Neighborhood News Digest – 27 February 2023

Afghanistan

Afghan Assets Made $70 Million in Interest: Mehrabi – Tolo News

Shah Mohammad Mehrabi, Central Bank supreme council member and board member of the Afghan Trust Fund in Switzerland, said that the $3.5 billion fund--including $36 million and $34 million in interest--should be used for achieving monetary stability and reducing volatility in the Afghan currency exchange. Click here to read... [2]

Taliban Seeks Iranian Foreign Ministry’s Approval after Appointing Envoy to Tehran – News18

The Iranian foreign ministry could hand over the administration of the Afghan embassy in Tehran to the Taliban, news agency Khaama Press reported citing an Afghan diplomat. The Khaama Press also said that the handover process will be completed in the next few days. The development comes shortly after the Taliban-run foreign ministry stated in a letter that Mohammad Afzal Haqqani has been appointed as a designated ambassador to Tehran. The letter said that Haqqani will be in charge of the diplomatic mission in Iran as the first secretary of the embassy. Click here to read... [3]

Pakistan Reopens Border Crossing With Afghanistan That It Shut Over Shelter To Terrorists – Outlook

Pakistan on Saturday reopened a border crossing with Afghanistan that it closed earlier over a tussle with the Afghan Taliban over terrorism. Earlier, Pakistan closed the Torkham border for vehicular traffic for the last six days amidst bilateral tensions. It was opened on Saturday, allowing the movement of over 7,000 trucks stranded. Click here to read... [4]

Afghan women launch Women's Revolution in Kabul to fight for fundamental human rights – Devdiscourse

According to one of the organizers, Donya Safi, the movement aimed to "protect the basic rights of citizens, particularly women, as access to basic rights is a serious requirement for the citizens." We started this campaign to fight the injustice and inequity against women, reported Amu TV, according to Khaama Press. Click here to read... [5]

Enrollment Drops By 70% in Universities, Educational Centers – Tolo News

The union of universities and educational centers said that the recent restrictions on female education has severely affected the universities. The media director of the union, Mohammad Karim Nasiri, said that the number of participants has dropped by 70 percent. “If we speak generally, enrollment has dropped from 60 to 70 percent in the universities. Prior to this many people were registering,” he said. Click here to read... [6]

Bangladesh

Severe dollar crisis hobbles Bangladesh businesses - Aljazeera

There is a severe shortage of greenbacks in Bangladesh due to its dwindling foreign reserves and a sharp drop in the value of its taka currency against the dollar. In the past six months, Bangladesh’s foreign reserves have dropped below $32bn from $39bn while the value of the taka has fallen by 27 percent from 84 to the dollar to 107. Click here to read... [7]

Russia thanks Bangladesh for abstaining in UNGA on Ukraine resolution – India Today

Russia on Saturday thanked Bangladesh for abstaining from voting in the UN General Assembly on a resolution that underscored the need to reach "comprehensive and lasting peace" in Ukraine, days after Moscow protested Dhaka's decision not to allow the docking of Russian ships under Western sanctions. Click here to read... [8]

US, India, and the election in Bangladesh – Daily Star

In recent months, there have been quite a few visits from countries that are deemed to have the potential to wield significant influence on Bangladesh politics, especially around elections. A number of top US officials visited Bangladesh for talks with government officials, civil society members and senior journalists over the last few years. The Indian foreign secretary visited on February 15. The Chinese foreign minister, on his way to Africa, stopped by in Dhaka in January for a brief meeting with his Bangladeshi counterpart at the airport. Usually, newly appointed Chinese foreign ministers begin their stint with a tour of Africa. This time, however, the minister seemed to consider Bangladesh important enough for a brief stopover on his first trip abroad. Click here to read... [9]

Bhutan

India pledges to invest Rs 2 billion in Bhutan's Gyalsung Infra Project – Economic Times

On Saturday, the first tranche of the grant that was presented will be used for the DeSuung for Gyalsung (DFG) programme as a special India-Bhutan Friendship Project. The DFG seeks to engage about 11,000 DeSuups in the Gyalsung infrastructure construction project through a hybrid skilling and on-the-job training program over the next two years. Click here to read... [10]

To Woo Indian Tourists, Bhutan to Sell Gold at Duty-Free Rates – the Wire

According to the latest prices, 10 grams of 24-carat gold in India costs Rs 57, 490 while it costs around Rs 40,200 in Bhutan. However, tourists will have to pay the sustainable development fee and stay at least one night at a hotel certified by Bhutan's department of tourism. Click here to read... [11]

Bhutanese economy, moving forward - Kuensel

The Water Male Tiger Year 2022 was challenging for the Bhutanese economy. As the economy was getting better from the headwinds from two years of the pandemic, the new variant of Omicron threatened the economy once again at the beginning of last year. This was followed by Russia’s invasion of Ukraine on March 24 last year marking one year as of yesterday. This dimmed the global economy including Bhutan’s forecast, coupled with the persistent inflation, particularly for food and energy. Click here to read... [12]

