Nine years after China pact, Nepal's BRI dreams still grounded

IANS | May 16, 2026 6:51 PM

Kathmandu, May 16 (IANS) Nepal and China signed a Memorandum of Understanding (MoU) on cooperation under the Belt and Road Initiative (BRI) on May 12, 2017. Nine years later, no new project has been implemented in Nepal under the BRI, although Beijing has unilaterally categorised the China-assisted Pokhara International Airport in western Nepal as a landmark achievement under the initiative.

Bangladesh economy remains fragile in Q1 2026 over high inflation: Report

IANS | May 16, 2026 6:02 PM

New Delhi, May 16 (IANS) Bangladesh’s economy remained in a “fragile and uneven recovery phase” in Q1 CY2026 as persistent inflation, weak private investment, subdued industrial activity and external sector pressures continued to drag the country's growth, a new report said citing, the Metropolitan Chamber of Commerce and Industry (MCCI).

Tehran committed to diplomacy, Iranian President assures Pope Leo

IANS | May 16, 2026 5:28 PM

Tehran, May 16 (IANS) Iranian President Masoud Pezeshkian on Saturday lauded Pope Leo's "moral stance" against the US-Israeli military action while emphasising that Tehran remains committed to diplomacy and peaceful solutions to the ongoing conflict in the region.

Pakistan growth highlights deep structural weakness in economy: Report

IANS | May 16, 2026 3:32 PM

New Delhi, May 16 (IANS) Pakistan’s latest GDP data points to a fragile and uneven recovery, with the economy growing 3.7 per cent in the current fiscal year, below the government’s 4 per cent target and marginally under the nation's State Bank projection range, a report has said.