The two countries are caught in the Chinese debt trap with Beijing demanding further concessions for rescheduling the debt like demanding that Colombo give permission for Oceanography in South Sri Lanka.
While Pakistan Supreme Court has stabilized the political crisis in the Islamic Republic by restoring the National Assembly, the situation in Sri Lanka continues to be precarious with power, fuel, medicine scarcities sustaining the anger of the public and Islandwide protests including one on Thursday night outside the house of Prime Minister Mahinda Rajapaksa.
The Opposition JVP has given a three-day protest call in Colombo starting today.Both neighbours of India are facing a serious economic crisis, with the dollar-local currency exchange rate plummeting by the day, foreign reserves heading for rock bottom and external debt mounting due to poor governance by Imran Khan Niazi in Pakistan and the Rajapaksas in Sri Lanka. The two countries are caught in the Chinese debt trap with Beijing demanding further concessions for rescheduling the debt like demanding that Colombo give permission for Oceanography in South Sri Lanka.
Despite Imran Niazi blaming the “foreign hand” for conspiring with the Opposition to throw his government out of power, the Supreme Court of Pakistan overturned the deputy speaker ruling of rejecting the no-confidence motion moved by the Opposition on ground of what appears to be a non-existent conspiracy. It is widely expected that Opposition no confidence against Niazi will carry through tomorrow in the National Assembly, leading to the formation of an interim government under whom the general election will be held.
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