The World Bank on Wednesday approved $500 million in loans to Bangladesh for expanding, modernizing, and sustainably transforming the country's electricity distribution system

Sri Lanka has signed a tea for oil deal with Iran, allowing the former to settle its huge pending oil imports dues worth over $250 million, by exporting tea to Tehran over the next several months

The Maldives is all set to achieve its tourist footfall target of 1.3 million in the year 2021 as it witnessed remarkable growth in recent months

Cash-strapped Pakistan, staring at a major economic crisis with mounting inflation and yawning fiscal deficit, will soon receive $250 million in loans from the Islamic Development Bank (IDB) which has cleared two proposals for loans to be used for dam construction in Pakistan and vaccine procurements

In what seems a troubling sign for the already struggling economy, Pakistan in November recorded a whopping $1.9 billion deficit in its current account—the highest in the last 40 months—as the authority struggled to contain ballooning import bills, which outpaced growth in exports and inward remittance flow

Fitch Ratings has downgraded Sri Lanka’s sovereign rating to ‘CC’ from ‘CCC’ and warned there is an increased probability of Colombo defaulting on its external debt obligations unless it receives additional external financing

Pakistani and Chinese enterprises have expressed their intention to cooperate in the deep processing of potato starch at an online business-matching meeting jointly held by the Ruzhou International Trade Enterprise Association and the trade mission of the Embassy of Pakistan, Beijing

To increase trade with its neighbouring countries at a sub-regional level, Bangladesh will upgrade three land ports--Akhaura, Sonamasjid and Tamabil-- to international standards, according to a plan made by Bangladesh Land Port Authority

The US Department of Labor has been asked to investigate claims that HCL America, a subsidiary of India’s third-largest IT outsourcing firm generating 63% of its $11 billion in revenue in the United States, systematically violated the law by paying its H-1B workers much less than its US employees with similar skills and doing the same work

Bhutan and the World Bank have signed a USD 3.51 million grant financing agreement to improve risk-informed decision making and development planning in targeted sectors, leading to better public service delivery

Bhutan, which currently exports all of its farm produce to India and neighboring countries, has been making efforts to expand export markets for its agricultural produce

India’s Adani Group, owned by Ahmedabad-based business tycoon Gautam Adani, is to develop a 1,000 MW wind power project in Mannar in Sri Lanka, valued at over $ 1 billion

The State Bank of Pakistan has received a much-awaited $3 billion deposit from the Saudi Fund for Development

The Maldives has sought a long-term loan from Bangladesh, as the two South Asian countries try to enhance bilateral ties, with a flurry of high-level visits taking place in the last few weeks, ahead of the upcoming visit by Bangladesh Prime Minister Sheikh Hasina later this month

The value of Afghanistan's Gross Domestic Product (GDP) is forecast to likely contract further by several billions, as per a UN body report