AIT, Qatar Investment Authority, Onex Announce Partnership

All amounts in U.S. dollars unless otherwise stated 

PLANO, Texas, DOHA, Qatar, and TORONTO, Feb. 22, 2022 (GLOBE NEWSWIRE) — AIT (the “company”), together with its founding management and Onex Corporation (“Onex”) (TSX: ONEX), today announced that Qatar Investment Authority (“QIA”), the sovereign wealth fund of the State of Qatar, through its affiliates, has agreed to acquire a minority interest in AIT, the world’s largest provider of factory automation to the aerospace, defense, and space launch sectors. The transaction is expected to close in 2022, subject to regulatory conditions and approvals.

QIA will acquire its interest in AIT through a combination of primary capital and partial sales by the company’s two existing shareholders, AIT’s founding management team and Onex Partners IV. Following the transaction, all three parties will assume minority joint ownership of the company.

“QIA is among the world’s most sophisticated investors. We’ve been deliberate in our choice of partner and are excited for this next chapter in our history,” commented Ed Chalupa, AIT’s Founder, Chairman and Chief Executive Officer. “AIT is emerging from the pandemic with the highest quality contracted backlog in its history. Our ability to attract high quality investors is testament to the critical role automation technology is playing in restoring factory production rates, easing cost pressures and enabling industry product launches after a two-year pandemic disruption.”

Mr. Mansoor bin Ebrahim Al-Mahmoud, Chief Executive Officer of QIA, said: “We continue to target value added growth businesses in automation and productivity enhancing industries globally. We’re excited to partner with AIT, as it looks to address demand post pandemic, while exploring new avenues for innovation in space launch and urban air mobility.”

About AIT
Headquartered in Plano, TX, Advanced Integration Technology (“AIT”) is the world’s largest provider of automation, factory integration and tooling solutions dedicated to the global aerospace, defense, and space launch vehicle industries, as well as new manufacturing solutions for commercial urban air mobility markets. AIT serves a wide range of global, blue-chip OEMs and Tier 1 suppliers, including Airbus, Boeing, Lockheed Martin, Northrop Grumman, and Spirit AeroSystems. AIT has facilities in the United States, Canada, Spain, and Sweden. For more information on AIT, visit its website at www.aint.com.

About QIA
Qatar Investment Authority (“QIA”) is the sovereign wealth fund of the State of Qatar. QIA was founded in 2005 to invest and manage the state reserve funds. QIA is among the largest and most active sovereign wealth funds globally. QIA invests across a wide range of asset classes and regions as well as in partnership with leading institutions around the world to build a global and diversified investment portfolio with a long-term perspective that can deliver sustainable returns and contribute to the prosperity of the State of Qatar. For more information on QIA, visit its website at www.qia.qa.

About Onex
Founded in 1984, Onex manages and invests capital on behalf of its shareholders, institutional investors and high net worth clients from around the world. Onex’ platforms include: Onex Partners, private equity funds focused on mid- to large-cap opportunities in North America and Western Europe; ONCAP, private equity funds focused on middle market and smaller opportunities in North America; Onex Credit, which manages primarily non-investment grade debt through tradeable, private and opportunistic credit strategies as well as actively managed public equity and public credit funds; and Gluskin Sheff’s wealth management services. In total, as of September 30, 2021, Onex has approximately $47 billion of assets under management, of which approximately $7.9 billion is its own investing capital. With offices in Toronto, New York, New Jersey, Boston and London, Onex and its experienced management teams are collectively the largest investors across Onex’ platforms.

Onex shares trade on the Toronto Stock Exchange under the stock symbol ONEX. For more information on Onex, visit its website at www.onex.com. Onex’ security filings can also be accessed at www.sedar.com.

Advisors
Morgan Stanley & Co. LLC and Citigroup Global Markets Inc. are serving as financial advisors to AIT and Fried, Frank, Harris, Shriver & Jacobson LLP and White & Case LLP are serving as its legal advisors. Sullivan & Cromwell LLP is serving as legal advisor to QIA.

