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A service for global professionals · Monday, July 26, 2021 · 547,267,233 Articles · 3+ Million Readers
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India & Pakistan Asian Development Bank Newswire

  • Published on 11:52 GMT

    Pakistani fintech Dastgyr raises $3.5 million in seed round

    Dastgyr, a B2B marketplace based out of Karachi connecting suppliers to mom-and-pop retailers, has raised a $3.5 million seed round led by SOSV. This takes the total capital secured so far to $4m, including the angel round in July 2020. With fresh capital …

    Source: Dawn - Neutral
  • Published on 12:06 GMT

    Kumar Mangalam Birla

    The deadly second wave of Covid-19 may lead to some reassessment of India's economic growth rate in the current fiscal but the long-term prospects for the country continue to remain robust, Aditya Birla Group Chairman Kumar Mangalam Birla has said. The …

    Source: The Economic Times - Neutral
  • Published on Jul 21, 2021

    Asian Development Bank lowers economic growth forecast as pandemic continues

    ADB Chief Economist Yasuyuki Sawada said Asia and the Pacific’s recovery from the COVID-19 pandemic continues, although the path remains precarious amid renewed outbreaks, new virus variants and an uneven vaccine rollout. The Asian Development Bank (ADB) …

    Source: Big News Network - Neutral
  • Published on Jul 24, 2021

    ADB lowers Malaysias GDP to 5.5% for 2021

    KUALA LUMPUR: The Asian Development Bank (ADB) has revised downwards the growth forecast for Malaysia to 5.5% for 2021 from its April projection of a 6% growth due to the fallout from restrictions imposed to curb the spread of the Covid-19 pandemic. The …

    Source: Big News Network - Neutral
  • Published on Jul 20, 2021

    Asian Development Bank lowers India's economic growth forecast for this fiscal to 10 per cent

    By PTI NEW DELHI: The Asian Development Bank has downgraded India's economic growth forecast for the current financial year to 10 per cent on Tuesday, from 11 per cent projected in April, on account of the adverse impact of the coronavirus pandemic. …

    Source: The New Indian Express - Neutral
  • Published on Jul 23, 2021

    Bangladesh’s economic recovery will continue this fiscal year: ADB

    The Asian Development Bank (ADB) in its Asian Development Outlook Supplement of July said Bangladesh's economic recovery will continue amid the second wave of Covid-19 much like the previous fiscal year, depending on exports and remittances. ADB today …

    Source: Daily Star - Neutral
  • Published on Jul 21, 2021

    GDP grew faster than ADB forecast in FY21

    ISLAMABAD: The Asian Development Bank (ADB) on Tuesday conceded that Pakistan’s GDP growth remained 3.9 percent against its initial projection of 2 percent. “The Government of Pakistan estimated growth at 3.9 percent in FY2021 (ended 30 June 2021), the …

    Source: The News International - Uncategorized
  • Published on Jul 20, 2021

    Pakistan borrows USD 14.3 billion foreign loans in FY21

    Islamabad [Pakistan], July 20 (ANI): Pakistan Ministry of Economic Affairs reported on Monday that the government received USD 14.283 billion foreign loans during the fiscal year 2020-21, compared to USD 10.66 billion in 2019-20, showing an increase of 34 …

    Source: Big News Network - Neutral
  • Published on Jul 20, 2021

    ADB revises growth outlook for developing countries as renewed outbreaks slow recovery

    The Asian Development Bank (ADB) has adjusted its 2021 growth outlook for developing countries in the wake of renewed Covid-19 outbreaks, new virus variants, and an uneven vaccine rollout that has slowed recovery in some economies in the region. In a …

    Source: Dawn - Neutral
  • Published on Jul 20, 2021

    ADB cuts India's FY22 economic growth forecast to 10%; inflation seen rising marginally to 5.5%

    The Asian Development Bank (ADB) has downgraded India's economic growth forecast for the current financial year to 10 per cent on Tuesday, from 11 per cent projected earlier this year, mainly on account of the adverse impact of the coronavirus pandemic …

    Source: The Economic Times - Neutral
  • Published on Jul 20, 2021

    ADB sees India growing at 10%

    The latest economic growth projection for India is lower than the 11 per cent growth forecast in the ADO in April this year. The Asian Development Bank (ADB) on Tuesday revised down its growth projection for the Indian economy to10 per cent during the …

    Source: Khaleej Times - Uncategorized
  • Published on Jul 20, 2021

    ADB lowers India growth forecast for 2021-22 to 10 per cent

    The Asian Development Bank (ADB) sees Indian economy growing 10 per cent during the current fiscal (2021-22). This is reflected in the supplement to ADB’s flagship economic publication, Asian Development Outlook (ADO) 2021, released on Tuesday. The latest …

    Source: The Hindu Business Line - Neutral
  • Published on Jul 20, 2021

    ADB Lowers Asia's Growth Outlook On Renewed COVID-19 Outbreaks

    The Asian Development Bank downgraded the developing Asia's growth outlook as a resurgence of the COVID-19 infections, new virus variants and an uneven vaccine rollout weighed on the economic recovery. In the Asian Development Outlook Supplement, …

    Source: RTTNews - Neutral
  • Published on Jul 20, 2021

    ADB lowers India's economic growth forecast for this fiscal to 10%

    The Asian Development Bank has downgraded India's economic growth forecast for the current financial year to 10 per cent on Tuesday, from 11 per cent projected in April, on account of the adverse impact of the coronavirus pandemic. India's GDP …

    Source: Business Standard - Neutral
  • Published on Jul 20, 2021

    ADB trims developing Asia's 2021 economic growth forecast to 7.2%

    MANILA (Reuters) - Developing Asia's economic growth this year will be slightly lower than previously projected, the Manila-based Asian Development Bank said on Tuesday, citing the resurgence of COVID-19 infections in countries. The ADB said recovery …

    Source: Investing.com - Uncategorized
  • Published on Jul 17, 2021

    Pakistan parliament passes FATF-related bill

    Pakistan's parliament has passed a bill for providing legal assistance in international criminal matters as part of efforts to fulfil the conditions set by the global financial watchdog FATF. The Mutual Legal Assistance (Criminal Matters) Amendment …

    Source: Economic Times - Uncategorized
  • Published on Jul 14, 2021

    Reforms can save $4b a year in safety net spending: ADB

    Bangladesh can save $19.32 billion over the next five years, or about $4 billion annually, if it can eliminate errors and leakages in the social safety net programmes and cut administrative and transaction costs, according to Asian Development Bank. Under …

    Source: Daily Star - Neutral
  • Published on Jul 9, 2021

    Expanding Indo-Pacific vision: India to have twenty four Integrated Check Posts on land borders by 2025

    India will have 24 Integrated Check Posts (ICPs) along its land borders by 2025, said Aditya Mishra, Chairman, Land Ports Authority of India (LPAI) in what could enable better integration of the region and beyond to SE Asia. The ICPs are entry and exit …

    Source: Economic Times - Uncategorized
  • Published on Jul 22, 2021

    Sensex, Nifty Set For Strong Start

    Indian shares look set to open higher on Thursday after three consecutive sessions of losses. Indian markets were closed Wednesday on account of Eid-ul-adha 2021 or Bakrid 2021. On Tuesday, benchmark indexes Sensex and the Nifty fell 0.7 percent and 0.8 …

    Source: RTTNews - Neutral
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