BUSINESS STANDARD
China is reportedly fast-tracking the construction of the Mohmand Dam in Pakistan, a key hydropower and water security project, in the wake of rising tensions between India and Pakistan over the Indus Waters Treaty.
Concrete filling on the dam had begun. This is a “critical construction milestone”, which marks an “accelerated development phase” for what Beijing has called a “national flagship project” for Pakistan, according to a report by the South China Morning Post. The dam is being developed by the state-owned China Energy Engineering Corporation, which began work on the site in 2019.
CLICK HERE FOR FULL NEWS
Ask Anything, Know Better
1 hour ago FINANCIAL EXPRESS SUMMARY Bestselling author Robert Kiyosaki has issued a fresh warning about a possible global financial crisis. The Rich Dad Poor Dad author took to X (formerly Twitter), and said that each crisis gets bigger because the root problems are never solved. Kiyosaki pointed to key moments in financial history — the 1998 bailout of hedge fund LTCM by Wall Street, the 2008 bailout of Wall Street by central banks — and questioned what will happen next. “In 2025, my long-time friend Jim...
1 hour ago ECONOMIC TIMES SUMMARY The Caspian Sea, shimmering under the sun, has long reflected more than just light – its oil rigs have defined Azerbaijan’s destiny. For decades, the black gold extracted from beneath these waters has fuelled the nation’s economy. In 2022, Azerbaijan produced approximately 33 million tonnes of oil. This substantial output underscores the pivotal role of hydrocarbons in the nation’s CLICK HERE FOR FULL NEWS
1 hour ago ECONOMIC TIMES SUMMARY China provided Pakistan with air defense and satellite support during its clash with India this month, according to a research group under India’s Ministry of Defence, suggesting that Beijing was more directly involved in the conflict than was previously disclosed. China helped Pakistan reorganize its radar and air defense systems to more effectively detect India’s deployments of troops and weaponry, Ashok Kumar, director general at the New Delhi-based Centre For Joint Warfare Studies,...
16 hours ago SUMMARY OF THE NEWS India has restricted $770 million worth of imports from Bangladesh, which accounts for 42% of total bilateral imports. The move is expected to heavily impact readymade garments, processed food, and plastic products. What Has India Done? Imports through land ports have been restricted. These products can now only enter India via select sea ports — Kolkata and Nhava Sheva. This disrupts traditional land-based trade routes used extensively by Bangladesh. Why Did India...
Comments
Write Comment