Forward-Looking Statements
This press release may contain, without limitation, statements concerning possible or assumed future operations, performance or results preceded by, followed by or that include words such as “believes”, “expects”, “potential”, “anticipates”, “estimates”, “intends”, “plans” and words of similar connotation, which would constitute forward-looking statements. Forward-looking statements are not guarantees. The reader should not place undue reliance on forward-looking statements and information because they involve significant and diverse risks and uncertainties that may cause actual operations, performance or results to be materially different from those indicated in these forward-looking statements. Except as may be required by Canadian securities law, Onex is under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or other factors. These cautionary statements expressly qualify all forward-looking statements in this press release.

For Further Information:

AIT
Michael Wellham
President & COO
Michael.Wellham@aint.com
QIA
Media@qia.qa
Onex
Jill Homenuk
Managing Director – Shareholder Relations and Communications
Tel: +1 416.362.7711

Pakistan’s Khan wants TV debate with Indian counterpart

Published by
Al-Araby

Pakistani Prime Minister Imran Khan said on Tuesday he would like to have a televised debate with his Indian counterpart, Narendra Modi, to resolve differences between the two neighbours. The nuclear-powered rivals have shared antagonistic relations since gaining independence 75 years ago, fighting three wars, with ties strained recently over the northern Muslim-majority region of Kashmir, which both claim in full. “I would love to debate with Narendra Modi on TV,” Khan toldRussia Today in an interview, adding that it would be beneficial for the billion people in the subcontinent if difference… Continue reading “Pakistan’s Khan wants TV debate with Indian counterpart”

Bombardier Appoints Christophe Degoumois as Executive Advisor

Accomplished sales leader will provide strategic insight as Bombardier grows its customer base

MONTREAL, Feb. 22, 2022 (GLOBE NEWSWIRE) — Bombardier is pleased to announce the appointment of Christophe Degoumois, a former senior sales leader with the company, to the role of independent Executive Advisor, assisting the management team in strategic projects.

Mr. Degoumois, who until recently was Vice President, Sales, International, at Bombardier, has over 17 years of experience with the company, and played a key role in instilling its customer-centric culture.

“The business aviation industry continues to perform well and to attract interest from around the world,” said Eric Martel, President and Chief Executive Officer, Bombardier. “Christophe will bring valuable strategic insight to our leadership team as Bombardier executes its plan toward 2025 growth objectives, in this new era as a company focused on designing, delivering and servicing the world’s best business jets.”

Bombardier’s leading portfolio of Challenger and Global business jets is well positioned to meet a growing demand for business aviation. Bombardier aircraft are sought-after around the world thanks to their performance, unmatched cabin experience and smooth ride.

About Bombardier

Bombardier is a global leader in aviation, focused on designing, manufacturing and servicing the world’s most exceptional business jets. Bombardier’s Challenger and Global aircraft families are renowned for their cutting-edge innovation, cabin design, performance and reliability. Bombardier has a worldwide fleet of approximately 5,000 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. Bombardier aircraft are also trusted around the world in special-mission roles.

Headquartered in Montréal, Québec, Bombardier operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. The company’s robust customer support network includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Italy, Austria, the UAE, Singapore, China and an Australian facility opening in 2022.

For corporate news and information, including Bombardier’s Environmental, Social and Governance report, visit bombardier.com. Learn more about Bombardier’s industry-leading products and customer service network at businessaircraft.bombardier.com. Follow us on Twitter @Bombardier.

Bombardier, Challenger and Global are registered or unregistered trademarks of Bombardier Inc or its subsidiaries.

For Information
Louise Solomita
Bombardier
514-855-5001, ext. 25148
Louise.Solomita@aero.bombardier.com

Resolve Systems Announces Middle East Expansion with Opening of Dubai Office

Supports Partner and Enterprise Customers on their IT Automation Journeys

DUBAI, UAE, Feb. 22, 2022 /PRNewswire/ — Resolve Systems®, the leading intelligent IT automation software vendor, today announced its expansion into the Middle East to support organizations on their IT automation journeys. The newly established office located in Dubai will serve customers and partners in the Middle East region including UAE, Saudi Arabia, Egypt, Qatar, Kuwait, Oman, Bahrain, Jordan, Lebanon, Turkey and Pakistan, as well as Africa.

