Pakistan’s Ministry of Finance has already asked the State Bank to work out a strategy in consultation with the central bank of China for a currency swap arrangement.
A memorandum of understanding (MoU) was signed between China’s Hong Kong-listed chemicals-maker, Lumena Resources Corp, and the KASB Group of Pakistan: significant progress for the strife torn industrial sector of Pakistan.
Indian Defense Minister Antony told his audience; “The increasing nexus between China and Pakistan in military sphere remains an area of serious concern. We have to carry out continuous appraisals of Chinese military capabilities and shape our responses accordingly. At the same time, we need to be vigilant at all times.”
America encourages India’s increasing involvement in Afghanistan, and calculates that Indian and American interests coincide in seeking to develop pipelines that would draw central Asia’s oil reserves toward south Asia and the Indian Ocean.
For South Asian analysts mention of India and Pakistan in the joint statement was significant. China and the United States voiced support for the peace and stability in South Asia.
Will China, the emerging superpower, face the same outcome as other empires that have crossed path in Afghanistan? Will the skeletons and memories of the Chinese be added to those already left behind in the barren mountains of Afghanistan?