With timely and well-targeted programs, policy makers can prevent the health crisis from deepening into a wider economic and financial crisis. This could sow the seeds of economic recovery.  

Bold action is required by policymakers and central bankers to keep the region’s economies afloat and contain the pandemic.

More than two months after a black man was shot to death while jogging on a Sunday afternoon, Georgia investigators conceded that the facts show enough evidence to jail a white father and son on charges of felony murder and aggravated assault.  The investigation appeared stalled by local author...

The Karachi Metropolitan Corporation is going to introduce a mobile application to ensure punctuality of its employees and facilitate their work.Karachi Mayor Wasim Akhtar announced this while addressing a meeting at the Frere Hall on Friday. He also announced that applications were sought for...

Next-Generation Miniaturized Rubidium Atomic Clock Improves Performance and adds Features without Increasing Size

Environmental monitoring reports describe the environmental issues or mitigation measures of a project. This document dated May 2020 is provided for the ADB project 43319-022 in the Lao People's Democratic Republic.

Speaker Nabih Berri said it was necessary and urgent to implement measures to halt Lebanon’s economic collapse, local newspaper Al-Joumhouria reported Saturday.

KARACHI: The State Bank of Pakistan (SBP) on Friday allowed subsidised financing for setting up of new plants and expansion of existing units while the maximum amount for a single unit has been set at Rs5 billion to boost economic activities in the manufacturing sector.

The SBP on Friday said it has opened up its subsidised Temporary Economic Relief Facility (TERF) for Balancing, Modernization and Replacement (BMR) and expansion of existing projects.

Under this scheme, the SBP provides refinance to banks for their onward extension of financing at maximum end-user rate of seven per cent for 10 years.

“The maximum financing for a single project under the scheme is Rs5bn. The objective of this facility is to boost economic activity through investments in manufacturing units,” said the SBP.

While allowing the BMR and expansion of existing projects, the SBP has permitted financing for purchase of new-imported and locally-manufactured plant and machinery against foreign letter of credit (LC) and inland LC.

“The funding under the facility cannot be used for procurement of second-hand machinery, land or carrying out civil works,” said the SBP.

According to the circular issued by the central bank, in addition to new projects, existing projects and businesses are being allowed to avail financing under these facilities for BMR and expansion of their projects or businesses.

“This measure has been taken to provide further stimulus to the economy in the context of Covid-19’s impact on the economy, to support investment in the country for modernising or expanding manufacturing and production units, and in response from feedback from stakeholders,” said the SBP.

The central bank said that, it has taken several measures since the outbreak of Covid-19 to safeguard economic activity in the country. On Mar 17, the SBP introduced TERF and its shariah-compliant version to stimulate new investment in the manufacturing sector.

With expansion in scope of the facility, the SBP expects that existing businesses will avail subsidised funding to improve productivity leading to higher economic activity and employment generation.

The banks and development finance institutions will be required to make disbursements to their customers on the basis of certificates of their internal audit confirming that financing is within the terms and conditions laid down in the facilities.

Borrowers will be required to submit a report from the Pakistan Banks Association-approved surveyors with regard to confirmation that the newly-purchased plant and machinery has been installed as per their initial request or proposal for BMR and expansion. In case of installation and fixation in part, this report will be required at first and final installation of the plant and equipment.

Published in Dawn, May 9th, 2020

ADB President Masatsugu Asakawa and Pakistan’s Federal Minister for Economic Affairs and ADB Governor Makhdoom Khusro Bukhtiar today discussed how ADB can scale up its support for the government’s response to the COVID-19...

ADB has approved $50 million in loan and grant financing to help the Government of the Kyrgyz Republic mitigate the significant negative health, social, and economic impacts of the novel coronavirus disease (COVID-19) pandemic.

Regional economic growth in developing Asia will decline sharply to 2.2% in 2020 due to the effects of the COVID-19 pandemic, before recovering in 2021, according to the Asian Development Outlook 2020.

The news-based economic policy uncertainty index, which is widely used in developed countries, has not properly captured the state of economic uncertainty in India.

Asian regional integration is progressing under more complex and diversified considerations than European integration.

Financial sector development can play a crucial role in driving economic growth.

Some groups in the economy may need the government-assistance policy on security to lower the economic uncertainty they face.

Trade facilitation, by reducing trade costs and raising the efficiency of moving goods across borders, is integral to international trade.

The Caspian region still has some alternatives that can develop it into a cohesive area.

The global financial architecture should focus on providing short-term lending facilities to improve the efficiency of developing projects.

Gradual integration and expansion would help intensify Asian economic integration through capacity-building and technological development from more advanced economic blocs.

The news-based economic policy uncertainty index, which is widely used in developed countries, has not properly captured the state of economic uncertainty in India.

Financial sector development can play a crucial role in driving economic growth.

BENGALURU, INDIA –  HARMAN (NYSE:HAR), the premier connected technologies company for automotive, consumer and enterprise markets, today announced that it has launched its global corporate social responsibility initiative, ‘HARMAN Inspired’, in India....

