Northern Pakistan breaks heat records as Gilgit-Baltistan hits 48.5°C
Northern Pakistan recorded some of its highest temperatures ever on Saturday, with Gilgit-Baltistan’s Chilas district reaching 48.5°C (119.3°F), b...
Kazakhstan is advancing efforts to cut imports of finished goods by bolstering domestic production. The initiative was a focal point during a Senate plenary session attended by Prime Minister Olzhas Bektenov and government officials.
Kazakhstan is advancing efforts to cut imports of finished goods by bolstering domestic production. The initiative was a focal point during a Senate plenary session attended by Prime Minister Olzhas Bektenov and government officials.
Discussions also included draft laws on the national budget and guaranteed transfers from Kazakhstan’s National Fund for 2025-2027. Prime Minister Bektenov highlighted the importance of economic diversification, noting a significant shift in the country’s industrial landscape.
“The manufacturing industry has surpassed the raw materials sector, accounting for 47 percent of total industrial output compared to 45 percent for raw materials,” Bektenov stated.
He outlined the government's efforts to support local producers, including expanding the list of goods sourced exclusively from domestic suppliers from 1,500 to 4,500 items. These measures led to a 55 percent rise in contracts with domestic producers, reaching 350 billion tenge (approximately $704 million).
Bektenov also highlighted the success of off-take agreements, which secure product supply commitments from local manufacturers. “The total value of off-take contracts this year reached 134 billion tenge (approximately $270 million), a 14-fold increase from last year,” he noted.
Additionally, the implementation of large-scale industrial projects nationwide has driven a 6.4 percent increase in exports of finished products and a 7.2 percent reduction in imports.
The government’s initiatives underline its commitment to strengthening Kazakhstan’s self-sufficiency and economic resilience through strategic industrial growth.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
Italy plans to grant approximately 500,000 work visas to non-EU nationals between 2026 and 2028, as announced in a cabinet statement. The initiative aims to address labor shortages by expanding legal immigration pathways
Following a deadly glacier collapse in Blatten, near the Swiss Alpine village of Kandersteg, the town is on high alert as melting permafrost and shifting rock threaten another potential disaster after it was buried a month ago.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Armenia’s Foreign Ministry has reaffirmed that the country’s territory cannot be used by any third party to carry out military operations against neighbouring states.
Armenian Prime Minister Nikol Pashinyan says the country needs a new constitution that reflects its current realities and has a clear purpose.
The 17th Summit of the Economic Cooperation Organization (ECO) was successfully held in Khankendi, Azerbaijan, highlighting the region’s revival and the deepening economic cooperation among member states.
Afghanistan’s Deputy Prime Minister for Economic Affairs, Abdul Ghani Baradar, met with Azerbaijani Prime Minister Ali Asadov in Baku to discuss expanding trade and developing the Lapis Lazuli transport corridor.
Azerbaijan and Kyrgyzstan have explored new avenues for energy cooperation during a high-level meeting in Baku.
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