In the first quarter of the current fiscal year, Nepal supplied electricity worth Rs 12.72 billion to India. According to the Nepal Electricity Authority (NEA), one billion 667 million and 892 thousand units of electricity, the surplus during the rainy season, was exported to India. The export rate per unit was Rs 7.63. The NEA […]
Read MoreIn a landmark collaboration, Tata Power Company Ltd, one of India’s largest integrated power firms, has joined forces with Druk Green Power Corporation (DGPC) to develop at least 5,000 MW of clean energy capacity in Bhutan. This partnership aims to enhance regional energy security while supporting the transition to renewable energy in both Bhutan and […]
Read MoreThe dominance of China-made garments in the international market of apparel industry is decreasing day by day. China’s position in international apparel exports has nearly halved over the past ten years. On the other hand, Bangladesh and Vietnam are ahead in the race to capture the market. Especially these two countries are taking over most […]
Read MoreOn November 14, 2024, Prime Minister of Mongolia Oyun-Erdene Luvsannamsrai reviewed the detailed report on budgetary and tax policies during his visit to the Ministry of Finance of Mongolia and the General Department of Taxation. Minister of Finance of Mongolia Javkhlan Bold presented that in the 16-year period from 2005 to 2021, the budget revenue […]
Read MorePakistan’s top body of clerics has declared the use of virtual private networks, or VPNs, against Islamic laws, officials said Monday, as the Ministry of Interior sought a ban on the service that helps people evade censorship in countries with tight internet controls. Raghib Naeemi, the chairman of the Council of Islamic Ideology, which advises […]
Read MoreThe company confirmed plans for bond fundraising in a regulatory filing on Monday but said the size, interest rate and maturity would be determined as the transaction progressed. China’s biggest e-commerce company Alibaba Group is aiming to raise $5 billion in multi-tranche dollar and offshore Chinese yuan bonds, according to two sources with direct knowledge […]
Read MoreThe talks in Islamabad came within six weeks of the IMF approving the bailout, an unusual move as it is rare for the fund to discuss reforms ahead of a review of the reform plan under the loan programme. Pakistan discussed its $7 billion bailout reform agenda with the International Monetary Fund during an unscheduled […]
Read MoreThe Ministry of Mines and Petroleum reports that since the beginning of 1403 (solar year), 40,000 carats of emeralds worth over $1.8 million have been sold through 12 bidding processes. Hamayoon Afghan, the ministry’s spokesperson, assured the transparency of the bidding process, stating: “Since the start of 1403, 40,000 carats of emeralds, legally extracted, have […]
Read MoreThe Asian Development Bank (ADB) today approved a USD 200 million policy-based loan to further help the Government of Sri Lanka strengthen its financial sector, the Asian Development Bank (ADB)said. This second subprogram of ADB’s Financial Sector Stability and Reforms Program builds on the stabilization and crisis management measures put in place under the first […]
Read MoreCapitalising on the recent Bitcoin (BTC) price surges, Bhutan cashed out 367 BTC worth about USD 33.5 million through major cryptocurrency exchange, Binance, on November 14. Bitcoin price rose to more than USD 90,000 for 1 BTC. As of yesterday, 1 BTC was equivalent to USD 90, 799. This latest sale marks the second significant […]
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