Afghanistan
UN Official Urges Islamic Emirate to Lift Ban on Female Staff at NGOs: Tolo News
The UN deputy humanitarian coordinator in Afghanistan, Fran Equiza, in a meeting with Acting Minister of Public Health Qalandar Ibad called for "the Taliban ban on women working for NGOs and international NGOs to be lifted in its entirety.” “The ban will impact millions of the most vulnerable Afghans,” the UN official said. Meanwhile, the Foreign Ministers of Saudi Arabia and Pakistan in a phone call reaffirmed the importance of guaranteeing women’s rights and their full and equal participation in all aspects of life, a statement of the Pakistan Foreign Ministry said.
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Pakistan faces disappointment on bilateral deals with the new regime in Afghanistan: The Khaama Press
Recent events on the Afghanistan-Pakistan border make it clear that Pakistan’s decades old Afghanistan policy has failed. On 11 December 2022, Taliban forces in Afghanistan shelled a town just across the border in Pakistan, killing seven Pakistani civilians. Pakistan retaliated, killing one Taliban fighter and injuring ten Afghans. Prime Minister Shehbaz Sharif condemned the “unprovoked shelling” by Afghan forces. On 15 December, the two sides exchanged artillery fire across the border, killing at least one Pakistani civilian and wounding 15 others. Both countries are today on the verge of war! These developments signal a turn in ties between Pakistan and Afghanistan and signals Pakistan’s loss of control over the Afghan Taliban, which is today a government in power. Click here to read...
Bangladesh
PM Hasina: Metro rail a unique milestone for Dhaka - Dhaka Tribune
After completing the giant Padma Bridge and the Bangabandhu tunnel this year, the government will now inaugurate a part of Bangladesh's first-ever elevated metro rail on Wednesday as another feather in its cap. The Awami League has taken detailed preparations to make this historic moment memorable with the presence of a vast crowd along the streets from Diabari to Agargaon.Click here to read...
Minister: Delhi has assured Dhaka of smooth supply of essentials - Dhaka Tribune
Commerce Minister Tipu Munshi on Tuesday said that India has assured Bangladesh of uninterrupted supply of essential goods round the year as New Delhi is setting an annual quota of exports to its immediate neighbor. The quota will be set up after reviewing export data of India's essential commodities to Bangladesh in recent years, he said in a press briefing on his recent India tour at his ministry. He said Bangladesh imports rice, wheat, onion, garlic, ginger, pulse and many other essential items from India. Sometimes India suspends export of those goods, but this time India has assured that the supply will remain uninterrupted, he said. Click here to read...
HCA signed, €609 million in loans approved by France’s AFP for Bangladesh - Dhaka Tribune
In 2022, Agence Française de Développement (AFD) and the Economic Relations Division (ERD) of the government of Bangladesh signed a host country agreement for the establishment of AFD activities in Bangladesh, a successful outcome of years of negotiations between the French and Bangladesh governments. This was a crucial step which came after 10 years of operation and over 20 projects financed in the country, said a media release on Tuesday. Click here to read...
Bhutan
NC elections in early 2023 – Kuensel online
The Election Commission of Bhutan (ECB) has notified that the National Council (NC) elections for the fourth Parliament will be conducted in early 2023. The tenure of the current National Council members end on May 9, next year. The ECB also said that the familiarisation tour of the political parties and candidates would be allowed only until January 31, 2023. All political parties and candidates who are on their familiarisation tour must comply with this announcement. Click here to read...
Credit growth improves by 9.2 percent – Kuensel Online
With the re-opening of the economy, the total credit growth of financial institutions (FIs) saw an increase by 9.2 percent as of September this year from the same month last year, the Royal Monetary Authority figures show. The total loan disbursement from FIs to customers amounted to Nu 191.96 billion (B) as of September this year. It saw an increase of Nu 16.17B from September last year. Click here to read...
Nu 108.7M forgone from duty-free entitlement tax – Kuensel Online
The government last year forswore Nu 108.7M from the taxes from the duty-free entitlement, according to the Ministry of Finance (MoF). From next year, the duty-free quota privilege will be given only to diplomats governed by the international laws, conventions and covenants ratified by the parliament of Bhutan and International employees governed by the Bilateral and multilateral agreement signed by the government of Bhutan. Click here to read...
Maldives
Rail Vikas Nigam shares jump 5% on bagging Rs 1,545 crore contract in Maldives - Business Today
Shares of Rail Vikas Nigam (RVNL) surged 4.96 per cent in Wednesday's trade after receiving an appointment letter as project implementation agency for the UTF Harbor project in Maldives. The order for this strategic project was placed by Ministry of External Affairs (MEA). The project cost stood at Rs 1,544.60 crore and it has to be completed within 24 months. Click here to read...
Team from India studies technical specifications for India-Maldives power transmission grid - Live Mint
The union power ministry on Tuesday said that a technical team from India has visited Maldives to study the technical specifications for interconnection of a power transmission grid between the two countries. Click here to read...
Myanmar
Political turmoil in Afghanistan, Myanmar impacting Indian projects - Business Standard
India-backed projects have suffered setbacks in Afghanistan and faced numerous challenges in Myanmar due to the current political and security situations in these countries, the Ministry of External Affairs has informed a parliamentary panel. Click here to read...
China-aided national theatre renovation project handed over to Myanmar - Xinhua
The China-aided renovation project of the National Theatre of Yangon was officially handed over to the Myanmar government here on Tuesday. The renovation project, which was carried out with the assistance from China, began in August 2019 and was completed in November 2022. The upgrading work has made the theatre a modernized one of higher standards. Speaking at the handover ceremony, Chinese Ambassador to Myanmar Chen Hai said that the National Theatre of Yangon is the largest of its kind in Myanmar, whose construction was completed with the assistance from the Chinese government in 1990. Click here to read...
