Search For "economic crisis"
US donates 3,000 metric tons of food to feed Sri Lankan school children
Updated : 3 years, 6 months ago IST
Colombo [Sri Lanka], August 27 (ANI): The United States through the US Department of Agriculture (USDA) and in partnership with Save the Children, donated 320 metric tons of split yellow peas as a part of 3,000 metric tons of food to nourish school children across Sri Lanka.
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Sri Lankan PM Wickremesinghe requests China for debt restructuring amid ec
Updated : 3 years, 6 months ago IST
Colombo [Sri Lanka], August 25 (ANI): Amid economic turmoil, Sri Lankan President Ranil Wickremesinghe urged China on Thursday to restructure its debt as Beijing is Colombo's largest bilateral lender.
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China's real-estate economic slump threatens Xi's aspirations for third te
Updated : 3 years, 6 months ago IST
Beijing [China], August 25 (ANI): In an attempt to revive the economy hurt by real estate debt problems, the Chinese central bank announced a sudden strong interest rate cut which has given a severe blow to the Chinese economy at a sensitive time for Chinese supreme leader Xi Jinping, who is
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India urges its nationals in Sri Lanka to exercise caution, examine curren
Updated : 3 years, 6 months ago IST
New Delhi [India], August 25 (ANI): At a time when Sri Lanka is facing a severe economic crisis and a steep currency depreciation, India on Thursday urged its nationals living in Sri Lanka to exercise caution and examine the currency convertibility and fuel situation in the island nation car
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Sri Lanka: US, EU voice concern over protesters being detained under count
Updated : 3 years, 6 months ago IST
Colombo [Sri Lanka], August 23 (ANI): The United States and Canada along with the countries in the European Union have expressed concern over Sri Lanka's use of the Prevention of Terrorism Act (PTA) on protestors who participated in the agitation that led to Gotabaya Rajapaksa stepping down
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India hands over 21,000 tonnes of fertilizer to Sri Lanka
Updated : 3 years, 6 months ago IST
Colombo [Sri Lanka], August 22 (ANI): India on Monday handed over 21,000 tonnes of fertilizer to the crisis-ridden neighbour Sri Lanka.
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8 Sri Lankan refugees including children came to Dhanushkodi, probe underw
Updated : 3 years, 6 months ago IST
Dhanushkodi (Tamil Nadu) [India], August 22 (ANI): Eight Sri Lankan people including three males, two females, two male children and a female child came to Dhanushkodi as refugees today early morning at 2 am, police said.
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Pak to receive 20 pc cost of five CPEC projects from Chinese firm to get b
Updated : 3 years, 6 months ago IST
Islamabad [Pakistan], August 21 (ANI): Pakistan is mooting a proposal where the country will receive 20 per cent of the total cost of five China-Pakistan Economic Corridor (CPEC) projects from the sponsoring Chinese firm in order to cover the expenses that it will incur on Pakistan, includin
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CPEC failed to bring any investments in Pakistan
Updated : 3 years, 6 months ago IST
Islamabad [Pakistan], August 20 (ANI): Almost a decade after Beijing initiated the China-Pakistan Economic Corridor (CPEC), the implementation of several of its important projects in Pakistan failed to generate any investments for the country which is headed into an economic crisis.
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China's BRI isn't quite as lucrative as often advertised: Report
Updated : 3 years, 6 months ago IST
Colombo [Sri Lanka], August 20 (ANI): Easy Chinese investment poured into BRI projects abroad isn't quite as lucrative as often publicized and sparsely generates sufficient revenue to justify the cost, according to Stockholm-based non-profit and non-partisan research and policy organization.
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Pakistan lifts ban on imports of luxury items
Updated : 3 years, 6 months ago IST
Islamabad [Pakistan], August 19 (ANI): Pakistani Finance Minister Miftah Ismail on Thursday announced the lifting of a ban on imports of non-essential and luxury goods.
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Pakistan's debt reaches new high, jumps to almost PKR 60 trillion
Updated : 3 years, 7 months ago IST
Islamabad [Pakistan], August 16 (ANI): Due to huge currency depreciation and faulty policies of the Shehbaz Sharif-led Pakistan government, the country's debt jumps to a record high of Pakistani Rupee (PKR) 60 trillion.
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