Reconfiguration of supply chains, fragmentation of payment networks, and changes in reserve currency holdings are some of the effects stemming from the Ukrainian conflict. The Russia-Ukraine conflict has added uncertainty to the Asian economy, which already has to battle a COVID-19 surge and brace for tighter financial conditions, said Changyong Rhee, the director of the Asia and Pacific Department at […]

Sri Lanka’s main opposition parties are withholding support for the amendments, saying they do not stop the arbitrary arrest of dissidents. The Parliament of Sri Lanka has amended controversial “anti-terror” legislation after a European Union threat to withdraw lucrative trading status, but opposition lawmakers said the changes would not stop abuses under the law. The EU last year warned that […]

For the first times in the last four decades, there is no conflict in Afghanistan, says the Pakistani prime minister. Addressing the inaugural session of the OIC Council of Foreign Ministers’ meeting in Islamabad, Imran Khan called the Afghans the longest-suffering people. In his keynote address on Tuesday, Khan said: “The only danger now is through sanctions and non-recognition, which […]

China has pledged all possible cooperation with efforts for peace, development and reconstruction of Afghanistan. Chinese Foreign Minister Wangi Yi held out the promise while speaking at the inaugural session of the 48th OIC Council of Foreign Ministers (CFM) meeting in Islamabad. “China stands ready for cooperation with the Islamic world,” he said, signaling Beijing’s readiness to work for regional […]