The agreement is also to help Sri Lanka to unlock $1.9 billion of support from India of which $400 million is a bank swap and $1.5 billion is in lines of credit.
With Sri Lankan debts to China in excess of $8 billion, the room for manoeuvre for the government of the day was already quite limited…writes Sumit Kumar Singh For some South Asian
Last week, President Moon Jae-in decided to pardon Park as part of his special amnesty for the new year…reports Asian Lite News. Former South Korean President Park Geun-hye was set free on
Sirajul Haq, chief of the Jamaat-e-Islami (JI) rejected the interest-based economic system, saying that Pakistan was not created for usury and corruption….reports Asian Lite News Sirajul Haq, chief of the Jamaat-e-Islami (JI),
“When it comes to roads, we already have a reciprocal agreement with Nepal. Our trucks can ply on Nepalese roads, Nepalese trucks can also come to Kolkata or wherever they need to
The crisis is compounded by high government spending and tax cuts eroding state revenues, vast debt repayments to China and foreign exchange reserves at their lowest levels in a decade…reports Asian Lite
China will fully implement the obligations of the RCEP agreement and guide local governments, industries and enterprises to better seize the opening-up opportunities, according to the Ministry of Commerce…reports Asian Lite News.
The rise in militant attacks in Pakistan coincided with the Afghan Taliban’s military offensive, which started in May 2021 and reached its zenith when the Taliban took over Kabul in August 2021…reports
The two leaders evaluated regional issues and international developments, especially in the Caucasus, Syria and Libya….reports Asian Lite News Turkish President Recep Tayyip Erdogan and Russian President Vladimir Putin on Sunday discussed
The Taliban caretaker government has repeatedly called upon the US to unfreeze assets with aid agencies warning of acute food shortages for more than 22 million Afghans…reports Asian Lite News Thousands of