Briefs, February 1, 2013
Pakistan has approved a deal transferring from Singapore to China the management of the strategically located deep-sea Gwadar port on the Arabian Sea.
ISLAMABAD - Pakistan has approved a deal transferring from Singapore to China the management of the strategically located deep-sea Gwadar port on the Arabian Sea. China financed more than 80 per cent of the US$248 million cost of developing the port, as part of a plan to open an energy and trade corridor from the Gulf to Pakistan and western China. AFP
SEOUL - The first satellite launched from South Korean soil is working normally, officials said, a day after Seoul achieved its space milestone amid high tensions over arch-rival North Korea's recent threat to test a third nuclear device. Meanwhile South Korean President Lee Myung-Bak held an emergency security meeting yesterday, warning the North of "serious consequences" if it went ahead with an expected nuclear test. AP