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Pakistan has outperformed India in apparel exports to the United States in February, media reports 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
Pakistan shares debt management plan with World Bank
Pakistan has shared with the World Bank a revised outline of the Circular Debt Management Plan that seeks rationalization of taxes, negotiated takeover of old independent power plants (IPPs) and closure of all old public sector plants to increase electricity tariffs, Dawn reported
Serum Institute of India thanks PM Modi for financial support to vaccine makers
Serum Institute of India (SII) CEO Adar Poonawalla has lauded the Modi government's policy change in vaccination, bringing all above 18 under the mass drive and extending financial support to the vaccine manufacturers
Sri Lanka to invite investment from India for Colombo Port City
The Sri Lankan government would explore the possibility of attracting investments to the Colombo Port City Economic Zone from India in the near future, a minister said on Tuesday
US mum on lifting ban on vaccine raw-material exports, India concerned
President Joe Biden's spokesperson Jen Psaki has refused to say if the US will allow the export of COVID-19 vaccine raw materials to India, a shortage that could impact global supply, or set a timeline for dealing with the requests for relaxing the vaccine patent rights
GM India lays off all 1419 workmen at Maharashtra plant
General Motors India has laid off all workers--1,419 of them--at its Talegaon plant, located in the outskirts of Pune by invoking Section 25 of the Industrial Dispute Act
Bharat Biotech's Covaxin production to be ramped up to 100 million per month by September
Amid the steep rise in Covid-19 cases, the Indian government on Friday said it is taking steps to increase and accelerate the production of indigenous vaccines
Mukesh Ambani supplies oxygen from his refineries to help in Covid fight
Reliance Industries chief Mukesh Ambani, the country's richest man, will supply oxygen from his refineries to aid the tough battle against Covid-19, which currently has India under its grip
Air India sale to be concluded by September
The sale of national carrier Air India has reached the financial bidding stage and the transaction is likely to be concluded by September this year, said media reports
Larsen & Toubro begins constructing the 300MW Solar Plant in Saudi Arabia
The Renewables arm of Larsen & Toubro’s Power Transmission & Distribution Business has secured the go-ahed to begin constructing the 300MW Jeddah Solar PV Power Plant
COVID-19: Anthony Blinken slams China over lack of 'transparency'
A top US leader once again slammed China for showing lack of transparency in sharing information during the earlier stages of the COVID-19 pandemic
Tech War: US intensifies pressure on China with proposed new policy
The US Senate’s new legislation, the Strategic Competition Act of 2021, lays out a wide-ranging strategy for the first time to contain China's attempt to expand globally, media reports said
US climate envoy John Kerry to visit China soon
Special U.S. envoy on climate John F. Kerry might travel to China next week amid rising tension between the two nations, media reports said
Pandemic boosts a digital India; e-commerce sustains small businesses
According to a recent study, digital payment transactions in India have gone up by 76 per cent in the January-March period this year compared to what it was in the same period last year
Over 60,000 in Bangladesh earned digital skills through Microsoft initiatives
Over 60,000 people in Bangladesh acquired digital skills during the Covid pandemic through the initiatives of Microsoft, the multinational company has announced, The Daily Star reported
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