Economy

The World Bank has approved a USD20 billion loan package for Pakistan under a ten-year Country Partnership Framework (CPF), with climate change related investment being a key focus of the agreement.

After months of economic strain, Pakistan’s foreign exchange reserves are showing tentative signs of recovery.

Potential lithium deposits, a critical resource of strategic importance, have yet to be fully explored in Bosnia and Herzegovina. However, confirmed reserves, located in the eastern part of the country, are estimated to exceed one million tons of lithium concentrate.

India is aiming to address a growing trade imbalance with ASEAN by revamping its existing free trade agreement.  Additional Secretary in the Department of Commerce Rajesh Agrawal highlights the need for a review of the deal, citing concerns over tariff asymmetry and potential misuse.

The inauguration of a new railway sleeper factory in Tindouf Province Algeria, marks a pivotal milestone in the construction of the 575-kilometres Western Algeria Railway Mining Line.

Morocco and France marked a significant milestone in their bilateral relations with the signing of investment agreements totalling nearly USD 10.4 billion marked for major infrastructure projects throughout Morocco.

Iraq is intensifying efforts to strengthen its economic and investment landscape, spearheaded by the National Investment Commission (NIC) under the leadership of Chairman Haider Muhammad Makiya.

Malaysian Prime Minister Datuk Seri Anwar Ibrahim's recent four-day visit to China and, his meeting with Chinese President Xi Jinping shows a shared vision which opposes protectionism, advances trade liberalisation, and promotes a multipolar world.