Asia local Bond Market still prone to financial distress
ASEAN country updates by Alan Greenspan Alan Greenspan, former federal reserve chairman led insights over the gap in capital market development in the region. Adding that the financial outlook of the capital market highlights the need for financial intermediation. As once the banking system collapses there is no proper channel to turn to for support, […]
Diamer – Bhasha Dam From a dream to a reality
Progress made on Diamer-Bhasha Dam On July 16, 2020 PM Imran Khan while addressing the public in Chilas said, construction is underway for the \”biggest dam in Pakistan\’s history\”. After kicking off mega construction work at the Diamer-Bhasha Dam. According to the premier the project will produce environment-friendly inexpensive hydel power in the nation. It […]
Oil and Gas Reserves Uncovered in Kohat, According to MOL Group
MOL announcement In a statement issued on Tuesday, the MOL group announced the discovery of oil and gas reserves in Kohat district of Khyber Pakhtunkhwa. Moreover, this marks the 13th discovery of the MOL group in Pakistan. This has the potential to shift the economy’s external reliance in terms of energy sources. “This discovery has […]
IMF Predicts Growth to Reduce by 4.7% in the Economies of the Middle East and Central Asia
IMF Forecasts for the Middle East & Central Asia IMF recently briefed the world about the economic outlook of the Middle East and Central Asia. The fund has forecasted a reduction of 4.7%. A two percentage further increase in decline than April forecasts. Moreover, the spike in oil market volatility and the pandemic has exposed […]
Iran to Build Chahbahar Railway Project Themselves
Chahbahar project details Iran has decided to build the Chahbahar railway project on its own after delays in funding of the project by India. This 610-kilometer railway line will connect Iran’s Chabahar port to its Iran’s Sistan and Pakistan’s Baluchistan province Zahedan. It will eventually stretch to Zaranj on the Afghan side, enabling hassle-free trade. […]
A series of mysterious fires in Iran
Mysterious fires erupt in Iran Seven ships caught fire when a fire broke out at a shipyard in Iranian port city Bushehr. According to semi-government news agency Tasnim, no casualties were reported. Moreover, the head of crises management organization simply claimed that a fire had broken out at a shipyard. Furthermore, he also responded that […]