Growth in Asia and the Pacific outperformed expectations in late 2023, reaching 5.0 percent for the year. Inflation has continued to decline, albeit at varying speeds: some economies are still seeing sustained price pressures, while others are facing deflationary risks.In 2024, growth is projected to slow modestly to 4.5 percent. …
Expressing grave concerns over the rampant environmental degradation in the country, environmental experts have said that Pakistan, especially Sindh, is facing an environmental disaster. A survey carried out prior to the World Environment Day (WED) has revealed that due to the decreasing water flow in downstream Kotri Barrage, seawater has …
With the war over, a senior Minister said Sri Lanka must spend more on science and technology, particularly in research and development, if the country is to achieve higher levels of economic growth and eradicate poverty. Investing now...for our future... - File pic "Sadly, governments have not spent as much …
The United States wants to forge a partnership with China, bringing the world's two biggest emitters of greenhouse gases together to address global warming, Washington's top climate diplomat said on Wednesday. This bilateral relationship could be a "positive anchor" for overall U.S.-China relations, possibly easing dialogue on such issues as …
A Mexican proposal to raise billions of dollars to fight climate change is winning backing in talks on a new U.N. treaty, paradoxically because no one really likes it, a Mexican official said on Wednesday. "It has something for everyone, although everyone will dislike part of it. That's the beauty …
The environmental degradation is estimated to cause Pakistan economic losses to the tune of Rs 365 billion per year that amounted to six percent of the GDP, said Afsarullah Khan Wazir, Project Director Pakistan Forest Institute (PFI) Peshawar. The Project Director PFI in his write up on World Environment Day …
The European Union will boost economies and create an additional 410,000 jobs if the bloc meets its target of getting one fifth of its energy from renewable sources by 2020, a new report shows. The 27-country bloc will boost gross domestic product (GDP) by a quarter of 1 percent in …
During one of the many meetings preceding the Copenhagen round of talks scheduled to take place in December, the developed countries have tentatively agreed on a plan to collectively raise $100 billion per year in order to provide financial support to the poor and developing nations as they try to …
Minister for Environment, Hamidullah Jan Afridi Thursday announced that there would be 100 per cent sanitation coverage by 2015, and stressed the need to devise a three pronged strategy to achieve this target. "If you ask me to set a target for 2015, I would propose 100 percent sanitation coverage …
Washington defended its plans to cut its greenhouse gas emissions as among the most ambitious in the world Tuesday as major economies meeting in Paris rallied around a Mexican plan to raise cash to fight climate change. "The United States is proposing to make a seismic change" in toughening policy, …
In view of the economic recession, particularly in the USA and European countries, the prices of frozen food in the international markets has fallen up to 40 to 45 percent posing a threat to the industry in Bangladesh. "A red alert hovers over the frozen foods industry," said Sheikh Abdul …
Flash floods, wildfires and heatwaves brought on by climate change could test Europe's ability to insure against and respond to natural disasters, a new report warns. Flooding of the Nile Delta and further desertification of north Africa could also unleash a wave of migrants from Europe's southern neighbours, said delegates …
Southeast Asia's biologically diverse coral reefs will disappear by the end of this century, wiping out coastal economies and sparking civil unrest if climate change isn't addressed, conservation group WWF said on Wednesday. The Coral Triangle, a reef network that spans Indonesia, the Philippines, Malaysia, Papua New Guinea, the Solomon …
Per capita income in Bangladesh shot up to $690 this fiscal year (FY) from the previous year's $608 demonstrating the country's overall income significantly increased though GDP growth fell. Bangladesh Bureau of Statistics (BBS) calculated per capita income in the current FY, based on its estimate of population at 14.42 …
Blaming a drastic slump in exports, the German government on Wednesday predicted a 6 percent contraction in its economy this year, and warned that other countries in the euro zone may not be able to stay competitive as the downturn drags on. Germany
Environment and Natural Resources Minister, Champika Ranawaka said yesterday that the level of development of a nation cannot be gauged through its levels of Gross Domestic Production (GDP) or Human Development Index (HDI) but more so through environmental factors. The Minister said that the core factor representing an economy is …
Southeast Asia faces one of the world's highest climate change bills, the Asian Development Bank said on Monday, unless the region adapts to climate change and joins the rest of the world in cutting greenhouse gas emissions. The destructive effects of higher temperatures, rising seas and fierce storms are likely …
Southeast Asia is one of the world's most vulnerable regions to climate change and could face conflict over failing rice yields, lack of water and high economic costs, a major Asian Development Bank report shows. The region's economies could lose as much as 6.7 percent of combined gross domestic product …
Italy would help Pakistan in alleviation of poverty and bringing a green revolution in agriculture by providing modern technology, logistic, financial support and legal advice, said Dr Vincenzo Prati, Italian Ambassador to Pakistan. While delivering his speech at a seminar on "Agriculture in Pakistan" jointly organised by Multan Chamber of …