Bhutan to implement "Health in all policies" strategy to ensure public well-being – ANI

'policies">health in all policies' is an approach where impacts on health are considered in all decision-making and across all sectors and policies, the Bhutan live reported. according to the centres for disease control and prevention of Bhutan, the approach considers potential health outcomes when making policy decisions about transportation, education, housing and other areas that affect communities. Click here to read... [13]

Impact of War in Ukraine: Perspective from Bhutan – Friedrich Naumann Foundation

Its economic lifeline dependent on India, Bhutan is vulnerable to any repercussion the war has on its immediate neighbour. The shortage of fuel was the first of these repercussions, causing long lines of motor vehicles to form at fuel stations even as the government sought to allay public concerns. India's announcement of halting its wheat exports created fear of a potential shortage of food. At the same time, Bhutan’s close relations with India and the latter's strategic relations with Russia made for a delicate situation. Eventually, Bhutan learned some invaluable lessons. Click here to read... [14]

Maldives

MATI launches two books to commemorate Golden Jubilee of Maldives tourism - Raajje

The Maldives Association of Tourism Industry (MATI) has launched two books to commemorate the Golden Jubilee of Maldives Tourism. The books were launched at the 33rd Annual General Meeting of MATI held at Kurumba Maldives on 19th February 2023. Minister of Tourism Abdulla Mausoom, Chairman of MATI, Mohamed Umar Maniku, Minister of Health Ahmed Naseem, Secretary General of MATI, Ahmed Nazeer, CEO and MD of MMPRC, Thoyyib Mohamed took part in the launching ceremony. Click here to read... [15]

Maldives-UAE discuss ways to strengthen defense cooperation - Raajje

Maldives and the United Arab Emirates (UAE) have explored expanding defense cooperation. Maldives Defense Minister Mariya Ahmed Didi has met with the UAE's Chief of Staff of Armed Forces, Lieutenant General Engineer Issa Saif bin Ablan Al Mazrouei. She met with the UAE's Chief of Staff of Armed Forces, on the margins of the International Defense Exhibition (IDEX 2023) on Friday. Click here to read... [16]

Myanmar

Japan to ‘Appropriately Handle’ Project Benefiting Myanmar’s Military - HRW

During a televised parliamentary budget session on Wednesday, February 22, Japan’s Prime Minister Fumio Kishida said his government will “appropriately handle” a development aid project in Myanmar that is benefiting the country’s abusive military. Yoshimasa Hayashi, the Japanese foreign minister, echoed the prime minister’s public pledge to take appropriate action. Click here to read... [17]

Myanmar continues to be in FATF Black List; UAE, Turkiye in Grey List - India Today

Myanmar along with Iran and North Korea continue to be on the 'Black List' of the FATF with the global watchdog on terror financing and money laundering on Friday terming the three countries as "high-risk jurisdictions". In a statement, issued after the second plenary of the FATF in Paris under the presidency of T Raja Kumar of Singapore, the Financial Action Task Force also said the United Arab Emirates (UAE), Turkiye, Jordan, South Africa and 20 other nations will be in its 'Grey List' and they will be under increased monitoring. Pakistan was removed from the 'Grey List' in October last year. Click here to read... [18]

No Myanmar refugees involved in drugs trafficking in Mizoram, says minister Lalchamliana - Times of India

None of the Myanmarese refugees in Mizoram have been found to be involved in drugs and narcotics trafficking to date, home minister Lalchamliana said on Saturday. Lalchamliana said barring 10 or 20 people, 31,050 displaced Myanmar nationals taking refuge in the state have been profiled and temporary identity cards have been issued to them. Click here to read... [19]

Nepal

'Prachanda' government in danger in Nepal: 4 ministers including deputy-PM resign - Sangri Today

Four ministers of Rashtriya Prajatantra Party (RPP), including Deputy Prime Minister Rajendra Singh Lingden, have resigned from Pushpa Kamal Dahal's government formed two months ago in Nepal. Actually, Prachanda's government has announced going out of the coalition and supporting Ramchandra Poudel of the opposition party Nepali Congress for the post of President. Angered by this, the RPP ministers decided to quit the government on Saturday. Click here to read... [20]

Nepal reports lowest growth in 7 years in Q1 - Dajji World

23 fiscal year which began in mid-July 2022, the lowest year-on-year growth in the past seven years, the National Statistics Office (NSO) has reported. The country logged a growth of 3 per cent over the same period of the 2021-22 fiscal year and has targeted an 8-per cent growth for the current fiscal year, Xinhua news agency reported. Click here to read... [21]

China's ambassador steps up political engagements ahead of crucial presidential elections in Nepal - Dajji World

