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Posts tagged as “economic”

Fuel for tea deal: SL breaks promise to Iran

By Amith Gamage in Ceylon Today, Aug 19, 2023It has been revealed that though Sri Lanka had received fuel from Iran, in exchange for tea, during the early part of last year, to tide over its dollar and economic crisis, thus far the Government has failed to keep up its promise to Tehran. It has come to light that though Sri Lanka had received USD 250 million worth of fuel from Iran, the Government has…

Several MPs to form new group next week

by Yohan Perera in Daily Mirror online, August 17, 2023 at 12:43 pmA group of Samagi Jana Balawegaya (SJB) MPs together with MPs from other parties have initiated new moves to bring Members of Parliament of all parties to form a joint group to ensure economic justice, the Daily Mirror reliably learned. These MPs have decided to call the group the “MPs Guild for Economic Justice”. The SJB MPs who are to form this group…

Acting FM Muttaqi says meeting with US envoys was positive

By Fidel Rahmati in Khaama Press online, Aug 3, 2023Amir Khan Muttaqi, the Taliban’s acting foreign minister, says his talks with the US delegation in Doha, Qatar were highly positive, and both sides agreed on continuing such interactions, including political, economic and security issues. In an interview with Al Jazeera, Muttaqi said that the Islamic Emirate asked the US to respect Afghanistan’s sovereignty, lift sanctions and unfreeze the country’s frozen assets. The Taliban’s foreign minister…

US, Afghan Taliban officials hold rare talks in Doha

by Anwar Iqbal in Dawn, August 1st, 2023WASHINGTON: US officials held their first wide-ranging talks, since the 2021 pullout from Kabul, with representatives of the Afghan Taliban in Doha, Qatar, to discuss economic issues, security, and women’s rights, both sides confirmed on Monday. The talks also focused on returning assets of the Afghan central bank that were frozen in the United States after the Taliban takeover of Kabul in Aug 2021. “On July 30 and…

‘Real’ step in sight to build a bridge after 52 years

by Liakat Ali Badal, in Dhaka Tribune, July 23, 2023Over 150,000 residents of nine char areas under Kaunia Upazila in Rangpur have long been waiting for a concrete bridge on the old Teesta River, which will ease their travel and improve economic conditions significantly. Though neglected for over 52 years since the country’s independence, they now see the light of hope as the authorities have initiated efforts to connect the villages with Haragach Municipality and…

BNP unveils 31 ‘pledges’

report in Prothom Alo, July 14, 2023Opposition Bangladesh Nationalist Party (BNP) has announced a 31-point pledges to reform the constitution, the state machinery, and achieve economic emancipation of the country. Party’s secretary general Mirza Fakhrul Islam Alamgir made the announcement at a press conference in the capital’s Gulshan on Thursday. The de facto opposition party came up with the programmes one day after announcing their one-point demand to oust the ruling Awami League government. The…

Muttaqi Says Economic Crisis in Afghanistan is ‘Propaganda’

By Banafsha Binesh in ToloNews, July 8, 2023 at 8:32 PMAmir Khan Muttaqi, the acting minister of foreign affairs, said that there are many different propaganda efforts in Afghanistan, including propaganda claiming the country’s economy is weaker than before. Speaking at the greeting ceremony for some Islamic Emirate officials who returned on Friday night from completing Hajj, Muttaqi said that while money used to be spent on war supplies and weaponry, it is now used…

i Lanka takes a 5-day holiday to manage economic shocks as domestic-debt restructuring looms

by Dimuthu Attanayake in SCMP, June 27, 2023As cash-strapped Sri Lanka begins its long-awaited domestic-debt restructuring process this week, local experts have voiced optimism that the plan will enhance a reform road map agreed upon with the International Monetary Fund earlier this year. Nandalal Weerasinghe, the country’s central bank chief, announced on Sunday that the process would get under way over the coming five-day bank holiday weekend – extended with a special additional holiday on…

IMF approves Sri Lanka’s $2.9bn bailout

Report in The Guardian, Mar 21, 2023The International Monetary Fund has approved Sri Lanka’s request for a $2.9bn bailout, raising hopes for an easing of its economic crisis. The IMF’s board confirmed it had signed off on the loan, clearing the way for the release of funds and kicking off a four-year programme designed to shore up the economy. The IMF managing director, Kristalina Georgieva, warned that Colombo must continue pursuing tax reform and greater…

Acting Minister of Commerce of Afghanistan Off to Russia:

By Fidel Rahmati in The Khaama Press Online, May 17, 2023Acting Minister of Industry and Commerce, Noorudding Azizi, departed for Russia on Wednesday to participate in an international economic Summit in Kazan, the capital of the Republic of Tatarstan. The 14th International Economic Summit, Russia-Islamic World, will be held on May 18-20, 2023, in Kazan, the capital of the Russian Republic of Tatarstan. Meanwhile, the acting Minister Azizi will attend the 14th International Economic Summit,…

Afghan Delegation to Participate Russia-Islamic World Economic Forum:

By Nizamuddin Rezahi in The Khaama Press Online, May 17, 2023A delegation of the Afghan interim government left Kabul on Wednesday to attend the Russia-Islamic World Economic Forum, which will take place in Kazan, the Russian Republic of Tatarstan. The Russia-Islamic World: Kazan Forum is a platform for economic cooperation between the Russian Federation and members of the Organization of Islamic Cooperation (OIC) – to be held from May 18-19. The Afghan delegation included the…