Nepal
India’s policy hurts power export prospects of Nepal – The Kathmandu Post
In a move that will make hydroelectricity generated by Indian projects cheaper than that produced by Nepal, India’s power ministry starting earlier this month removed the inter-state transmission charges for new Indian hydropower projects. The ministry on December 2 issued the order to waive Inter-State Transmission System (ISTS) charges on the transmission of electricity generated by new hydropower projects. The waiver is already available to solar and wind power projects. Click here to read...
President summons parliament session from January 9 – The Kathmandu Post
President Bidya Devi Bhandari has called for the session of the Federal Parliament on January 9. The session has been called at 1:00 pm according to Article 93 (1) of the constitution, informed Office of the President on Tuesday. The meeting of the House of Representatives and the National Assembly is going to be held for the first time after the November 20 polls. There are 12 lawmakers from different political parties while four are independent. Click here to read...
China nudges Nepal to expedite BRI projects as Prachanda becomes new PM – Business Standard
A day after Maoist party chief Pushpa Kamal Dahal aka Prachanda was appointed as Nepals new prime minister, China on Monday said that it looks forward to working with the new government to push projects under the ambitious Belt and Road Initiative (BRI). Congratulating Prachanda on his appointment, Mao Ning, the official spokesperson for the Chinese foreign ministry, has said that China wants to pursue projects under the Belt and Road cooperation. Click here to read...
Not Against India, Will Forget Old Disputes, Says Nepal PM Pushpa Kamal Dahal 'Prachanda' – ABP News Online
The newly appointed Prime Minister vowed to strengthen Nepal's relations with India. "We want good relations with India," he said. "I am not against India, will forget the old disputes and move forward," said Prachanda. "According to the mandate given, the government has been formed in the country. The public wanted everyone to work together, and that's why they formed the government together. Our government will complete its term. Work will be done according to the constitution," said PM Prachanda while talking to senior news anchor Dibang. Click here to read...
Chinese arrive for rail feasibility study – The Kathmandu Post
A day after Prime Minister Pushpa Kamal Dahal’s assumption of office, a six-member Chinese technical team landed in Kathmandu on Tuesday to carry out a feasibility study of the Nepal-China cross-border railway. Dahal, the CPN (Maoist Centre) chairman, heads a coalition of two biggest leftist parties and others. The China Railway First Survey and Design Institute Group will carry out the feasibility study via a Chinese government grant. Click here to read...
Pakistan
No other option but to implement IMF deal: PM: The Express Tribune
He said the coalition government never wanted to transfer the burden of price hikes. In the past, the PTI government blatantly breached the agreement with the International Monetary Fund (IMF). Meanwhile, the prime minister said that they had devised a plan to immediately convert all the federal government entities’ buildings to solar power by April next year in order to slash a huge chunk out of the country’s costly fuel import bill hovering around $27 billion. Click here to read...
Road, railway connectivity with CARs discussed: The Express Tribune
Prime Minister Shehbaz Sharif on Tuesday said road and railway connectivity projects between Pakistan and Central Asian states will not only bring the trade communities together, but also usher in a new era of peace and prosperity in the region.The premier said this during a meeting with a high-level delegation from Uzbekistan led by Deputy Prime Minister and Minister for Investment and Foreign Trade Khodjaev Jamshid Abdukhakimovich in Islamabad. Click here to read...
Gold outshines market, gives over 40pc return in 2022: report: The News
Gold was the top-performing asset class in 2022 with a return of more than 40 percent, followed by one-year dollar-denominated Naya Pakistan Certificate (NPC), and the US currency, a local brokerage report stated on Tuesday. The NPC remained on second with a return of up to 36 percent and the holders of the US dollar in cash were listed on third with 28 percent return. Topline Securities presented the report on asset classes that were widely followed by local investors and savers in 2022. “These asset classes provided better returns compared to estimated average consumer price index inflation of 20 percent in outgoing calendar year 2022,” the brokerage said in a client note. Click here to read...
Sri Lanka
Not the correct time for LG polls: PUNP - Daily News
Patriotic United National Party (PUNP) General Secretary Sugath Hewapathirana stated that it is inappropriate to hold a Local Government election now as the economic situation in the country is not stable yet. He said that it is inappropriate to spend Rs.10 billion for an election at this time. He said that it is not appropriate to spend such a large amount of money to hold an election, leaving aside the sufferings of the entire country, who have been greatly affected by the severe economic downturn that the country has faced. He also said that this will give the people an opportunity to recognize who are the political parties and leaders who are working for their own greedy goals by urging for an election setting aside the hardships faced by the people. Click here to read...
Can Sri Lanka drive itself from bankruptcy to prosperity in 2023? DailyFT
Converting the bankrupt nation to solvency will be a challenging task for Sri Lanka in 2023. If this is not done quickly, the goal of making Sri Lanka a rich country by 2048 will be an elusive one…Click here to read...
Increase in requests for dual citizenship in Sri Lanka - Adaderana
Requests have reportedly been made by 5,401 individuals to the Department of Immigration and Emigration for obtaining dual citizenship in the year 2021. The Department of Immigration and Emigration pointed out that the majority of them are residents of Australia, which is numerically 1,621 individuals. Meanwhile, dual citizenship requests have been made by 885 individuals from the United Kingdom, 795 from the United States, 371 from Canada and several others from countries such as Italy, Switzerland, Sweden, New Zealand, France and Denmark. Click here to read...
