Thread: News Miscellany
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Old 01-11-2018, 06:56 PM
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Default Re: News Miscellany

Pakistan Says US Is No Longer Its Ally - and It's Bigger Than You Think

Quote:
According to the Wall Street Journal, this recent animosity towards Pakistan has not gone over well. Pakistani Foreign Minister Khawaja Muhammad Asif said in an interview that the U.S. has failed to behave as an ally, and as a result, Pakistan no longer views it as one.

If anything, Washington’s recent behavior has only pushed Pakistan into the open arms of America’s traditional rivals, China and Iran. China has long been providing financial and economic assistance of its own to Pakistan with plans to expand an economic partnership in the years to come.

China has already pledged to invest $57 billion in Pakistani infrastructure as part of the so-called “Belt and Road” initiative. Just last month, Pakistan announced it was considering a proposal to replace the U.S. dollar with the Chinese yuan for bilateral trade between Pakistan and China.

Following the Trump administration’s recent attacks on Pakistan, Pakistan confirmed that dropping the dollar was no arbitrary threat and immediately replaced the dollar with the Chinese yuan.
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