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Turkey, Afghanistan, ex-Soviet trio sign corridor agreement

ASHGABAT: A road and rail corridor connecting war-torn Afghanistan with Turkey and Europe was signed off by officials from five countries on Wednesday in Turkmenistan's capital Ashgabat. The so-called Lapis Lazuli corridor agreement is the product of more than five years of talks involving Afghanistan and Turkey as well as the ex-Soviet countries Azerbaijan, Georgia and Turkmenistan. The agreement is focussed on integrating customs procedures and stripping away logistical barriers affecting trade between the countries.…

SBP to review its interest rate corridor

ISLAMABAD: State Bank of Pakistan (SBP) is reviewing its interest rate corridor to further strengthen the transmission of monetary policy as well as to have the desired effect on term structure of interest rate, ARY News has learnt.