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N.Korea fires ballistic missile off its east coast, S.Korea military says

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(Last Updated On: October 19, 2021)

North Korea fired at least one ballistic missile off its east coast on Tuesday, officials in South Korea and Japan said, as Seoul opens a major arms fair, spy chiefs meet to discuss the nuclear standoff, and South Korea prepares for a space launch, Reuters reported.

The North Korean launch would be the latest weapons test by the country, which has pressed ahead with military development in the face of international sanctions imposed over its nuclear weapons and missile programmes.

According to the report one ballistic missile was launched about 10:17 a.m. local time from the vicinity of Sinpo, South Korea’s Joint Chiefs of Staff said, where North Korea keeps submarines as well as equipment for test firing submarine-launched ballistic missiles (SLBMs). North Korea has also launched other types of missiles from that area.

“Our military is closely monitoring the situation and maintaining readiness posture in close cooperation with the United States, to prepare for possible additional launches,” JCS said in a statement.

Japanese Prime Minister Fumio Kishida said that two ballistic missiles had been detected, and that it was “regrettable” that North Korea had conducted a string of missile tests in recent weeks, read the report.

The launch came as the intelligence chiefs of the United States, South Korea, and Japan were due to meet in Seoul to discuss the standoff with North Korea, amid other issues, Yonhap news agency reported, citing a government source.

Representatives of hundreds of international companies and international militaries were gathered in Seoul for the opening ceremonies of the International Aerospace and Defence Exhibition (ADEX), Reuters reported.

It is set to be South Korea’s largest defence expo ever, with displays of next-generation fighter aircraft, attack helicopters, drones, and other advanced weapons, as well as space rockets and civilian aerospace designs.

According to Reuters South Korea is preparing to test fire its first homegrown space launch vehicle on Thursday.

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Pakistan receives $3 billion loan from Saudi Arabia

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(Last Updated On: December 5, 2021)

Pakistan on Saturday received a $3 billion loan from Saudi Arabia, the prime minister’s finance adviser said, as part of an economic support package.

The South Asian country has faced growing economic challenges, with high inflation, sliding forex reserves, a widening current account deficit and a depreciating currency, Reuters reported.

Pakistan’s total liquid foreign reserves stand at $22,498.8 million, based on central bank data.

Shaukat Tarin, finance adviser to Pakistan’s prime minister Imran Khan, said in a tweet: “I want to thank His Excellency Crown Prince Mohammed Bin Salman and Kingdom of Saudi Arabia for the kind gesture.”

The loan from Saudi Arabia will be for one year at a 4% interest rate under the terms of the package, which was signed last month, Reuters reported.

“This is positive news … and will help bolster both the foreign exchange reserves and sentiments in the forex market,” Saad Hashemy, executive director at BMA Capital said.

The loan comes a week after the International Monetary Fund agreed with Pakistan on measures needed to revive a stalled $6 billion funding program.

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Uzbekistan’s Samarkand city named 2023 World Tourism Capital

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(Last Updated On: December 5, 2021)

Uzbekistan’s historic city of Samarkand was chosen as the 2023 World Tourism Capital at the 24th General Assembly of the UN World Tourism Organization (UNWTO) in Spain, Uzbekistan’s Tourism and Sports Ministry said in a statement on Saturday.

Samarkand will host the 25th General Assembly of the UNWTO, which will be a “historic event” as it marks the first time in history that the gathering will be held in Uzbekistan, read the statement.

The summit in Madrid was attended by a delegation led by Uzbekistan’s Tourism and Sports Minister Aziz Abdukhakimov, who is also the country’s deputy prime minister.

The opportunity to host a UN organization meeting for the first time is the result of the Uzbek government’s policies and efforts to develop tourism in the country, the statement added.

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Russia, Southeast Asia conclude first joint naval exercise

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(Last Updated On: December 4, 2021)

Russia and the Association of Southeast Asian Nations (ASEAN) have concluded their first joint naval exercise, Indonesia’s navy said on Saturday, as the region faces rising tensions with China.

The three-day exercise off the coast of Indonesia’s Sumatra island aimed at increasing interoperability between the ASEAN member states and the Russian navy in the strategic maritime area. It comes amid rising tensions between major powers in the South China Sea, a resource-rich waterway of geopolitical significance, Reuters reported.

“The exercise has a strategic impact because it was designed to cultivate friendships between the Indonesian government, ASEAN countries and Russia,” the navy said.

The two-stage drills involved eight warships and four aircraft from Russia, Indonesia, Malaysia, Thailand, Vietnam, Singapore and Brunei.

Aleksei Bolotnikov, commander of the Russian warship Admiral Panteleyev, was quoted as saying he hoped the next ASEAN-Russia exercise could take place in Vladivostok, Reuters reported.

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