Bangladesh's new leaders face tough test while regional powers make bold moves

South Asia sees major shifts as Bangladeshʼs temporary rulers deal with economic slow-down and street protests. Meanwhile Pakistan seeks stronger ties with Saudi-Arabia while Sri Lanka handles new safety risks

October 31 2024 , 02:06 AM  •  1961 views

Bangladesh's new leaders face tough test while regional powers make bold moves

Bangladeshs economy shows worrying signs as recent stats point to a big slow-down: GDP grew just 3.9% in April-June (compared to last years 6.9%). The countrys main sectors — farming industry and services — all took hits‚ while inflation keeps going up

The situation got more complex after Sheikh Hasina stepped down last summer‚ Following student-led protests that turned violent. Now Mohammed Shahabuddin (the ceremonial president) faces calls to quit after his comments about Hasinas resignation letter sparked new street demos. Religious hard-liners are also getting more active; organizing rallies and pushing for islamic rule

The interim government led by Nobel-winner Muhammad Yunus has some good points going for it: public support international backing and skilled advisors But its facing big problems — no clear election timeline weak experience in running things and growing public pressure to show quick results

Pakistani leader Shehbaz Sharif made his third trip to Saudi-Arabia this week (meeting with Crown Prince Mohammed bin Salman) to speed up a $5B investment deal. This partnership grows more important as China shows concerns about attacks on its citizens in Pakistan; their ambassador Jiang Zaidong called the security situation “unacceptable“

US and Israel put out warnings about Sri-Lankas coastal areas last week: telling their people to avoid or leave Arugam Bay due to possible threats. Officials think Iran might be behind these risks targeting Israelis; as payback for middle-east actions. Tourism-dependent Sri Lanka dont want this to hurt its recovering economy

Pakistan wants to join BRICS and asked Russia for support. While its economy isnt as strong as other members President Asif Ali Zardari thinks they have a chance. The group already added four new countries this year showing its open to growth

South Asian cricket fans are excited about the Hong Kong Sixes tournament coming back after 7 years. Teams from the region will compete Nov 1-3‚ with cricket set to become an Olympic sport in LA 2028 — giving these countries new chances for medals