A report has said that Pakistan has continued to “expand its nuclear arsenal with more warheads” even as its citizens suffer through a cash-strapped economy.
Pakistan continues to expand its nuclear arsenal with more warheads even as the nation’s citizens suffer in a broken economy amid cash woes, reveals a report | Image: X/AP
Despite its dire economic circumstances, cash-strapped Pakistan continues to pursue its ambitions of expanding its nuclear arsenal. A recent research report by the Bulletin of the Atomic Scientists raises alarms about this development, stating, “Pakistan continues to gradually expand its nuclear arsenal with more warheads, more delivery systems, and a growing fissile material production industry.”
Pakistan, a nation grappling with a severe economic downturn, is facing widespread protests driven by soaring fuel prices and exorbitant power bills. The situation has reached a critical point, with petrol prices reaching an all-time high of PKR 300 per litre, and many cities experiencing prolonged power outages.
Desperate for financial relief, Pakistan sought assistance from China and Gulf nations on multiple occasions. However, in a significant turn of events, Pakistan reluctantly agreed to stringent conditions imposed by the International Monetary Fund (IMF) in exchange for a bailout.
U.S. President Joe Biden said on Sunday he held his highest level talks with Chinese leadership in months, adding that Beijing’s economic wobbles would not lead it to invade Taiwan.
Biden said he met with Chinese President Xi Jinping’s No.2, Chinese Premier Li Qiang, at the annual G20 summit in New Delhi. The talks were the highest level meeting between the two powers in nearly 10 months since Biden and Xi spoke at last year’s G20 in Indonesia.
U.S. President Joe Biden attends Partnership for Global Infrastructure and Investment event on the day of the G20 summit in New Delhi, India, September 9, 2023. REUTERS/Evelyn Hockstein/Pool Acquire Licensing Rights
Li, who took became premier in March, attended the gathering of world leaders in place of Xi. The two leaders were not expected to hold talks at the G20 but unscripted encounters at summits are common.
“My team, my staff still meets with President Xi’s people and his cabinet,” Biden told reporters. “I met with his No.2 person in India today.”
He added: “We talked about stability,” and the Southern Hemisphere. “It wasn’t confrontational at all.”
The White House on Sunday said Biden had met with a Chinese leader at the summit.
The two super powers have been trying to thaw frosty relations this year after a spat over a suspected Chinese spy balloon that flew over U.S. territory, while fears of an economic slowdown have gripped Beijing.
Speaking at a press conference in Vietnam, Biden touted the U.S. economy as the “strongest” globally. He told reporters that China’s growth was slowing due to a weak global economy as well as Chinese policies but did not specify which policies.
Biden called China’s economic situation a “crisis,” citing issues in the real estate sector and high youth unemployment.
“One of the major economic tenets of his plan isn’t working at all right now,” Biden said of Xi, without elaborating. “I’m not happy for that, but it’s not working.”
Biden added: “He has his hands full right now.”
The Democratic president is headed into a 2024 re-election campaign where his own handling of the economy and inflation has become a central concern for voters.
The U.S. economy grew at a 2.1% annualised rate last quarter. Central bankers have sharply raised interest rates to bring inflation back down to target levels.
