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

Bollywood

Siddharth Malhotra carries pregnant wife Kiara Advani’s bag in unseen pic from New York ahead of Met Gala 2025

Published

on

By

Siddharth Malhotra carries pregnant wife Kiara Advani’s bag in unseen pic from New York ahead of Met Gala 2025

One of Bollywood actor Kiara Advani’s most exciting and memorable years will be 2025. Kiara and her famous husband, Sidharth Malhotra, revealed their first child’s impending arrival in February of this year. The couple and soon-to-be parents were seen outside a hospital two weeks ago, and Kiara was the first to show off her gorgeous baby bulge and pregnancy glow.

To top it all off, Kiara will soon be attending her first Met Gala! She and Siddharth were photographed outside their New York hotel only last night. A fan posted this photo of Kiara Advani and Siddharth Malhotra on social media when they arrived at their New York hotel. Now, it has In a heartwarming display of affection, Bollywood actor Sidharth Malhotra.

Advertisement

Recently spotted in New York City carrying his pregnant wife Kiara Advani’s handbag, ahead of her much-anticipated Met Gala 2025 debut. The candid moment, captured outside their hotel, quickly went viral on social media, with fans praising Siddharth’s supportive gesture

Kiara, expecting her first child with Siddharth, looked radiant in an oversized jacket layered over a midi dress, subtly showcasing her baby bump. Siddharth, dressed casually in a button-down shirt, followed closely behind, holding her white handbag—a simple yet touching act that resonated with fans online. The photo, shared on Reddit, garnered comments like.

The couple, who tied the knot in February 2023, announced their pregnancy earlier this year. Kiara’s appearance at the Met Gala marks a significant milestone, as she prepares to walk the red carpet in a custom Gaurav Gupta ensemble. While it’s yet to be confirmed if Siddharth will accompany her on the red carpet, his presence in New York underscores his unwavering.

Fans eagerly await Kiara’s Met Gala debut, anticipating a blend of Bollywood glamour and appearance at the Met Gala marks a significant milestone to walk the red He’s holding her bag they’re so highlighting the couple’s endearing dynamic international fashion flair. With Siddharth by her side, the couple continues to capture hearts, embodying love and partnership both on and off the screen support during this special time.

Advertisement

In a heartwarming moment captured in New York City, Bollywood actor Siddharth Malhotra was seen carrying his pregnant wife Kiara Advani’s handbag as they entered their hotel ahead of the Met Gala 2025. The candid photograph, shared by a fan on Reddit, quickly went viral, with fans praising Siddharth’s supportive gesture Kiara, expecting her first child Siddharth.

Looked radiant in an oversized jacket layered over a midi dress, subtly showcasing her baby bump. Siddharth, dressed casually in a button-down shirt, followed closely behind, holding her white handbag—a simple yet touching act that resonated with fans online The couple, who tied the knot in February 2023, announced their pregnancy earlier this year. Kiara’s appearanc.

At the Met Gala marks a significant milestone, as she prepares to walk the red carpet in a custom Gaurav Gupta ensemble. While it’s yet to be confirmed if Siddharth will accompany her on the red carpet, his presence in New York underscores his unwavering support during this special time Fans eagerly await Kiara’s Met Gala debut, anticipating a blend of Bollywood.

Glamour and international fashion flair. With Siddharth by her side, the couple continues to capture hearts, embodying love and partnership both on and off the screen Kiara, expecting her first child with, looked radiant in an oversized jacket layered over a midi dress, subtly showcasing her baby bump. , dressed casually in a button-down shirt, followed Kiara’s carpet in a custom Gaurav Gupta ensemble.

Advertisement
  • Group Media Publication
  1. Construction, Infrastructure and Mining   
  2. General News Platforms – IHTLive.com
  3. Entertainment News Platforms – https://anyflix.in/

Continue Reading
Anyskill-ads

Facebook

Trending