State enterprise mafia has destroyed Pakistan Railways, Minister for Railways Azam Khan Swati said, as he pushes for the commercialization of stations as part of his bigger reforms to overhaul the sector

In what comes as a significant relief to the embattled Sri Lankan economy, Bangladesh Bank (BB) has extended the validity of the $200 million credit facility it had extended to Sri Lanka by three months

Sri Lanka will temporarily close down three of its missions in Nigeria, Germany and Cyprus in what seems a desperate bid by the government to save its fast-declining foreign currency reserves amid a severe economic crisis

Weeks after Nepal’s central bank introduced measures to cut imports, traders and importers have hiked the prices of goods, fueling an artificial shortage in the coming days

Food insecurity has risen by around 22 percent in rural Bangladesh in comparison to the pre-pandemic period, finds a survey, indicating people are unable to eat enough and healthy nutritious food

A joint delegation of Turkish and Qatari officials is in Kabul as both countries try to explore the possibility of jointly running five airports in Afghanistan with the ruling Taliban

Once a lifeline for the people of the subcontinent, the part of railways that went to Pakistan now stares at a bleak future

The World Bank on Wednesday approved $500 million in loans to Bangladesh for expanding, modernizing, and sustainably transforming the country's electricity distribution system

Sri Lanka has signed a tea for oil deal with Iran, allowing the former to settle its huge pending oil imports dues worth over $250 million, by exporting tea to Tehran over the next several months

The Maldives is all set to achieve its tourist footfall target of 1.3 million in the year 2021 as it witnessed remarkable growth in recent months

Cash-strapped Pakistan, staring at a major economic crisis with mounting inflation and yawning fiscal deficit, will soon receive $250 million in loans from the Islamic Development Bank (IDB) which has cleared two proposals for loans to be used for dam construction in Pakistan and vaccine procurements

In what seems a troubling sign for the already struggling economy, Pakistan in November recorded a whopping $1.9 billion deficit in its current account—the highest in the last 40 months—as the authority struggled to contain ballooning import bills, which outpaced growth in exports and inward remittance flow

Fitch Ratings has downgraded Sri Lanka’s sovereign rating to ‘CC’ from ‘CCC’ and warned there is an increased probability of Colombo defaulting on its external debt obligations unless it receives additional external financing

Pakistani and Chinese enterprises have expressed their intention to cooperate in the deep processing of potato starch at an online business-matching meeting jointly held by the Ruzhou International Trade Enterprise Association and the trade mission of the Embassy of Pakistan, Beijing

To increase trade with its neighbouring countries at a sub-regional level, Bangladesh will upgrade three land ports--Akhaura, Sonamasjid and Tamabil-- to international standards, according to a plan made by Bangladesh Land Port Authority