Resolve Systems

“Resolve’s rapid growth reflects the recognized strength and value of our IT automation solutions as the pace of digital transformation accelerates around the globe,” said Vijay Kurkal, CEO, Resolve Systems. “We are excited to establish this in-region presence to serve and support enterprises and IT service providers across the Middle East and Africa, as they look to adopt intelligent tools that will provide greater visibility into their IT systems and enable automation for many of their IT operations processes.”

Resolve’s expansion comes amid rising demand for automation technology as digital transformation initiatives continue to advance across this region. IT automation has emerged as an essential tool to help overcome challenges including the global IT talent shortage. And as a key element of the digital transformation journey which has been prioritized in response to the pandemic, Resolve expects adoption of its intelligent IT automation solutions to accelerate rapidly in the coming year.

Resolve’s Amer Sharkawi, Regional Sales Director, and Mohamad Ashokaibi, Senior Sales Engineer, will lead the Dubai office.

“Organizations across the Middle East, Turkey, and Africa are increasing their efforts around IT automation to find the best strategies for today’s digital world,” commented Sharkawi. “We look forward to working closely with our existing partners and customers in the region and developing new relationships to extend the benefits of our powerful solutions.”

To contact a Resolve Systems Middle East representative visit https://resolve.io/about-us/contact.

About Resolve Systems

Resolve Systems helps enterprise technology teams worldwide achieve agile, autonomous operations with an industry-leading intelligent IT automation platform. With more than a decade of automation expertise, Resolve’s solutions are purpose-built to address challenges posed by increasing IT complexity. Resolve enables organizations to maximize operational efficiency, overcome labor shortages, reduce costs, quickly troubleshoot and fix problems, and accelerate service delivery. Resolve is majority-owned by Insight Partners, a leading global venture capital and private equity firm investing in high-growth technology and software companies.

Learn more at resolve.io, follow us on Twitter @ResolveSystems and LinkedIn, and tune into Intelligent Automation Radio for insights on the impact and opportunities for innovation that automation delivers, on our website, or wherever you get your podcasts.

Logo – https://mma.prnewswire.com/media/1749845/Resolve_Logo.jpg

ریزولو سسٹمز کا دبئی آفس کے افتتاح کے ساتھ مشرق وسطیٰ میں توسیع کا اعلان

شراکت دار اور انٹرپرائز صارفین کو ان کے آئی ٹی آٹومیشن سفر پر سپورٹ کرتا ہے

دبئی، متحدہ عرب امارات، 22 فروری 2022 /پی آر نیوز وائر/ — معروف انٹیلیجنٹ آئی ٹی آٹومیشن سافٹ ویئر وینڈر ریزولو سسٹمز® نے آج مشرق وسطیٰ میں اپنی توسیع کا اعلان کیا ہے تاکہ ان کے آئی ٹی آٹومیشن سفر پر اداروں کی مدد کی جاسکے۔دبئی میں واقع نیا قائم کردہ دفتر مشرق وسطیٰ کے خطے بشمول متحدہ عرب امارات، سعودی عرب، مصر، قطر، کویت، عمان، بحرین، اردن، لبنان، ترکی اور پاکستان کے علاوہ افریقہ میں صارفین اور شراکت داروں کی خدمت کرے گا۔https://mma.prnewswire.com/media/1749845/Resolve_Logo.jpg

