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.
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”
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.
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.
India has achieved a new record high, for the first time stockpiling a total of 132 million tonnes of coal - enough to run India’s power plants for two months - greatly exceeding the average of the previous five years, finds a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA)
Strategic partnerships between the UAE, India and Israel have the potential to touch $110 billion by 2030, top diplomats and business leaders feel
An Indian organic food brand is trying to inspire people and change the lives of hundreds of farmers by working with 45,000 of them and even serving customers across 50 countries
Pakistan industrialists have opposed the anticipated increase of Rs 5.36 per unit in base electricity tariff citing that it would strike a blow to the industry, media reports said
Sri Lanka has banned the import of palm oil with immediate effect, and also asked the producers in Sri Lanka to uproot palm oil plantations in a phased manner, reported Daily Times
It has been over a year now since the pandemic devastated the hospitality industry last year. Some hotels in Nepal have seized operating, and others resumed partially
The hopes of revival of Pakistan’s ailing textile sector was short-lived when the Pakistan cabinet on Thursday reversed a decision allowing the import of cotton and cotton yarn from India, leaving the industry players in the lurch
A one-million barrel cargo of Guyana’s Liza light crude is currently on its way to India, according to Stabroek News
Brazil's health regulator has denied permission to import Covaxin, the coronavirus vaccine developed indigenously by Indian pharma firm Bharat Biotech
The importance of plants in our lives cannot be overemphasized but with limited space, can we grow plants or build a small garden at home?
Launching one’s own beauty products have become the latest trend for Pakistani celebrities
India is believed to have challenged the decision of a three-member tribunal at the Permanent Court of Arbitration at The Hague dismissing its Rs 10, 247 crore tax claim on Cairn Energy Plc, said media reports
The total number of start-ups in India recognised by the commerce and industry ministry under its flagship initiative for fostering entrepreneurship and promoting innovation has gone up to an impressive 44,766 as of March 14 this year, according to official figures tabled in Parliament on Friday
India may buy natural gas from Guyana, if it produces it in excess, said Indian High Commissioner to Guyana K J Srinivasa
The Lulu Group International, owned by multi-billionaire Keralite businessman M.A. Yusuf Ali has, heeding the call of Prime Minister Narendra Modi to support the Kashmiri apple farmers, imported around 400 tons of Kashmiri apples to the Middle East
