Pakistan’s central bank cut its key policy rate by 200 basis points to 13% on Monday, it said in a statement, its fifth straight reduction since June as the country keeps up efforts to revive a sluggish economy with inflation easing. Pakistan’s latest move makes this year’s cuts the most aggressive among emerging market central […]
Read MoreDeputy Prime Minister and Minister for Finance, Bishnu Prasad Paudel, has asserted that the country’s economy was improving gradually following the government efforts. Congratulating and extending best wishes to the newly-elected executive committee of Nepalese Association of Financial Journalists (NAFIJ) on Monday, Finance Minister Paudel mentioned that the country’s economic indicators at present are positive. […]
Read MoreThe European Union (EU) in Afghanistan announced that it has allocated €19.8 million to the Aga Khan Foundation and Aga Khan Cultural Services to implement the “Economic Resilience, Women’s Economic Empowerment, and Job Creation in Afghanistan” initiative. According to the EU, this project, with a total value of €22 million, aims to address the immediate […]
Read MoreThe writer of the best-selling book “Capital in the 21st Century” called on India to follow through on a July pledge by finance ministers from the Group of 20 major economies to cooperate on effectively taxing the world’s largest fortunes. India should do more to tax its super-rich given its high levels of inequality, French […]
Read MoreTourism Ministry statistics show that Maldives has recorded 1.9 million tourist arrivals for far this year. This is an increase compared to the previous two years. In this regard, Maldives recorded 1.6 million tourist arrivals in the entirety of 2022 and 1.8 million tourist arrivals in the entirety of 2023. As the tourism peak season […]
Read MoreOn December 5, President Shavkat Mirziyoyev reviewed a presentation outlining key priorities for the automotive industry ahead of 2025. The discussion, which built on instructions given last month, emphasized enhancing production capacity and improving vehicle quality. With over 400,000 vehicles sold annually, the automotive sector is poised for continued growth, driven by increasing consumer incomes. […]
Read MoreTiming couldn’t be better. Rising uranium demand, driven by a nuclear resurgence and geopolitical pressures, strengthens Mongolia’s uranium mining bargaining position. With the nuclear energy law amendments made in November 2024 Mongolia is signalling a sophisticated attempt to unlock its uranium potential while safeguarding national interests. These changes set the stage for a $1.7 billion […]
Read MorePolicymakers have pledged to do more to shore up growth and ease price declines, using some of their most direct language in years, as Beijing braces for a trade war with Donald Trump’s return to the White House. China’s spiral into deflation is proving hard to fix. Prices in the world’s second-biggest economy have fallen […]
Read MoreThe World Bank has canceled a $600 million loan promised to Pakistan for the development sector of the national budget. The world’s largest lending institution also mentioned in a statement that no more budget-related loans will be given to Pakistan in the current fiscal year. The country’s daily newspaper Express Tribune reported this information on […]
Read MoreThe people of Bangladesh earn more on average than the people of India and Pakistan. Bangladesh has been ahead of India and Pakistan for several years. This information was obtained from a report released by the World Bank on Friday. Data analysis shows that Bangladesh has been ahead of India for four consecutive years in […]
Read More