ریزولو سسٹمز کے سی ای او وجے کرکل نے کہا کہ ریزولو کی تیز رفتار ترقی ہمارے آئی ٹی آٹومیشن حل کی تسلیم شدہ طاقت اور قدر کی عکاسی کرتی ہے کیونکہ دنیا بھر میں ڈیجیٹل تبدیلی کی رفتار تیز ہو رہی ہے۔ ہم مشرق وسطیٰ اور افریقہ بھر میں انٹرپرائزز اور آئی ٹی سروس فراہم کنندگان کی خدمت اور معاونت کے لئے خطے میں اس موجودگی کو قائم کرنے کے لئے پرجوش ہیں کیونکہ وہ انٹیلیجنٹ ٹول کو اپنانا چاہتے ہیں جو ان کے آئی ٹی نظام میں زیادہ سے زیادہ نظر آئیں گے اور ان کے بہت سے آئی ٹی آپریشنز کے عمل کے لئے آٹومیشن کو فعال بنائیں گے۔

ریزولو کی توسیع آٹومیشن ٹیکنالوجی کی بڑھتی ہوئی مانگ کے درمیان ہوئی ہے کیونکہ اس خطے میں ڈیجیٹل تبدیلی کے اقدامات جاری ہیں۔ آئی ٹی آٹومیشن عالمی آئی ٹی ٹیلنٹ کی کمی سمیت چیلنجوں پر قابو پانے میں مدد کے لئے ایک ضروری ہتھیار کے طور پر ابھرا ہے۔اور ڈیجیٹل تبدیلی کے سفر کے ایک اہم عنصر کے طور پر جسے وبا کے جواب میں ترجیح دی گئی ہے، ریزولو کو توقع ہے کہ آنے والے سال میں اس کے انٹیلیجنٹ آئی ٹی آٹومیشن حل کو اپنانے میں تیزی آئے گی۔

ریزولو کے ریجنل سیلز ڈائریکٹر عامر شرکاوی اور سینئر سیلز انجینئر،محمد اشوکائیبی، دبئی کے دفتر کی قیادت کریں گے۔

شرکاوی نے کہا کہ مشرق وسطیٰ، ترکی اور افریقہ بھر کی تنظیمیں آج کی ڈیجیٹل دنیا کے لیے بہترین حکمت عملی تلاش کرنے کے لیے آئی ٹی آٹومیشن کے ارد گرد اپنی کوششیں بڑھا رہی ہیں۔ ہم خطے میں اپنے موجودہ شراکت داروں اور صارفین کے ساتھ مل کر کام کرنے اور اپنے طاقتور حل کے فوائد کو بڑھانے کے لئے نئے تعلقات قائم کرنے کے منتظر ہیں۔

ریزولو سسٹمز مشرق وسطیٰ کے نمائندے سے رابطہ کرنے کے لئے برائے مہربانی دورہ کریں:  https://resolve.io/about-us/contact

ریزولو سسٹمز کے بارے میں

ریزولو سسٹمز دنیا بھر میں انٹرپرائز ٹیکنالوجی ٹیموں کو صنعت کے سرکردہ انٹیلیجنٹ آئی ٹی آٹومیشن پلیٹ فارم کے ساتھ چست، خود مختار آپریشنز حاصل کرنے میں مدد کرتا ہے۔ ایک دہائی سے زیادہ کی آٹومیشن مہارت کے ساتھ، ریزولو کے حل آئی ٹی کی پیچیدگی میں اضافہ سے درپیش چیلنجوں سے نمٹنے کے مقصد سے بنائے گئے ہیں۔ حل تنظیموں کو آپریشنل کارکردگی کو زیادہ سے زیادہ کرنے، مزدوروں کی کمی پر قابو پانے، لاگت کو کم کرنے، مسائل کو فوری طور پر حل کرنے اور خدمات کی فراہمی میں تیزی لانے کے قابل بناتا ہے۔ ریزولو، انسائٹ پارٹنرز کی اکثریت کی ملکیت ہے جو ایک معروف عالمی وینچر کیپیٹل اور نجی ایکویٹی کمپنی ہے جو اعلی ترقی والی ٹیکنالوجی اور سافٹ ویئر کمپنیوں میں سرمایہ کاری کر رہی ہے۔

