully persuading major Gulf powers, Saudi Arabia and Iran, into restoring diplomatic relations, thus reducing the US into an odd man out.

No doubt, China has done it discreetly but strictly in accordance with its reputation or its approach to global or strategic challenges that has always characterised its dealings with the world outside China. China, for example, could have claimed Hong Kong forcibly but it didn’t.

Deng Xiaoping had told British leadership over a luncheon that his forces could take over Hong Kong by the time they would be finishing eating food, but it would rather wait for re-embracing the British colony till Britain exhausts the 99-year lease in accordance with international laws.

China has now called upon both Russia and Ukraine to initiate a dialogue with a view to ending their bloody conflict that has already resulted in death and destruction on a massive scale. It is quite likely that no other country but China would be ultimately brokering a peace deal between Russia and Ukraine in the interest of global peace and trade.

Rahatullah (Karachi)

Copyright Business Recorder, 2023

Comments

1000 characters

China’s master stroke

Pakistan careening towards potential default if IMF aid does not arrive: Bloomberg

Intra-day update: rupee records improvement against US dollar

Terrorism cases: Imran Khan appears before LHC to seek protective bail

Govt did not consult ahead of announcing fuel subsidy proposal: IMF

Auto sector woes: Hinopak suspends assembly plant operation

IMF bailout not a silver bullet for Sri Lanka, says Moody’s Analytics

Petrol subsidy to bikers: two options under study

Too tight fiscal space: MoF bans SGs, subsidies

PM for solving problems Dawlance facing in Pakistan

$7.407bn borrowed from multiple financing sources in 8 months