Finance Minister Muhammad Aurangzeb said on Thursday that Pakistan had lost its credibility as the country struggled to achieve economic stability. He was speaking at a Senate climate change committee meeting, where he discussed the country’s climate financing challenges and its negotiations with international lenders, The Express Tribune newspaper reported. We have lost our credibility […]
Read MoreThe Ministry of Energy and Water has launched two major electricity projects worth over $25 million, aimed at reducing power shortages in Kabul and industrial parks. At the inauguration ceremony, acting Minister Abdul Latif Mansoor emphasized that these projects will significantly improve electricity supply for residents and businesses. The projects include: • A new 189-megavolt […]
Read MoreBritish International Investment (BII), the UK’s development finance institution, has signed a $15 million trade loan agreement with Sanima Bank of Nepal. The credit facility will support Sanima Bank’s trade finance activities, funding the import of capital goods for renewable energy projects, particularly in hydropower, as well as manufacturing, food, and agriculture. Hydropower accounts for […]
Read MorePresident Tayyip Erdogan has escalated Turkey’s battle with its top business group, expanding a broad political crackdown on dissent and raising the stakes for his government’s economic turnaround programme, analysts say. On Thursday, an Istanbul court banned international travel by two executives of the association TUSIAD in an investigation of their remarks on democracy that […]
Read MoreJapan’s Fuji Soft (9749.T), opens new tab said on Thursday that KKR (KKR.N), opens new tab now owns nearly 58% of the company after the second stage of a tender offer, ending a fierce battle with rival Bain Capital to take the software developer private. The two private equity powerhouses had engaged in a protracted […]
Read MoreArcelorMittal Nippon Steel India is seeking deliveries of liquefied natural gas (LNG) cargoes over a five-year period beginning 2026, two industry sources said on Thursday. The joint venture between ArcelorMittal (MT.LU), opens new tab and Nippon Steel (5401.T), opens new tab is seeking six cargoes for delivery each year to either the Dahej or Hazira […]
Read MoreThousands of students staged ‘Dark Indonesia’ protests in cities across the country on Thursday against budget cuts and other policies of President Prabowo Subianto, fearing they will undermine social support systems and their futures. Clad in black, about a thousand placard-carrying students in the major city of Yogyakarta marched through a busy thoroughfare yelling out […]
Read MoreA World Bank report published in October 2024, titled Bangladesh Development Update, revealed a sharp rise in joblessness among tertiary-educated youth — 27.8% of the unemployed in 2022, up from just 9.7% in 2013. Bangladesh’s private sector, which employs 95% of the workforce compared to the government’s 5%, faces a deepening crisis as credit growth […]
Read MoreThe Sri Lankan government has set aside US $10 million (3 billion Sri Lankan rupees) for digital transformation strategies this year, aspiring to generate US $15 billion in revenue through the digital economy in five years with a unique digital ID and new legislation for digital services after the launch of a governing digital body. […]
Read MoreStarlink’s recent entry into the country promises high-speed connectivity, potentially disrupting the market long dominated by Bhutan Telecom and TashiCell—the two major telecom companies and internet service providers in Bhutan. Starlink Services Private Limited announced its launch in Bhutan on February 11 via X, formerly Twitter, nearly seven months after the government initiated talks to […]
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