مزید جانیں resolve.io  پر

ٹوئٹر @ResolveSystems اور لنکڈان پر ہمیں فالو کریں اور ہماری ویب سائٹ پر، یا جہاں کہیں بھی آپ کو اپنے پوڈ کاسٹ ملے، آٹومیشن فراہم کرنے والے اختراعات کے اثرات اور مواقع کے بارے میں بصیرت کے لیے انٹیلیجنٹ آٹومیشن ریڈیو کو ٹیون کریں۔

لوگو – https://mma.prnewswire.com/media/1749845/Resolve_Logo.jpg

 

Muslim Women Journalists in India Decry Rising Threats

Arshi Qureshi was “auctioned” on the Bulli Bai app, where many Muslim women and girls were offered “for sale,” and even though the app was shut down after widespread condemnation, intimidation and online trolling against her have not ceased.

“I am quite often abused on social media if I put up a tweet or post criticizing the ruling regime,” Qureshi told VOA.

As a journalist, Qureshi says, it’s her job to report on social and political issues affecting her country, India, but she finds doing so increasingly difficult and risky.

“I’ve realized I can’t be silent. This is what they want. They want to silence vocal Muslim women’s voices,” she said.

Qureshi’s is not the only case.

This week, United Nations-appointed independent rights experts issued a statement calling on Indian authorities to stop systematic harassment against a prominent Indian Muslim journalist.

“Relentless misogynistic and sectarian attacks online against journalist Rana Ayyub must be promptly and thoroughly investigated by the Indian authorities and the judicial harassment against her brought to an end at once,” the statement said.

Ayyub has been targeted for her consistent reporting on women’s rights, government accountability and the situation of religious minorities in India.

“They call our existence, our reportage, our opinions as insignificant but unleash all their favorite anchors, prime time shows, twitter trends, right wing ecosystem, propaganda websites and leaders to defend themselves against a journalist,” Ayyub wrote on Twitter on Tuesday.

Media under fire

Over the past few years, India has ranked as one of the most dangerous and restrictive countries for journalists in the world.

Of the 27 journalists killed in different parts of the world in 2021, five documented deaths occurred in India, according to the Committee to Protect Journalists.

And despite its secular and democratic status, India is ranked 142nd — next to Myanmar and Pakistan — in the Reporters Without Borders (RSF) 2021 World Press Freedom Index.

“Ever since the general elections in the spring of 2019, won overwhelmingly by Prime Minister Narendra Modi’s Bharatiya Janata Party, pressure has increased on the media to toe the Hindu nationalist government’s line,” RSF said.

In addition to facing increased public harassment, Muslim journalists, particularly women, are also exposed to discrimination at their workplaces.

“Even within the large Indian media companies, there is kind of a glass ceiling for many Muslim journalists, … that they had been discriminated against inside many of the big publications,” Steven Butler, Asia program coordinator at CPJ, told VOA.

The risks facing free media in India also undermine the country’s democratic institutions.

“You cannot have democracy without freedom of the press,” Butler said.

Majoritarian politics

India is the world’s most populous democracy, and about 14% of its 1.4 billion people are Muslim, but human rights groups say the country has become increasingly intolerant and at times even threatening toward them.

These groups blame the ruling Bharatiya Janata Party (BJP), including Modi, for stoking Hindu-Muslim tensions.

“The BJP government at both central and state levels have adopted laws and policies that discriminate against minorities and vulnerable communities, especially Muslims,” Jayshree Bajoria, a senior researcher with Human Rights Watch, told VOA.

As millions of Indians cast votes in seven state legislative elections, including in the most populous state, Uttar Pradesh, some Hindu religious groups have reportedly stoked religious sentiments for political gains.

In recent weeks, BJP political rallies have included threats of mass violence against Muslims, and some party leaders have labeled Muslims as terrorists.

And a new law banning Muslim girls from wearing hijabs at educational centers has led to protests and closures of schools in the southern Indian state of Karnataka.

The hijab ban “is the latest example of Indian authorities increasingly seeking to marginalize Muslims, exposing them to heightened violence,” Bajoria said.

