Connect with us

India Hot Topics

The current situtation in Sri Lanka and Pakistan is due to Chinese funding for white elephant projects

Published

on

The current situtation in Sri Lanka and Pakistan is due to Chinese funding for white elephant projects

Built during the presidency of Mahinda Rajapaksa, both port and airport, built from high-interest loans from Chinese EXIM bank, are examples of fiscal profligacy.

Eighteen kilometres from Chinese owned Hambantota Port in Sri Lanka lies Mattala Rajapaksa International airport, which is unfortunately the least used airport in the world.

The Hambantota Port in Sri Lanka and Gwadar Port in restive Baluchistan in Pakistan are classical cases of white elephant projects. Both the ports are located strategically but are commercially unsustainable as there is simply not enough traffic. China has already acquired Hambantota and may acquire Gwadar too in the coming months. Fact is that there is no real income from these ports and cargo traffic is being diverted from Colombo and Karachi ports to keep them operational while Matala airport, in Sri Lanka, is sometimes used for storing paddy.

Advertisement

Beijing has maintained that its loans comprise 10 per cent of Sri Lanka’s overall external debt. This works out to be USD five billion out of total debt of nearly USD 51 billion excluding currency swaps, foreign currency term facility agreements, and loans given by Chinese state-owned enterprises.

In Pakistan, the Chinese EXIM Bank has loaned USD 11 billion (concessional) at an interest rate of 1.6 per cent for infrastructure projects and another USD 15.5 billion (commercial) carrying an interest rate of 5-6 per cent for power projects under the China Pakistan Economic Corridor, part of the BRI and designed to give Beijing access to the Arabian Sea and beyond.

In Pakistan, the debt burden has consistently increased due to the regular depreciation of the Pakistani Rupee at an average of six per cent per year. In Sri Lanka, the Lankan Rupee collapsed in a matter of days, increasing the cost of hard currency dramatically.

Today, the value of 1$ in Sri Lanka is equal to 300 Sri Lankan rupees.

Advertisement

Continue Reading

$92.8 million

Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…

Published

on

By

Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…

Akshay Kumar and Priyadarshan, the acclaimed Indian director, celebrated their 68th birthday on Instagram. Kumar, who has worked with Priyadarshan on several cult comedies of the early 2000s, wished him a happy birthday and called him a mentor. The duo is now back together for their upcoming horror-comedy, Bhooth Bangla.

The first poster of the movie has been released, and it is expected to hit theaters in 2025. Akshay Kumar wore a black fedora and a green jacket, layered over a black tee, and fans have expressed their excitement for their new movie.

Advertisement

The duo’s dynamic and deep bonding have been praised by fans, who have expressed high anticipation for their new movie. The first poster of Bhooth Bangla has already been released, and the movie is expected to hit theaters in 2025.

Akshay Kumar, the versatile Bollywood actor, recently celebrated director Priyadarshan’s birthday by sharing a behind-the-scenes (BTS) photograph from their upcoming film, “Bhooth Bangla.” In the image, Akshay humorously captioned, “Surrounded by ghosts…” The photo features Akshay alongside Priyadarshan and co-actor Paresh Rawal, all dressed in traditional attire, with a black cat perched on Akshay’s shoulder, adding a whimsical touch to the scene.

Reunion After 14 Years

This collaboration marks a significant reunion between Akshay Kumar and Priyadarshan, who last worked together on the film “Bhool Bhulaiyaa” in 2007. Their partnership has been celebrated in the past for delivering successful comedies like “Hera Pheri” and “Garam Masala.” Fans have eagerly anticipated their return to the big screen together, and “Bhooth Bangla” promises to be a delightful addition to their repertoire.

Advertisement

About ‘Bhooth Bangla’

“Bhooth Bangla” is a horror-comedy that blends elements of suspense with humor, a genre in which both Akshay Kumar and Priyadarshan have excelled. The film is produced by Balaji Telefilms Ltd in association with Cape of Good Films. The motion poster released earlier this year features Akshay Kumar in a suit, with a cat on his shoulder, licking milk slyly, setting the tone for the film’s intriguing and humorous premise.

instantbollywood.com

Anticipation and Fan Reactions

Advertisement

The BTS photo shared by Akshay Kumar has generated excitement among fans, who are eager to see the trio back together on screen. The playful caption and the presence of the black cat suggest that “Bhooth Bangla” will offer a mix of thrills and laughs, staying true to the successful formula of their previous collaborations.

As the release date for “Bhooth Bangla be a significant highlight in the upcoming entertainment lineup. The reunion of Akshay Kumar, Priyadarshan, and Paresh Rawal, combined with the intriguing premise and the playful BTS moments, has set high expectations among audiences. Fans can look forward to a cinematic experience that promises both chills and chuckles.

For a visual glimpse into the making of “Bhooth Bangla,” you can watch the following video Akshay Kumar expressed his gratitude as they once again united for their upcoming movie Bhooth Bangla. This marks a new chapter in their long-standing collaboration since the 2000s. He shared a picture from behind the scenes of their new movie, where it seems like they are laughing about something.

Akshay wrote,”Happy Birthday, Priyan Sir! What better way to celebrate than by spending the day on a haunted set, surrounded by ghosts…both real and unpaid extras? Thank you for being a mentor, and the only person who can make chaos look like a masterpiece. May your day be filled with fewer retakes. Wishing you a fantastic year ahead!”

Advertisement

Group Media Publications
Entertainment News Platforms – anyflix.in      
Construction Infrastructure and Mining News Platform – https://cimreviews.com/
General News Platform – https://ihtlive.com/
Legal and Laws News Platforms – https://legalmatters.in/
Podcast Platforms – https://anyfm.in/

Continue Reading
Anyskill-ads

Facebook

Trending