by Zia Ur Rehman in Prism, Dawn, Oct 3, 2023The writer is a journalist and researcherTragedy struck at the heart of Balochistan’s Mastung district on September 29 when a suicide bomber targeted a gathering preparing for the 12th Rabiul Awwal procession. The blast echoed through the main market, killing 55 people and leaving over 120 injured. Muhammad Ashgar, a member of the procession’s organising committee, says despite threats from militant groups, conveyed to them by…
Posts tagged as “market”
by Amin Ahmed in Dawn, Sept 15th, 2023ISLAMABAD: The International Labour Organisation (ILO) says Pakistan’s labour market has yet to recover fully from the Covid-19 pandemic and economic crisis, and the number of persons unemployed is projected to reach 5.6 million this year, an increase of 1.5m since 2021. This estimate matches the IMF’s projected unemployment rate of 8.5 per cent in 2023, up from 6.2pc in 2021, the ILO said in its employment outlook…
by Imran Ayub in Dawn, September 4th, 2023• Several key medicines and non-essential drugs are not available at pharmacies as black market flourishes• Govt takes notice of crisis, officials asked to submit report on remedial measures KARACHI: While people are still struggling to pay inflated electricity bills amid skyrocketing inflation, a large number of patients across the province, and those who are on medication, are hit by severe shortage of several essential medicines along with…
By Parbat Portel in The Kathmandu Post, June 07, 2023The writer is the Jhapa correspondent for Kantipur Publications.Demand for Nepali tea is rising in the Indian market as production has slipped across the border. Nepali tea traders say Indian tea estates are going through a lean period as the tea bushes there have reached the end of their life cycles. Most of the plants are 80 years old, and some are more than 100 years…
by Rathindra Kuruwita in The Island, May 23, 2023Sri Lanka yesterday signed a long-term contract with Sinopec Fuel Oil Lanka (Pvt) Ltd., to import, store, distribute, and sell petroleum products, the President’s Media Division (PMD) said. The PMD said the contract was signed at the Presidential Secretariat and that the agreement was reached following the recommendations of a Cabinet-appointed special committee. Sinopec Fuel Oil Lanka is a subsidiary of China Petroleum & Chemical Corporation (Sinopec),…
By Prithvi Man Shrestha in The Kathmandu Post, April 18, 2023Nepali and Indian officials as well as Nepal’s private sector had hailed the Nepal-India Joint Vision Statement on Power Sector Cooperation as a milestone in energy cooperation and in providing international market access to Nepal’s surplus power. The joint vision statement issued in April last year seeks to strengthen mutually beneficial bilateral cooperation in the power sector through joint development of power projects in Nepal.…
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…
By Asiri Fernando in The Sunday Morning, Mar 26, 2023The Government is considering the release of nearly 450 fuel stations held under the Treasury to the three new international players that are to enter the local fuel market once approved by the Cabinet, The Sunday Morning learns. According to a senior official at the Ministry of Power and Energy, the State-owned properties of the 450 fuel stations are expected to be allocated to the three…
report in Prothom Alo, Feb 19, 2023Bangladesh is ready to topple China as the top clothing exporter to the EU amid Beijing’s decreasing share in the ready-made garment (RMG) market, reported Nikkei Asia. Notably, in the wake of the conflict in Ukraine and other global geopolitical tensions, the supply chains are shifting and driving up orders to the densely populated South Asian nation. “A lot of work orders were shifted to Bangladesh from China because…