For the journalist Qureshi, the fight for hijab is not just religious.

“Hijabi Muslim women are fighting for their constitutional right — rights that are being snatched away in a democratic country,” she told VOA.

While Modi has not publicly commented on his party’s policies regarding Indian Muslims, he claimed at an election rally this month to have the blessings of Muslim women.

Modi was quoted in Indian media as saying: “We freed Muslim sisters from the tyranny of triple talaq (divorce). When Muslim sisters started supporting the BJP openly, these vote mongers became uneasy. They are trying to stop Muslim daughters from progress. Our government stands with Muslim women.”

Source: Voice of America

India Sends Wheat to Afghanistan through Pakistan

NEW DELHI — India on Tuesday sent the first consignment of 50,000 tons of wheat that it has pledged to give Afghanistan, where more than half the country is grappling with hunger.

The grain is being transported via Pakistan in a rare instance of the archrivals setting aside their deep differences to allow desperately needed humanitarian aid to reach conflict-ridden Afghanistan.

A convoy of 50 Afghan trucks loaded with about 2,500 tons of wheat and bearing banners that read, “A gift from the people of India to the people of Afghanistan,” was waved off by Indian Foreign Secretary Harsh Vardhan Shringla at the Attari-Wagah border crossing between India and Pakistan.

The wheat will be handed over in Jalalabad to the United Nations’ World Food Program, with which India has signed a pact to distribute the aid in Afghanistan.

The Attari-Wagah border crossing has been virtually closed to all exports from India since August 2019, when Islamabad suspended trade ties with New Delhi, but Islamabad allowed the shipment through its territory after a request from New Delhi.

It, however, took them nearly three months to sort out the logistics of the transportation.

Afghan trucks are carrying the wheat because Islamabad did not want Indian trucks to travel through its territory, according to reports. Pakistan has said it is opening the land route as an exception for the humanitarian aid.

Shringla said that India will fulfill its commitment to supply 50,000 tons of wheat in two to three months.

In a tweet, Afghanistan’s Karzai administration-appointed ambassador to India, Farid Mamundzay, who was present at the ceremony when the trucks rolled out, said, “I thank the Indian government for the generosity displayed at a time when more than 20 million Afghans are facing crisis or the worse levels of food insecurity in more than three decades.” He said the wheat committed by India is “one of the largest food contributions done by any country in this difficult hour.”

The director of the World Food Program in India, Bishow Parajuli, who was also present at the ceremony, said, “All the help Afghanistan receives will be of extreme value and therefore this help coming from India is really timely and very important.”

After the Taliban takeover of Afghanistan last year, India, which had helped build key development projects in the country, was largely sidelined and suspended its diplomatic presence in Kabul.

New Delhi, however, has reiterated it will continue humanitarian assistance to Afghanistan, with the Indian Foreign Ministry saying in a statement on Tuesday that “it remains committed to its special relationship with the people of Afghanistan.”

New Delhi has sent five consignments consisting of half a million doses of coronavirus vaccines, along with 13 tons of essential medicine and winter clothing — the latest being dispatched on Saturday.

In its annual budget presented earlier this month, India also allocated about $26.5 million for aid for Afghanistan – but the figure is at a lower level compared to last year, when it committed $40 million.

Political analysts say the humanitarian aid is a diplomatic route for India to build some links with the Taliban, which has welcomed India’s offer of help.

In January, the United Nations asked the international community for $4.4 billion for Afghanistan for 2022 — its largest ever appeal for humanitarian assistance for a single country.

U.N. aid agencies have described Afghanistan’s plight as one of the world’s most rapidly growing humanitarian crises.

About 23 million people there face acute food insecurity, and 9 million are on the brink of starvation, according to the World Food Program.

Source: Voice of America

Pakistan’s PM Urges Peaceful End to Ukraine Crisis Ahead of Visit to Russia

Pakistan’s Prime Minister Imran Khan is set to travel to Russia on Wednesday to meet with President Vladimir Putin, as the West condemns the Russian leader over the deepening Ukraine crisis.

