Pakistan and Qatar have signed a long-term Liquefied Natural Gas (LNG) supply deal for additional 200 million cubic feet a day (MMCFD), reported Dawn
Political stability must for economic recovery, says Pakistan PM; calls for ‘Charter of Economy’
The IMF’s refusal to revive the $6 billion bailout package over the government’s initial refusal to implement austerity measures made things worse for the government. In recent weeks, the Sharif government has reduced fuel subsidies drastically and increased electricity tariffs.
World Bank cuts India’s 2022-23 growth to 7.5%, but will keep top spot; South Asia growth to get affected
In South Asia as a whole, the report said, “The Russian Federation’s invasion of Ukraine has weighed on growth in the South Asia region (SAR) after a solid recovery in the second half of last year and amplified pre-existing vulnerabilities”
Pakistan plans IT park in Karachi to boost exports and create jobs
Significantly, the country’s IT exports are rising and has already crossed over $2 billion in the first eight months of the current financial year. In 2021, the Overseas Investor Chamber of Commerce and Industry (OICCI) said in its report that the country had the potential of $10 billion in annual IT exports.
Power-surplus Nepal hopes to earn $100 million from electricity exports to India
From Thursday this week, Nepal started selling electricity, around 37 MW to Indian buyers, Nepal Electricity Corporation spokesperson Suresh Bhattarai confirmed to The Kathmandu Post. More bids are invited to sell 200 MW in India’s power exchange market on a long-term basis.
More on Economy-Business
Chinese Railway says pending payments an impediment to completing Bangladesh project
China Railway Group Ltd (CREC) - the Chinese construction company in charge of the Padma Bridge Rail Link Project in Bangladesh - has alleged mismanagement and said that pending payments is slowing the project, a press release by Forethought PR Limited, the CREC's communication agent in Bangladesh, said
Modi's self-reliance doctrine energises dying small-scale industries
Several dying small-scale industries in India are looking at a comeback with Indian Prime Minister Narendra Modi's thrust on Aatmanirbhar Bharat that also focuses on self reliance and import reduction
Envoy seeks more Indian investment in Bangladesh
Indian High Commissioner to Bangladesh, Vikram Doraiswami, said on Tuesday that Bangladesh can export edible oil to India at 20 per cent value addition to the product, as he urged the business communities of both countries to convince the governments to upgrade goods transportation facilities
US to continue oil, gas exports to India despite climate-change prioritization
US to continue oil, gas exports to India despite climate-change prioritization
Modi invites India's private sector into defence manufacturing
In his fresh call to make India 'Aatmanirbhar' (self-reliant) in the defence sector, Prime Minister Narendra Modi on Monday invited the private sector to come forward in manufacturing as well as in the design and development of defence items to spread the country's glory worldwide
PayPro, Pakistan's digital payment platform, gets $46K funding from USAID
PayPro, a fintech digital payment platform in Pakistan, said that it had received grant assistance of $46,643 from USAID
Bangladesh auto sector to surpass Pakistan
Bangladesh is set to announce its maiden automotive policy draft for vehicle assembly and auto parts manufacturing to achieve 10 percent of GDP ($30 billion) by the year 2030. Experts say the country’s auto sector may soon surpass Pakistan in volume
Ambani and Adani: Easy prey for motivated critics in India
The names Mukesh Ambani and Gautam Adani is frequently mentioned by motivated critics and activists in India in an attempt to paint these two industrialists as exploiters or even as anti-nationals
Cancer drugmaker in India hit with $50M fine, forfeiture in US for irregularities
A cancer drugmaker in India has admitted to destroying and concealing records before an inspection of its plant in West Bengal by US authorities and agreed to pay $50 million in fines and forfeitures, according to the Justice Department
The OTT war in India has become intense in 2021
Netflix, Amazon Prime Video and Disney+ have competition
Sri Lanka backtracks on Colombo Port agreement?
In what could become an issue between India and Sri Lanka, Sri Lankan Prime Minister Mahindra Rajapakshe on Monday said the East Container Terminal (ECT) of Colombo Port will be 100 percent operated by Sri Lankan Ports Authority (SLPA)
Apple bullish on India growth, retail stores soon
Bullish on India, Apple CEO Tim Cook has said with the online store receiving tremendous response in the country, Apple has doubled its India smartphone share to 4 per cent in the December quarter and the company is ready to launch retail stores in the country in the future
IFIICC eyes strengthening business ties with India, UAE, Israel
The International Federation of the Indo-Israel Chambers of Commerce (IFIICC) is planning to boost India's strong historical ties with the UAE and Israel as it expects knowledge sharing, strategic partnerships and cultural bonds will help establish business relationships among the three countries
Google commits $150mn for equitable access to Covid vaccines
Alphabet and Google CEO Sundar Pichai on Monday pledged more than $150 million to promote vaccine education and ensure equitable distribution so that everyone can benefit from this triumph of scientific achievement, and quickly
