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Posts tagged as “economic”

BNP fears severe economic crisis soon due to dollar crunch

report in The Daily Star, May 16, 2023BNP Secretary General Mirza Fakhrul Islam Alamgir yesterday feared that the country will face a severe economic crisis in the days to come due to the dollar crisis. “This is the reality that coal can’t be imported due to the dollar crunch. Not only this, but the traders are also unable to import the necessary goods due to the lack of dollars. The amount of reserves has decreased…

Nepal plunges into its first recession in six decades:

By Sangam Prasain in The Kathmandu Post, May 01, 2023Nepal plunged into its first recession in six decades as economic output continued to be weighed down by inflation and political instability. Economists warn that the country, which is aiming for middle-income status in the next three years, will have a hard time getting out of the slump as political uncertainty, corruption and market and climate vulnerability go deep. As per the National Statistics Office, the…

On Eid, Afghans Welcome Security but Face Economic Hardship:

Report in TOLOnews, April 21, 2023 at 9:57 PMThe Office of the PM’s Chief of Staff said Eid prayers were held among senior members of the Islamic Emirate. According to the office, the words of PM Mullah Mohammad Hassan Akhund were read aloud, saying security is ensured across the country and “enemy” plots have been thwarted. “I hope God will help us all, especially the officials of the government, to perform their responsibility in the…

Improved Economic Ties Focus of Kazakh Officials Meetings in Kabul

report in ToloNews, Apr 15, 2023 at 8:29 PMKazakhstan’s Deputy Prime Minister and Minister of Trade and Integration, Serik Zhumangarin, who leads a delegation, held meetings with officials in Kabul on Saturday with the aim of improving economic ties with Afghanistan. Acting Minister of Industry and Commerce Nooruddin Azizi in a meeting with the delegation discussed investment, strengthening of transportation infrastructure and expanding trade volume between the two countries to $3 billion, the Ministry of…

Poverty drops but inequality higher than ever

by Rejaul Karim Byron , Mohiuddin Alamgir in The Daily Star, Apr 13, 2023The poverty rate in Bangladesh has dropped significantly but income inequality is at an all-time high, according to the latest version of the Household Income and Expenditure survey — in a puzzling development that raises questions about the nature of economic growth seen in recent times. “If we take the HIES 2022 data highlights at their face value, there is both good…

China plans setting up radar base in Sri Lanka, to track India’s naval assets, US military movement

By Mukul Sharma in Wion, Apr 07, 2023 at 09:47 PMChina has proposed setting up of a radar base in Sri Lanka, aiming to counter India’s naval presence and strategic oversight in the Indian Ocean region, a report has claimed. The proposed radar base will focus on monitoring the activities of the Indian Navy while also evaluating New Delhi’s strategic assets in the region, Economic Times reported. The paper reported that Aerospace Information Research of…

Restoring business confidence would be tough task for Finance Minister Prakash Sharan Mahat:

By Prithvi Man Shrestha in The Kathmandu Post, April 01, 2023As the country’s economy faces multiple challenges including low growth, slump in market demand, high inflation and troubled government finance, Nepal appointed an economic expert as finance minister on Friday. Nepali Congress spokesperson Prakash Sharan Mahat, who holds a PhD in Economics from the US-based Southern Illinois University, was given the role in the latest Cabinet expansion. He has the responsibility to fix the broken…

FM Muttaqi, Iranian Ambassador Discuss Afghanistan’s Economic and Political Situation:

By Nizamuddin Rezahi in The Khaama Press online, March 19,2023Afghanistan’s Acting Foreign Minister Amir Khan Muttaqi met with Iran’s Ambassador to Kabul Hassan Kazemi Qomi and discussed the country’s economic and political situation. The foreign ministry in a statement said the two sides emphasized boosting economic relations and mutual relations between the two countries. Minister Muttaqi thanked Iran for returning the Afghan prisoners, the statement said. It is believed that the remaining Afghan detainees in…

Extreme Poverty Forces Children to Quit School, Start Work: Afghanistan

By Nizamuddin Rezahi in Khaama Press, Mar 14, 2023The dire economic situation in Afghanistan has forced children as young as ten years old to go out for work instead of attending classes, who earn just over $1 for a full workday. Poverty has been a major problem that has forced children throughout Afghanistan to work in order to survive. These children do a variety of hard work from selling plastic bags on the streets, to…

Domestic violence termed ‘endemic’ in Pakistan

By Myra Imran in The News, Feb 27, 2023Islamabad: Domestic violence is a reality of every society and is directly linked to the societal power structure, economic situation and social mindset of a country. A patriarchal mindset, depleting economic situation, religious extremism, increasing population, discriminatory traditions and the impact of the climate crisis – all provide a perfect environment for domestic violence in Pakistani society. Domestic violence is defined as any act committed within the…

Under strain, govt may go for inclusive polls

by Partha Pratim Bhattacharjee & Porimol Palma in Daily Star, Feb 23, 2023Feeling the pressure from the West for fair and participatory polls and the economic stress at home, the government may go all out to get the BNP and like-minded parties to participate in the next national election. Even though the Awami League decided to dominate the streets and have counter programmes for the BNP’s agitations, it is considering behind-the-scene talks with the opposition…