The Pakistani Foreign Ministry said Putin and Khan “will review the entire array” of relations between the two countries, including energy cooperation.

“They will also have wide-ranging exchange of views on major regional and international issues, including Islamophobia and situation in Afghanistan,” the statement added.

Russia’s official news agency TASS quoted Kremlin spokesman Dmitry Peskov as telling reporters Tuesday that Putin’s meeting with Khan “is scheduled for Thursday.”

Officials in Islamabad are maintaining that Khan’s two-day trip, the first such visit to Moscow by a Pakistani prime minister in 23 years, was taking place at the invitation of President Putin and was planned before the Ukraine standoff happened. Khan will be the first foreign leader to visit Moscow since Putin recognized the independence of Ukraine’s breakaway republics of Donestsk and Luhansk.

Speaking to Russian state-controlled RT channel Tuesday, Khan dismissed suggestions his visit had anything to do with global politics in the wake of Russia’s escalating tensions with Europe and the United States over Ukraine.

“This [Ukraine crisis] does not concern us. We have a bilateral relationship with Russia, and we really want to strengthen it,” Khan said.

“Now, what we want to do is not become part of any bloc. We want to have trading relations with all countries,” the Pakistani leader said.

Khan went on to says he hopes the Ukraine crisis is resolved peacefully.

“I do not believe that military conflicts solve problems. … The countries that rely on a military conflict have not studied history properly,” Khan argued. “The developing world really wishes that there is not another Cold War.”

The Pakistani leader said international oil prices already have risen sharply because of the prospect of a Russia-Ukraine conflict and that it would have “huge repercussions” on the developing world. Khan also noted that both Ukraine and Russia are among major suppliers of wheat to the world.

Meanwhile, Russian tanks rolled into eastern Ukraine early Tuesday, ostensibly on what the Kremlin calls a “peacekeeping mission” to protect the two breakaway republics that Moscow fashioned eight years ago and now is formally recognizing as independent states.

Pakistan and Russia were once bitter adversaries, as Islamabad closely aligned itself with the United States during the Cold War.

The Pakistani intelligence agency worked closely with the American CIA in arming and training Afghan fighters to successfully end a decade-long Russian occupation of neighboring Afghanistan in 1989.

Islamabad and Moscow, however, have restored ties in recent years, with both routinely holding joint military exercises and attempting to develop energy cooperation to help Pakistan overcome shortages.

Meanwhile, Pakistan’s ties with Washington have deteriorated over allegations the South Asian major Non-NATO ally covertly helped the Islamist Taliban in waging a deadly insurgency against U.S.-led international forces in Afghanistan. The Taliban regained power last August.

Islamabad denies the accusations and blames what it says was a flawed U.S. military policy in dealing with the Afghan conflict that ultimately led to a chaotic withdrawal of international troops from the neighboring country in August after 20 years.

Russian and Pakistani officials acknowledge their efforts to deepen bilateral economic cooperation face multiple challenges. Several major Russian companies are under U.S. sanctions and unable to invest in Pakistan.

Critics say a meaningful bilateral defense cooperation also faces roadblocks, such as Russia’s longstanding ties with Pakistan’s bitter rival India, a major importer of Russian military hardware. They say Moscow does not want to upset New Delhi by offering any major defense-related, or for that matter, economic deals to Islamabad.

Combating regional terrorism and the flow of narcotics from Afghanistan seems to be what is primarily driving Russia’s diplomatic engagement with Pakistan, according to analysts.

Pakistan also has developed close economic and military ties with Ukraine in recent years and is a major importer of Ukrainian wheat.

Emine Dzheppar, the first deputy foreign minister of Ukraine, tweeted on Monday after meeting the Pakistani ambassador to Kyiv and said the two sides discussed ways to enhance bilateral and multilateral cooperation.

“Grateful to Pakistan for supporting Ukraine’s sovereignty and territorial integrity,” Dzheppar wrote.

Source: Voice of America