South Asia

South Asia

Pakistan signs $4.5 billion loans with local banks to ease power sector debt

Pakistan has signed term sheets with 18 commercial banks for a 1.275 trillion Pakistani rupee ($4.50 billion) Islamic finance facility to help pay down mounting debt in its power sector, the power minister said on Friday

1m ago

Pakistani Kashmir closes seminaries fearing Indian military strikes

The government of Pakistan-administered Kashmir has closed all religious seminaries - locally known as madrasas - in the region for 10 days citing fears they would be targeted by Indian strikes following a deadly attack on tourists in Indian Kashmir.

3m ago

UN urges aid to Myanmar quake survivors before monsoons hit, death toll climbs towards 3,000

Myanmar's military ruler Min Aung Hlaing says, among the missing, most are assumed to be dead. There is a narrow chance for them to remain alive

4m ago

Myanmar quake: Hope fades for survivors as toll passes 2,000

Myanmar today declared a week of national mourning for the victims of the country's devastating earthquake

4m ago

Six killed as PTI activists clash with Pak security forces

At least six people, including four paramilitary soldiers, were killed yesterday during clashes near Pakistan’s parliament between security forces and protesters who are demanding the release of former prime minister Imran Khan.

8m ago

Supporters clash with cops at PTI rally as leaders demand Imran’s release

PTI leaders rallied on the outskirts of Islamabad on Sunday, demanding the “immediate release” of their founder, Imran Khan, while criticising the government for marginalising the party as police fired tear gas to disperse the crowd.

11m ago

China’s underwhelming data dampens hope of economic recovery

Chinese industrial production growth slowed in July while unemployment rose, official data showed Thursday, highlighting an uneven recovery in the world’s second-largest economy despite recent government measures to try to stimulate expansion.

11m ago

Japan’s economy rebounds in Q2

Japan’s economy has rebounded, government data showed Thursday, in welcome news for its next prime minister following Fumio Kishida’s decision to quit.

11m ago

No choice but to agree to tough IMF conditions: Pakistan PM

Prime Minister Shehbaz Sharif on Friday said that the International Monetary Fund (IMF) delegation, which is visiting the country for discussions on the ninth review of a $7 billion loan programme, was giving a "very tough time" to Finance Minister Ishaq Dar and his team.

2y ago

Pakistan court grants bail to Imran Khan aide

An aide to former prime minister Imran Khan was granted bail yesterday, a week after being arrested for allegedly harassing election commission officials.

2y ago

Saudi Arabia may lower crude prices for Asia

Saudi Arabia, the world’s largest oil exporter, may trim prices for crude grades sold to Asia for a fourth straight month in March, amid low physical oil premiums, as oversupply worries linger despite expectations of demand recovery in China.

2y ago

Emirates offers free night stay in Dubai

Travellers who purchase an Emirates return ticket in first or business class or stopping over in Dubai will be able to enjoy a complimentary night stay at the Fairmont The Palm hotel, one of the iconic hospitality properties in Dubai. 

2y ago

Job growth in South Asia may halve this year: ILO

The growth of jobs in South Asia is expected to nearly halve to 1.6 per cent in 2023 from 3 per cent a year ago, according to a new International Labour Organization (ILO) report released yesterday. 

2y ago

‘Historical and unexplored ties between Afro-South Asian communities need cultural attention’

Exploring the Afro-South Asia connection and the untold narratives of the Habshi rulers during the Sultanate period in Bengal, globally renowned researcher, archivist, and curator Dr Kenneth X Robbins on Tuesday said that the historic ties between the Afro-South Asian communities need to be closely studied across the globe.

2y ago

Graft charges put Maldives ex-president Yameen in jail

The Maldives criminal court on Sunday sentenced former president Abdulla Yameen to 11 years in prison and fined him $5 million after finding him guilty of corruption and money laundering charges related to receiving kickbacks from a private company.

2y ago

Japan inflation hits 41-year high

Prices in Japan rose at their fastest pace since 1981 in November, data showed Friday, fuelled in part by higher energy costs.

2y ago

China’s economy to see sustained growth next year

China’s economic activity will likely return to a reasonable range next year after staging a V-shaped moderate recovery this year, underpinned by targeted macro policy support and infrastructure spending along with a steady recovery in consumption, economists said.

2y ago

China’s economy struggling to rebound

China’s factory activity eked out growth in September, but a slowdown in services sector growth and a downbeat private manufacturing survey pointed to further cooling as the economy grapples with Covid-19 curbs and softening global demand.

2y ago