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Etihad Airways has discontinued flights from India to the UAE till further notice, a spokesperson of the airline said
Political stability must for economic recovery, says Pakistan PM; calls for ‘Charter of Economy’
The IMF’s refusal to revive the $6 billion bailout package over the government’s initial refusal to implement austerity measures made things worse for the government. In recent weeks, the Sharif government has reduced fuel subsidies drastically and increased electricity tariffs.
World Bank cuts India’s 2022-23 growth to 7.5%, but will keep top spot; South Asia growth to get affected
In South Asia as a whole, the report said, “The Russian Federation’s invasion of Ukraine has weighed on growth in the South Asia region (SAR) after a solid recovery in the second half of last year and amplified pre-existing vulnerabilities”
Pakistan plans IT park in Karachi to boost exports and create jobs
Significantly, the country’s IT exports are rising and has already crossed over $2 billion in the first eight months of the current financial year. In 2021, the Overseas Investor Chamber of Commerce and Industry (OICCI) said in its report that the country had the potential of $10 billion in annual IT exports.
Power-surplus Nepal hopes to earn $100 million from electricity exports to India
From Thursday this week, Nepal started selling electricity, around 37 MW to Indian buyers, Nepal Electricity Corporation spokesperson Suresh Bhattarai confirmed to The Kathmandu Post. More bids are invited to sell 200 MW in India’s power exchange market on a long-term basis.
More on Economy-Business
Sri Lanka a challenging place to do business: US
In a sharp and somewhat unusual criticism of the investment climate in Sri Lanka, the US said the country was a challenging place to do business, marking public sector corruption and an unpredictable economic policy environment as significant challenges for American firms
India to top Maldives’ tourist arrivals by yearend: Maldivian tourism minister
India is expected to be the Maldives’ top contributor of tourists by the yearend, said Maldives Tourism Minister Abdullah Shahid, despite the recent drastic drop in the number of tourists from India due to the Covid-19 restrictions
Bangladesh business to have better access to UK markets with lower tariffs
To enable businesses in countries like Bangladesh to access the UK market more easily, the United Kingdom government has launched a new scheme that aims to drive trade boosting jobs and growth
Bangladesh mango export trebles in a year, but earning potential till untapped
Bangladesh’s mango export has nearly trebled in volume terms to 791 tons in 2020-21 financial year from 279 tons in the previous fiscal
CII and Techarc to promote tech-driven transformations in Jammu and Kashmir
The Confederation of Indian Industry (CII) J&K Council has announced plans to collaborate with leading technology analytics, consulting and research firm Techarc as a knowledge partner
Young Indians use music, podcasts to cut stress: Spotify survey
Listening to audio -- music and podcasts -- acts as a stress-buster for a majority of Indian millennials (87 per cent) and Generation Z (77 per cent), according to a new report by Swedish music streaming company Spotify
Maldives Police signs agreement with Indian construction firm to develop police infrastructure
Maldives Police Service has signed a $48 million agreement with India’s ABL Indira Projects JV to develop multiple projects related to police infrastructure
River cruises in Kashmir: Trial run of Bus Boat
Jammu and Kashmir's water transport authority has brought the first imported luxury boat for a cruise on the Jhelum river with an aim to reviving water transport in Kashmir
No application received from India's Serum Institute for Covishield authorisation, says EU medicine agency
The European Medicines Agency (EMA) has not received any application from the Serum Institute of India for authorization of Covishield, almost a fortnight after the EU introduced the EU Digital Covid Certificate that makes intra-EU travel possible
Azerbaijan oil company frustrated over Pakistan’s silence on its credit lines offer
Azerbaijan State Oil Company (Socar) has expressed frustration over Pakistan’s Petroleum Division’s prolonged silence over its offer of providing two credit lines of over USD 220 million for oil and gas supplies to Pakistan
Twitter publishes its first transparency report after clashing with Indian government
Social media giant Twitter has finally released its transparency report days after it crossed the deadline to ensure compliance with the new digital rules amid a bitter feud with the Indian government and warning by Delhi High Court that it will have no legal protection if the government acted over non-compliance
Amazon bets big on tier 2 and tier 3 Indian cities
Around 65 per cent of Amazon's orders in India are placed from tier two cities driving the growth of the American e-commerce giant in the South Asian nation, said a top official
WhatsApp tells Delhi court: Won't enforce new policy till data protection bill is passed
Global messaging application WhatsApp on Friday told the Delhi High Court that it won't enforce its new policy until the Personal Data Protection Bill comes into force in India
Twitter told 'law of the land is supreme' by India's new IT minister
India's new IT minister Ashwini Vaishnaw has signalled to Twitter that it must do all it takes to abide by the new IT rules, emphasising that the "law of the land is supreme"
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