China Current Affairs - 2019

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Pakistan secures $3 billion bailout from Qatar

Cash-strapped Pakistan has secured a financial assistance in form of a bailout package of $3 billion from oil-rich Qatar, a day after Qatar’s Emir Sheikh Tamim bin Hamad concluded his visit to Pakistan.

Qatar’s financial assistance to Pakistan was announced by Sheikh Mohammed bin Abdulrahman Al Thani, Foreign Minister of Qatar.

Key Highlights

Pakistan also conferred visiting Qatari Emir with the Nishan-e-Pakistan, country’s highest civil honour.

Pakistan and Qatar apart from stepping up cooperation in trade and economy also signed a memorandum of understanding (MoU) to cooperate in field of exchange of financial intelligence related to money laundering and curbing terrorism financing.

During past 11 months, the Gulf state is 4th nation that has come forward at Pakistan’s rescue from default as when Prime Minister Imran Khan’s government tries to overcome a ballooning balance-of-payments (BOP) crisis.

Other Financial Aid to Pakistan:

China gave $4.6 billion aid to Pakistan in shape of deposits and commercial loans.

Saudi Arabia provided $3 billion cash deposit and $3.2 billion oil facility on deferred payments.

United Arab Emirates (UAE) also provided $2 billion cash deposit.

In May 2019 Pakistan reached a preliminary agreement with International Monetary Fund (IMF) for $6 billion bailout package that was aimed at supporting Pakistan’s finances and for strengthening a slowing economy.

Month: Categories: International

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2019 ITTF World Tour Hong Kong Open: China grabs 4 gold

China claimed four gold medals at 2019 ITTF World Tour Hong Kong Open, covering both Men’s single & doubles and Women’s single & doubles.

In 2019 edition of ITTF (International Table Tennis Federation) World Tour Hong Kong Open, China sent only their young guns and made star players, like Ma Long, Fan Zhendong, Liu Shiwen and Ding Ning rest for next week’s Japan Open.

Key Highlights

  • Women’s Singles: Wang Yidi of China won her first women’s singles title on international level by defeating No.2 seed Mima Ito of Japan with a thunderous 4-0 scoreline.
  • Women’s Doubles: In women’s doubles final, Chinese pair Chen Ke and Mu Zi overcame Jeon Ji-hee and You Eun-chong of Republic of Korea (South Korea), registering their first trophy as a pair.
  • Men’s Singles: Lin Gaoyuan of China added another gold after he registered a six-set victory over Tomokazu Harimoto of Japan, to whom Lin lost at final hurdle of 2018 edition of ITTF World Tour Grand Final.
  • Men’s Doubles: Liang Jingkun and Lin Gaoyuan of China won men’s doubles title by defeating Jang Woo-jin and Lim Jong-hoon of South Korea. It is the Chinese players’ first gold medal success as a pair on the ITTF World Tour.

Month: Categories: Sports & Games

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