Pakistan's ongoing power crisis just added to the problem. Frequent and longer outages and higher energy costs have driven many out of business. This has rendered losses of USD 70 billion to the textile industry alone, reported Asian Lite International.
According to the ADB Annual Report 2022, released on Monday, out of total disbursement of over USD 31.8 billion to 40 countries, Pakistan received loans of USD 5.58 billion.
Bengaluru (Karnataka) [India], April 28 (ANI/PRNewswire): India is a land of farmers, and most of these farmers are facing tough challenges while growing crops. It may either be lack of water supply for irrigation or waterlogging during heavy rains leading to crop spoilage. This has made sur
Record-breaking heat waves affected Europe during the summer. In some areas, extreme heat was coupled with exceptionally dry conditions. Excess deaths associated with the heat in Europe exceeded 15,000 in total across Spain, Germany, the UK, France, and Portugal.
Droughts, floods and heatwaves affected communities on every continent and cost many billions of dollars. Antarctic sea ice fell to its lowest extent on record and the melting of some European glaciers was, literally, off the charts.
At least 29 people were killed across 31 provinces in Afghanistan due to flash floods and earthquakes in the past month, Khaama Press reported citing Shafiullah Rahimi, a spokesperson for the Taliban-led Ministry of Natural Disaster Management.
Gurgaon (Haryana) [India], April 19 (ANI/BusinessWire India): At a time when the digital marketplace is flooded with service providers offering services at a click, Nakoda Urban Services has been able to ensure 100 per cent quality services through its vast network of service partners spread
New Delhi [India], April 19 (ANI/SRV): Francture Brands Pvt Ltd has bagged the agency partnership of Oriental APAC Inc Ltd, a Hong Kong-based company that offers a patented solution for stormwater management. The partnership will enable Francture Brands to introduce and market innovative tec
New Delhi [India], April 19 (ANI/SRV): Set to revolutionise the way in which tech gadgets are purchased, Tech Wizard, a comprehensive tech review platform, has been recently launched by Sadiq Iqbal, a tech enthusiast, and entrepreneur, as an aid to the consumer for making an informed choice
Pakistan suffered a major flooding event in 2022 which eventually caused a wheat crisis, massive civilian casualty and displacement, all of which the Shehbaz Sharif government has been using to evoke global sympathy and funding. The unprecedented food crisis requires long-term steps to incre
Indian Institute of Technology Roorkee (IIT Roorkee) signed a Memorandum of Understanding (MoU) with the National Science and Technology Centre for Disaster Reduction (NCDR), Taiwan, while the scientists and faculty members of NCDR, along with their Director Dr. Hongey Chen visited the insti
The report says Pakistan's economy is under stress with low foreign reserves and high inflation. Activity has fallen with policy tightening, flood impacts, import controls, increased borrowing and fuel costs, low confidence, protracted policy and political uncertainty. Despite some projected