On 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 MoreChinese President Xi Jinping reminded of China’s ‘red line’ and policies in a meeting with US President Joe Biden. The two leaders held a bilateral meeting on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in Peru’s capital Lima on Sunday (November 17). According to a statement from the Chinese Foreign Ministry, Xi […]
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 […]
Read MoreThe Ministry of Finance (MoF), representing the Government of Nepal, and the Embassy of the Federal Republic of Germany, on behalf of the Government of Germany, have signed a grant agreement to implement the Power Distribution Strengthening Programme (PoDiSP) in Nepal. Germany has committed €10 million (approximately NPR 1.46 billion) in grant assistance, as announced […]
Read MoreBangladesh gained independence from Pakistan in 1971 through a bloody nine-month long war. New Delhi was next to Dhaka then. Since then India has been termed as ‘Bandhurashtra’ in the last five decades. And the hostility was with Islamabad. However, fifty-three years after independence, the picture has completely changed. India’s antagonism with the current interim […]
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