Economy

On November 27, 2023, it became known about beginning of the construction of a new railroad in Kazakhstan. Construction is underway in the Turkestan Region, the southernmost region of the country. The length of the section under construction (Darbaza-Maktaaral station) is 152 kilometers, which is difficult to call a large-scale project for such a big country as Kazakhstan. The second phase of the project involves connection of the new railroad branch with the Uzbekistan railroad network through the border station…

Within the framework of the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28) held in Dubai, the Russian company Rosatom held a Small Modular Reactors Day. The CEO of Monatom, a Mongolian state-owned company engaged in the promising development of a new industry for Mongolia, took a very active part in the event. During the SMR day, Rosatom representatives familiarized him with the concept of a low-capacity nuclear power plant concept for Mongolia. Following the event, the parties signed a memorandum on the construction…

As Pakistan struggles with yet another round of loans from the IMF, people are keen to ask how we got here in the first place. The answer seems simple. Unrestricted and unsustainable spending by the state is compounded by a painfully low tax base. The lack of sufficient and good-quality domestic production leads to an overdependence on imports and a lack of exports, especially in intermediate to high-value goods. Interest payments on past debts are racking up. In short, everything is moving in the same direction: a negative balance of payments.