Remittances have become an unusually large source of external finance for South Asia. But a development model in which workers migrate because domestic employment is inadequate, and then send income home to support domestic consumption, cannot indefinitely substitute for creating productive employment at home.
In 2025, Sri Lanka was ranked as the second most expensive housing market in the world based on rentals compared to average income. It is possible that market distortions caused by black economy and corruption have contributed to this.
The larger opportunity before West Bengal is therefore not another round of infrastructure creation in isolation. It is the creation of an ecosystem in which infrastructure, private capital, local enterprise and skilled labour reinforce one another.
Why not begin by reopening serious discussions with Chinese conglomerate BYD about an Indian factory? BYD is now one of the world’s dominant EV manufacturers. Its Indian ambitions were caught in the post-Galwan investment freeze. Invite it back to the table—but on Indian terms
China has sought additional guarantees before sanctioning $6 billion loan for Main Line-1 (ML-1) project due to weakening financial position of Pakistan and also proposed a mix of commercial and concessional loan against Islamabad’s desire to secure the cheapest lending
Chinese Ambassador to Pakistan Nong Rong on Tuesday appreciated the contributions made by Pakistani and Chinese staff working on China-Pakistan Economic Corridor (CPEC) projects
The China-Pakistan Economic Corridor (CPEC) projects have achieved major progress despite grave economic and health challenges posed by the ongoing coronavirus pandemic, CPEC Authority chairman Asim Saleem Bajwa said
China’s Ambassador to Pakistan Nong Rong called on Chief of Army Staff (COAS) General Qamar Javed Bajwa at military’s headquarters in Rawalpindi and discussed matters of mutual interest including CPEC and defence cooperation
More than 51 percent of respondents in rural India perceive the Covid 19 pandemic to be a "conspiracy by China"
The China-Pakistan Economic Corridor (CPEC) is not a threat to British interests, said British High Commissioner to Pakistan Christian Turner. “I am always very clear about CPEC
On Sunday, Hilsa and Lapcha border points in Humla district were opened for a day after 10 months of closure due to the coronavirus pandemic. The borders were closed again on Monday
Chief of Army Staff (COAS) General Qamar Javed Bajwa visited on Friday an operational base of Pakistan Air Force (PAF) to witness Pakistan-China joint air exercise, titled “Shaheen-IX”, according to the military's media wing
The US Congress has expressed concern over China's “aggression” along the Line of Actual Control (LAC) - the de facto border with India - and declared as “baseless” the territorial claims by Beijing in the Himalayas
Chinese Ambassador to Bangladesh Li Jiming today said Bangladesh has become a role model in development under the great leadership of Prime Minister Sheikh Hasina, who like her father has been surprising the world through one after another national achievement
Police and security officials on Tuesday disarmed a bomb planted on the car of a Chinese restaurant owner in Karachi's posh Clifton locality near Bilawal House
'India' figured over 100 times in cryptic codewords in the leaked database of the Chinese Communist Party's (CCP) employees embedded in some of the biggest global companies and government agencies
A study that claimed the Indian subcontinent might be the place where the earliest human-to-human novel coronavirus transmission occurred was withdrawn from the preprint platform of the medical journal The Lancet, Global Times reported recently
China is carrying out joint air force exercises with Pakistan in Sindh in response to what is widely seen as the Indo-Pacific Quad exercises in which the Indian Navy participated recently
China has again bailed out Pakistan as it agrees to immediately provide $1.5 billion financing line to repay the $2 billion Saudi Arabia debt, sources told The Express Tribune
