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Bangladesh and Pakistan resume direct trade after more than 50 years

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Bangladesh has resumed direct trade with Pakistan for the first time since its independence in 1971, with the first shipment of 50,000 tonnes of rice leaving Port Qasim under a government-to-government deal, officials said.

The deal follows an improvement in diplomatic relations since an interim government in Bangladesh led by Nobel laureate Muhammad Yunus taking over in the wake of the protests that drove then-Prime Minister Sheikh Hasina out of the country, Reuters reported.

Previously known as East Pakistan, Bangladesh won independence following a nine-month war.

The new agreement, finalized earlier this month, sees Bangladesh purchasing white rice from Pakistan at $499 per ton through the Trading Corporation of Pakistan. The shipment will be delivered in two phases, with the remaining 25,000 tonnes expected in early March.

However, the price of rice is higher than that of rice from Vietnam, which Bangladesh has been importing at $474.25 per ton.

The government has been battling to stabilize the rice market, as prices have risen by 15-20% in recent months, with medium-quality rice selling at around 80 taka ($0.66) per kilo.

To control rice prices, the government is importing more rice from international markets, including through tenders, and has scrapped import duties.

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Powerful quake in Southeast Asia kills several, Myanmar declares state of emergency

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A powerful earthquake rocked Southeast Asia on Friday, killing several people, bringing down a skyscraper under construction in Bangkok and toppling buildings in neighbouring Myanmar, where the ruling junta declared a state of emergency in some areas.

At least three people were killed in the town of Taungoo in Myanmar when a mosque partially collapsed, witnesses said, while local media reported that at least two people died and 20 were injured after a hotel collapsed in Aung Ban, Reuters reported.

In Thailand, at least one person was killed and dozens of workers were rescued from under the rubble of the skyscraper that had been under construction in Bangkok, Thailand’s National Institute of Emergency Medicine said.

Bangkok’s city authorities declared the capital a disaster-stricken area, saying they needed to assess and monitor damaged areas, and assist people who might still be at risk.

In Bangkok, people ran out onto the streets in panic, many of them hotel guests in bathrobes and swimming costumes as water cascaded down from an elevated pool at a luxury hotel, witnesses said.

The United States Geological Survey (USGS) said the quake, which struck at lunchtime, was of 7.7 magnitude and at a depth of 10 km (6.2 miles). It was followed by a powerful aftershock.

The epicentre was about 17.2 km from the Myanmar city of Mandalay, which has a population of about 1.5 million.

Myanmar’s ruling military declared a state of emergency in multiple regions.

“The state will make inquiries on the situation quickly and conduct rescue operations along with providing humanitarian aid,” it said on the Telegram messaging app.

Mandalay is Myanmar’s ancient royal capital and at the centre of the country’s Buddhist heartland.

Social media posts showed collapsed buildings and debris strewn across streets in the city. Reuters could not immediately verify the posts.

One witness in the city told Reuters: “We all ran out of the house as everything started shaking. I witnessed a five-storey building collapse in front of my eyes. Everyone in my town is out on the road and no one dares to go back inside buildings.”

Another witness in the city, Htet Naing Oo, told Reuters that a tea shop had collapsed with several people trapped inside. “We couldn’t go in,” she said. “The situation is very bad.”

At least three people died after a mosque in Taungoo partially collapsed, two eyewitnesses told Reuters.

“We were saying prayers when the shaking started… Three died on the spot,” said one of two people who spoke to Reuters.

Local media reported a hotel in Aung Ban, in Shan state, crumbled into rubble, with one outlet, the Democratic Voice of Burma, reporting two people had died and 20 were trapped.

Video and images posted by Myanmar Now showed a roof cratered at a market in the capital, Naypyitaw.

In Mandalay, the outlet’s images showed a clock tower had collapsed and part of the wall by Mandalay Palace was in ruins.

China’s Xinhua news agency said strong tremors were felt in southwestern Yunnan province, which borders Myanmar, but there were no reports of casualties.

Witnesses contacted in Yangon, Myanmar’s largest city, said many people ran out of buildings.

OFFICE TOWER SHAKES IN BANGKOK

One office tower in downtown Bangkok swayed from side to side for at least two minutes, with doors and windows creaking loudly, witnesses said.

Hundreds of employees filed out via emergency stairs as some shocked and panicked workers froze. Loud shrieks could be heard as the building continued to sway.

Outside, hundreds gathered in the afternoon sun, while staff with medical kits found office chairs for the elderly and people in shock.

China’s Xinhua news agency said strong tremors were felt in southwestern Yunnan province, which borders Myanmar, but there were no reports of casualties.

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Iran ready for indirect talks with US, Khamenei aide says

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Kamal Kharrazi, an adviser to Iran’s supreme leader, said on Thursday Tehran has not closed all doors to resolve its disputes with the United States and is ready for indirect negotiations with Washington.

Tehran has so far rebuffed U.S. President Donald Trump’s warning it to make a deal or face military consequences. Supreme Leader Ayatollah Ali Khamenei called the message deceptive and Foreign Minister Abbas Araqchi said talks are impossible unless Washington changes its “maximum pressure” policy.

“The Islamic Republic has not closed all doors. It is ready for indirect negotiations with the United States in order to evaluate the other party, state its own conditions and make the appropriate decision,” Kharrazi said, according to the semi-official Iranian Students News Agency.

Iran is meant to soon reply to Trump’s letter, with Araqchi saying last week that Tehran would take into consideration both Trump’s threat and opportunities in its response.

In his first 2017-21 term, Trump withdrew the U.S. from a 2015 deal between Iran and world powers that placed strict limits on Tehran’s disputed nuclear activities in exchange for sanctions relief.

After Trump pulled out in 2018 and reimposed sweeping U.S. sanctions, the Islamic Republic breached and has since far surpassed those limits in its escalating programme of uranium enrichment.

Western powers accuse Iran of having an clandestine agenda to develop nuclear weapons capability by enriching uranium to a high level of fissile purity, above what they say is justifiable for a civilian atomic energy programme.

(Reuters)

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Pakistan, China in talks about security for Chinese nationals

Chinese nationals have been targeted by separatist militants who believe Beijing is helping Pakistan exploit minerals in Balochistan

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Pakistan and China’s discussions about security measures to protect Chinese nationals working in the South Asian country are a work in progress, Islamabad’s ambassador to Beijing said on Wednesday.

Chinese nationals have been in the crosshairs of separatist militants who believe Beijing is helping Pakistan exploit minerals in the underdeveloped southwestern province of Balochistan, where China has a strategic port and mining interests, Reuters reported.

It is Pakistan’s “national responsibility” and the country is “doing everything possible”, Ambassador Khalil Hashmi told reporters at the sidelines of the Boao Forum in China’s Hainan province.

“I think our two countries work very closely in terms of information sharing, in terms of developing the standard operating procedures” to ensure Chinese nationals working in Pakistan are safe, he said.

“We keep our Chinese friends informed of the steps that we are taking, so it’s a work in progress.”

Beijing has been pushing Pakistan to allow its own security staff to provide protection to thousands of Chinese citizens working there, frustrated by the string of attacks on its citizens.

The push came after a bombing at the Karachi airport last October killed two Chinese engineers who were returning there to work at a power plant.

Hashmi said those talks are ongoing, with a high degree of trust between both countries.

“It’s a complex security environment,” he said, “We have the capability to resolve, to counter and combat and defeat these terrorist forces.”

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