Pakistan’s prime minister on Wednesday welcomed a first-of-its-kind agreement with the World Bank for a plan to focus $20 billion in lending to the cash-strapped nation over the coming decade on development issues like the impact of climate change as well as boosting private-sector growth. Prime Minister Shehbaz Sharif said in a post on social […]
Read MoreBangladesh’s economic growth is set to slow to 4.1% this fiscal year (FY25), the weakest pace since the pandemic, as political turmoil in mid-2024 weighed on activity and deteriorated investor confidence, the World Bank said on Thursday (16 January). In its latest edition of Global Economic Prospects report, the global lender warned amid heightened political […]
Read MoreThe Ministry of Agriculture, Irrigation, and Livestock reports that over one billion dollars have been invested in Afghanistan’s poultry sector by private enterprises. Misbahuddin Mustaeen, the spokesperson for the ministry, stated that currently there are more than 15,000 poultry farms across Afghanistan. “So far, approximately 15,000 poultry farms are operational nationwide, with a combined value […]
Read MoreIsrael’s spending on the war in Gaza for a year and a half has exceeded $67 billion. The Israeli business newspaper Kalkalist has reported this information in a report after examining various statistics until the end of 2024. This was reported by Anadolu Agency on Saturday (January 11). The question has arisen whether Israel has […]
Read MoreSri Lanka’s rubber export earnings rose 7 percent year-on-year (YoY) to US $ 11.67 billion in the 11 months to November 2024, driven by the increased revenues from rubber products, Forbes and Walker Commodity Brokers said in its latest rubber report. While the overall earnings showed growth, November saw a 1.96 percent YoY decline to […]
Read MoreThe United Nations Office for the Coordination of Humanitarian Affairs (UNOCHA) reports that Afghanistan has received approximately $6.7 billion in aid since the Islamic Emirate assumed power in 2021 which has significantly alleviated the country’s humanitarian crisis. In its November 2024 Humanitarian Update, OCHA noted that 29.2 million people required aid in 2023. However, improvements […]
Read MoreIndia’s IndiGo becomes the largest foreign carrier out of Sri Lanka, with it operating 54 weekly flights. The airline operates to two cities in Sri Lanka – Colombo and Jaffna, from four cities in India – Bangalore, Chennai, Hyderabad and Mumbai. These direct flights between India and Sri Lanka are integral to IndiGo’s long-term growth […]
Read MoreThe consumer price inflation has stood at 6.05 percent in mid-December 2024 compared to 4.95 percent a year ago, according to the central bank. Issuing a report on Current Macroeconomic and Financial Situation of Nepal (Based on Five Months Data Ending Mid-December, 2024/25) on Friday, the Nepal Rastra Bank stated that the food and beverage […]
Read MoreSri Lanka’s tea industry is set for a year of modest growth in 2025, despite facing several challenges and uncertainties, an analysis by Forbes and Walker Tea Brokers showed. After a few years of declining production, the country is likely to experience a tight supply of Orthodox Large Leaf teas, following a production shortfall in […]
Read MoreKolkata, India, has become devoid of tourists. The economy of a large part of the city has collapsed. Many are forced to look for new businesses in the face of the closure of businesses dependent on Bangladeshi tourists. Hotels in the New Market area of Kolkata, India, closed at the beginning of the new year. […]
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