Kathmandu, June 20 (IANS) Nepal has remained on the Financial Action Task Force’s (FATF) list of jurisdictions under increased monitoring, commonly known as the “grey list”, although the Nepali government has been taking several measures to address concerns raised by the global anti-money laundering watchdog.Nepal was placed on the FATF grey list in February 2025 after the watchdog identified shortcomings in the country’s anti-money laundering and counter-terrorist financing framework.Since then…
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New Delhi, June 20 (IANS) Pakistan has seen several International Monetary Fund (IMF) programmes to improve its economy in the past but reforms have failed and the country stares at a bigger economic crisis. The question isn’t why reform failed but whether it was ever designed to succeed, argues a new report.The report in Dawn laments that each IMF programme reaches the same diagnosis — the tax base is too narrow, distortions are too many, and institutions are too weak. “The IMF prescribes…
New Delhi, June 12 (IANS) Pakistan is further being engulfed by the very fires it helped to ignite – from the rugged mountains of Khyber Pakhtunkhwa to the deserts of Balochistan, and the simmering unrest in Pakistan‑Occupied Jammu and Kashmir (PoJK) to the volatile Afghan frontier – the state is fighting wars it stoked itself. Add to this the turbulence spilling over from Iran, and Pakistan stares at further descent into chaos.Since the major Pakistan-Afghanistan border firefight and the …
New Delhi, June 12 (IANS) Sri Lanka’s new government confronts structural dependency on Chinese capital that shackled its predecessors but feels handtied due to fragility of its economic recovery, a new report has said.It faces the hard task of renegotiating economic and political ties with China without derailing an already fragile recovery, the report from The Asian said.The National People’s Power (NPP) administration was elected on a backdrop of public criticism of opaque foreign deals a…
New Delhi, June 11 (IANS) Finance Minister Nirmala Sitharaman said on Thursday that India continues to be among the world’s fastest-growing major economies, with GDP growth projected to remain robust at around 7 per cent over the medium term.Highlighting India’s remarkable economic progress in recent years through the visionary leadership of Prime Minister Narendra Modi, and India’s commitment to the mantra of ‘Reform, Perform, and Transform’, Finance Minister said that our growth is pri…
New Delhi, June 10 (IANS) Bangladesh’s revenue mobilisation remains among the weakest globally, with the country collecting about 8 per cent of its GDP in government revenue in 2024, placing it only marginally above conflict-hit economies such as Yemen and Sudan, a report has said.Highlighting the International Monetary Fund (IMF) data, a report published in The Daily Star said that Bangladesh’s revenue-to-GDP ratio is the lowest among Asian economies and significantly below several peer cou…
New Delhi, June 7 (IANS) Pakistan has suddenly assumed an important diplomatic role in the Muslim world by emerging as a mediator between the US and Iran, despite Islamabad’s underdeveloped economy, government, and public welfare, according to a German policy analyst.According to Thiemo Rickenstorf in ‘The Citizen’, Pakistan is facing one of its toughest economic crises in recent years. While relying on IMF bailout loans to stabilise its economy, foreign currency reserves in the nation have dipp…
New Delhi, June 5 (IANS) India’s GDP growth was estimated at a robust 7.8 per cent in the January-March quarter (Q4) of 2025-26, as result of which the growth rate for the full financial year works out to 7.7 per cent on the back of a strong performance of the agriculture, construction, and services sectors, data released by the Ministry of Statistics on Friday showed. The secondary sector recorded a strong 8.8 per cent growth while the tertiary sector grew by 9.9 per cent, according to the offi…
New Delhi, June 5 (IANS) Pakistan’s failure to carry out tax reforms has left its tax base narrowing over the years, resulting in shrinking revenues for the government to implement welfare schemes for the poor. As the country prepares for a new budget for FY27, there is little hope that things will improve, going by the past track record, according to local media reports.“Every budget over the past 10 years (and more) is pretty much the same with minor differences usually in the gimmickry be…
New Delhi, June 3 (IANS) Pakistan is facing an acute energy crisis-cum-financial crunch that is getting worse and is likely to deteriorate further if the China-Pakistan Economic Corridor’s (CPEC) second phase is carried out as proposed, according to an article in Asia Times.Pakistan’s power sector circular debt stood at 1.89 trillion rupees ($6.7 billion) as of February, up nearly 200 billion rupees in just two months. Of that total, 543 billion rupees trace directly to CPEC power projects, …