Pakistan is going to introduce an interest-free banking system. The country has already amended its constitution for this purpose. Through the 26th amendment to the Pakistani constitution, the country will stop the ‘riba’ or interest-based banking system and introduce interest-free banking from the beginning of 2028. This information came to light in a report by […]
Read MoreThe People’s Bank of China is expected to cut its loan prime rates on Monday, Beijing’s latest move in a series of monetary, fiscal and liquidity support measures to shore up the imploding property sector, revive growth and fight off deflation. The trading week in Asia opens against an increasingly bullish global backdrop fueled by […]
Read MoreThe Japanese central bank is widely expected to keep rates steady at the October meeting, as Governor Kazuo Ueda has stressed the need to spend time scrutinising risks such as uncertainty over the US economy and the fallout from volatile markets. The Bank of Japan holds a two-day policy meeting concluding on Oct. 31, days […]
Read MoreIndian airlines have been hit by a series of bomb threats. The BBC reported on Monday that the country has received about 90 bomb threats to domestic and international flights since last week. India’s aviation sector has been hit hard by the series of bomb threats. According to a report published by NDTV, 11 flights […]
Read MoreParent HDFC Bank, which holds a 94.6% stake in HDB Financial, will sell shares worth 100 billion rupees, the lender said, adding that the price and other details of the proposed IPO will be determined in due course. India’s top private lender HDFC Bank said on Saturday its HDB Financial Services unit will raise up […]
Read MoreBangladesh’s foreign exchange reserves are gradually increasing and stabilizing, said Bangladesh Bank Governor Dr. Ahsan H. Mansur. In an interview with UNB on Sunday, Governor Ahsan H. Mansur said that during the previous government’s tenure, the reserves were decreasing by $1.3 billion (1.3 billion) per month, but now it is returning to a positive trend. […]
Read MoreSri Lanka is set to be removed from the International Monetary Fund’s (IMF) surcharge list of countries, once the multilateral lender’s latest lending reforms come into effect from November 1 of this year. The IMF membership recently reached a consensus on a comprehensive package that substantially reduces the cost of borrowing, while safeguarding the IMF’s […]
Read MoreParliament, on Monday, has approved MVR 114.4 million as next year’s budget for the Auditor General’s Office. The budget was passed as decided by the Public Accounts Committee without any further changes. The Auditor General’s Office’s budget for the coming year needs to be passed ahead of the state budget for that year. At Monday’s […]
Read MoreMongolia conducted trade with a total of 154 countries in the first nine months of 2024, with total foreign trade turnover reaching USD 20.4 billion. Specifically: Exports amounted to USD 11.8 billion Imports amounted to USD 8.6 billion Trade turnover increased by USD 2.3 billion compared to the same period in 2023, with exports growing […]
Read MoreRolwaling Valley in Dolakha is experiencing a notable increase in both domestic and foreign visitors. Previously a popular spot for foreign trekkers due to its challenging trails and breathtaking landscapes, the area is now drawing more attention from Nepali tourists, particularly during the current trekking season. Tsho Rolpa Glacial Lake, situated at an altitude of […]
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