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What happens is that global supply chains will be redirected to economies that offer comparative advantages in relation to China, such as Vietnam, Indonesia, Bangladesh, Cambodia and Laos. And this redirection is already happening anyway - including by Chinese companies.
BRI represents a massive geopolitical and financial investment by China, as well as its partners; over 130 states and territories have signed on. Beijing is using its immense pool of capital to make its own transition towards a consumer-based economy while advancing the necessary pan-Eurasian infrastructure development - with all those ports, high-speed rail, fiber optics, electrical grids expanding to most Global South latitudes.
[Wikileaks Editor-in-Chief] Kristinn Hrafnsson said that "there has been considerable political pressure on Sweden to reopen their investigation, but there has always been political pressure surrounding this case."
Hrafnsson added that, in his estimation at least, the "case has been mishandled throughout" after a Swedish prosecutor initially found that "no crime at all" had occurred, after which time the case was reopened.
A lawyer representing the woman making the allegation against Assange stressed the importance of prosecutors moving quickly because the statute of limitations is approaching next year.
"My client feels great gratitude and she is very hopeful about getting restitution and we both hope that justice will win," lawyer Elisabeth Massi Fritz said at a news conference.
"We have to wait for memorandum of economic and political policy to be released by IMF after the approval by executive board to know the exact details of the IMF loan agreement," Dr Ashfaque Hassan Khan Principal and Dean of school of Social Sciences and Humanities in NUST stated this while giving its response to IMF statement about deal with Pakistan here on Sunday evening.
However, the loan programme will be for 39 months instead of three years (36 months). But the most starling thing is that the agreement is subject to IMF management approval and to approval by the Executive Board, subject to the timely implementation of prior actions and confirmation of international partners' financial commitments.
This means the government, Dr Ashfaque said, have to take many prior actions to qualify for the approval of the loan from executive board of IMF which may include the satisfactory actions against money laundering and terror financing as for the first time in IMF loan programme under Extended Fund Facility programme the words of anti-money laundering and terror financing have been used. This means that unless and until Pakistan satisfies FATF on the said issues, IMF executive board will not extend green signal to $6 billion loan programme for Pakistan.
"Under the prior action, the government will have to bring down primary deficit from 3 percent to 0.6 percent in next budgetary year which will be an uphill task for the government." He explained that the primary deficit means total revenue less than non-interest expenditure.
He further says that apart from debt servicing, the deficit between revenue and expenditure on defence, running development budget expenditure that stand at 3 percent will be brought down to 0.6 percent in next financial year. This means that Pakistan will be having no option but to place huge cut on development budget or on defence budget and if the government does not want to cut either development budget or defence budget, then it will have to generate massive revenue through taxation. Dr Khan said massive increase through taxation will not be possible at a time when the growth has tumbled to just 3.3 percent and in next two year it may go down more or may stand stagnant. "When the growth will be in the lowest ebb, that massive revenue generation will be impossible through huge taxation."



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