The cartoonist and engineer talks time travel paradoxes, absurd interviews with astronauts, and how strange science can fix everyday problems

Nigerian comedian Maryam Apaokagi has a sure-fire way of getting people to listen to her coronavirus health advice - she delivers it with a hard slap in the face.

Olivia Colman and Helen Mirren have teamed up with the creators of Wallace & Gromit in a film called Turtle Journey to raise awareness about climate change and ocean pollution

Olivia Colman and Helen Mirren have teamed up with the creators of Wallace & Gromit in a film called Turtle Journey to raise awareness about climate change and ocean pollution

This week, catch the last few days of an art show that gives mothers their due, explore a land of orchids and discover how loving maths makes us better people

Rejection of science is rampant, but scientists can do better at countering doubt and there are grounds for optimism every day, says Naomi Oreskes, author of Why Trust Science?

The head of the International Monetary Fund on Friday signaled a possible downward revision of global economic forecasts, and warned the United States and China against rekindling a trade war that could weaken a recovery from the coronavirus pandemic.

Mexican President Andres Manuel Lopez Obrador said on Friday he aims to present plans next week to reopen the economy, as key sectors like carmaking look to begin business again after over a month of quarantine measures to curb the coronavirus outbreak.

Coronavirus quarantine has supermodel Naomi Campbell reinventing herself as a talk show host with the new series "No Filter with Naomi."

Michelle Obama's tour to promote her best-selling 2018 memoir "Becoming" has been turned into a documentary film for Netflix .

The coronavirus pandemic is making life feel slower than ever, but observing timescales across the universe can bring us some comfort, writes Chanda Prescod-Weinstein

Title: Which Diets Help You Keep the Weight From Coming Back?
Category: Health News
Created: 4/2/2020 12:00:00 AM
Last Editorial Review: 4/3/2020 12:00:00 AM

Title: $1,000 Personal Genome Coming: Are We Ready?
Category: Health News
Created: 4/30/2010 11:39:00 AM
Last Editorial Review: 4/30/2010 11:39:20 AM

Title: HIV 'Cure' Looks 'Promising,' Danish Scientists Contend
Category: Health News
Created: 4/29/2013 12:35:00 PM
Last Editorial Review: 4/30/2013 12:00:00 AM

Title: Coming Soon: A Test to Gauge Your Obesity Risk?
Category: Health News
Created: 4/30/2015 12:00:00 AM
Last Editorial Review: 4/30/2015 12:00:00 AM

Title: Drugs Show Promise for Some Advanced Lung Cancers
Category: Health News
Created: 4/29/2015 12:00:00 AM
Last Editorial Review: 4/30/2015 12:00:00 AM

Title: Nipple-Preserving Mastectomies Appear Safe for High-Risk Women: Study
Category: Health News
Created: 4/25/2016 12:00:00 AM
Last Editorial Review: 4/26/2016 12:00:00 AM

Title: Arthritis Drug Shows Promise for Ulcerative Colitis
Category: Health News
Created: 5/3/2017 12:00:00 AM
Last Editorial Review: 5/4/2017 12:00:00 AM

Title: Skin's 'Good' Bacteria May Be Promising Weapon Against Eczema
Category: Health News
Created: 5/3/2018 12:00:00 AM
Last Editorial Review: 5/3/2018 12:00:00 AM

Title: Newer Diabetes Drug Shows Promise in Kids, Teens
Category: Health News
Created: 4/30/2019 12:00:00 AM
Last Editorial Review: 4/30/2019 12:00:00 AM

Title: Treatments Targeting Social Behavior Hormone Show Promise With Autism
Category: Health News
Created: 5/1/2019 12:00:00 AM
Last Editorial Review: 5/2/2019 12:00:00 AM

Title: Coronavirus Vaccine Shows Promise
Category: Health News
Created: 4/29/2020 12:00:00 AM
Last Editorial Review: 4/29/2020 12:00:00 AM

The second annual Journal Article Tag Suite Conference (JATS-Con) will be held on September 26 and 27, 2011, at the Natcher Conference Center on the NIH Campus in Bethesda, Maryland. The 2011 conference will feature a host of presenters who will discuss topics ranging from Best Practices to PMC Tagging Guidelines. For more information on the conference and the program, see JATS-Con.

Title: New Polio Vaccine Promising in Early Test
Category: Health News
Created: 4/24/2020 12:00:00 AM
Last Editorial Review: 4/27/2020 12:00:00 AM

Title: Experimental Drug Shows Promise for Schizophrenia
Category: Health News
Created: 4/16/2020 12:00:00 AM
Last Editorial Review: 4/17/2020 12:00:00 AM

Title: Magnetic Brain 'Zap' Shows Promise Against Severe Depression
Category: Health News
Created: 4/7/2020 12:00:00 AM
Last Editorial Review: 4/8/2020 12:00:00 AM