Pakistan to cut resource allocation distortion for stronger economic growth: World Bank
World Bank Reports Pakistan to introduce economic reforms to enhance productivity for sustainable economic growth.
Iran boosts defense spending with increased allocation in new budget bill
Iran boosts defense spending amid the economic crisis, legislators meet in Tehran to discuss a new budget bill…
Foreign Policy 2. 0 and Afghan Taliban
In contrast to its hawkish foreign policy in the 1990s which earned the Taliban the ire of the International community, this time, they sound more dovish in their foreign policy approach which is well illustrated in the organization’s dealing with major powers and with those neighboring countries with whom the Taliban were at odds in the 1990s.
India Extends $ 400 million to Sri Lanka in a Currency Swap
The central bank of Sri Lanka has lent $400 million in a currency swap. The reserve bank of India concluded the deal by signing all relevant documents. The arrangement, intended to take the country out of the crisis, will mature till November 2022. Indian High Commission In Colombo Earlier, the Indian High Commission in Colombo […]
Nepal’s Economic Diplomacy Budget Runs ‘Low’ – Foreign Currency Earning Sector on a Decline
The government of Nepal has allocated Rs 140 million for economic diplomacy. The foreign ministry has confirmed that the aforementioned sum would go into organizing events regarding National day. Moreover, since the world is battling with the pandemic, the government has not assigned sufficient resources against economic slowdown. Government officials seem to voice concern over […]
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 […]