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Iran has assured its assistance to help rebuild the Afghan economy, the Taliban’s Foreign Affairs Ministry 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
Nepal, India discuss energy and power trade cooperation
Nepal and India on Thursday discussed enhancing bilateral energy cooperation, development of energy resources, and power trade among other related issues during the meeting of the Joint Steering Committee in Kathmandu
Bill Gates praises Indian vaccine makers for supplying affordable Covid vaccines to the world
Billionaire philanthropist and Microsoft co-founder Bill Gates has praised India for its vaccine-manufacturing prowess and applauded the efforts of the country's manufacturers for supplying affordable vaccines across the world
Maldives welcomes Air India flight with a water cannon salute marking 46 years of air service
Tourism-dependent Maldives welcomed Air India flight AI-267 with a water cannon salute at Male airport on Monday, commemorating 46 years of air service between the two countries
Maldives to get Reliance Jio’s Multi Terabit India-Asia-Xpress undersea cable system; vision to make it South Asia's communications hub
Reliance Jio Infocomm, India's largest mobile operator, will land the multi-terabit India-Asia-Xpress (IAX) undersea cable system in the Maldives’ Hulhumale, a reclaimed island south of North Male, the company confirmed in a statement on Monday
India, US in talks to boost economic ties beyond FTA
India and the US are in dialogue to look at ways beyond a free trade agreement to promote economic ties by providing better market access and enhanced engagement on investments, India's Commerce and Industry Minister Piyush Goyal said on Sunday
No cash, severe fuel shortage inevitable, says Sri Lankan energy minister
Sri Lanka's state-owned petroleum company has run out of cash, the country’s Energy Minister Udaya Gammanpila said, warning a severe fuel shortage is inevitable if tariffs aren’t increased or the government doesn’t provide another bailout
Sri Lanka’s energy crisis threatens revival of its prized tourism industry
What began as a forex crisis, primarily because of the collapse of the tourism industry, blew up into an energy crisis, and now seems to jeopardise the revival of the same tourism industry.
Hit by MCC row, time running out for Nepal’s energy-export ambitions
Despite being a net energy surplus country, Nepal still imports electricity from India to supply to some regions which remain off the national grid
Growing Bangladesh-India trade and economic ties creating new opportunities in both countries
Bangladesh’s holistic development is viewed positively by New Delhi, with new opportunities arising along India’s northeastern region
Maiden voyage of Tata Steel shipment from eastern to northeastern India - via Bangaldesh; logistic chain for feedstock movement also established
In a move to demonstrate the effectiveness of multi-modal cargo movement in eastern South Asia, the maiden voyage of a steel cargo-laden barge from Syama Prasad Mookerjee Port in Bengal's Haldia to Pandu Port in Guwahati was flagged off by India's Ports, Shipping and Waterways Minister Sarbananda Sonowal through what is being called in official jargon the Indo Bangladesh Protocol Route (IBPR)
Bangladesh seeks India’s assistance in developing its railway and power infrastructure
India has agreed to supply locomotives, passenger carriages, and technology for railway signaling systems to Bangladesh as Dhaka sought New Delhi’s assistance in developing and modernizing its railway infrastructure
Sri Lankan Finance Minister Basit Rajapaksa to visit India to sign deal on economic assistance
Sri Lankan Finance Minister Basil Rajapaksa will visit India soon for the signing of important deals on economic assistance to the crisis-hit country, Foreign Minister G L Peiris confirmed
Sri Lanka to tap destination wedding segment to revive its tourism sector
Sri Lankan authorities are planning to promote the picturesque Indian Ocean island country as an option for global couples looking for a destination wedding on a reasonable budget
Doing business in India: Hyundai, KFC, Pizza Hut learn it doesn't pay to cause offence
Following a social media outcry in India, and calls for a boycott of Hyundai, which has a major presence in India's large consumer market, the South Korean government on Tuesday was forced to firefight and said it "regretted the offence caused to the people of India" after a Pakistan dealer of Seoul-headquartered automobile manufacturer Hyundai posted a social media message - now deleted - indicating support for separatists in Kashmir
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