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Posts tagged as “financial”

Private Afghan University Sells its Library Due to Financial Issues

By Nizamuddin Rezahi IN Khaama Press, March 28, 2023Afghanistan University has announced to sell its library due to financial issues which led to the suspension of the private educational institution in the capital city of Kabul. The library accommodates nearly 3,000 books on different principles including political sciences, international relations, law, religious education, economics, security, and social sciences. The library includes bookshelves, a computer lab, equipped with e-books, and electronic search systems which facilitates issuing…

IMF bailout not a silver bullet for Sri Lanka, says Moody’s Analytics

By Swati Bhat and Uditha Jayasinghe in Reuters, Mar 22, 2023MUMBAI, March 21 (Reuters) – Sri Lanka has a difficult road ahead irrespective of how much funding it receives from multilateral and global financial agencies, a senior economist at Moody’s Analytics told Reuters on Tuesday. Moody’s Analytics is independent of Moody’s Investors Service, the rating agency. The International Monetary Fund (IMF) approved a nearly $3 billion bailout for Sri Lanka on Monday and the country’s…

Trouble with opening LCs due to dollar crisis, Goods of 2 trillion taka imported on credit

report in Asian Age, Dhaka, Mar 19,2023Importers are not being able to open letters of credit (LCs) in Bangladesh due to dollar crisis. As a result businessmen are not being able to import necessary commodities from abroad. Under these circumstances goods of 2 trillion taka have been imported from overseas on credit. “Please give us dollars. We cannot open Letters of Credit to import raw materials.” The statement was made by a top businessman who…

Local council polls delay leaves more than 3,000 public servants jobless

report in The Sunday Times, Mar 5, 2023The Election Commission (EC) is unable to offer relief to more than 3000 public servants contesting the local council elections and who are now in severe financial distress owing to uncertainty over the polls date. In line with the election law, the employees have taken no-pay leave from their workplaces to contest the upcoming election as candidates. With the EC no longer able to hold the election as…

Pakistan for staying engaged with Taliban

report in Daily Times, Feb 3, 2023Pakistan has called for continued “engagement” with the Taliban government in a bid to develop guidelines on human rights, especially women’s rights, in Afghanistan that will conform more closely to the international community’s wishes, saying the old approach of using financial pressure to achieve the objective is not working. “Pakistan and the Islamic countries in the region are working towards that objective of promoting women’s rights,” Ambassador Munir Akram…

‘How social media is changing Pakistan’s society’

Unsigned Post on The Nation blogs, Jan 20, 20232023 serves as a year of resilience, financial growth, and prospects of making passive income come in handy with the use of social media platforms. People, in general, love the idea of it because of two reasons. First, it is one of the best ways to make money online. Secondly, social media puts apples and strawberries in the tree. It means the kind of work we do…