Lifting its ban, Russia has allowed the import of rice from four Pakistani enterprises from Friday
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
Uber hiring about 250 Indian engineers in Bengaluru, Hyderabad
Ride-hailing major Uber has announced to hire nearly 250 engineers for its Bengaluru and Hyderabad-based teams, as the company expands operations for its engineering and product work in the country
Samsung unveils latest 'The Frame TV 2021' in India
Samsung has unveiled its much-anticipated "The Frame TV 2021" with stunning and customisable bezel options starting at Rs 61,990 in India
Xiaomi's Mi 11X series registers record Rs 300 crore sales in 45 days in India
Xiaomi India, the Indian subsidiary of the Chinese internet and smartphone major, has announced that its Mi 11X series of devices has witnessed a record sales worth over Rs 300 crore in just 45 days of its launch
Meril’s self-use Covid 19 rapid antigen test gets approval in India
Global medtech company Meril, based in Vapi, Gujarat, on Thursday announced its self-use Rapid Antigen Test for Covid 19, CoviFind, has received approval from the Indian Council of Medical Research (ICMR)
Making 'every effort' to comply: Twitter writes to Indian government on new digital rules
Social media giant Twitter has written to the Indian government that it is making "every effort" to implement the new digital rules and it has appointed Indian officers residing in the country as required and informed that an update on compliance will be provided shortly
Oxfam joins Microsoft to support health services in nine Covid-hit states in India
Oxfam India and Microsoft have joined hands to help strengthen the healthcare ecosystem to address the challenges that have come up with the second wave of the Covid-19 pandemic in India and also to prepare for a possible third wave
India designed and manufactured high-purity oxygen concentrator being supplied to Indian hospitals
An indigenously designed oxygen concentrator, which ensures high-purity oxygen supply, is now out in the market
Mango export boom: 16 varieties exported to Bahrain from West Bengal, Bihar
In a major boost to mango exports from the eastern region, as many as 16 varieties of mangoes - including three GI certified Khirsapati and Lakshmanbhog (West Bengal), Zardalu (Bihar) - are being exported to Bahrain commencing Wednesday
Swedish firms invited to invest in India's defence corridors
Indian Defence Minister Rajnath Singh has invited Swedish firms to invest in defence corridors in Uttar Pradesh and Tamil Nadu, saying that they can benefit from the unique incentives being offered by the state governments and the availability of a highly skilled workforce in India
Nokia, CG Net to provide high-speed broadband in Kathmandu
Nokia has announced that CG NET will deploy its Gigabit Passive Optical Networking (GPON) solution as part of an extensive Fiber-to-the-Home (FTTH) rollout across the Kathmandu Valley
Groundnuts exported to Nepal from West Bengal
Opening a window of possibilities of boosting groundnut exports from India's eastern region, a consignment of 24 metric tonnes (MT) of groundnuts was exported to Nepal from West Bengal state
Hyatt Regency Hotel in Mumbai shuts down due to lack of funds
The Hyatt Regency, one of Mumbai's top 5-star hotels, will shut operations "until further notice" due to constrained finances as the hotel authorities said they have no money to pay salaries
Future of Saudi investment on Pakistani refinery in doubt
The future of Saudi investment in a refinery in Pakistan remains uncertain amid the widening chasm between Riyadh and Islamabad
US threatens tariff war against India in retaliation against digital tax
The US tariff war against India has been reinvigorated by President Joe Biden threatening to increase import duties on a range of imports -- from prawns and Basmati to furniture and jewellery -- in retaliation for New Delhi imposing digital services tax (DS) on tech giants