Chinese Ambassador to Nepal, Chen Song, has stepped up his high-level political engagements in Kathmandu as political parties in parliament stepped up their dialogues on who should be elected the next president of the country. Nepal is electing its new president on March 9 and political parties in parliament will have to file their nominations by February 25. Ahead of nominations for the crucial presidential elections, parties have started their internal debates to see potential nominees. Click here to read... [22]

A potential debt trap in Nepal - Devi Discourse

The risk here is that a country's national debt could become too high when Nepal needs heavy investment in quality infrastructure. When that happens, spending without proper calculation of income or direct contribution to the national output can be disastrous. As a result, increased interest payments can divert funds from other much-needed government projects, or there is a less private investment because of high-interest rates. Budgets are tightened and confidence in the economy weakens. For the fiscal year 2022–2023, Nepal’s government is only permitted to raise a maximum of 256 billion Nepalese Rupees (about USD 2 billion) in internal loans. The decision to limit external borrowing comes at a time when several countries, including Sri Lanka, were facing debt distress. Click here to read... [23]

Pakistan

Pakistan govt halts clearance of bills, salaries amidst economic crisis – Deccan Herald

The cash-strapped Pakistan government has directed the accountant general to cease the clearing of bills, including salaries, owing to the current economic crisis, according to a media report on Saturday. The Ministry of Finance and Revenue also instructed the Accountant General of Pakistan Revenues (AGPR) to halt the clearing of all the bills of the federal ministries/divisions and attached departments until further notice, The News International quoted official sources as saying. Click here to read... [24]

Imran faces 36 cases in ECP, Lahore & Islamabad – The Express Tribune

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan faces a whopping number of 36 cases currently pending against him in various courts of Islamabad, Lahore and in the Election Commission of Pakistan (ECP). These include disqualification, pre-arrest bail, criminal proceedings, protective bail and defamation cases. One case pertains to terrorism as well and the PTI chief is yet to be granted pre-arrest bail in that one. Click here to read... [25]

Pakistan economic crisis: Now country’s healthcare system gets hit, medicines supply deteriorate - Mint

Amid Pakistan's external debt servicing obligation for the ongoing fiscal year 2022-23 rovers over $23 billion, of which $6 billion has been repaid and $4 billion rolled over, reports are arriving that country's healthcare system has been badly hit and its struggling for essential medicines. Click here to read... [26]

Pakistan's Weekly Inflation Crosses 40 Percent For 1st Time In 5 Months – NDTV

Consumer prices rose significantly in the outgoing week on the back of onions, chicken, eggs, rice, cigarettes and fuel, official data showed on Friday, driving the weekly inflation to over 40 per cent for the first time in over five months, the Dawn reported. Though week-on-week inflation eased slightly, it still remained high as bananas, chicken, sugar, cooking oil, gas and cigarettes became costlier, the Pakistan Bureau of Statistics (PBS) reported. Click here to read... [27]

China, Iran, Uzbekistan come to Pakistan’s rescue from economic crisis – Mint

Amid this unstable economic situation, Iran is promoting trade with Pakistan, while China has granted a new $700 million loan to the country. This week, Pakistan has received a new $700 million loan from China to help shore up its foreign exchange reserves, in another step to help the South Asian nation recover from an economic crisis, according to Reuters. Iran has established six border markets to promote trade with crisis-hit Pakistan, said Iranian Consul General Hasan Noorain as quoted by pkrevenue. Uzbekistan has also inked a $1 billion deal to increase bilateral trade with Pakistan at the 8th meeting of the Pakistan-Uzbekistan Inter-governmental Commission on Trade-Economic and Scientific-Technical Cooperation (IGC) held in Tashkent on Friday. Click here to read... [28]

Sri Lanka

India & Sri Lanka review defence & security cooperation at annual defence dialogue – Economic Times

Top defence officials of India and Sri Lanka have held the seventh edition of their annual dialogue during which the two sides reviewed the bilateral defence and security cooperation and identified new avenues for engagement. The two-day meeting of the 7th edition of the Annual Defence Dialogue (ADD) between India and Sri Lanka, which began in New Delhi on Thursday was chaired by Defence Secretary Giridhar Armane and his Sri Lankan counterpart General Kamal Gunaratne. Click here to read... [29]

Sri Lankan opposition-led protest march comes under police tear gas water cannon attack – The Week

Sri Lankan police on Sunday fired tear gas and water cannons to disperse a protest march organised by the country’s main opposition coalition here against the delay in local body polls. The Election Commission on Friday formally announced that the local body elections would not be held on March 9 as planned, and a fresh date will be notified on March 3.

Pressure for PM to resign false: Media Secretary – Daily News

There is no truth whatsoever in the media reports that Prime Minister Dinesh Gunawardena would resign, Prime Minister’s Media Secretary Lalith Rohana Liyanage said in a press release. “Furthermore there has not been any request or pressure from any quarters for the Prime Minister to resign. These false reports are a part of a conspiracy to disrupt the plans being implemented by the government,” the press release said. Click here to read... [30]