Valve has updated the Steam Store to add new supported regions. This new expansion is for South Asia and includes countries like Bangladesh, Bhutan, Nepal, Pakistan, and Sri Lanka. The effect of this newchange is that game prices have dropped in these regions so if you are user of the Steam Store from any of the listed countries, you can now purchase new and old games at significantly reduced prices.
Here is the official statement from Valve including the addition of new currencies and support for more regions around the world.
As part of our continuing efforts to make Steam better for players around the world, we are now accepting game pricing in 10 new currencies and 1 new region. Please enter pricing for the following new currencies with launch planned for later this year:
• Argentinian Peso (ARS)
• Costa Rican Colón (CRC)
• Israeli New Shekel (ILS)
• Kazakhstani Tenge (KZT)
• Kuwaiti Dinar (KWD)
• Polish Zloty (PLN)*
• Qatari Rial (QAR)
• Ukrainian Hryvnia (UAH)
• Uruguayan Peso (UYU)
• Vietnamese Dong (VND)
• South Asian Pricing Region (USD discounted pricing for Bangladesh, Bhutan, Nepal, Pakistan, and Sri Lanka)
In addition to offering local currency pricing in more countries, players in these countries will also be able to use a variety of previously unavailable payment methods. With this update, Steam will support a total of 39 currencies and 80 payment methods, giving your games truly global reach.
Valve already supports India and China with support for their local currencies but this new expansion should now cover majority of the South Asia region. Hopefully this can lead to Sony and Microsoft offering similar region based pricing on their official store.