By Bibi Amina Hakimi in Tolo News, Feb 20, 2023 at 10:11 PMThe CASA 1000 project is reportedly facing a two-year delay due to the withdrawal of the World Bank and the United States Agency for International Development (USAID), Pakistani media reported, citing sources within the country’s economic ministry. According to the Business Recorder, a financial newspaper in Pakistan, the discussion regarding CASA-1000 project was held under the chairmanship of the Secretary of Economic Affairs…
Posts tagged as “economic”
By Stuart Heaver in Aljazeera, 17 Feb 2023Colombo – As far as many residents of Sri Lanka’s capital are concerned, the last thing their island nation needs in the midst of its worst-ever economic crisis is another beach – the island nation’s 1,340km coastline is blessed with some of the most beautiful beaches in the world. Yet, Port City Colombo (PCC), a vast new Chinese-built reclaimed commercial zone in Colombo, recently unveiled an artificial beach…
by Fidel Rahmati in Khaama Press, Jan 31, 2023 .Since August 2021, China has increased its diplomatic relations and economic investments with Afghanistan’s de facto government. In the recent past, Islamic State-Khorasan and other terror outlets in Afghanistan have targeted these significant investments. Sources reported that an attack on Chinese projects is considered a kind of retaliation for the cruel behaviour of the Chinese government against the Uyghur Muslim population in China. Earlier in January,…
Report in Dawn, January 19th, 2023• Blames former army chief for current political, economic instability; claims he’s not in contact with new military leadership• Says govt will be forced to hold polls in AprilKARACHI: Former prime minister Imran Khan once again apportioned blame for the recent resurgence of terrorism in the country on the unwillingness of the current government to abide by the commitments made by the previous regime, saying that despite an agreement among…
by Krishana Prasain in The Kathmandu Post, Dec 14, 2022Foreign direct investment (FDI) commitments to Nepal plunged by more than half in the first four months of the current fiscal year, which officials attributed to a slowdown in the global economy. An economic slump in China is the key reason behind the fall in FDI pledges, insiders said. China’s economy is decelerating after it adopted a zero-Covid strategy. According to the Department of Industry which…
Pakistan is on the precipice of a food crisis as malnourishment runs high, especially in flood-affected areas which have been left severely deprived. Children and women have been severely impacted by the shortage of food, resulting in health problems as well. Flood relief campaigns have made the provision of food the central focus but the simple fact of the matter is that there is little produce circulating the domestic market already since most productive lands…
report in Daily Mirror online, 28 Nov 2022 at 08:25 pmPeople in the North and East tend to leave the country due to the dire economic situation where some have gone to Tamil Nadu, Vietnam and Ukraine in the last six months. He told Parliament that some 302 Tamils have fled to Vietnam and seven to Ukraine. He said 85 of those in Vietnam have agreed to come back and said the Ministry would facilitate…
report in The Express Tribune, Oct 23, 2022ISLAMABAD: Prime Minister Shehbaz Sharif’s expected visit to China next month could create problems for Pakistan on the economic front as the international monetary institutions would closely watch it in view of the world undergoing rapid realignment, political and economic experts discussed on Saturday. The experts, Shahbaz Rana and Kamran Yousaf, who hosts The Express News talk show, The Review, said that the world was witnessing realignment of…